Coming to Orlando this Summer?

Brand New Home Example

If you are visiting Orlando this Summer and considering buying a vacation, rental or second home here, here is a idea of cost, location and home size for around £220,000.

This is a residential community located in a popular area of Orlando, with homes ranging from 1,966 square feet to 3,600 square feet.

Abundant shopping, dining and entertainment can be found in the many shopping venues around the neighborhood with convenient access to SR 408, SR 417 and the Beachline.

Resale homes, with a pool (and normally fully furnished) start at around £180,000.

Want to find out more about new or resale homes in the Orlando area? Please contact us below.

A record 72M tourists visited Orlando in 2017!

It bested the previous record of 68 million people who traveled to Florida in 2016, making Orlando the first U.S. city to surpass the 70 million threshold for tourists. Visiting Orlando this summer? – See below for theme park updates.

Orlando Real Estate Prices

Metro Orlando home values rose 10.1 percent during the last 12 months to reach a midpoint price of $223,700 – thinking of buying a home here? – Contact us below.

Visiting Orlando This Summer? – Here’s what’s Happening Around Town

New at Walt Disney World Resort
Pandora – The World of Avatar: Having opened in May 2017, this amazing expansion to Disney’s Animal Kingdom is inspired by James Cameron’s groundbreaking Avatar motion picture and its forthcoming sequels. Home to the Avatar Flight of Passage and Na’vi River Journey attractions, the new land also features themed dining and shopping, floating mountains, bioluminescent rainforests and after-dark entertainment.

Miss Adventure Falls: The newest ride at Disney’s Typhoon Lagoon Water Park is also one of the longest at Disney’s parks. Once aboard this family-style raft adventure, you’ll be taken to the highest peaks before plunging into white-water excitement.

Star Wars Guided Tour: Head to Disney’s Hollywood Studios for this new, all-access tour, which includes the “Star Wars: A Galaxy Far, Far Away” and “March of the First Order” productions. You’ll also be able to enjoy a nighttime fireworks spectacular, themed dining experiences, character meet-and-greets and more.

Happily Ever After: This new, nighttime spectacular at Disney’s Magic Kingdom combines the magic of Disney storytelling, beloved Disney characters and fireworks. It features moments from such hits as Aladdin, Moana, Zootopia and others.

Coming Soon to Walt Disney World Resort
Toy Story Land: Scheduled to open on June 30, 2018, this new land at Disney’s Hollywood Studios will make you feel as if you’ve been shrunk to the size of a toy and turned loose in Andy’s backyard. New attractions will also be part of the fun, including Alien Swirling Saucers, Slinky Dog Dash and Toy Story Mania. And when you’re ready for a bite to eat, Woody’s Lunchbox will be serving Toy Story-themed eats and treats.

New at Universal Orlando Resort
Universal’s Volcano Bay Water Park: Splash into thrilling adventures and blissful relaxation at Orlando’s newest water park, which features the 200-foot-tall Krakatau volcano as its centerpiece. Inside, enjoy wild adventures on slides, water coasters and rapid rides, as well as tropical getaways on peaceful Waturi Beach and the Kopiko Wai Winding River. Plus, the all-new TapuTapu wearable technology means you’ll never have to wait in long lines for the attractions.

Race Through New York Starring Jimmy Fallon: The star of NBC’s The Tonight Show has arrived at Universal Studios Florida! Join him for the ultimate ride through New York City’s deepest subway tunnels and tallest skyscrapers. After the fun, stock up on themed merchandise at The Tonight Shop.

Coming Soon to Universal Orlando Resort
Fast & Furious – Supercharged: Get ready for the ultimate thrill ride at Universal Studios Florida when this fast-paced adventure debuts this spring. Based on the blockbuster movies, the attraction will feature an original Fast & Furious story starring “the Family,” their iconic rides – and you.

New Nighttime Lagoon Show: While details are still forthcoming, Universal Studios Florida will unveil a new, nighttime lagoon show in summer 2018. Enhanced with lighting and special effects, the production will feature animated characters from Universal attraction properties.

New at SeaWorld Orlando
Kraken Unleashed: In 2017, the former Kraken roller coaster got a virtual-reality (VR) makeover, transforming into this thrilling new adventure at SeaWorld Orlando. After strapping on a high-tech VR headset, you’ll embark on a deep-sea mission alongside legendary and extinct creatures from the past – including the featured monster.

