Is Arizona Recreational Property A Good Investment?

     Arizona has long been known for its sunny skies, warm climate, and breathtaking landscapes, making it an ideal place for recreational property. Over the past few years, recreational property in Arizona has become an increasingly popular investment option for those looking to diversify their portfolio and take advantage of the state's booming real estate market. 

    Recreational property in Arizona comes in many forms. From sprawling ranches to lakefront properties, there is something for every type of investor. The most popular recreational properties tend to be those that allow for easy access to outdoor activities such as hiking, fishing, and camping. These properties are often located in areas with stunning scenery and plenty of recreational amenities, making them ideal for those who want to escape the hustle and bustle of the city and enjoy some peace and quiet in the countryside. 

    In addition to providing an enjoyable experience for the investor, recreational property in Arizona has also been proven to be a great financial investment. According to the Arizona Department of Real Estate, recreational properties have typically seen an average return of 8-10% per year over the past decade. This is higher than the average return of residential properties, which usually range between 4-6%. 

Furthermore, recreational property in Arizona has appreciated significantly in recent years. This is due in part to the state's booming tourism industry, as well as the increasing popularity of outdoor activities such as camping and hiking. With more people looking to take advantage of the outdoor activities available in Arizona, the demand for recreational properties has increased, which has led to an increase in prices. 

    Overall, recreational property in Arizona has been a great investment in the past few years and is likely to remain so in the future. With its stunning scenery, warm climate and booming real estate market, recreational properties in Arizona are an ideal investment for those looking to diversify their portfolio and take advantage of the state's strong economic growth.

   Of course value is in the detail, just like any Real Estate, location and usability are critical.