A new survey ranks different types of Florida property as some of the best investments in US real estate markets in 2021. Metros such as Tampa, Orlando and Miami stand as some of the best markets overall while the Sunshine State also stands out for buy-to-let and build-to-rent opportunities.
In Q3, US house prices rose across the board with 65% of metros registering double-digit increases. Single-family home prices rose in every one of the 181 metros included in the NAR report as the market shows no signs of flagging in 2020.
A recent study reveals that the Sunshine State is an even bigger favourite for relocation after lockdown. The new trend is particularly visible among Americans from the Northwest and East with New Yorkers especially keen to move. The implications for Florida population are huge.
The US rental market is set to see a surge in demand as more and more would-be homeowners find their plans to buy frustrated. The combination of high demand, low supply and tighter lending conditions is driving prices up. And for every US$1,000 rise, some 150,000 buyers will be disappointed.
Price hikes, lower inventory levels and fast sales in September set the tone for an unusually busy autumn for the US property market. Competition for homes will be fierce and many buyers will not be able to purchase the property they want. As a result, opportunities for buy-to-let investment will open up even further.
Ever-rising property prices and lack of supply mean that more and more households in the US are renting instead of buying. As a result, demand for single-family rentals in the US rose sharply in Q2 2020 to reach an all-time high.
A recent survey reveals a sharp twist in trends among tenants and a strong potential for buy-to-let in the US. With 23% of renters now claiming they will never buy their own home, buy-to-let investment appeals even more. Find what the new trends are and what their implications for the buy-to-let market as a whole.
They say there’s nothing like a crisis to make people rethink their lives and the Covid-19 pandemic has done just that. For thousands of people, being shut at home has led to dreams of warmer, sunnier climates and a better lifestyle. Just like the one Floridians enjoy in the Sunshine State. As a result, property enquiries are on the rise and the Florida population looks set to surge.
When it comes to the US rental property, Florida metros regularly feature as the best. Homes in the Sunshine State offer investors cash flow and equity growth and bring together the ideal investment criteria. In 2020, three Florida cities took the top three positions in the US.
New figures show an increase on property value. In fact, home values have increased by 4.64% from 2018 in the same period. The forecast for home values in the US shows and increase of 2.2% over the next year. However Florida’s forecast is even more positive showing an increase of 4.09% over the next year.
Jacksonville is the largest city by population and area in the state of Florida. Home to 903,889 residents, it too has a growing population with a rise of 1.6 million expected by 2023.
At BRIC, we partner with successful and reliable property management companies such as Compass Property Management Group, a full-service Property Management Company. Compass Property Management Group has been awarded 2019 Best of Jacksonville Award
Florida vacation rental property ranks among the most profitable in the US. Find out which metros tick the best boxes and how much you can expect to make.
