Daytona Beach Real Estate Investment News

Would you consider investing in the fastest growing winter beach destination in the continental United States? Did you know, Orbitz recently named Daytona Beach, FL the second fastest-growing winter beach destination in the country, and, number 1 on the mainland? First place went to Maui, HI. Orbitz is a leading on-line travel service based out of Chicago. They based their ranking on percentage of growth of hotel bookings from 2005 to 2008. Orbitz attributes Daytona Beach’s popularity to the “23 miles of sandy beaches” and all the on & off beach activities for families.

Other special events include the upcoming Daytona 500 – the 50^th annual race, the 400 mile Nascar race in the summer and two Bike Week events accounts for many travelers coming to this area every year. What does that mean for us real estate as home and condo investors? After the hurricanes of 2005, many of the smaller motels & hotels took their insurance money and closed shop. Many travelers are now opting for condos or condotels for their vacation or business stays.

Lower prices and higher demand for this type of property should equate to a sound investment for the savvy buyer. Investors owe it to themselves to give Daytona Beach, Ormond Beach and Daytona Beach Shores a serious look. There are many condos and homes for sale in the Daytona Beach area that can provide significant income streams through seasonal and event rentals.

Technorati Tags Condos, Daytona Beach Real Estate, Homes for Sale, Real Estate Invesment Daytona Beach, Rentals