Why it’s truly a great time to be a homeowner in Orlando

DAVENPORT, Fla. - June 24, 2015 - PRLog -- The Central Florida property market has shown long-term rises in prices and sales volumes and the median price of Orlando property has increased every month for almost four years now.

The median value in May 2015 rose 10.2% year-over-year to $181,900, its 46th monthly jump in a row, and is 57.49% higher than the $115,500 recorded in July 2011, according to the latest figures from the Orlando Regional REALTOR® Association.

For many international real estate buyers and buy-to-let investors, even though Orlando real estate values have risen consistently, they are still around $100,000 cheaper than at peak median market prices of 2007 and much more affordable than average values in their home countries.

Orlando home sale volumes also rose in May by 10% a year, showing that demand is high and the market is set to continue its traditional hot summertime sales.

Feltrim Group offers investors a range of exclusive buy-to-let Central Florida property, many of which are priced at under the Orlando median. They all come complete with sitting tenants and generate competitive expected annual returns on investment of around 6-7%.

The turnkey let properties, which have a full property management service in place, include:

·         One or two-bedroom apartments in Walden Palms, Orlando, from $65,000 with a 6% ROI (five units left)

·         One or two-bedroom apartments at Venetian Place, Orlando, from $75,000 with a 7% ROI (four units left)

·         One-bedroom apartments in Palmas Atlas, Orlando, from $85,000 with a 7.1% ROI (four units left)

·         Two-bedroom apartments at The Greens, Orlando, from $85,000 with a 7.1% ROI (three units left)

·         One or two-bedroom apartments in Palms Club, Orlando, from $105,000 with a 6.3% ROI (five units left).

According to top US property website Zillow, just in the last year Orlando rental yields have risen 2% year-over-year to more than $1,300 per month.  In addition, investors have taken advantage of the on-going capital gains. As Zillow says, it is “truly a great time to be a homeowner in Orlando!”

Stan Humphries, Zillow’s Chief Economist, says, “Rental appreciation has been a freight train these past few years, chugging along without any appreciable slowdown.

“Since 2000, rents have grown roughly twice as fast as wages, and you don’t have to be an economist to understand why that is hugely problematic. More than one-third of Americans are renters, and today’s renters are tomorrow’s buyers. The rental market used to be and should remain a stepping-stone to homeownership. But given how widespread rental affordability problems have become, the rental market could be acting more like a barrier to buying.”