Orlando’s Transformation as a Hotspot For the Brazilian Real Estate Investors
It was not by chance that Forbes chose Orlando as the best city for real estate investment in 2018. Orlando and Miami have long been among the most visited tourist destinations for Brazilians, but the twists and turns of the world economy in recent years have led many people to create more permanent ties with the regions of the United States by acquiring real estate in the areas.
The combination of the US housing market crisis in 2008, which brought down prices, and the boom in the sector’s prices in Brazil during the same period, led many Brazilians to invest in real estate in Florida.
Record in visitors in 2017
According to the official figures published by Visit Orlando (Orlando’s Official Tourism Association), the city registered 72 million tourists in 2017, the first market to pass 70 million visitors in one year. While in 2015, the numbers of visitors were 66 million, and 68 million in 2016.
The increase was due to the growth in domestic visitors, people from other states that chose to spend holidays with their families in Orlando. Domestic travelers make up about 90 percent of Orlando’s visitors, while the number of international visitors remained stable. With these numbers, Orlando maintained its title as the most visited destination in the United States.
By 2017, Orlando International Airport has become the busiest airport in the country and it’s easy to understand why. The city’s financial numbers, employment generation rates, and economic stability have already indicated this growth, and after the official release of figures, areas that live especially on tourism has much to celebrate, as this growth does not stop there.
The trend in 2018 is expected to be even more significant due to the new investments and attractions being created in the city. The constant expansion of infrastructure involving airports, a train link between Miami and Orlando, and Universal’s plans to develop a theme park, restaurants, new attractions for its visitors, among others.
What makes Orlando a favorite city for Brazilian real estate investor?
Many people who wish to invest their money in real estate in Miami and Orlando either to live in America or to make money with their assets. Orlando’s booming real estate market gives investors greater profitability and security.
Due to low profitability, lack of security, and various property taxes in their home country, investing in the real estate of Orlando has become an excellent option for Brazilians. Moreover, conservative as well as experienced investors consider Orlando as a safe and secure real estate investment option.
Some factors such as the possibility of financing for foreigners and having a property to spend the holidays without cost or even to live in America are the great attraction for people willing to invest in the city. Additional factors include the Brazilian political scenario, weak currency, and unstable economy, are also considered by the investors when making a real estate investment decision. This has led hundreds of Brazilians to invest more and more in real estate in the United States, especially in South Florida and Central Florida.