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Florida is the world's favourite holiday destination with over 60 million people visiting the sunshine state each year. At its heart lies Orlando, the ideal place to spend memorable holidays with friends and family. A multitude of theme parks, attractions, sporting and leisure activities, and an extensive choice of superb golf courses, guarantee your enjoyment.
In addition to the wonderfully warm and sunny climate, Florida has areas of breathtaking natural beauty, and the shopping is some of the best to be found anywhere in America. The fabulous beaches on both the Atlantic and Gulf Coasts, washed by warm blue waters and fringed with tropical palm trees, are within easy reach of Orlando.
For those seeking a home on or near fabulous beaches, Daytona Beach, only 45 minutes drive east of Orlando, offers probably the best opportunity in coastal Florida in terms of value for money, investment potential, sporting and leisure facilities.
The benefits of investing in Orlando
It's a good destination for investment buyers. There are numerous advantages including the following:
- Buy off plan Up to 30 months for completion
- 10% initial deposit at contract and 10% prior to construction
- 20% initial deposit on townhomes and detached villas, 80% on completion
- Mortgages up to 80% of purchase price
- Choice of mortgage types, including low start, interest only and capital repayment
- Opportunity to have a fixed mortgage rate for up to 30 years
- No charges for early redemption
- No age restriction
- Low purchase (closing) costs, approximately 4% of purchase price
- Extremely strong capital growth, currently in excess of 15% per annum
- Opportunity to earn significant rental income through letting the property
- Choice of rental plans including guaranteed income plans
- Ability to sell on prior to completion (subject to contract)
- Excellent taxation benefits, including:
- Deprecation of property over 26 years
- Interest element of the mortgage is fully tax detectable
- All running costs and expenses are fully tax detectable
- Flight, car hire and other visiting costs are fully tax detectable
- Indefinite roll-over of capital gains
In addition to the above, you get a lot more for your money in Florida than in most other countries. Plus, of course, you get year-round good weather and fantastic life style. Property prices in Florida have risen significantly in the past few years (according to the Florida Association of Realtors, they increased by a massive 87% between Nov '99 and Nov '04), and started 2005 strongly. Visitor figures are still increasing: in 2004, there were about 44 million visitors to the Orlando area, and some parts of Florida experienced visitor growth rates up 21% per year. More high-tech companies are moving into Florida to escape the high costs of California, so the property market is buoyant, and US real-estate experts estimate that prices will continue to increase at a steady rate for the foreseeable future.
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