Florida is the number one destination for foreign investors in US property, according to the National Association of Realtors.
The Sunshine State accounted for one in five of all overseas purchases in 2016, despite a growing number of headwinds, such as the strong dollar and relatively slower economic growth in other countries.
With housing supply falling, and house prices rising, investing in US real estate can be more expensive for overseas buyer. However, overseas interest remains high: in 2016, Florida accounted for 17 per cent of all enquiries for US real estate on TheMoveChannel.com. This is partly thanks to the area’s timeless lifestyle and tourist qualities, which mean that the state is attractive to both second home hunters and buy-to-let investors.
It is also thanks to the state’s property prices, which remain notably affordable, despite strong capital growth since the global financial crisis. In 2016, the median sales price of Florida homes rose 12.2 per cent, according to the Florida Association of Realtors, to $219,900. Miami prices, meanwhile, have risen for more than four years in a row, but remain at 2004 levels, and Tampa Bay saw its strongest price growth in years during 2016, but values remain 14 per cent below their 2006 peak.
From Orlando to Lake Austin, we handpick four properties that prove Florida’s foreign appeal hasn’t faded:
1. Lake Austin, Orange County – 2 to 3 Bed Apartment
Asking Price: From £215,698
Fully furnished condos in a lakefront resort only 5 minutes from Walt Disney World. With a 10 per cent rent assurance for 2 years, plus 2 weeks’ annual usage, who said happy ever afters don’t exist?
2. Orlando, Orange County – 3 Bed House
Asking Price: £166,110
If you’ve been wishing on a star for your own Disney vacation home, these townhouses in the West Lucaya Village Resort are the homes for you. 7 minutes from the House of Mouse, residents also benefit from the on-site leisure facilities which include a club house, heated swimming pool, Jacuzzi, Fitness Centre, and Wi-Fi throughout.
3. Orlando, Orange County – 3 Bed House
Asking Price: £287,435
Within half an hour of Walt Disney World, Universal, LEGO Land, great shopping outlets and more, Balmoral features 245 beautifully designed, spacious homes to give you the space you need to unwind, take advantage of the Florida sunshine and step out through your patio doors to your own private pool.
4. Orlando, Orange County – 5 to 10 Bed Villa
Asking Price: From $425,000
These super luxury homes in the Encore Club at Reunion Resort, Orlando, are exclusive units with 6 percent leaseback from our partners.
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