Florida still reigns as rental destination
Orlando is one of five areas in Florida that have recently been named as having the best markets to invest in rental property. It came in at number 4 in the top 10 places for rental investment, above Fort Myers which came 5th, Fort Lauderdale which came 8th and Tampa which came 9th place.
Above Orlando, however, was Daytona Beach, made it to second place on the list. Ingo Winzer, President of Local Market Monitor, which published the survey, stated: “We think Florida is one of the most interesting states in terms of rental property opportunities…That’s because home prices haven’t bottomed out, and rents will eventually be supported by renewed population growth.” Tampa and Daytona Beach have both seen growth rates in employment of over 2%, whilst Orlando and Fort Lauderdale has employment growths of under 1%.
Also in the list, but outside of Florida came Rochester NY at number 10, Bakersfield, California in 7th place. In the number one spot was Las Vegas.
For details of property for sale in the USA, visit the USA listings on Rightmove Overseas. One way to save money when buying in America is to use a currency specialist when transferring your pounds into dollars to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.