Have you heard of the city of Tampa, which is located in western Florida, close to the Gulf of Mexico and along Tampa Bay?

The city has become one of the leading hotspots in the United States for real estate investors. For example, during the 2021 summer season, approximately 25 percent of home sales in Hillsborough County, Florida, were made by investors as buyers. While the post-COVID era has drastically changed the way consumers and investors deal with real estate, Paul Turovsky notes that “Florida is an incredible place to live and do business.” Turovsky adds that “the western side of Florida, particularly Tampa, sits near the largest port in Florida, and we have seen a significant amount of new demand from investors purchasing properties at record rates.”

When consumers first think of Florida real estate, they immediately think of more popular locations like Palm Beach, Fort Lauderdale, and Miami. But, while those parts of the state also see a spike in home buying and selling, Paul Turovsky from Tampa says that the western part of the state attracts the most buyer investors.

“There is so much opportunity in the Tampa Bay area of Florida that investors are driven toward,” says Turovsky. “I’ve personally represented some of the best-in-class investors in the country, and while most approach the real estate market from an investment standpoint, most investors are also looking to provide the community with desirable living communities, given the rich economic diversity that Tampa represents.”

“Tampa continues to become such a desirable city to invest in,” says Paul Turovsky. “As expected, we are also seeing home values continue to rise each year. We witnessed a significant acceleration of real estate pricing as we came out of the Covid-19 pandemic, mostly due to shortened supply and massive demand. Many investors and home-buying consumers were waiting for these prices to settle down. The good news is that while interest rates have gone up, home prices in the Tampa region are expected to continue to grow at more than nine percent over the next twelve months.”

The Federal Reserve System is raising interest rates this year, which they say is