Dolphin Nursery: This unique attraction at SeaWorld Orlando has always been one of the park’s most popular, especially among children, and it got a major upgrade in 2017. Enhancements include bigger windows and more viewing levels, which makes it easier than ever to get up close and personal with mother and baby dolphins.

Coming Soon to SeaWorld Orlando
Ray Rush: Scheduled to open at Aquatica, SeaWorld’s Waterpark, in spring 2018, this attraction will give you three ways to slide, splash and soar on a wild water adventure. The ride’s features will include water jets, dives and a colossal water sphere.

Infinity Falls: SeaWorld Orlando’s most pulse-pounding experience yet will send you via raft on a jungle river journey featuring fountains, waterfalls and the remains of a lost civilization. It will also boast the tallest drop of its kind. Look for the ride to open in summer 2018.

New at LEGOLAND Florida Resort
LEGO Ninjago World: The newest land at LEGOLAND Florida Resort opened in January 2017. It features LEGO Ninjago The Ride, in which guests dispatch foes with fireballs, ice and lightning courtesy of the attraction’s innovative hand-gesture technology.

The Great LEGO Race: Brick-lovers, start your engines! The first-ever virtual-reality (VR) roller coaster designed just for kids debuted at LEGOLAND Florida Resort in March. It also marks the first time the LEGO brand and mini-figure characters have been integrated with VR technology in a theme park attraction.

Coming Soon to LEGOLAND Florida Resort
LEGO Star Wars: The Force Awakens MiniLand Display: Coming later in 2018 to LEGOLAND Florida Resort, this massive display will use thousands of LEGO bricks, lights, sound effects and animation to re-create key scenes from the hit film, including memorable moments with Rey, Finn, Poe, Kylo Ren and BB-8. It joins other displays based on previous Star Wars films.

New Around Orlando
Andretti Indoor Karting & Games: Part of Orlando’s International Drive entertainment, dining and shopping district, and adjacent to the Orange County Convention Center, this indoor go-kart facility is spearheaded by racing legend Mario Andretti. You can also enjoy boutique bowling, indoor zip-lining, racing simulators and arcade games, laser tag, and rock-climbing, plus a wealth of gourmet food and beverage choices.

iFly Orlando: You can get all of the thrills of skydiving without jumping out of an airplane at this attraction, conveniently located on International Drive. What’s more, guests as young as 3 can float safely thanks to the wall-to-wall cushion of air created by iFly’s vertical wind tunnel.
Learn more: Discount Tickets to iFly Indoor Skydiving

Stompin’ Gator Off-Road Adventure: The December 2017 debut of this new, separate-ticketed ride marked the completion of a $2.2 million expansion at Gatorland. After boarding one of the custom-made, 12-foot-tall, off-road ride vehicles, you’ll careen through a hilariously high-octane adventure filled with crazy characters, gorgeous Florida countryside – and of course, gators.

Topgolf Orlando: Located in the International Drive area near the Orange County Convention Center, Topgolf can be enjoyed by professional golfers and complete novices alike. The reason being, the venue offers an innovative game that combines traditional golf with a scoring system similar to darts. The facility has 102 climate-controlled driving bays, which can host up to six players each and use advanced technology to track shots. Topgolf also has 230 HDTVs and a chef-driven food and beverage menu.

Attractions Coming Soon to Orlando
StarFlyer: Scheduled to open in 2018 on International Drive, this swing ride will take you 450 feet in the air – 50 feet higher than the neighboring ICON Orlando – before bringing you back to earth for an incredible adrenaline rush.

Enjoy and Have a great Summer!

Orlando Real Estate News 2018

According to the Orlando Regional REALTOR® Association, Orlando’s overall median home sales increased 10.3% compared to this time last year.

Single family homes median price increased 9% and condos increased 20%.

Overall inventory declined by 11% with single family home inventory down 7% and condos down 25%.

Currently there is a 2.31 month supply of inventory available.

Rents also are rising in Orlando, Zillow said, noting a 3.5 percent increase since April 2017 to a median figure of $1,448 monthly for long term lets.

