There are many housing markets across the country doing well now. Out of these Orlando in central Florida has been declared as the best city for real estate investment by none other than Forbes. This beautiful city is best known for its many theme parks that attract millions of tourists from around the world every year. Sunny weather conditions round the year, beautiful beaches, and availability of all modern amenities make Orlando a great destination for investors.
Stats tell the real story
Property prices in Orlando registered an impressive 9% increase in 2017. Median home prices in Orlando have now reached a level of $247550 which is higher than the national average. However, experts say that these prices have the potential to increase by a whopping 35% in just two years time. This means you can expect a great return on investment if you buy a vacation home in Orlando. Not only can you start to earn a rental income from your property, but you can also expect its price to appreciate at a brisk pace in quick time. Population boom and a steady job growth scene (7%) are said to be behind this booming housing market in Orlando.
Orlando leads the nation in real estate investment
It may be surprising for some people to know that Orlando was at one point of time leading the nation in terms of numbers of foreclosures. The same Orlando is today leading the nation in terms of housing boom and great returns on real estate investment. While tourism is the most important factor in the revival of Orlando economy, tech industry is also growing at a fast pace in this city of Florida in recent times.
It is a perfect time to buy a home in Orlando
Orlando attracts a huge number of tourists coming from all parts of the world. Their main attractions are the theme parks including Disney World and Universal Park. There is a great demand for housing in Orlando that you can take advantage of by buying a home in and around Orlando. There are many Orlando house for sell that you can see and buy one that is perfect according to your requirements.
Buy a house in Orlando becomes easy for you when you have a reliable and experienced realtor by your side. Antonio Raymundo, realtor of Century 21 is a realty company that can help in realizing your dream of real estate investment in Orlando.