The USA is becoming more and more popular with international property investors, thanks to the diverse range of opportunities on offer across the country. Florida, in particular, is attracting a lot of attention from investors around the world as a source of all kinds of exciting opportunities.
Florida is more-or-less the standard US destination for beach holidays, and has one of the strongest tourist industries in the world today. It has a range of attractions which bring in countless tourists every year from all kinds of demographics. American and international tourists alike come to experience the combination of sunny weather, sandy beaches and warm, blue waters. Families across the world flock to experience Disney World, probably the single biggest tourist attraction in Florida.
It is no surprise, then, that perhaps some of the best and most profitable opportunities for property investment in Florida come from tourist developments. Buy-to-let villas, in particular, can be an extremely attractive investment opportunity.
Villas in a range of sizes are available for investment, and they often have attractive terms. Investors looking into this market will find affordable prices, as little as £21,000, 50/50 splitting of rental returns, guaranteed buyback and several weeks of the year set aside for personal usage. Buy-to-let villas in Florida also tend to bring in high returns, and thanks to the area’s thriving tourist industry they benefit from high demand meaning there is a very low risk of any prolonged vacancy. Luxury villas that are close to Disneyland, in particular, command high prices and experience extremely strong demand.
Florida’s tourist industry is already strong, yet it continues to grow. More and more visitors come to the state every year, and the accommodation and facilities available struggle to keep up with demand. Because of this, new developments are continually springing up to try and cater to the large numbers of tourists and to tap into the demand that the market has to offer. As a result, plots of undeveloped land can also prove a to be a profitable investment.
Vacant land plots in Florida benefit from very low prices – as little as US$11,000 (around £6,500). Such plots are ready for turning into all kinds of new developments to capitalize on the high demand that Florida experiences. With more than 1,000 US citizens moving into Florida every day, it is not only tourist developments but residential ones that can bring in excellent returns.
Of course, the growing population and flocks of tourists that can be found in Florida also feed the cash registers of local businesses. For this reason, commercial properties experience strong demand, with local businesses thriving on the tourist trade as well as on business from the locals. Commercial properties and developments, therefore, can also potentially prove profitable for investors. These opportunities are frequently overlooked or under-appreciated, but are now gaining more recognition as property markets continually diversify.