RESIDENTIAL REPORT 2020
Central Florida & Greater Orlando, USA
INTRODUCTION
The City of Orlando, Fl is one of the best cities to acquire investment properties in 2020. It is located in the region known as "The Sun Belt", the area is recognized for its’ good climate, the best theme parks in the world, as well as endless entertainment and attractions.
With a population of over 2.5 million residents, the real estate market is fueled by job seekers, retired baby boomers as well as students who want access a great quality of life at a reasonable cost.
“In fact, the housing market may actually aid the economy in recovering from the next recession — a role it has traditionally played in previous economic recoveries.”
Odeta Kushi,
Deputy Chief Economist, First American Financial Services
(Market watch-March 10, 2020)
REAL ESTATE MARKET ORLANDO, FLORIDA, USA*
- Orlando has been called "The Ideal City for investing in real estate in 2019" by Forbes magazine for the third year in a row. Future projections suggest a 35% increase in property values by 2021
- Orlando is the city with the most economic growth throughout the country & Metro Orlando is the 4th largest city in the United States
- 75+ million tourists visit the City of Orlando every year. The City estimates that by 2022 they could receive over 105 million of people and heavily upgrades efforts and investment in infrastructure
- Population growth in the City of Orlando by more than 20% since 2010. Today it houses 2.5+ million inhabitants
- Income growth by 3.44% in the last year (2019), which is 134% higher than the national average
- First Place in growth and employment generation is given to Orlando when comparing projections of the 200 most important metropolises in the US
- Orlando's "Medical City" generates revenues of $7.6 billion and created over 45,000 jobs
VACATION RENTAL PROPERTIES
The City of Orlando has two major business streams as far as the residential real estate market is concerned - Vacation Rental Properties & Long Term Residential Properties
At Black Tile Investment, in collaboration with HF Investment Properties, we represent builder and developer “Lennar” who is the largest builder of all the United States, reporting more than 46,000 properties delivered during 2019, as well over $1.4 billion in revenue.
The City of Orlando is a regulated city for the operation of short term (Airbnb, VRBO, HomeAway). Some American cities like Miami, FL limit short term rentals to certain areas or numbers of weeks a year. In the location of this report of Greater Orlando, you can operate your properties all year round and yet comply with all legal requirements. Given this, Lennar has two developments that have a special area dedicated to operating vacation rental.
Lennart Hector
