According to the PwC’s Emerging Trends in Real Estate report, in 2020, 3 out of the 10 best places to invest in real estate are cities in Florida namely, Orlando, Tampa and St. Peters-burg. Florida is loved by real estate markets as it has a diverse and dynamic economy. The Florida real estate market has bloomed in 2020. The Florida rental market has also grown tremendously and is showing very strong movement in 2020. The rate of rental households is growing.
Florida is an ideal location for business. The government is proactive and business-friendly thus the place continues to provide new high-wage jobs for workers. Forbes had listed that Florida’s job opportunities have grown by 2.6 percent from last year. The state has alone created 22, 500 jobs till the current month, in 2020. There are jobs in various sectors from tourism, agricultural, aerospace, to financial services.
The real estate market of Florida is considered the hottest in the country. Thus the most rewarded one too. And there are companies like accessnationwiderealty.com that are redefining the real estate investments in Florida.
The market performed very well in 2019 and the same is happening in 2020. More growth is expected in the coming months of the year. Many young professionals are shifting to Florida in search of new jobs and career opportunities. The career advancement opportunities attract the ambitious whereas the sunshine state all offers great weather serving as a perfect retirement option.
The lifestyle, low cost of living, low property taxes and insurance, no state income tax, and exceptional health care suit people of all ages. Many people are thus venturing into buying properties in Florida. Mashvisor’s data and analytics has reported that the real estate investors of Florida are expected to be earning $1,831 in traditional monthly rental income.