Why UK Investors Should Buy a Vacation Home in Davenport

British investors who want to buy homes in Florida typically favor Orlando because visitors come here from around the globe to enjoy world-class theme parks, sports, music and convention venues.  Tourist appeal, as well as recent builder constraint and job growth, even prompted Forbes magazine to rate Orlando the nation’s 3rd best city to buy housing in 2017.

Most UK investors purchase properties in areas like Kissimmee and Celebration, since these communities are so close to Disney World. But some savvy buyers have discovered that they can find better deals on homes in nearby Davenport.   

This charming community offers British buyers just what they’re looking for: fun in the sun, and rental returns at a great price in a location that’s not too far from the area theme parks and Orlando’s international airport. 

You can find a variety of properties for sale in Davenport, from brand new 3 bedroom townhomes to 6 bedroom luxury pool homes in gated resorts. Best of all, unlike the city of Orlando proper, Davenport allows short-term rentals, so you can recoup your investment through rental income from holiday guests. 

If you’re interested in purchasing a vacation home in Orlando, time is of the essence.

Home buyers have been active this year. In fact, the Orlando Regional Realtor Association noted that during the month of May, nearly one-third of home sales landed a contract within one week of being listed. That type of demand has pushed prices higher for Orlando-area houses, townhomes and condos. 

Even though prices are lower in Davenport, the market is rising in this community too. There’s a very good chance that the excellent opportunities available now won’t be as attractively priced in a few months. 

Here are a few good reasons why it’s smart for British investors to buy a home in Florida:

  • Lifestyle – Plenty of sunshine, gorgeous beaches and numerous entertainment options.
  • Financial – Housing is more affordable than in the UK. Great rental returns, and excellent potential for capital appreciation
  • Stability– Dollar investments are one of the safest and most secure in the world.
  • Ease – No language barrier. The buying process for real estate in Florida is transparent and smooth compared with the rest of the world.  

When you’re ready to buy, you need a real estate professional who understands the Central Florida market, and who has experience with vacation properties, including how to work with absentee owners, buyers and sellers. Team Donovan fits that bill. Our team of European and American born agents has the expertise necessary to make your purchase as stress-free as possible. We can guide you in areas like property management, currency transfers, and tax issues like FIRPTA in an easy-to-understand fashion. 

Call us at 407-705-2616 for a free, no-obligation consultation. We look forward to helping you find your dream home in Orlando.  

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