European Investor coming to Florida
Hi All
I am an Englishman living and investing in the Spanish Resorts, unfortunately the market here is dead and likely to be that way for many years to come especially when you take into account that the Spanish government has allowed a massive building plan over the past 10 years that has left hundreds of thousands of unsold new properties littering the coastal regions and adding to the economic downturn in property prices. I would not even look at foreclosure properties to buy here as nearly all the income is from European vacationers and that market is DEAD.
It is my intention for me and my investors to look at purchasing properties in the Orlando area of Florida where the short term and long term rentals should still be profitable, taking into account that it is still the vacation capitol of the world with over 49million people visiting it each year. But if you have any info contrary to this or my assumption are wrong pls let me know.
Any help and advice will always be welcome from all quarters, good or bad news welcome.