Florida still attractive for property investors
February 26, 2014
With the upcoming introduction of new opportunities in Orlando and Miami, so we’ll focus on the interests of Florida for foreign investors.
Of the 327,000 transactions recorded in Florida for the year 2013, the value of this market is estimated at $ 74 billion . But it is important to distinguish between foreign investors representing 22,572 transactions totaling $ 4.6 billion , or 7% of trade and revenue.
According to the same study by the NAR (National Association of Realtors ) , two thirds of realtors recognize work with foreign investors against a national average of 27%.
It is the same way , important to take into account the fact that 80% of surveyed real estate agents face customers in a large majority considers Florida more affordable than their country of origin, many equivalents . In addition, 31% of respondents admit also experience an increase in foreign investors in Florida against 21 % on average nationally.
The trend is even more interesting when we know that foreign investors pay a median $ 216,000 to purchase in Florida against $ 146,000 in the rest of the country and $ 187,000 median acquisition for locals prices. In addition, 84% of transactions are made in cash!
Florida actually has many interests. Zones developed Ultra tourism , Miami and Orlando are both extremely active centers with the main areas of activity.
Tourism of ” Entertainment ” is a mainstay of the Florida economy. Orlando has more than 65,000 employees in various departments of parks. In addition to providing a mild and pleasant climate , Florida has still interesting investment opportunities that follow the 2006 crisis and big discounts we have seen .
In addition , the U.S. government , specifically federal , causes to maintain this momentum by adapting facilities and services provided to the growing demand . The Orlando airport will be expanded to increase the carrying capacity and the annual flow of travelers. The potential addition of another and another parking and terminal processes to automate certain tasks that Orlando Airport aims to become a focal point of Florida to better serve the surrounding towns . Direct lines from Paris are also considered some European companies.
Finally, argument size , the price of a gallon of gasoline is at its lowest this year in Florida.