The whole world knows by now that short term rental business is a very profitable activity. With the arrival of online platforms such as Airbnb and Booking, things bot a lot easier, practical and safer. Opportunities in the real estate market exist in several places around the world. But why is Orlando the main destination of these investors?
In this article we show some of the factors that make Orlando the best destination to invest in Vacation Homes and also why now might be the best time to buy.
75 million people visit Orlando annually
Yes, this is the number that answers the question! In 2018 Orlando received 75 million people. We still don’t have the official data for 2019. All these people need a place to stay. Orlando vacation homes are increasingly establishing themselves as one of the best accommodation options, especially those close to the parks.
In no other city in the world will you find such a large flow of tourists in search of vacation homes. And the whole world is waiting to return to Orlando!
And this flow of people tends to grow. Investments in Orlando do not stop. The idea is to bring more and more people to Mickey’s Land making it the main tourist destination in the world.
No city in the world in the world is as prepared as Orlando to welcome tourists back. There are few destinations in the world with so many investments. Some of the new investments are the 1 – new airport ( with a capacity to receive over 40 million passengers) and the 2 – Brightline high-speed train , which will connect Miami to Orlando and will take a few million more tourists to Orlando every year.
In addition, Orlando is prepared to receive an unimaginable audience in the coming years. Did you know that in 2021 Disney turns 50? And in 2028 Mickey will be 100 years old! Imagine the party and the amount of new attractions and events.
Don’t forget that in 2026 the USA will host the World Cup!
It is easy to see why Orlando is the most sought after city for investment in Vacation Home. The outflow for rent is very large, with real chances of obtaining a return in excess of 10% per year.
And Orlando doesn’t stop there! Universal will open its fourth park in mid-2023, the Epic Universe. Several other smaller parks keep popping up in the city. And the existing parks open new toys and attractions at all times.
Orlando beyond the parks
But Orlando is not just about parks and shopping. The surrounding Orlando has more than 200 attractions. You will be charmed by super charming little towns like Winter Garden and Winter Park. How about visiting some craft breweries or exploring the canals and lakes amid the lush, tropical nature of central Florida? In the article Orlando besides theme parks we show several tips for interesting tours.
Now is the best time to invest
There is no destination in the world better prepared to resume after the return to normality. In this pandemic period, some developers are offering generous incentives to stimulate sales.
AMG International Realty is a full-service brokerage firm in Florida. If you are interested in buying, renting or selling Florida Real Estate, please give us a call now: +1 (305) 318 6968 (Heloisa Arazi).