Falling unemployment fuels florida real estate

Orlando, Florida Photo: Skynoir

Florida's Department of Economic Opportunity has revealed that the state's unemployment figures now stand at the lowest rate since June 2008, a figure of 6% in September.
 
When considering the fact that just a year ago, Florida's jobless numbered on average 7.2% in 2013, and a less than giddy figure of 11.3% in 2010, the Sunshine State has come a long way. The knock-on effect of the increasing stability in Florida's job market is that the property market is also stabilising.
 
This is especially true for the domestic market, although overseas investors remain far more active in Florida than elsewhere in the US, attracted by the improving economic conditions. Launching a new investment project in Orlando on 1st November - The Club at Sunset Lake - the UK's leading property investment company, Brookes & Co, recognised this opportunity and offered, through the new project, buyers the chance to capitalise on this.
 
The project presents a brand new gated development to the market, situated in the heart of central Florida and close to all major amenities, and offering a 5-year rental guarantee with a 6 per cent return after all costs.
 
within the period of under four weeks since the launch, Brookes & Co have already sold 83 per cent of the units available.

Philip Button, Managing Director of Brookes & Co, comments: "The increasing levels of employment in the state are driven by four key factors: Leisure, Medical, Transport and Agriculture. Individually, each of these facets are key to the economic workings of Florida, but together these sectors influence not only the success of the Floridian economy but also contribute wholeheartedly to the coffers of the US in general terms."