As many of the real estate investors know some of the hottest real estate investment markets right are Orlando and Las Vegas, and Tampa. While Southern Florida cities have been skyrocketing for years northern cities land values are starting to increase at a rapid rate as well. Maybe the reason is because hurricanes tend to hit the lower regions or because Orlando is the vacation capital of the world. Whatever the reason both big and small real estate investors are flocking to Orlando, and Las Vegas, and Tampa to get a piece of the pie. Why are investors flocking to these locations? Each has a certain appeal to it which attracts different investors as I will explain below: Why investors are looking at Orlando for real estate investing... Orlando is my top pick for investors looking to invest in florida pre construction real estate for several reasons. The first reason is that Orlando is the vacation capital of the world and people from all over the world fly in every day to experience the 5 star hotels and world renown amusement parks. The city is just teaming with energy and the feeling of welcomeness you feel as soon as you arrive is unlike any other city in the world. Orlando is designed to cater to your every need and make sure you ALWAYS have something to do. Another reason Orlando is doing well in the pre construction investment market is that for all the amenities it has its still very undeveloped. With amusement parks such as Disney World and Universal Studios calling Orlando its home one would think that the city would be three times the size it is. The bottom line is Orlando is growing and those who are investing are seeing a great ROI on their real estate investments. More conventions in Orlando mean more visitors which mean more money. One of the main reasons why investment real estate does so well in Orlando is because hundreds of thousands of visitors come through here each month for conventions and they need to stay somewhere. Orlando just finished its newest convention center (Orange County Convention Center) which is the second largest convention center in the United States and is already booked solid with conventions until 2028. Why investors are looking at Tampa for real estate investing... Tampa is a city known for many things from their museums (Tampa Police Museum, Tampa Museum of Science and History) to its beautiful sight seeing (Tampas Gator Jungle Alligator Farm, Tampas Sea Wings Aviation) but mostly for its location near some of the most beautiful beaches in Florida. While Miami was the first to see a boom in their local real estate market, Tampa was quick to follow up and developers started buying up land soon after Miami land became hard to find. Tampa is a good investment area if you can manage to find preconstruction but is not at the top of our list for the most desirable investment real estate in Florida. Why investors are looking at Las Vegas for real estate investing... What happens in Las Vegas Stays in Las Vegas... And judging by this citys growth rate tourists and residents are finding that slogan very appealing. Las Vegas known in the past just for its strip and gambling is getting a complete image overhaul and is focusing not only on the gambling but the world class night clubs and resorts to its exclusive shows and performances. Las Vegas is centered around the strip but now is going to be more focused on its hirise developments. One hirise Development is called the Las Ramblas which is the biggest Las Vegas Real Estate development in Las Vegas History costing over 3 Billion dollars and consisting of 11 hirise buildings. Las Vegas is a key investment spot due to the fact that when people go on vacation money is not as much as an issue. Someone who only buys on sale items at the store and only uses coupons to go out to eat wont think twice about blowing through $1000 at the craps table and $300 a night for a room at one of the premiere casinos. |
