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Rapid Real Estate Appreciation Rates. (#1 State in the US)
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Population Growth + Supply & Demand = Fastest Growing State in the US.
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Huge Pent up Demand for Affordable Housing in Florida.
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Affordable Prices. (Relatively undervalued land - Low construction costs)
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Number 1 Retirement Destination.
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Year Round Fantastic Weather.
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1,200 to 1,800 miles of coast line. (With some of the best beaches in the world)
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#1 Tourist destination.
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International Appeal.
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Tremendous Business Growth. (Pro-Growth Government)
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Landlord Friendly State.
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No State Income Tax.
Florida's Real Estate Investment Market
Will the rising prices in the Florida real estate market continue, or will this bubble burst? During a time that has seen the largest piece of land being purchased in Florida since 1965 (which, by the way, was when Walt Disney bought 30,000 acres in what is now Orlando), most real estate investors are wondering how much longer the trend will continue. We are happy to say with conviction, that we believe it will last for quite some time, and here is why:
Savvy real estate moguls are purchasing large parcels of land and it is not for the purpose of quickly cashing in on the booming market through the development of new homes and communities. What these developers have realized is that the expected growth in population for the state of Florida is estimated to increase at a rate of 35,000 new residents per month, with the trend estimated to continue for at least the next 30 years. As the population continues to grow at such a significant rate over the next 30 years, these large parcels of land will only continue to go up in value.
What makes this population growth even more impressive is that it is no longer low income retirees coming to Florida, but wealthy individuals looking to retire in the sunshine state (300 days a year of sun). As the first wave of
baby boomers reach retirement age, we are seeing that they possess 70% of the nation's net worth. One half of the Baby Boomers, which makes up a huge percentage of our country's population, have no intent on staying in their current location, but are looking to live in places with a high level of "lifestyle" and warmer weather.
With this increase in money coming into Florida with the
boomers, business opportunities and job growth won't be far behind. With this we see an increase in the numbers of 20 to 40 years olds looking to take advantage of this growth and the accompanying demand for new goods and services.
One of the best ways to take advantage of this continued growth in Florida as a real estate investor is
pre-construction Investing. By locating a
preconstruction investment project in an area that is in high demand, or is projected to be in demand within the next couple of years, you will have the opportunity to profit on the appreciation of your investment before it is even completed! Plus with the estimated growth over the next 30 years, this is not a limited time opportunity, but one that should last for at least the next 15 years.
Florida Median Home Sales Price Grows by 27%
Florida Sales Report December 2005
Existing Single Family Homes
