With a new year comes new reasons to invest. Whether you’re looking for a new vacation home or you’re looking to invest in a Floridian property, there is a vast range of opportunities awaiting you.
There’s never been a bad time to invest in the Sunshine State. With its strong economy, low unemployment rate and growing population, it has long been a favourite of US investors and retirees.
The same factors, coupled with the great climate and the state’s tourist draw, also attract foreign investment. And, with family homes rising in value by an average of 4.6% in Q2 2019, the signs are this year will be no different.
So, if you’re a savvy investor looking to find the ideal neighbourhood or perfect city, Alistair Brown International Real Estate are here to help. Combining Alistair’s 30 plus years of experience in the field with our in-depth knowledge of Florida real estate, we’ve compiled a list of the best places to buy real property in the state.
1. Orlando
Naturally, at the top of our list is Orlando, one of the best places in Florida to buy both real estate and rental property. There are many reasons it proves so popular.
- Located in Florida’s “Sun Belt Region”, the climate is wonderful Orlando has a selection of beautiful beaches
- It is home to world-famous amusement parks, such as Disney World
- The area has reasonable living costs
- House prices rose 3.3% y-o-y in Q2 2019
Orlando has a population of over 2.5 million and a vibrant tourist economy, with many young people and students in the area. This makes it a fantastic community in which either to raise a family or to provide potential tenants for your investment property.
If you’re looking to take advantage of one of the most popular cities in America, ensure you browse our range of Florida investment properties in Orlando. For example, the likes of SPECTRUM+ at Reunion Resort is conveniently located near key tourist attractions, so investors can expect to enjoy significant returns on their investment.
2. Tampa
Perhaps one of the most dynamic cities in Florida, Tampa provides investors with plenty of choice and opportunity. The local economy is worth well over $130 billion each year and, better yet, it has also been ranked as one of the top 20 fastest-growing cities in the U.S. due to a strong focus placed on job growth and development.
There is a range of benefits that make investing in Tampa worthwhile. For example:
- It is home to 4 Fortune 500 companies
- There is still a fantastic tourism market in Tampa
- Tampa is full of diversity with a population of over 4 million
- There are plenty of rental opportunities
With areas in Tampa where investors can find stunning properties for generous prices, research shows that investors can rent quickly them out for between $1,075 to $1,400, which is well above the national median.
So, with so much potential and property prices rising 2.5% in 2019, why wouldn’t you invest in Tampa?
3. Kissimmee
The small neighbour of Orlando to the south is Kissimmee, which is proving to be one of the best places to buy real estate in Florida, with average price rises of 5.1% in 2019.
It’s an easy commute from Orlando and all of its attractions and benefits from an easy-going, Floridian vibe that makes it an incredibly popular choice for families and long-term tenants.
The population of Kissimmee rose by more than 23% between 2018 and 2019, but why is it seeing such impressive growth and expansion? Perhaps it’s because:
- It is a great spot to buy, renovate and sell homes
- It is near to popular tourist destinations and amusement parks
- Kissimmee has an affordable cost of living in a key location in Florida
If you’re on a mission to find the perfect investment property in Kissimmee, we recommend you take a look at Margaritaville Resort. Complete with modern interiors and a laid back feel, it perfectly captures the essence of Florida.
4. Jacksonville
With more and more people flocking to this zip code every year, there’s little surprise that Jacksonville is one of the best cities to invest in Florida in 2020 and beyond. There are many reasons for its growing popularity, the main ones being:
- The region has a world-class healthcare system and a growing bioscience community
- A typical 3 bedroom home can rent for 15% more than the national average
- Jacksonville is ranked #3 for the best cities in the U.S. for jobs
- Property prices rose by a solid 2% in 2019
Jacksonville is certainly an attractive area for investors looking to capitalise on the population expansion, job growth and opportunities, as well as the overall affordability of the area.
5. Tallahassee
Last on our list is Tallahassee. Research shows that investing in Florida’s state capital may give investors a nice boost to their monthly income. One of the main reasons for this is the low rate of unemployment in the city.
Some other benefits of investing in Tallahassee include:
- 2.1% 2019 price rise predicted to go up to 2.3% in 2020
- The median rent per month is around $1,150
- The real estate market is affordable, especially for the properties you can get
- Comparatively low locals taxes Beautiful state parks and wildlife
Demand for Tallahassee property is projected to increase into 2020, providing investors with plenty of opportunities to target business people, families and even tourists looking to enter into short-term rental agreements.
Are you ready to Invest in Florida in 2020?
2020 is an attractive time to invest in Florida real estate, with these 5 cities showing real potential for investors. Alistair Brown International Real Estate are on hand to help you find the perfect Florida investment properties.
Simply get in touch with the team by emailing us on info@abire.co.uk or, alternatively, you can give us a call on 0141 483 8484 to discuss your investment journey.
Our dedicated and experienced team will offer you genuine advice to ensure you make an informed decision on your investment property.
