Britons’ love affair with Orlando continues

DAVENPORT, Fla. - March 8, 2016 - PRLog -- The UK love affair with Orlando is well-known, with leading travel website Kayak.co.uk naming it the top British summer destination.

The massive popularity of Central Florida is reflected in demand for the region’s real estate through leading agent and developer, Feltrim Group, with around half of all sales of its new luxury lakeside project, Balmoral at Waters Edge, going to Britons.

The figure is in line with data from the National Association of Realtors showing that 44% of Orlando foreign real estate buyers are Britons.

As a result, Feltrim Group is exhibiting at next week’s top UK overseas property show, A Place in the Sun (APITS) Live, at Manchester Central, from 11-13 March.

Feltrim Group Chief Executive Officer, Garrett Kenny, agrees with an APITS survey suggesting that with last year’s freeing up of pension rules, more UK investors are considering buying their own place in the sun.

“There’s nowhere else like Orlando. We’ve got Disney, Universal and other world-class theme parks, warm weather, unbeatable shops and sporting attractions – all things that British families love to see.

“Combine that with great value real estate, that’s spacious, well-equipped and offers resort-style facilities and it’s no wonder that British buyers, including a growing number of pension holders, want to purchase holiday homes or snap up buy-to-let properties.”

New more flexible rules introduced in April 2015 mean instead of being forced to purchase an annuity, UK citizens can access their retirement saving from the age of 55 to invest as they wish. The move has led to a big rise in inquiries about buy-to-let properties.

Balmoral at Waters Edge is a luxury resort south of Disney World Orlando, which offers owners a wide range of resort-style facilities as well as the option for owners place their home in a fully managed leaseback program and receive a 6% net rental return for three years.

Luxury Tuscan-designed homes range from three to eight bedrooms, come with a pool and are fully furnished.

Costs including property management, Home Owners Association (HOA) fees and property tax are all covered and owners can also use the property for outside of peak seasons.

Balmoral at Waters Edge boasts its own water park and resort pool, clubhouse with gym, restaurant and games room, playgrounds, mini golf, many parks and lakes and various other facilities.

A Place in The Sun is a top UK overseas property media brand that began as a popular Channel 4 TV show and includes a magazine and website.