1. Housing Market
Orlando’s housing market is one of the hottest in the country. Property gains for 2017 averaged 5.7%, and projections for 2018 are similarly exciting. This, coupled with a relatively low cost of living, promises investors ample returns.
One of the most important reasons to buy real estate in Orlando is that the city economy is booming. With a growing job sector and rising wages, buying a property in Orlando has never been a safer bet.
3. Population Growth
Orlando’s population is expanding rapidly. In fact, population growth in Orlando is twice the national average, with 350,000 new residents forecasted to arrive by 2020. Set against a relatively low supply of homes, this growth ensures home values will continue to rise for the foreseeable future.
Orlando’s world-famous theme parks lure over 60 million visitors every year, and with new attractions being added all the time, the so-called Tourist Capital of the World” is in no immediate danger of losing its title. We specialize in short-term vacation rentals, helping you harness the magic of Orlando’s tourism industry.
5. Orlando International Airport
Just last year, the Orlando International Airport funneled 38 million travellers through its gates. This year, with a billion dollar expansion in the works that includes a train depot and a new international terminal, that number is expected to reach 44 million.
6. Great Schools
Orlando has plenty of attributes that make it a great place to raise a family, not the least of which is an abundance of well-rated schools. In particular, the Dr. Phillips and Windermere school zones house some of the best public schools in the country.
The Orlando Convention Center, the second largest convention center in the country, hosts an average of 1 million attendants every year. Additionally, many of Orlando’s large-scale resorts house convention halls, adding to Orlando’s growing popularity as a convention destination.
They don’t call Florida the “Sunshine State” for nothing! Orlando enjoys the best of Florida’s subtropical climate, with the perennial balmy weather keeping the tourists coming all year round, and the relative stability of weather conditions taking a minimal toll on structures, and thus, on values.
Central Florida has more than just theme parks to draw visitors. From its chain of lakes, to its springs, to its old-growth oaks, Orlando is teeming with natural beauty. Add to this a strict adherence to conservation regulations and plenty of natural recreation sites, and it’s easy to see why Central Florida is considered an outdoorsman’s paradise.
If the theme parks and natural beauty ever stop bringing in visitors, and they surely won’t, Orlando’s world-class shopping alone would be enough to sustain its economy. With a wealth of thriving shopping malls, including elegant Euro-style outdoor centers like Waterford Lakes and Old Town, world-famous outlets, and a veritable bacchanalia of bars and small entertainment venues, there’s always something to do in the city and these are the reasons to buy real estate in Orlando.
As you can see, the reasons to buy real estate in Orlando are many. Whatever your reasons, we at the Authentic Real Estate Team have the area expertise and local market insight to make your dreams of Orlando homeownership a reality.