A family orientated city with lots of charm and great deals!

Orlando, the ‘City Beautiful’ is the third largest metropolitan area in Florida, after Miami-Ft. Lauderdale, Tampa-St. Pete. It is a city where the world comes to play. It houses the second largest university in Florida and has many high tech jobs. How will the area grow? We already know it is a great place to vacation, retire and work. Some planners think that we are going to see a mega region.

Perhaps along the same lines as the San-San metropolis in Southern California (San Francisco - San Diego) but Central Florida would be from Orlando to Tampa "Orlampa" maybe even linking up with Daytona… The Orlando metro area according to the 2004 Census estimates says that the area contains 1.8million people whilst the city of Orlando itself only has around 160,000. These figures are up from 2000 where the metro area contained only 1.6million people.

How will this effect Real Estate? well, supply and demand are fickle things however if the area is set to boom in akin to Southern California then we are probably in for some house price gains. The market already has signs that this could be on the cards, prices are stable in a national market with negative price corrections. What does this mean for someone considering the area for investment?

Well, right now it seems that the market is maturing even more so than before and it might be the best time to jump on the band wagon before any kind of price hike. Florida property does represent good value for money, especially for the British Buyer, with exchange rates for the £ Vs. $ at record highs then now could be the best time to buy that dream villa in the sun… after all, wouldn’t it be nice to be neighbors with Mickey Mouse?

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