Known for dictating global economic trends, the prestigious magazine Forbes published an article with cities where to invest in real estate purchase in 2015. As we expected, Orlando joined the list of places with the greatest economic potential in the United States for real estate. The land of Mickey Mouse occupies one of the first places in the real estate for investments, ranking next to Houston and Austin, the Texas and Provo in Utah.
In the matter, the magazine cites the growth in the rate of employment, increasing the local population, the average price of properties and whether it is worth the investment, based on the decline or increase of residential prices, the quality of real estate, etc . The average price of a house in Orlando, for example, is US $ 187,568 currently, according to the magazine – a drop of 13% in the values of the past. However, the local valuation is about 9% per year, a very positive number for those wishing to invest in real estate in the region.
“The improvements in development and investments being made in our city make Orlando really become the focus of investors in various segments. We believe that the future, real estate near Disney will be even more valued and this is the time for anyone thinking of investing your money safely and want to buy season home abroad, “explains Ricardo Molina, CEO of Talent Realtors.
Recently, several respected economists shared their ideas about Florida’s future business and the local real estate market in Florida Realtors Economic Summit 2015 last January 21. In the conference held at the hotel Renaissance Orlando at SeaWorld, experts anticipate positive trends for 2015. According to the Economist Dr. John Tuccillo, “Florida’s economy is generating a significant number of jobs, immigration is strong and the market real estate will benefit from this. The Florida Realtors expects home sales to increase about 10% in 2015 “.
“Both the economy and the housing market will benefit from low gas prices, which should remain stable until the first half of this year,” adds John. “This will yield significant savings to consumers, but will also allow sales of more houses far from urban centers, where property prices are lower. In addition, the economy of Florida will benefit from the expansion of the Panama Canal, which will bring a new trade and employment opportunities to Florida, and with numerous transport expansion projects that are underway throughout the state” he adds.