It is not surprising that 2013 brought another year of double-digit growth in Orlando. Jobs are being created and employment levels are rising as a result. Property markets are driven first and foremost by the people who live and work in a city.
(PRWEB UK) 30 January 2014
Following years of tumbling home prices, the Orlando property market has now recorded growth for 29 consecutive months. What was different about the statistics released from 2013 was that the size of increase in property prices over the course of 12 months has not been seen since 2005. (Source: Orlando Realtors, January 2014).
Property prices in Orlando have risen 24% in 2013 making it one of the fastest growing cities in the USA. Much of the growth is driven by low interest rates and domestic demand for homes. The economy is also improving and Fitch the ratings agency affirmed its stable 'A-' rating on Orlando, Florida Community Redevelopment Agency bonds.
Loxley McKenzie, Managing Director of Colordarcy.com commented, “It is not surprising that 2013 brought another year of double-digit growth in Orlando. Jobs are being created and employment levels are rising as a result.
Property markets are driven first and foremost by the people who live and work in a city and its suburbs. With finance easier to obtain due to low interest rates and fewer homes now being classed as in foreclosure, it is getting easier for people to buy homes and create the necessary demand.
This has been happening in Orlando for nearly two years, however there is still some way to go before prices recover to the level they were in 2005. More than 70% was knocked off the value of homes following that market peak and it will take some time to recover and be in line with the long term average.”
Colordarcy have a limited number of Orlando tenanted apartments available from $126,500 / £79,000. The two and three bedroom apartments are located in a desirable area of Orlando close to Disney World and come with a 2-year rental guarantee.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Their aim is to provide their clients with properties that offer the unique combination of strong growth returns and cash flow positive income.
Investing in positive cash flow property significantly reduces the risk because the property will pay for itself regardless of market conditions, employment status or other financial commitments.
Colordarcy provides complete support before, during and after a sale, including finding tenants, financial assistance, viewing trips and currency services. Colordarcy are proud members of the ‘Association of International Property Professionals’ (AIPP), and abide by its code of conduct, one established to protect the buyer, by ensuring members follow professional guidelines and procedures.
Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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