Reports recently published within the US real estate sector have shown that Florida is currently an investment hotspot when it comes to people investing in property.
As property prices continue to rise and the housing market begins its fight back after what have been a number of tough years, the news has been welcomed by an industry sector that has struggled with the financial uncertainty that has been a feature of current times.
Speaking about the news, one investor said: “Due to the proximity of the university and downtown Tampa, the demand for high quality rental accommodation is strong, meaning Tampa is a prime location for investment.”
In fact, within Florida, Tampa has seen a demand for housing grow. With 4.3 million people currently living in the area and more seeking to move, the limited amount of housing available in the area has seen developments start to become commonplace once again. As the ninth largest university in the US, the University of South Florida also means that there is a great demand for student housing, which developers and investors are stepping in to try and meet.
Tampa’s relatively low profile when compared to other cities in the state of Florida means that the local investor market is thriving, while other areas in the state are starting to see a rise in demand due to the lower prices in what is seen as one of the most desirable locations in the country.
As investors move in, house prices are starting to rise again. This can only be a good thing for homeowners and the economy in general.