Will U.S. Real Estate Get Boost Soon?
Just in from The New York Times, it appears that investors are looking at commercial real estate in Britain, and maybe U.S. residential real estate might get some attention from international investors soon too? For a decade, markets like Orlando, Florida, gained greatly from Brits who purchased vacation homes — and Florida is still The Sunshine State, after all. See this interesting 2008 piece about wider European tastes in second homes from Forbes.com
A community like VillageWalk at Lake Nona, for example, still holds wide American and international appeal for its great Central Florida location. A second home as a rental property could hold some cachet for investors as fewer Americans are in the market to buy and might instead decide to rent in attractive locations, even annually.
A private, gated community is still the best place to buy a second home because it can be maintained and kept attractive more reliably than the non-gated variety. The Times piece also compares this real estate downturn to that of the 1990s, so perhaps the bottom being near will get American and international residential buyers off the fence too. An assortment of ideal private communities can be searched at the Web’s best research portal for them — PrivateCommunities.com
