In particular, we have vacationed in the Florida Panhandle, Walton County, for twenty years - and love - the world class beaches, cheap prices - restaurants - fantastic beach houses for rent! We are so excited about the local - but what about the economic realities of buying property in Florida - in that time?
The Florida Panhandle has a strong and vibrant business tourism, with unemployment low. The new Panama City InternationalThe airport, which is expected to open in the first quarter of 2010, the region quickly on the Internet almost anywhere in the country and in Europe. The airport should provide a strong boost to the economy of the region, and should increase the demand for real estate.
We believe that the Florida Panhandle is a stable position in real estate investing time and that real estate values, although flat now (January 2008) upwards are likely to move with strength, especially for the sea front overlooking the GulfVacation Rentals. But this is our opinion! Here are some other opinions about the area.
CNN Money.com (February 12, 2007) chose Panama City, Florida as the # 1 states can invest in real estate in the United States.
American Express, says that the states of the Florida Panhandle is one of the top ten tourist destinations in the United States. The Florida Panhandle is second only to Florida in the Orlando area tourism.'s Emerald Coast beaches are world classattracts more than seven million tourists each year - more than any other place on the East Coast.
Walton County Realtors recognize that prices are cheaper than the record year 2005. But they are turning to 2008 looking for sales up, as more goods on the market. Many houses are lower than the cost of building affordable. "They are looking for a property in order to maintain for the next five years, it's time to buy today. We are still very undervalued compared to otherAreas of Florida. "
The St. Joe Company (NYSE: JOE), based in Jacksonville FL, the land is the largest landowner in Florida Panhandle, about 718 000 hectares of first possession - half of whom ten miles inland from the coast. It 's a large player in the region for many years, first as a lumber company, but the realization in recent years that the value of their land is much larger resort and property development has been. So now Joe S. isthe development owned enterprises with principal activities in Walton County fire.
After St. Joe's Investor Relations at the long-term prospect for the Florida Panhandle real estate is very strong.
and demographic and economic long-term will continue until 2030 in favor of Florida, whose economy is fundamentally different and strong presence of people of Florida. expected to raise millions of dollars to three-quarters (28.6) aside. Its rate of population growth in excess of regularthe rest of the United States: Over the past forty years the annual growth rate exceeded the U.S. average of 100%. Until 2010, in New York to go to Florida State is the third most populous.
The state is strong, the economy diversified media regularly far exceeds the United States, with a vibrant tourism, many high-tech jobs and a high-tech manufacturing firm. A busy military presence with a number of foundations for stability and development onEconomy of the region. Within the Florida Panhandle, Walton County has one of the lowest unemployment rates in Florida and the country.
Florida is the commercial center of 'Western Hemisphere. Geographical location and economic and political stability specifies the state at the center of trade and business in the western hemisphere. Residence Holiday sales remain strong for pensioners, because the state is a popular place for retirementRemovals.
North-west Florida, the beaches are the second favorite Florida, behind only Orlando. Beaches on the Costa Smeralda attract more than seven million tourists every year, more than any other piece of beach in the eastern United States.
Beaches in the Florida Panhandle have been assessed for some of the most spectacular of the nation and the world. Beaches in Walton, Bay and Gulf County were selectedNumber one ranking by Dr. Stephen P. Leatherman, an authority on beach quality and author of America's Best Beaches.
Northwest Florida boasts a wonderful climate with mild winters, abundant sunshine and clear days. The Florida Panhandle is in the area of the United States 8, the same climate zone famous place in residential areas like Hilton Head (SC), Amelia Island (FL), Kiawah Island (SC) and St. Simons and Sea Iceland (GA). The beauty of the state and the diversity of the landscapeis legendary. Northwest Florida has a unique geography, culture and cuisine that is very different from Miami or Orlando.
The Florida Panhandle attracts around seven million visitors a year. According to 100,000 Visit Florida, 'Florida's' visitors and tourism department, one third of tourists who come from families with incomes exceeding $ 75,000 and 16 percent from families with an income of about $.
The number of developments in luxury holidayNorthwest Florida is increasing. In places like Seaside, Rosemary Beach, Watercolor and WaterSound Beach, Golf-front have plenty of beach for $ 40,000 per meter for wealthy families who have chosen the Costa Smeralda sold.
The new Panama City airport will be built should now be operational in March 2010. This is a major international airport, the opening of the Florida Panhandle is easily accessible from the East and West Coast, Midwest, Canada and Europe.Previously, access to air was limited to regional airports.
Economists expect the new airport is a powerful engine of economic development for the region has become. Throughout history, airports have a strong track record for increasing economic activity development.
The new airport in Panama City will be built the first major airport in the country in almost fifteen years. As a major airport Greenfield site, offers new opportunities and greater flexibilityneeds of companies of air transport and logistics infrastructure.
There are similar strong development of the airport in Huntsville, AL, Savannah, GA, Jacksonville, FL, Fort Myers, FL, and Northwest Arkansas. All these airports have prompted a significant development adjacent.
The State of Florida weather, the first decade of the new airport would create new jobs to over 8,000 and 13,000 jobs at the end. A comparison is importantConstruction of the new Southwest Regional Airport in Ft Myers / Naples in 1983, had a great impact on property values. Since the airport opened in 1983 have a total value of residential property in the area average of eleven percent per year increases.
Fortune Magazine (October 14, 2007) chose the St. Joe Company as one of "ten best stocks for 2008," pointed to the long-term potential of the company and its commercial developmentlocated in the Florida Panhandle. The article says: "If real estate in Florida no return, investors will be kicking themselves for not recognizing stock price today of $ 28 for St. Joe Co (JOE) - Florida's largest private landowner - as a rare opportunity. "
In the rapidly changing economic environment, it is important to research and ask questions before making any investment decision choice. But the truth is that the north-west of Florida is a rarity, with a magnificentand a nice, mostly empty beaches. - As you sit on the air clean white sand with your feet in crystal clear water courses, with pelicans and seagulls flying head and dolphin cruise you realize that there are some significant assets here. The Costa Smeralda is a very special place - and can not provide accommodation near the beach!
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