The future looks very bright for Southwest Florida property this year. The economy in this corner of the Sunshine State is enjoying a boom and as a result, the property market is also seeing a surge in sales and prices.
The latest Chief Executive magazine survey places Texas and Florida at the top of the best states for doing business in the US. This is the 12th year in a row that the two states take the accolade, and the survey finds that Florida – currently in second place – is closing the gap on Texas as this BRIC Group news article explains.
The 20 fastest growing cities in the US are mostly in Florida and California, according to data released by Forbes. Although neither state takes the top position, both bring four metropolitan statistical areas to the listing. In a separate survey, The Villages in Florida ranks yet again as the nation’s fastest growing city in terms of population growth. This latest BRIC Group article has the details.
Florida tourism continues to break its own records. After a hugely successful year in 2014, the state smashed all previous highs in 2015. Last year, Florida received 105 million tourists and tourism indicators across the board registered their best ever. Florida airports also posted record results. And the good news is that, as this latest BRIC Group article explains, more of the same is expected in 2016.
A recent opinion poll finds that Florida is the state most Americans would like to live in. The Sunshine State tops the survey across almost all generations and two Florida cities also make the nation’s top 10 preferred cities.
June figures for property in Florida show more sales, higher prices and lower supply as the Sunshine State continues to attract new residents. The market for single family homes in Florida is particularly buoyant with two-digit price rises and booming sales.
Buy-to-let properties in the US continue to provide excellent returns for investors with the highest growth in rent for six years. Among the areas in the US showing the highest returns are three Florida cities with Orlando rentals seeing the biggest rise nationally.
Florida has always appealed as a place to live. Its year-round sunshine, stunning beaches and endless tourist attractions are legend. In addition, plentiful job opportunities and a stable, affordable property market make Florida one of the most sought-after relocation destinations in the world.
Florida tourism figures continue to reach historic highs – the Sunshine State received 97.3 million visitors in 2014. All figures for last year show increases and this avalanche of record numbers is excellent news for two key markets in Florida – property and employment.