Florida Real Estate, Tourism and Immigration News

This publicity, often doesn’t cover all the facts and unnecessarily turns buyers off of their dream home in Florida. The Daily Mail may talk of price crashes and cracks in the US economy, all that has really occurred is a price correction and slowed price growth. After all this is what has happened in the UK so why not the US? The UK has had its run away Housing Market which has slowed to a comfortable growth rate in single figures in most areas, so the US can have the same. There are of course some exceptions but in the case of Central Florida things are looking up.

Things are still bright and sunny in the Sunshine State, the Floridian economy is booming at is is set to become the third most populous state in the Union. (overtaking New York State which is currently behind Texas with California up front) Florida has good job creation through R&D and High-Tech industries setting up shop right here in Central Florida. It has some of the best Universities and community colleges in the country and has over 300 days of sunshine a year! What other locations can boast all that? After all the Orlando area has 50 million visitors a year and growing.

The Orlando Visitors Bureau lists 207 things to do in the area in 2007 Click here to view it. This list shows how much the area has to offer.

Florida property represents good value for money with good potential for capital growth in the coming years (it has been said that Florida is the California of 10 years ago) coupled with a good Rental Market. After all, Walt Disney World, which supports the local economy by $20 billion and is the areas biggest attraction, is unlikely to go bust.

All in all, now in the present buyers market, where prices in the Orlando area are stable and overall increasing, supply is plentiful, it might just be the best time in years to buy Florida property.

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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?