Property prices are expected to remain under pressure due to low supply and considerable pent-up interest from international purchasers, known as “pent-up demand,” which emerged following the recent reopening of American borders to many nations. The surge of new people has not slowed, and 2022 appears to be a bright year as well.
The enormous influx of people has dramatically helped the Florida housing market, resulting in property appreciation, particularly in the cities of Miami, Orlando, and nearby cities. The majority of this group came from the Northeastern states and California, looking for a better quality of life and lower taxes. The Sunshine State accepted more than 210,000 new people in one year, according to the US Census Bureau. Florida Real Estate Market : What to Expect?Įxcept for Texas, Florida has attracted the newest residents of any state in the United States. Disney World actually sold out numerous days for spring break 2021, and the STRs have been occupied since. With Disney World in Orlando being open since summer 2020, visitors have rushed to the area searching for vacation rental houses. It is also reported that Walt Disney World will continue to increase its capacity. Domestic tourism increased during the pandemic due to Governor DeSantis’ invitation for Floridians to travel within the state. Airbnb Orlando is now witnessing record numbers of visitors, both from within the state and outside the state, compared to other areas in the US.ĭespite the impact of COVID-19 on Florida’s tourism industry, it was able to recover quickly.
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