Florida: A Great Place to Purchase for Both Lifestyle and Investment Reasons

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Whilst Florida has always been a popular location for those with the aim to escape to a place with lots of sunshine, current market trends examined by Select Resorts indicate that now is a prime time for investors to purchase land in the sunshine state.

Many people look to buy in Florida for lifestyle reasons, however with sales of American homes now at their highest levels since 2008, and the largest annual gain in over 6 years, the market is showing signs of real recovery (Source: A Place in the Sun).

Housing costs are significantly rising and the demand for property is only increasing. As with previous trends, when property prices increase, so does the cost of land. Therefore current market conditions are perfect for investors looking to invest in land in Florida now, and profit later by selling to builders or constructing a new home for rental or holiday purposes.

Select Resorts are currently offering for sale a selection of residential land plots in Ocala, Florida. All plots are delivered unencumbered, with freehold Title Deeds and with irrevocable planning permission for a low-density residential development.

Pauline Bonnani, Select Resorts Managing Director comments on current market developments:

“Our sales trends currently indicate increased confidence from investors looking to purchase land in Florida. The land plots for sale in Ocala are a fantastic size and the location boasts many factors that indicate investors will benefit from excellent returns – both in the short and long term.

The Ocala development already has infrastructure in place, including roads and all utilities, yet investors have no obligation to build – they can hold onto the land until local, international or personal factors determine the most profitable time for a sale, or they can build their own property to increase their potential ROI and benefit from the growing rental demand of the area.”

Offered for sale at 45% below their 2007 prices, the plots are available for just £25,000 – and offered with interest free finance – an extremely attractive proposition for investors. The project predicts an annual ROI of 8%, which is reserved – based on current market trends.

Property values are currently 70 – 80% below their peak prices in 2008, however trends are indicating prices bottomed out in 2012, and are now starting to rise once again (Zillow.com). Increased job growth, new construction projects and airport expansions are all likely to increase land values in Florida within the next 5 years and with its low cost of living and no state sales tax – the numbers indicate this is a prime time for investors to purchase land in Florida and maximise their return on investment.

To find out more about this investment opportunity, please click here.

Notes to Editors:

About Select Resorts

Anyone looking to invest funds into property or land abroad should contact Select Resorts. A well-established company with over 30 years’ experience in the industry, the dedicated and passionate team offer the service one would expect from a company giving expert advice on a vast range of international property areas to assist in reaching more profound decisions on purchasing overseas property and land.

The only UK based associate of Savills International and a member of the AIPP (Association of International Property Professionals), Select Resorts offer in-depth knowledge and experience to meet the needs of overseas real estate investors. Buyers can invest safe in the knowledge full and thorough due diligence has been undertaken on all projects offered for sale.

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Becky Grail
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