When it comes to real estate, Florida is gifted with some of the world’s most desirable residential areas; and none more so than Orlando.
A thriving tourism destination that attracts visitors, vacationers and investors from all over the globe, Orlando is a city that offers huge potential, particularly to those looking to make a mark in the real estate market.
There are many factors that make Orlando an ideal investment climate, but we’ve compiled a list of the ones we think matter most.
Booming Local Economy
Boasting a range of world-famous entertainment, hospitality and sporting venues, Orlando’s tourism is unrivalled and is a major contributor towards local economic growth.
Due to a highly favourable business tax environment, Orlando is home to a number of successful companies and large-scale enterprises that bring both job opportunities and ongoing investment to the area. An estimated 900 people move to Orlando every day, and as the population continues to grow, so does the demand for property.
A Highly Popular Area
Major tourist attractions such as Walt Disney World, SeaWorld and Universal Studios make Orlando one of the World’s most popular places to visit. In 2018, Orlando tourism officials announced that Orlando received a record-breaking 75million annual visitors – a 4.2% increase from 2017.
This, along with other milestones including a record number of international visitors and airline arrivals, now officially confirms Orlando as America’s most visited destination.
With this increase in visitors, comes an increase in real estate interest. Whether it be vacation homes, permanent residences, or investment property, Orlando is expected to continue to profit from rising levels of demand for visitor accommodation.
Significant Return on Investment
In terms of income potential, Orlando offers fantastic opportunities to prospective investors and homeowners. At a time where visitors to the city are at an all time high, there’s respectable revenue to be generated from homeowners who rent their properties out to vacationers.
More specifically, investors are beginning to realise the potential of resort properties. By investing in popular, professionally managed resort residences that have access to world-class amenities and hospitality services, investors are able to capitalise on the rise in demand for vacation homes and create a consistent, long-term revenue stream.
Resorts that are professionally managed, in particular, are built to cater to both leisure and group travel markets; providing an exclusive, personalised, premium resort experience that not only attracts a more affluent audience, but also encourages that audience to stay for longer. As a result, occupancy levels are likely to increase, meaning greater income potential for homeowners.
Significant Return on Investment
In terms of income potential, Orlando offers fantastic opportunities to prospective investors and homeowners. At a time where visitors to the city are at an all time high, there’s respectable revenue to be generated from homeowners who rent their properties out to vacationers.
More specifically, investors are beginning to realise the potential of resort properties. By investing in popular, professionally managed resort residences that have access to world-class amenities and hospitality services, investors are able to capitalise on the rise in demand for vacation homes and create a consistent, long-term revenue stream.
Resorts that are professionally managed, in particular, are built to cater to both leisure and group travel markets; providing an exclusive, personalised, premium resort experience that not only attracts a more affluent audience, but also encourages that audience to stay for longer. As a result, occupancy levels are likely to increase, meaning greater income potential for homeowners.
If becoming a vacation home owner sounds appealing, our licensed real estate agents are ready to discuss your options with you, wherever you live in the world.
