What's with all the Rentals!


Is it just Naples, or is everyone having the same experience as I am? For the past few months, sales have been picking up, but I am finding that rentals are also on the increase, in fact I would say that around two thirds of my leads in the past month have been for rental properties, not just the lower end clients wanting a cheap condo, but also clients up to $8000 a month (which is huge, but not that unusual here in Naples in the winter season). Are we looking at potential home owners wanting to move, or is it a new type of residents, who only want to rent property and may never take the step towards home ownership? Is this a Naples phononemon I guess is what I am asking?

Dependably yours,

Joe Epifanio
Managing Broker
Engel & Voelkers Olde Naples


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