A Place in the Sun

We had a great weekend at the A Place in the Sun Exhibition in Birmingham, UK this past weekend.

Many of our owners stopped by to say hello and tell us how well their vacation homes are doing on the rental market; several even bought another vacation home, as we had put together some great deals with our builders.

The A Place in the Sun show brought in around 8,000 people who were looking to buy a holiday home in the sun and even though the Florida Pavilion was by no means the largest, it seems as though many of the attendees preferred the idea of being close to Disney, as against traditional Mediterranean destinations. The sun may beat down in many locations, but the rental incomes in Orlando simply out-perform every other market place, plus you get to use the property yourself; and you don’t have to worry about whether there is going to be a government coup.

We met lots of new ‘owners to be’, some of whom are just fact finding and dipping their toes in the market, plus a host who already had a very clear idea of what they want.

We want to say a huge thank you to Joelle from Park Square Homes who worked her tush off for our clients, helping them get the best deals possible.

Also a big shout out to Sue and Alan Harding who were on hand to assist our clients with everything tax orientated. If you are looking at buying a property in Orlando and need sensible advice about taxes, this husband and wife team have over 16 years experience with owners of Orlando real estate from around the world as well as U.S owners.

Brian from MoneyCorp stood in for Kelly Cutchin and worked extremely hard for us and our clients, we just put up with the fact that he is not as pretty as Kelly, but we are sure some of the ladies didn’t mind too much.

Finally a huge thank you to all of the people who turned out to see us, especially with so much sport going on and the great weather we had.

Lee-APITS2

James-APITS2

 

 

 

 

 

 

 

If you didn’t make it to the show, check out our properties on the main site and see if we can tantalize you with some of the most attractive and highest yielding vacation homes in the world.

We have a huge selection of new construction vacation homes and are currently awaiting the launch of one or two new vacation communities which will be offering new floor plans and great prices.

The Diagon Alley Effect

The Diagon Alley Effect

The Diagon Alley EffectDiagon Alley is the latest addition to the theme park arena in Orlando. It is obviously exciting news for Harry Potter fans but it is also great news for Orlando vacation home owners and local businesses.

Visit Orlando announced in April 2014 that the total visitor numbers for Orlando was a record 59 million people. That’s a staggering 161,644 people EVERY DAY who are in town, making Orlando the most visited destination in the nation.

The theme parks are obviously key factors. Drawing 10’s of millions of people each year. The great shopping, entertainment, sports facilities and easy accessibility to the beach all help to top up the visitor numbers.

Orlando visitors spend $91,000,000 daily and create 380,000 jobs in and around the city and giving an economic impact of $54 Billion dollars.

Tourism’s social and economic benefits

Orlando offers a number of benefits and awards for residents. Other than living in the world’s number one tourist hub, residents of Orlando have world class restaurants on their door step, fantastic shopping and immediate access to MCO, one of the most acclaimed and affordable airports in the country; and one that is currently being expanded further, allowing even more tourists to arrive each year. MCO already deals with 795 arrivals and departures every day.

Tourism supports over 380,000 workers in the hospitality and associated industries which include accountants, cooks, cleaners, hotel managers, bankers, landscapers and real estate agents.

Visitors to Orlando provide over $34 billion in spending power. On top of that there are local sales taxes which are spread throughout the region for projects which include schools and infrastructure. Additionally visitors pay tourist development taxes on rooms and vacation homes which they rent during their stay.

Who are the international tourists?

The office of Travel and Tourism Industries has stated in their annual report that Orlando welcomed 768,488 Brazilian visitors in 2013 making Brazilians the number one nationality of visitors to Orlando, marginally outperforming UK visitors who totaled 759,390 in the same period. Perhaps we will start seeing signs for Beco Diagonal  which is Brazilian for Diagon Alley.

 Diagon Alley

Expectations for Diagon Alley are already proving to be hitting the mark as crowds gather daily to visit the new park and experience a little Harry Potter for themselves.

In the real world what kind of effect is Diagon Alley expected to have?