EMAIL US FOR MORE INFORMATION ON HOMES IN ORLANDO

With over 20,000 investment homes to choose from, the British Homes Group can help you find the perfect home for you. For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

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Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

British Homes Group in Landlord Investor Magazine

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ORLANDO RECORDS FASTEST GROWING POPULATION IN THE US
AS INVESTORS LOOK TO THE SUNSHINE STATE

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Orlando is number one destination for population growth, welcoming over 60,400 new residents in 12 months (US Census Bureau)

FOLLOWING IN THE FOOTSTEPS OF ITS MOST FAMOUS RESIDENT, MICKEY MOUSE, THE US CITY OF ORLANDO IS CONTINUING TO ATTRACT A SIGNIFICANT NUMBER OF NEW INHABITANTS.

CLICK TO READ THE MAGAZINE

According to the most recent figures released by the US Census Bureau, Orlando is the number one destination for population growth, adding over 60,400 new residents in just 12 months (July 2014 to July 2015).

This substantial increase accounted for a 2.6% growth in Orlando’s total population during the 12 month period, making it the fastest growing of the US’s 30 largest regions. Orlando’s rising population ensured that it was also named in Forbes.com’s prestigious list of America’s fastest growing cities.

Compiled by ranking the 100 largest metro areas and their surrounding suburbs, they factor in population growth for 2015 and 2016, year-over-year job growth for 2015, the metro’s economic growth rate, unemployment, and median annual pay for college-educated workers in the area.

Currently ranked 7th, with a substantial projected growth rate of 2.03% for 2016, Orlando is definitely a city to watch this year. With a rising population comes growing housing demand, and savvy international investors are increasingly looking to Orlando and the Sunshine State of Florida as a safe and secure destination, with a wealth of opportunities.


In 2015 Orlando greeted over 66 million tourists,  (Florida over 100 Million!) a 5.4% growth in comparison to 2014

As well as experiencing strong population growth, Orlando has also witnessed a surge of tourism in recent years, adding to its already strong position as a hub of real estate investment.

2015 saw Florida become the first state to ever welcome more than 100 million out-of-state and international tourists, with over 105 million people visiting the Sunshine State throughout the year. Will Seccombe, President and Chief Executive Officer of Visit Florida, the state’s tourism authority, emphasised Orlando’s part in this record breaking achievement, explaining,

“Orlando is the most visited destination in the United States. It’s the most visited city, and certainly the home of the theme park capital of the world, right? No place else on earth can compare to that.”

The city itself attained a new tourism record in 2015 as ‘The City Beautiful’ welcomed over 66 million tourists. George Aguel, President and Chief Executive Officer of Visit Orlando, the region’s tourism arm, recently revealed 2015’s 5.4% growth, which comes just a year after Orlando became the first US destination to surpass 60 million visitors.

Orlando was America’s number one employment centre for job growth in 2015 (Labour Market Data)

Read the full article on our Buy To Let Homes site.

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With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

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Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

Orlando area Distressed Sales

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Some numbers from the ORLANDO BUSINESS JOURNAL on distressed property sales in the Orlando area.

Distressed sales continued to decrease in February, according to a new report from CoreLogic.

Orlando, Kissimmee and Sanford had the largest year-over-year drop in its distressed sales.

In January, our share of distressed sales was at 19.8 percent, so the latest data shows a pretty good decrease for the region. In fact, Orlando-Kissimmee-Sanford had the largest year-over-year drop in its distressed sales share, declining by 5.3 percentage points from 24.3 percent in February 2015 to 19.1 percent in February 2016.

Bills Bit

More good news for Orlando villa owners!

But remember the difference between “Price” and “Value”:

“Value” factors-in QUALITY!

Best!

Bill

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With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

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Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

 

Orlando home prices up 5 percent

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Orlando home prices pushed up 5 percent in March from February.

The median home price for the core Orlando market was $195,000 in March. During the last year, prices jumped 10 percent and wages grew about 1 percent, according to a new report by Orlando Regional Realtor Association.

For Orlando buyers in March, the bad news was that prices hiked and for-sale signs disappeared.

Since last summer, buyers have chipped away at Central Florida’s inventory of homes on the market.

