Here are just a few of the many reasons why:
-Rapid Real Estate Appreciation Rates. (Number 1 State in the US)
-Population Growth - Supply & Demand - Fastest Growing State in the US.
-Huge Pent up Demand for Affordable Housing.
-Affordable Prices. (relatively undervalued land - low construction costs)
-Baby Boomers Trends.
-Number 1 Retirement Destination.
-Year Round Fantastic Weather.
-1,200 to 1,800 miles of coast line. (some of the best beachs in the world)
-Number 1 Tourist destination.
-International Appeal.
-Tremendous Business Growth. (Pro-Growth Government)
-Landlord Friendly State.
-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, we believe it will last for quite some time and this is why:
Savvy real estate moguls are purchasing large parcels of land not for the purpose of quickly cashing in on this 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 be an increase 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 over the next 30 years, these large parcels of land will only 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 nations' net worth. As this group of the population makes up a huge percentage of our countrys' population, about