Jonathan de Jesus of Dominium Realty Group, a REALTOR® and expert in the Orlando realty market (http://www.florida-
"While I don't see a direct impact of Greek or Spanish instability on our local market, what I do see is that the general movement of capital is going to be from less stable economies to more stable economies."
De Jesus says that while America has its own economic problems to deal with, they are not of the scale and urgency of Europe's problems, with several major European states like Greece, Spain, Italy, and Portugal having major liquidity issues.
"We are already seeing people in Greece pull their money out of banks and put it under a mattress. While that's not very practical for most Europeans, many investors believe the next best thing is to invest in American real estate. And some of the best American investment property is in Orlando, due to its international association with the Disney brand."
He says people tend to invest in what they know, and many Europeans have visited Disney World in Orlando. Many have stayed in short term rentals, homes zoned specifically for use as holiday rentals, and so they decide to buy a rental home in Orlando.
"Because of the difference in currencies, Europeans essentially get a discount on Florida real estate," de Jesus says.
"On the other hand, the currency fluctuations may be moving in the other direction, so the window of opportunity could be closing to purchase Orlando homes near the current bottom."
About Dominium Realty Group
Dominium Realty Group is a leader in residential real estate brokerage services in Florida with expertise helping U.S. and international clients navigate the Orlando real estate market. Through its experienced team of real estate professionals and their commitment to exceed their clients’ expectations, Dominium is able to confidently deliver solutions to meet the needs of any real estate client.
Included in the company's extensive array of specialized offerings are Dominium's expert property management services. With licensed specialists working close with investors, clients get the most effective property management possible for their real estate portfolios. Dominium agents are experts in the Orlando market, including Downtown Orlando homes, Windermere Homes, Dr. Phillips, Maitland, Winter Park, Lake Mary, Baldwin Park, Metro West, Longwood, South Orlando, Kissimmee, Winter Springs, Oviedo, Lake Nona, Waterford Lakes, Altamonte Springs, Mount Dora, Sanford, Apopka, Winter Garden, and Ocoee.
For more information, please contact:
Jonathan De Jesus
Dominium Realty Group
6236 Kingspointe Parkway #10
Orlando, Fl 32819