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Orlando to live, to move

We are optimistic about Orlando’s economic recovery

Orlando and corona virusI’m happy to share with you that our city of Orlando is already returning to the “new normal”. The city has a complete plan in place to begin receiving tourists, an aspect that is the engine not only of the economy of this Central Florida region, but of all of Florida and that will help us achieve economic recovery.

After pause since March that lasted for several months, due to the COVID-19 coronavirus pandemic, commercial, sports and many social activities are back. Almost all theme parks, such as Universal Orlando Resort, SeaWorld, and Legoland, opened with new and enhanced safety measures required by health authorities. Likewise all restaurants, small businesses and shops, including large shopping centers. There are new guidelines for visiting them, but we must all get used to the new way of doing things: to stay healthy is the priority.

But I’m also happy to share the huge surprise that the real estate market gave us during all this time. At many local offices, including ours, we were able to continue doing transactions as scheduled prior to the pandemic. We had to make some adjustments, including virtual transactions, and there were buyers who were unable to visit us, or be here for the closings; others can’t see the properties that they want to buy. But thanks to technology, we were able to offer them all the services they needed and always be in touch.

It’s true that others decided to postpone their plans in the face of job loss or economic uncertainty due to the pandemic. However, although the coronavirus will change the world permanently, many have resumed their investment plans or purchase of their properties, whether for vacations, for long-term rentals or for primary residence.

Viva Orlando real estateWith demand for property purchases and also for rent, prices have remained very stable, and we did not see the dramatic decline that many anticipated. But we have seen some benefits for current buyers, including purchase incentives and also historically low interest in mortgage loans.

Due to the stability of the economy in the United States, even in times of pandemic, many people, including international buyers, are interested in making solid investments and having a long-term return on their investment.  They are considering purchasing more than ever today a property here in Orlando.

The facts are clear: Properties continue to sell, the ones with best prices and great conditions have multiple interested buyers, and the prices are great, especially when are compared to other Florida cities.

Now that many business have started to call back their employees, the Orlando Residents are also contributing in many ways to make Orlando return to normal. We hope that in a nearby future we can have here the millions of tourists we are used to receiving, and soon be again the number one most visited city of the United States.

This is the time to buy your property here. Call today, it will be a pleasure talk with you.

Milena – milena@vivaorlando.com