A STRONGER DOLLAR AND THE SOUTH AMERICAN POLITICAL AND ECONOMIC CRISIS START TO SLOW DOWN THE MIAMI MARKET BUT TWO BIG MONSTERS ARE MOVING IN TO COMPENSATE: MEXICO IS BACK AND CHINA CONGLOMERATES START TO BUY LAND AND PRESENT PROJECTS FOR APPROVAL.
Miami keeps escalating positions amongst the most desired cities in the world to invest. Climate, lower taxes, employment opportunities and lifestyle seem to attract people from all over the world (and other States). Prices yet lower than other major cities.
THE REAL ESTATE MARKET
Miami and Miami Beach have experienced an incredible growth attracting the rich and famous and the asking prices of new condominiums are breaking records. According to the 2015 Knight Frank Global Cities Survey, Miami is the sixth-most desired city in the world by millonaires, second to New York City in the U.S.A.
The Americans are re-discovering Miami.
Miami’s market was usually driven just by Latin Americans, many of whom were seeking a safe investment for their money. But the recent evolution of the city attractions and infraestructure is bringing in investors and residents from China, Russia, Canada, New York, San Francisco and other places. Some buying as an investment to rent, others looking to pay less taxes, better quality of life, jobs relocation, etc...
Prices are stabilizing, but records are still being set.
A penthouse at Faena House in Miami Beach that sold for $60 million in September broke several records, now is back on the market for $73 million,
Lawyer Jim Ferraro purchased a 6,644 sq.ft. penthouse at Palazzo Del Sol on Fisher Island that was listed for $27 million, the second of three penthouses to go under contract.
The river is experiencing a renaissance.
The Miami River was cleaned and is being beautified. Since there is no more land on the beach or on the bay available to build, now the developers started to work on amazing residential projects that include restaurants with docking, entertainment, boardwalks, marinas and reatil space. A great investment option.
Sales Associate Realtor
Property Express Realtors Inc.
Direct Line & Whatsapp: +1(305)775-8071
THE MIAMI BOOM
The U. S. today offers several options to obtain convenient work visas to the foreign investor. Special treaties with several countries open opportunities that should not be missed by those interested to start a new business in the U.S. Our prestigious immigration attorneys have more than 15 years solving immigration matters and will be glad to explain in detail which is the best option for you.
Here some links related to this matter: