Baby boomers behind booming Florida real estate

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There’s something appropriate about the fact that baby boomers are a major contributor to the booming Florida real estate market.

The National Association of Realtors named Orlando in its top 10 US markets that are expected to see the highest influx of baby boomers.

Just a few weeks ago, a survey of 1,000 relocating retirees from Where to Retire magazine found more than half (54%) chose the Sunshine State as the ideal spot in which to spend their retirement.

Overall, 19.1% of the Sunshine State’s population is already 65 and older, according to US 2014 Census measures and that is set to grow further. The total according to the 2010 census was 3,259,602. By 2030, that is expected to almost double to just shy of 6million.

This comes as little surprise, as we see many seniors – and those in their 50s who are making early preparations for retirement – looking to buy through Feltrim Group in Central Florida.

Among them are Snowbirds from the Canada and the northern states, who aim to escape the freezing and snowy winters at least for a few months a year and pensions from the UK and other countries who see Orlando as an ideal retirement area.

Feltrim Group Chief Executive Garrett Kenny says, “Many seniors look to buy condos because they are often cheaper to buy and owners don’t have to worry about cutting the grass or maintaining the properties.

“These days, seniors stay active throughout their life and they appreciate facilities at our developments including our resort-style pools, sports courts and cycle paths, gyms and spas and more.”

Of course, living near Disney, Universal and Orlando’s other world-class theme parks means that retirees have plenty of offers to host visits from grandchildren and other family members.

Those who have family already in the US and are entitled to come across, love Central Florida’s sunny weather, superb entertainment, sporting and cultural amenities, excellent healthcare and the fact that they can make friends and meet up with groups of like-minded people.

Annette Fuller, editor of Where to Retire magazine confirms that Florida is among the most popular choices for retirees. “Generations of retirees have sought after Florida’s abundant sunshine and plethora of outdoor activities geared toward active adults.”

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