After the great real estate crisis of 2008, which affected the entire world, Florida is now a favorable destination for real estate investment. Whether buying vacation homes, family homes, apartments or commercial premises, the state has attracted many Brazilians. This is because there are many advantages in the short and long term for those who invest in these purchases. Even in dollars, the prices of high-end properties in the United States are on a par with those in Brazil in tourist areas (and with much lower quality). So, if you want to dollarize your investment portfolio, find out 10 reasons to choose Florida.  

1 - Economic growth in the Sunshine State

All of the US has recovered very well from the great crisis of 2008. But the state of Florida in particular has shown promise, well above the country's average. O The state's GDP reached 1 trillion dollars last year. In other words, it surpassed that of countries with developed economies, such as Switzerland. And that's not all. According to the Florida Chamber Foundation, the region grows by 2.7 billion dollars a day.

2- Return on investment

In addition to its economic growth, Florida presents itself as an excellent destination for investment. ranks 19th among the 150 best cities to invest in a vacation home in the United States. These are the data from the NAR (National Association of Realtors) survey, which takes into account the return on investment as the main parameter for the ranking. Since 84% of buyers see this acquisition in terms of return on capital. Meanwhile, Forbes magazine last year chose the state as the best place to invest in real estate. The magazine estimates that by 2021 real estate will have appreciated by 35%. Read more here

Through the experience of The Florida Lounge relationship agents on the properties sold that are managed by the partner Property Manager, houses have an average occupancy of between 67% and 80%This guarantees a short- and long-term return on the purchase of a house.

 

 

 

profitability calculator

We set up a Vacation Home profitability calculator where you can make simulations to get an idea of how much you can profit from this investment.

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3- Appreciation of the investment 

Also according to NAR and Forbes, real estate in Florida, and more specifically in Orlando, has very encouraging forecasts for investors looking to buy now. This is because the appreciation of this type of investment has had a increase in the state of 4.2% in the first half of this year. And that's not all, in the city of Orlando, the average annual appreciation reaches 10%.

4- Market liquidity 

It's not just appreciation that appeals to an investor. Market liquidity is another key factor when choosing a region to expand your investment portfolio abroad. This is because when the time comes to sell the property, you need to be sure of getting a quick sale at a good price. According to the Orlando Regional Realtor Association, a house is on the market in the state of Florida for an average of 51 days. While in Brazil, the time a property stays on the market is 16 months. 

 

5- Tourist appeal 

Florida's coastline is considered one of the most beautiful in the whole country, the "American Venice" is located in the state (Fort Lauderdale), Orlando has the most popular amusement parks in the world (Disney, Universal, Nasa, Sea World), while Miami is known for its glamorous tourism. 

There are many different options and styles of tourism throughout the state. It's no wonder that the region receives record numbers of visitors every year. In 2018, more than 126.1 million tourists came to Florida. This was the eighth record year for visitors. Brazil alone sent 1.1 million tourists last year. 

The large movement of people boosts the economy as a whole, especially the commerce and real estate sectors, in order to absorb so many tourists in vacation homes in the region.

6- New business opportunities 

More and more large companies are setting up in the region. This is due to the facilities offered by the United States as a whole, as well as the Sunshine State's economic growth. A high GDP is synonymous with high purchasing power and constant job creation. It is also indicative of opportunities not only in the real estate sector.

7- Building infrastructure

Lennar is one of the country's leading builders, with a presence throughout the country. In the state of Florida, the brand offers townhouses, condos and single-families in the everything-included style. They also offer luxury condominiums with everything you need for a comfortable and fun vacation in Orlando. This way, you can find the ideal Vacation Home investment property among the many high-quality options available on the market.

 

 

 8- Support network of Brazilians 

Brazilians are among the main investors in Florida. More than just buying property, many are moving with their families to the region. This is because of the similar climate to Brazil and because the state is already very open to welcoming foreigners. In this way, if there is a future possibility of settling in the USA with the family, this is a reassurance that the region is conducive to adaptation. 

9- Meeting point 

As well as being a place where tourists come and go, Florida is strategically located for important trade and has all the infrastructure for it. Orlando International Airport, for example, is currently undergoing expansion and by 2020 it is expected to have another terminal with more than 16 departure and arrival gates. This demonstrates the a bet on growth that has been materializing every year in the region.

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10- Specialized Consulting 

To make a real estate investment in Florida, you can count on the expert advice of The Florida Lounge. The brand operates in the  investment by Brazilians in the United States. The entire team is able to provide complete advice on all stages of property acquisition, from scheduling the visa to handing over the keys.

https://www.thefloridalounge.com/contact-2/

Did you like the article? Keep an eye on our blog! Looking to live or invest in real estate in Florida? See the list of houses for sale in Florida we've selected for you!