Figures published by Visit Orlando have revealed that 55.1 million people visited the Floridian city in 2011, making it a more popular tourist destination than New York.
The news is welcomed by realtors in the city, who now have to bring increasing numbers of property to market to keep up with a growing demand. As the backlog of repossessed properties continues to be cleared, especially by cash buyers from overseas, Orlando and other popular areas of Florida are being threatened with having not enough properties to meet demand.
Adam Cornwell, Managing Director of Feltrim International, says, “For us, as estate agents specialising in the second or holiday home market, these visitor figures are extremely positive. Yet, despite having a variety of new developments, single family homes, pre-tenanted condos and foreclosures in our portfolio, our challenge now is to find more good quality property to promote and sell. Several clients who holidayed in Feltrim's Mediterranean-styled Tuscana resort packed with leisure facilities went on to buy their own unit for a knock-down price of 105,000 US dollars for a two bed – this confirms that the demand is there and we need more of the same to bring to market.”
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