Why invest in Florida real estate?
There are 50 states in the United States, many with excellent opportunities for real estate investment. The state of Florida stands out somewhat as it presents several benefits for those looking to purchase property abroad.
Diversity
Florida property is incredibly varied in nature. The property for sale in Florida covers a broad spectrum and offers foreign investors a wide range of possibilities. Florida land investment gives buyers the freedom and security of purchasing property that can easily be sold in the future, as potential buyers are always attracted to Florida’s unique way of life. Florida also has an abundance of restaurants, amusement parks, clubs, entertainment, professional sports and more that continue to attract investors year after year.
Business opportunities
Florida’s aerospace industry, manufacturing and agriculture are major attractions for those in the market for US property. Limited partnerships and S-corporations are not subject to state income tax, making Florida a desirable place to start a business. The tourism industry is also a perennial force in Florida’s economy. The state is fully developed and has modern hospitals, schools, good infrastructure and transportation systems, all of which contribute positively to Florida’s business culture.
Location
Those who wish to buy land in the United States would be wise to consider Florida. The state has one of the largest economies in the world and a diverse industry landscape that generates tens of thousands of good quality jobs each year. As one of the world’s premier holiday destinations, Florida offers a virtually unlimited pool of potential buyers seeking accommodation as holiday homes. Investors in Florida properties looking for a retirement or a second home can choose from a variety of beachfront condos, apartments or family houses. Real estate in Florida enjoys fairly steady appreciation in value, which draws hundreds of buyers annually.
Established real estate market
Florida is a well-established US state with decades of development history. This means fewer risks for investors, no matter where in the state they choose to purchase properties in Florida. There are additional tax benefits for foreign investors who provide housing to the local population, so those who wish to own or manage properties abroad have several options for generating income.
Buyer’s market
The real estate climate in the US currently favours buyers. Existing home prices all over the state are the most affordable they’ve been in more than 10 years, and Florida real estate sales numbers are on the rise. This is a strong indication that the market is poised for improvement over the next several years, which is great news for those who wish to buy United States land. The inventory of existing homes is varied, meaning that buyers are spoilt for choice when it comes to selecting the perfect property to buy in Florida. United States mortgage rates remain incredibly low; buyers have unprecedented financial power when making United States property transactions, giving investors more home for their money.
Whether it’s a second home for investment or occasional holiday purposes, or a permanent home for retirement, purchasing Florida real estate simply makes sense.