Will the Republican National Convention Impact Tampa Real Estate Market?

Published by nora | Filed under Buyer / Seller Tips, Market Trends, Real Estate

Economic impact projections for the 2012 Republican National Convention in Tampa have highlighted the expected upsurge of customers for the area’s hotels, restaurants, taxicabs, buses, tourist attractions and small businesses such as photography, flower delivery and arts and crafts enterprises. Will the RNC also help push the Tampa real estate market?

The convention will be held for four days in August, and it’s expected that around 50,000 people will come to Tampa, including 15,000 media professionals. These people will, of course, focus on convention events, but they’re also expected to go around and experience the city’s attractions and night life. We can also assume that a number of them will think of coming back.

Here are ways that the Republican National Convention may give the Tampa real estate market a big push:

Prospective retirees might like what they see

Attendees looking for a place to spend their retirement years might get enamored with Tampa and consider exploring properties here. They might like the unique blend of the urban and the rural and of the structures and the natural in the Tampa Bay area. They’ll see that they can live in serene surroundings, yet have quick access to various facilities and activities that make life more active or more meaningful.

In our work as Tampa real estate professionals, we often receive emails saying they’ve attended an event in Tampa and liked what they saw, and asking for help in finding a Tampa home to move to.

Prospective investors will have actual view of the profitable market they’ve read about

They’ve heard about the abundance of investment properties in the Tampa Bay area; now, they can take a look. Some of them may be contacting agents before the convention to schedule some time for viewing properties.

Local small business owners can earn money for housing

Small business owners, particularly those that will be selected by the RNC to handle certain services during the convention, are expected to earn a windfall. They can use this to move up or to finally buy that home they’ve been checking.

On the whole, convention participants will be able to realize the pluses of living in Tampa, which include the following: