I am assuming you are looking to take advantage of the current market conditions as an investment and you are not a typical 'vacation-home buyer'. If this is so, I think there is a lot of merit in this strategy, particularly for Brits and other Europeans.
Purchasing for long-term rental can obtain many of the benefits of the 'investment' angle, without the potential liabilities of short-term. This is always assuming you don't want any personal use out of the property.
This is exactly what we are recommending to our investor clients. If you ARE l;ooking purely from the investment angle, then the capital appreciation element is important to you., so you should be selective as to where you buy. This also holds true for rental potential.
Many communities way out on SR27 are â€œghost townsâ€, which is NOT good. Furthermore that area on SR27 has NO APPEAL to the â€œlong term rentersâ€ . You should also be careful when buying in a 'short-term' area, because some long long-term renters do not want to be in the middle of a dormitory town with frequent comings and goings. Having said that, there are a number of good communities where you can obtain both.
Just for your interest, the data we are receiving from the Orlando Board of Realtors indicates that since March of 2008 the number of existing home SALES has been increasing, which we are interpreting as price stabilization and inevitable price increases at some point in the unforeseen future. So that news coupled with our just having begun the SUMMER months (May, June, July, August) which are the PEAK â€œmove-inâ€ dates for LONG TERM renters (as well as prime Summer months being good for SHORT TERM rentals), leads us to believe that we have a fairly short window of opportunity to take advantage of current market conditions.
We are an international company with our own licensed people in Florida and Europe. We have access to ALL the properties listed on the Multiple Listing system in the areas you are looking at. We also have good experience in this area.
I personally am based south of London and would be happy to chat things through. We
Hope this helps. You can see our main website at: http://www.life-intl.com
but the Orlando website is shown below..