Disney Expansion making Orlando boom for Brazil Real Estate Investors
Nakamura, a Brazilian by nationality brings in $2,900 per month from a three bedroom vacation home bought in 2017 for $330,000 at this place called The Grove Resort & Spa, once a deserted shell around four miles from Disney’s west gate.Nakamura represents a trend in Central Florida. Benchmark Resorts & Hotels manages the landlord’s property and the owners collect a portion of the rental income.Encore Resort in Orlando is not run as a hotel but is a single-family home complex that is part of the Disney rental home network.
Foreign investors -which make up the bulk of the buyers -are getting a vacation home with the property value upside that comes with owning real estate circumnavigating a city that just brought in a record-breaking 72 million tourists in 2017, mainly because of Disney World. The fireworks from Disney can be heard clearly blasting off nightly from The Grove Spa and Resorts.
Disney is expanding, Central Florida is benefiting from that, as South Florida has been maxed out. The international investor has been the predominant investor in South Florida and they are now looking at Orlando because the returns are good and all credit goes to it’s tourism.