Investors who have invested in to Orlando and surrounding counties should be delighted with the news that Walt Disney World and Universal Studios resorts are “ploughing millions of dollars into huge expansion projects” at their base in Orlando, which has just become the first-ever US city to surpass 50 million visitors a year.
In 2010, the city of Orlando attracted 51.5 million visitors, well ahead of New York’s 48.7 million and number two spot. Although New York went on to break the 50 million barrier in 2011 with 50.2 million tourists, Orlando is expected to reveal that it once more surpassed 51 million when 2011 figures become available.
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Although Miami may currently be the darling of Florida’s real estate market, Orlando should not be ignored.
The National Association of Realtor’s International Homebuyer survey indicates that 14% of the Sunshine State’s overseas buyers purchased in the Orlando-Kissimmee area…clear in second place but way behind Miami’s take of 30%.
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France has overtaken Spain as the number one destination for British buyers of overseas property, according to a new report.
The research, jointly produced by Savills International and HomeAway.co.uk, reveals that nearly 30% of all overseas properties bought by UK buyers since the recession have been in France. By contrast, the number bought in Spain dwindled from roughly 30% pre-recession to closer to 15% since 2008.
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We are delighted to inform you about an exciting, new service we have recently launched with a leading overseas mortgage specialist. If you are looking for a place in the sun as a holiday home or an investment we can now help you to get a mortgage on your overseas property.
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A top overseas property investment consultancy has predicted that the Florida resort of Orlando will see the highest property price gains in America this year with values rising 11.7% against a national average improvement of just 2.1%.
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The United States should see “a significant recovery in the housing market” during 2012, Coldwell Banker Real Estate International chief executive officer Jim Gillespie told a conference this week in Louisiana.
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