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Obama’s tourism drive could boost demand for properties in Florida

  
  
  
  
  
  

President Barack Obama visited Orlando, Florida last week to announce new international travel policies, in a move which could further boost international demand for properties in Orlando, as well as the wider Florida property market.

Obama wants to make it easier for tourists to travel to the Sunshine State, and is specifically targeting growing economies, such as China, Brazil and India, which could drive greater demand for holiday and investment properties in Orlando. describe the image

Demand among overseas nationals, including Chinese property investors, for properties in Florida has increased in recent years, as buyers look to take advantage of the recent market crash and purchase reduced priced homes.

“The more people come to the country, the more money they are spending … and obviously this has a stimulative effect on the economy,” a White House official said.

Certain changes could make the U.S. and Florida more appealing, such as more consuls dispatched to Brazil and China to reduce visa processing times and faster airport checkpoints for “low risk” visitors.

“America is open for business,” Obama declared in a Disney theme park. “We want to welcome you.”

 

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