Panama City Beach Named Best Place to Invest in a Vacation Home
Time and time again, Panama City Beach rates as a best place to invest in a vacation home. Why is PCB such a great place to invest? Let’s take a look at what various experts are saying and see why this area attracts so many vacationers and investors and what makes it such a good investment.
Panama City Beach rated as the #2 emerging destination in the WORLD!
The secret is out and now the whole world is starting to see that Panama City Beach is a great place to vacation, and a great place for investors. Tripadvisor has just named PCB #2 emerging destination in the world[i]. In case you are wondering, Martinique was #1.
Known for amazing white sugar-sand beaches, great food and family-friendly activities, Panama City Beach has been a solid performer for investors looking for an affordable beach-front home or condo to add to their portfolio.
Actually, most of our investors are hybrid-investors who are looking for a place they can enjoy with their families a few weeks a year, but also an investment which will generate revenue and appreciate in value. These investors typically buy to enjoy part-time and generate revenue now. After they retire they plan to live there full-time and enjoy the sun and sand.
While many visitors come by car, the Northwest Florida Beaches International Airport also gives people a chance to get here quickly by plane using American Airlines, Southwest, Delta and United. There are direct flights to Atlanta, Austin, Dallas, Denver, Houston, Kansas City, Nashville, St Louis and Washington DC. With just a short drive you from the airport, you’ll go from baggage claim to getting your toes in the white sandy beaches in just about 20 minutes.
Panama City Beach Consistently Named World’s Most Beautiful Beaches
The fact that Panama City Beach has 27 miles of sugar-white sands and stunning emerald green waters has also resulted in Tripadvisor has also named Panama City Beach as the #8 best beach in the US for 2020[ii] and ranked PCB #3[iii] in 2019 based on the quantity of traveler reviews and ratings on their site. All those happy vacationers lead to stronger rental revenue numbers for investors who buy a condo or home in Panama City Beach. Combine that with a reasonable purchase price for beachfront property and you can see why Panama City Beach is rated as a best place to invest in a vacation home.
Panama City Beach Consistently Rates as Best Place to Invest in a Vacation Home
Year after year, Panama City Beach rates in the top 5 as a great place for investors to buy a condo or beach home. In 4 of the last 5 years, Rented.com has rated PCB in the top 5[iv] best places to buy a vacation rental. For 2020, Rented.com expanded their #1 rating to include the whole Florida Panhandle, which covers Panama City Beach as well as 30A, Destin and the Pensacola areas.
Rented.com produces their reports focusing on home ownership costs, rental revenue projections, purchase price and appreciation. They use several key points to rate overall profitability of a short-term rental. These points include real estate price, vacation rental rates, insurance, taxes, and maintenance costs, and overall popularity of the destination. To help our clients make the best decision on investing in a vacation home or condo, we've created a 10-year investment spreadsheet which looks at these factors and more. As a buyer, this investment analysis give you a real expectation of various expenses including rental management, HOA fees, and much more. We create a customized version for every investment buyer we work with!
In case you are wondering, this is not the first time that Panama City Beach has been a top ranked place to invest in a vacation rental property. Panama City Beach finished a solid #3 in 2019[v], and in both 2018[vi] and 2016 Panama City Beach was #1.
How Do I Get More Information About Investing in PCB Vacation Homes?
Now that you see all the places that have named Panama City Beach the best place to invest in a vacation home, we know you still have questions. It can get overwhelming to decide if this is the right area for you and to figure out next steps. That's why our website is loaded with resources to help. We suggest Panama City Beach – Why Now is the Time to Invest? as a next step. Or better yet, give us a call and we can talk about your goals and determine best options Panama City Beach has to offer.
[i] Tripadvisor.com – 2020 Emerging Destinations - World
[ii] Tripadvisor.com – 2020 Top 25 Beaches in the United States
[iii] Tripadvisor.com – 2019 Best Beaches in the US
[iv] Rented.com – 2020 Best Places to Buy a Vacation Rental
[v] Rented.com – 2019 Best Places to Buy a Vacation Rental
[vi] Rented.com – 2018 Best Places to Buy a Vacation Rental