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F L O R I D A
Seeking value in the Sunshine State
Miami provides a heady mixture of fun, sun and investment potential
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ometimes, a person just has to get away. When it is time for a holiday, there are few locales as capable of providing so memorable an occasion as the beautiful state of Florida. Boasting a warm, mild climate and over a thousand kilometers of beachfront, Florida offers visitors a seemingly endless succession of festivals and events and provides a year-round party atmosphere. Located on the southeast tip of the United States, the aptly-named “Sunshine State� is one of the most popular tourist destinations in the world. A record-setting 90 million people visited Florida in 2012, including almost 14 million foreign travelers. This number is all the more impressive, because 2011 was itself a banner year for tourism, with almost 86 million visitors. All signs point to this upward trend continuing. Tourism is also the single largest industry in Florida, bringing up to USD $60 billion into the state’s economy. Because of this constant parade of travelers and the resultant influx of dollars, real estate investors specialising in shortterm to let properties can find themselves
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uniquely positioned to realise a steady, long-term return on their investments. Perhaps the most attractive aspect of focusing on providing to let accommodation for tourists is the virtual lack of any lengthy periods of vacancy. The festival season in Florida is practically year-round, meaning that with proper planning and scheduling, a property can usually achieve full occupancy.
Miami Any discussion about Florida has to begin with Miami. As a city proper, Miami has a population of less than half a million residents, but that number swells to over five and a half million residents when viewed as a major urban area. Rental properties in Miami are in very high demand, for a number of reasons.