Pre- Hogsmeade opening up at Universals ‘Islands of Adventure’, visitor numbers were stable at 4.2 million per year. The opening of Hogsmeade in June 2010 bumped visitor numbers to almost 6 million, representing a huge effect for only 6 months of that year.

2011 total figures showed that 7.6 million people had entered through the gate. Basd on these numbers Universal Studios could be looking at a further 2 million visitors next year, pushing the 2015 numbers to well over 9 million.

All of the above has a relevance to the vacation home industry. These families need a place to stay. Owners of vacation homes within a 30 minute drive can expect to see excellent booking numbers in the coming years, especially those in the Kissimmee, Davenport areas which offer quick access to I-4 or via 192.

Take a look at the Vacation home communities in this key area and start making plans for taking advantage of the increasing tourism levels we are expecting for the foreseeable future.

Tennis in Orlando

US Tennis Association moves to Lake Nona in Orlando, FloridaTennis in Orlando is about to become a lot more serious. Lake Nona seems to be going from strength to strength as the months go by. The latest development is the newly planned USTA Community Tennis and Player Development. In short the USTA (United States Tennis Association) are moving their headquarters to Lake Nona from Boca Raton.

This new facility will include 100 tennis courts with a mixture of hard and clay surfaces. There will be dedicated areas catering to young players, future pros and professional players. This kind of huge investment into tennis will not only ensure the long term growth of American players but will no doubt attract thousands of international players. I know for sure that our Brazilian clients will be delighted with the prospect of having professional facilities available in the city.

The project will provide unparalleled playing, training and educational experience for players and coaches of all ability levels as well as for the spectators. Recreational players will also be welcome regardless of age or ability.

Scheduled for completion in the fourth quarter of 2016 the 270,000-square-foot complex project is located on 63 acres of land in Lake Nona. The complex will host a range of events from youth teams to national championships and even for seniors of 90 and over

 

The complex will include:

— Tournament and League Area – This area will include 24 clay courts and 16 hard courts. The space will include two player pavilions and a tournament administration office which will include trainer rooms, a stringer area, player lounge, public restrooms, and a check-in area. It will let the USTA deliver events like never before and will set a new functional standard for the sport.

— Collegiate Tennis Area – This area will feature 12 hard courts and one future tournament show court, and will serve as the home of the University of Central Florida’s Men’s and Women’s Varsity Tennis Program. The courts will be equipped with high mast lighting for televised events and have elevated seating for 1,200 people with room on the north and south end for additional seating. The area will allow two collegiate matches to be played simultaneously. Additionally, it will feature a two-story pavilion for concessions, public restrooms, team locker rooms, and areas for trainers and officials.

— Team USA Area – This area will include eight hard courts and eight clay courts. The courts will be utilized by the 17 USTA Sections, along with coaches and their players throughout the country to work collaboratively with USTA Player Development.

— High Performance and Player Development Area – This area will include eight hard courts, eight red clay courts, and six covered courts for the USTA Player Development division. The space includes dormitories that can house 32 boys and girls. The strength and conditioning area will include a sand and workout area. In addition, the area will be utilized for Team USA Events.

— 36/60’ Tennis – This area will include eight 36’ and eight 60’ courts enabling youth and adults to develop their games.

— USTA Office Building – The ground floor will include a tennis pro shop, fitness area, locker rooms, player lounge, and cafeteria with USTA offices occupying the second and third floors.

— Technology – The facility will be an epicenter for tennis innovation and education. It will incorporate the latest technology to provide an unparalleled playing, training and educational experience for players, coaches and spectators.

 Property in Lake Nona

Whether you like tennis or not this is a huge win for Orlando and especially the Lake Nona area and we expect to see a huge influx of investment into the area by players and their families who wish to train at the best tennis facility in the U.S and quite possibly the world.

Take a look at some of the great properties in Lake Nona which are currently available. If you are not buying this year you can watch prices in Lake Nona increase as demand for the area attracts investors as we get closer the completion of the USTA project.

 

You can read more here ...