Florida is one of the most popular destination for property consumers because it offers exceptional property investment opportunities and some of the most luxurious property in the world. In particular, Orlando offers exceptional investment opportunities and is a popular location for a second/vacation home. Tampa Bay and Jacksonville are also excellent for investment. Miami and Naples/Fort Myers offer world class luxury property opportunities.
Miami’s is a well-known destination for the rich and famous for its luxury property and world class amenities. Miami is also a major second and vacation home destination for property consumers looking to enjoy great year-round weather, beautiful beaches, world class shopping, restaurants and entertainment. In recent years, Miami has been a very attractive target for investment by foreign nationals and has seen significant capital appreciation in property prices since 2012.
Jacksonville’s strong employment and population growth numbers make it an attractive place for investment. The city was ranked by Real Wealth Network as one of the top 17 markets for property investment for 2019 and the city was ranked by GoBankingRates as the 3rd best market in the U.S. for investment property in the year 2018. Home values in Jacksonville increased 9.2% in the year ending February 2019 (Zillow).
Orlando is routinely listed among the best locations for investment property in the United States. Forbes and FortuneBuilders both listed Orlando as the best destination for property investment in 2018 and Real Wealth Network listed Orlando as the No. 1 location for property investment in 2019.
Orlando property prices have increased significantly in recent years, including a 9% increase in home values in 2017. In 2018, the median price for Orlando condos increased by more than 10% (Orlando Regional Realtor Association) and home values increased 8.9% in the year ending February, 2019 (Zillow).
Orlando's robust property market is bolstered by the city's strong economy and supported by the city's exceptional job and population growth rates. The city is also one of the largest tourist destinations in the world and home to some of the largest amusement parks including Walt Disney World and Universal Studios.
On Florida’s west coast, Naples and Fort Myers are major tourist and retirement destinations because of their beautiful weather, white sand beaches, wealth of second and vacation home options, and communities geared to retirees. Naples/Fort Myers offer a variety of high-end luxury and mid-price property opportunities.
Tampa has experienced significant population and job growth rates in recent years, which in turn, has driven capital appreciation in Tampa’s property prices. Real Wealth Network rated Tampa as the second-best market in the U.S. for property investment for 2019, and FortuneBuilders listed Tampa as the third-best market in the U.S. for property investment for 2018.