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Florida Home to 7 of Top 15 Retirement Investment Cities

07/06/2013

Real Estate Investment in Florida

RealtyTrac released a special report on real estate investing in cities that are retirement hot spots – cities where at least one-third of the population is age 65 or older. Although Cape Coral, Fl did not make the list, North Fort Myers did, coming in at number 6. The article does not list the forty cities measured but I'm guessing Cape Coral Fl did not meet the age requirement.

It's not a surprise that the State of Florida had seven of the top 15 cities on the list. With its warm climate, golfing and water activities and no state tax, the older generation comes here to retire. I did. Florida also offers a slower pace when compared to many northeastern cities as I have found in Cape Coral, Fl.

Retirement cities, for the purposes of the report are those cities with at least one third of the population being 65 or older. There were 40 cities identified nationwide. Of the 40, 25 posted annual increases in median home prices and 27 had a positive capitalization rate. This suggests rentals in those places have a positive cash flow. 

I found the piece very interesting and good news for Cape Coral and Fort Myers Fl. Click here to read the entire article on real estate investing.

If you are interested in Cape Coral, Ft Myers or Southwest Florida real estate don't hesitate to contact me today at al@CapeCoralHouseForSale.com or give me a call at 239 738-8088 to discuss your needs. 

Click to contact Michael Rogala, Broker Associate or 

call 239-738-8088 today to learn more about Cape Coral, Fort Myers or Southwest Florida Real Estate!

Serving Cape Coral and Fort Myers - Lee County, Southwest Florida.