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Orlando Real Estate

Orlando Florida real estate. Orlando real estate has been attracting overseas property buyers for years and continues to attract international real estate buyers in search of Florida property. We provide a guide to Orlando real estate

The Orlando, Florida area is consistently one of the most popular places for both international and domestic real estate buyers. With the dollar at near record lows compared to many currencies, international investors are in a great position. Orlando has a year round climate that is enjoyable and is one of the most visited places in the world. The metro area has a population of approximately 1.8 million residents spread out in Orlando and surrounding communities such as Winter Park, Winter Garden, Celebration and Kissimmee. Nearby Oviedo, Clermont and Poinciana are some of the fastest growing locales in the country.

The local economy is centered on tourism, but it is still quite diverse. The area’s entertainment parks, beginning with the Walt Disney amusement parks and resorts, are the focal point for tourists and residents alike. Additionally, though, there are many other businesses and industries that have made this area home. These include aerospace and aviation, biotechnology and movie and TV production, among others. The area is also considered a hot spot of entrepreneurial activity.

Real estate in the area has, along with many other high-flying areas across the US, suffered over the past year. This just means that it is a buyers market and now is a great time to invest. According to the Orlando Regional Realtor Association (www.orlrealtor.com), home sales last year were down about 8%, while the median price was still up about 2.5%. Values are holding, though there are a lot of homes on the market so there are bargains to be found.

The strong economy and the fact that home prices are holding their value are great signs for investors. This is a long term market that will continue to grow. For those looking for a second home or retirement location, now is a great time to get in because there is so much selection. For investors looking for off plan properties, there are a number of new home and resort developments in the area. Some of these include the BellaVida Resort in Kissimmee, WaterSong Resort, Aviana Resort, Bellavida, Solana and Terra Verde developments. These are just some of the opportunities available now. With so much to offer, there is something for everyone in the Orlando area.