Maria Elena PlasceniaThe director of sales for Fortune International Group calls Hollywood, Florida, a hidden gem that is expected to see substantial growth over the next five years.
“From a real estate investment perspective, Hollywood is highly attractive due to its strategic location, ongoing infrastructure improvements and relative affordability,” Plascia said. “The city is going through a transformation, and a lot of money is being invested in upgrades and improvements.”
Buyers interested in purchasing property in Hollywood are attracted there not only for the strong rental and resale prospects. Additional amenities include access to the city marina, parks and other year-round outdoor activities, walkability to the beach, proximity to two international airports, and an overall relaxing atmosphere.
However, Hollywood can’t stay under the radar for long. Because the city caters to buyers’ desire for a coastal lifestyle at a more affordable price than larger cities, Plasencia said there is significant interest from domestic and international buyers looking at the city as a long-term investment.