A report released at the end of September reveals the best places to buy investment property in the US. Tampa and Orlando, two of the most popular places to buy property in Florida, come out top, ticking all the boxes.
Orlando and Tampa property counted among the top ten best investment opportunities in the US in the first quarter of this year. The two Florida cities ranked in fourth and ninth places on the back of high population growth and strong employment creation, as this latest BRIC Group news article explains.
Florida continues to dominate US foreclosure listings, topping the rankings for both activity and number of properties. However, improved conditions in the Florida property market are starting to make their mark on foreclosures where properties are no longer well below market price or as plentiful.
Figures for tourism in Florida continue to smash records all round. Visitors for the first quarter this year were the highest for a three-month period ever; Orlando set a historic high for metro areas in America; and revised statistics for last year, show that those on holiday in Florida were nearer the 100 million mark than originally calculated.
A recent survey ranks several locations in Florida as the best in the US for property investment. The reports highlights property in Jacksonville, Orlando and Tampa as especially attractive for the passive investor, particularly those building a rental property portfolio.
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.
Just 12 per cent of the US population live in apartments, but recent research on this market shows that its impact on the economy is far more wide-reaching than envisaged. The pressure on supply from strong demand also makes apartments one of the most attractive US property options, particularly as buy-to-let investments.
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.