It has been revealed that increasing numbers of visitors to Orlando are helping to drive the property market and generate property sales, but as the numbers increase the theme park capital of America is suffering from a property shortage.
Speaking about the news, the managing director of one leading property firm said: “In 2010 Orlando attracted 51.5 million visitors, knocking New York way into number two spot, and in 2011 was expected to top the 53 million mark; however, when the figures came in, the tally was even more astonishing. Orlando has set another record for any US travel destination and visitor numbers are 7.2% higher than the previous record breaker.”
He went on to add that the visitor figures are extremely positive for the area as more and more people are considering a second or holiday home in Orlando, but that developers are struggling to keep up with demand for quality homes to meet the rising demand.
After what has been a tough number of years within the property market, those hardest hit during the recession are showing signs of being the first to bounce back. Although inventory is being reported as being down by 31%, there has been an increase of 13% in prices. All of this is leading to developers actively seeking out places to build. The year is only predicted to get better for property in Orlando, as more and more people come to visit and decide that they would like to stay.
Privacy and Terms and Conditions
By completing and submitting the “Download Form” you will be able to download a brochure and are allowing us to contact you regarding prices of our plots of land for sale.
- We will only use your details to contact you regarding our land products.
- You information will be stored on our secure servers and will not be passed to any third parties.
- If you check the “opt-out” box you will not be emailed in the future with any other promotions, news or information.
Click for full details of our privacy policy, terms and condition.
