Is lakefront property a good investment?
In order to substantially increase in value, a product or service must be in high demand and in low supply. Baby boomers are retiring to Florida with unprecedented wealth. They have sold businesses and real estate in other parts of the State or country and are moving to Central Florida in great numbers. In addition, many younger people are purchasing property knowing that if they dont buy now they will never be able to afford a lakefront home in the future. Florida lakefront and waterfront property is rare and in high demand. Over the past five years, Central Florida lakefront property has appreciated at over 30% a year and in some case is doubling and tripling in a very short time. How long this rapid appreciation will continue is anyone’s guess, but living on or near water remains one of the strongest reasons people give for moving to Florida. As long as people continue to want to live on the water, Florida waterfront property will continue to increase in value.
