There are countless reasons why the Naples area is a highly-coveted destination for both tourist and future residents alike. According to a new release by the Bureau of Economic Analysis, the Naples-Marco Island area ranked as the sixth most affluent metro area in the nation, with a personal income of $59,264 per capita. The national average was $41,560. Approximately 53% of personal income in the Naples area comes from dividends, interest, and rent, suggesting high involvement in investment and real estate (where the national average is approximately 16%). As mentioned in a report by Naples Daily News, this type of investing is common in areas with a higher percentage of seasonal residence and higher retirement population in which “passive wealth” is a source of additional income.
London Bay Homes has seen a steady increase in home building activity throughout the Naples and Southwest Florida area. With statistics like these continuing to fill our newspapers, it is difficult to ignore the benefits of investing in and building a luxury custom home in such a highly-desirable metro area. Visit our homes page to learn more about opportunities to build with London Bay Homes.
