INVESTMENT IN ORLANDO, AN EXCELLENT OPPORTUNITY

08 Sep 2021 by Martha Leighton

Although Florida has always been one of the favorite places for Latin Americans not only as a tourist destination but also as an option to diversify their portfolio in dollars, it has now become more relevant for those looking for a safe investment, low risk and with high profitability rates.

And what makes it more attractive now? One of the main reasons is that in the face of the global recession caused by the Covid-19 health crisis, the US government was forced to take decisive actions to boost its economy, maintain employment and generate new growth opportunities.

Thus, it opted, among other measures, to inject capital into small and medium-sized companies, helping to maintain employment, and to lower interbank rates to almost 0%, making interest rates and mortgage loans at their lowest ever – almost 3% EA- which facilitated an explosion in its real estate market, in which properties in central and southern Florida have taken a special role.

Why decide to make a real estate investment in Orlando?

Florida has one of the lowest prices per square feet in the country (close to $ 204.39 per sq ft); in this state, unlike others, there is no state tax, which allows savings of 15% in the payment of income tax; it is one of the strongest economies in the world; the government invests in large infrastructure works; the laws that protect the investor; simple and fast procedures, cities with great development,

The Orlando area is extremely interesting for those who want to invest in the United States, being able to count on a prosperous economy and a high number of tourists – more or less 70 million a year – who come in particular for the different theme parks present, such as Disney World and SeaWorld Orlando, which have earned the city the title of “Amusement Park Capital of the World,” and in fact Orlando has the 4 most visited water parks in the US, and 7 of the 10 parks the most visited theme parks in all of North America, in addition to the myriad of attractions and shopping centers in and around the city.

Additionally, Orlando has a cost of living ratio of 95%. This value is 4% lower than the state average and 5% lower than the national average (AreaVibes, 2019). Real estate in Orlando continues to appreciate and the real estate market is constantly growing. Its stability, added to the convenient location, make it a good option to buy apartments or houses in this city.

Sources:

com: https://www.eltiempo.com/contenido-comercial/la-florida-un-destino-muy-tentador-para-invertir-574441
com: https://www.opisas.com/spa/Inversion_en_Orlando_Invertir_en_EE_UU-p820
com: https://miami.pfsrealty.com/apartamentos-en-orlando-las-mejores-zonas-para-invertir/

Martha Leighton

I have lived in the Greater Orlando area since 2003 and have an in-depth knowledge of the Central Florida area. I grew up in Colombia I realized that real estate was my passion. I currently live in Orlando with my husband and my dog. I have been through the ups and downs of the Florida real estate market! Through our ever changing market, I continuously stay informed on the current market conditions and work with my clients through every step of the home-buying/selling process to provide exceptional service. I know communication is crucial for a smooth transaction and a satisfied client. I will answer your questions and requests in a timely manner. I truly care about my clients. I understand that buying a home is one of the biggest decisions that you will make.