Property management firms offer guidance in a hot housing market

An Flamand, the owner and broker at An Flamand-Orlando Vacation Realty, is now pre-selling townhomes at the Posner Estates development in Polk County.

An Flamand, the owner and broker at An Flamand-Orlando Vacation Realty, is now pre-selling townhomes at the Posner Estates development in Polk County.


ORLANDO — Central Florida’s housing market remains appealing to buyers — including investors who recognize that purchasing a home in the Orlando area is likely to pay off handsomely in the future.
This is particularly true for foreign investors who recognize that Central Florida’s strong economy, thriving tourism industry, and strong growth means their property will definitely rise in value.
Just as appealing is the fact that so many newcomers are moving to Central Florida — as many as 1,000 per week in the Orlando region alone — and that national and foreign visits to the region are breaking records. With those numbers, there’s no question their property can be turned into a very successful long or short term rental. Whether the owner wants to find secure long-term tenants, or market the property as a vacation home available to visitors on a short term basis, either option can be potentially lucrative. Continue reading

Thales expanding operations in Central Florida

Thales Group just announced it would expand its operations in Central Florida.

Thales Group just announced it would expand its operations in Central Florida.


ORLANDO – Further cementing this region’s ties to European businesses, a global technology leader based in Paris just announced they will expand operations in Central Florida, creating hundreds of jobs here, while investing more than $20 million in the region.
The office of Gov. Rick Scott announced on Monday that Thales Group, a leader in the aerospace, transport, defense and security markets, has confirmed plans for the expansion.
Scott is in London attending the Farnborough Air Show. Thales has been attending the air show.
“I am proud to announce that Thales chose Florida to expand and create 500 new jobs,” Scott said. “We met with Thales at the Paris Air Show last year and it’s great to make this exciting announcement today in London. I look forward to seeing their continued success in our state.”
Florida is already home to more than 2,000 aerospace and aviation companies, with an employment base of nearly 80,000 workers.
Florida has also been a major hub for flight training and is the No. 2 state in aviation, aerospace and space establishments.
Thales’ expansion, the governor’s office noted, is expected to create 327 new jobs in Melbourne and 173 new jobs in Orlando. Continue reading

U.S. politics, not Brexit, expected to impact foreign investments in Orlando’s housing market

Nick Churton, the managing director of Mayfair International Realty, is predicting the Brexit vote won't hurt foreign investment in the U.S. housing market.

Nick Churton, the managing director of Mayfair International Realty, is predicting the Brexit vote won’t hurt foreign investment in the U.S. housing market.


ORLANDO – Despite the uncertainty created by the Brexit vote, residents of Britain are unlikely to lose interest in the value of a second home in the Orlando area, said the director of one of the top real estate associations in London.
Nick Churton, the managing director of Mayfair International Realty, said Brexit won’t alter the desire to own a home – or to invest in a second home.
“Ambition or dreams of home ownership in other countries is not dictated by political or economic events. But they are affected by them,” he said.
Across Europe, people are still trying to figure out the long-term impact of a referendum in June to have the United Kingdom leave the European Union after 43 years. The referendum was approved by 52 percent of British voters.
Since then, the value of the British pound has taken a steep nosedive.
“Clearly the weaker pound against the dollar and Euro will mean that for a while at least, Brits will want to take stock,” Churton said in an interview with Freeline Media.
Churton added that these fears are not likely to last. Continue reading

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