Since the beginning of the year, the supply has dwindled from 5 months to just 3.5 months – almost half of the 6-month supply that marks a balanced market.

Houses lasted 70 days on the market before landing a contract, down from 80 days a year ago.

Final sales prices were just 97.1 percent of the asking price.

With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

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Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

Investment Sales Jump in the US

According to a new annual survey by the National Association of Realtors, vacation home sales in the U.S. cooled off in 2015 but remained at the second highest amount in nearly a decade, while investment purchases increased for the first time in five years.

Mirroring the strong price growth seen throughout the U.S., the median sales price of both vacation and investment homes surged in 2015.

NAR’s 2016 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2015, found that vacation-home sales last year declined to an estimated 920,000, down 18.5 percent from their most recent peak level of 1.13 million in 2014.

Investment-home sales in 2015 jumped 7.0 percent to an estimated 1.09 million from 1.02 million in 2014. Owner-occupied purchases jumped 15.9 percent to 3.74 million last year from 3.23 million in 2014 – the highest level since 2007 (3.93 million). Sales estimates are based on a national online survey including responses from over 2,000 U.S. adults who purchased a residential property in 2015, and exclude institutional investment activity.

Looking for an investment property in the Orlando area? Read our article in Landlord Investor Magazine.

Lawrence Yun, NAR chief economist, says vacation sales took a sizeable step back in 2015, but still came in at the second highest amount since 2006.

Read more at: World Property Journal

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Overseas Property Owners Unsure of Brexit Impact

According to a recent A Place in the Sun review 90% of Overseas Property Owners Unsure of Brexit Impact

  • 90% of UK overseas property owners admit they are unsure how a Brexit will affect their overseas property
  • 4 in 10 (42%) admit to having concerns about their overseas property purchase
  • 7 in 10 said that leaving the EU would not prevent or postpone them from buying an overseas property

British overseas property owners admit they are not aware of how Britain leaving the EU will affect their current property purchase, according to new research undertaken on the announcement of the referendum date.

Currently, 2.2 million Brits live within the EU, outside of the UK, with a further 1 million owning a holiday home. Property investment overseas has seen a resurgence in the last two years, helped by a stronger pound and better value property.

More than 70% of Brits saying that Britain leaving the EU would not prevent or even postpone any future purchases.

Recent research revealed that three quarters of Brits would choose to buy a property abroad for a better way of life, 70% citing warmer climates. 26% admitted that they felt that they would be in a better financial position by owning a property abroad, with 27% admitting that they would be enticed by thoughts of a nicer property.

Holiday Home Owners

The EU could require UK citizens to apply for a visa in order to visit a country within the EU, which for holiday home owners would mean more intrusive questions about how long you were going to stay, your income and health cover.

Property Ownership

The main area of contention is how property inheritance and taxation laws would apply; at the moment the rules treat EU and non-EU citizens differently.

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Buyers who purchased a house in Orange, Seminole, Osceola or Lake counties

Metro Orlando’s housing market outperformed Florida’s in January for both price increases and sales volume, a new report shows.

Buyers who purchased a house in Orange, Seminole, Osceola or Lake counties during January paid a midpoint price of $202,000, which was about $3,000 higher than the median price across the state.

Central Florida’s year-over-year price gains surpassed the state’s 13 percent price growth during the last year.

Orlando had about 2,000 sales of single-family homes in January, which was up 4.3 percent from January 2015.

Near the four-county Orlando area, the metro areas for Polk, Volusia and Brevard counties all experienced larger year-over-year price gains than the state in January. The midpoint price for both Polk and Volusia last month was $150,000 and that was up at least 15 percent from the beginning of last year. And Brevard County’s median sales price of $168,038 in January increased more than 17 percent during that time.

The double-digit growth in house prices from a year ago trickled over to Florida’s condominium market. Condo prices throughout the state increased 11 percent during the year-long period and hit a midpoint of $152,000. In Orlando, prices for those multi-family-style units increased 18 percent during the year to reach a median of $112,000 – more than double what they were about five years ago.

The inventory of houses throughout Florida shrunk from a supply of 5.9 months in January 2015 to just 4.5 months of supply last month. More good news for Orlando Villa and Condominium Owners!

Best!

Bill Cowie
Director, British Homes Group, Florida

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