gomiamicondos.com
Bendek Properties Miami Properties
Blog Home » International Buyers » Investing in Miami Real Estate Today

Investing in Miami Real Estate Today

Investing in Miami Real Estate today, the 2015 report from the Miami Real Estate Association is out and we are very pleased to report that there are only two cities in the entire United States that are listed in the top 10 most important cities for the ultra high net worth individuals, those are New York and Miami. Miami rating higher than Dubai Paris and Zurich.

Last year Miami was the eight fastest-growing city in the country and every day were seeing more than 1000 people move into the state of Florida, about 800 of those becoming permanent residents of Miami dade and Broward areas. Miami has worldwide momentum fact that makes it now the best time to invest in years, with industries from all over the world opening his corporate offices and headquarters on this strategic location. (Request a Free Miami Investing and Market Report)

 

Miami is one of the best place in the world to make business as of today, the city is finally growing exponentially with many national and international corporations investing on new mega mixed projects like the Brickell City Center, Miami World Center Mall & The Genting Center in Downtown, Design District, Downtown Doral, Aventura ParkSquare; this are some of the main structures that will change the Miami as we know it. The growth and the high demand it's just staring and it's going to be very expensive in the future, We are seeing increase in income that allows landlords to raise rents and the vacancy ratio of the city is less than 5%

Miami realtors association's 50 year history of data for the Miami market shows that the last four years a broken record for number of real estate sales, , now there's a different type of investor coming to the city today than it was in 2006 2007 2008, buyers have to come with a 50% down payment to get into pre-construction or 25% to 35% down payment for resale property, there is no longer no money down or 10% to purchase new residential residences like it used to be.

The great news is that Miami prices are still equal to where they were 11 years ago which was in 2004, what are those prices? well the median home sale price for single-family homes only $282,000 and for condominiums the median home sell price is $207,200, that shows you why Miami has so many affordable options compared to other world-class cities.

Luxury sales and I actually had a 2.3% increase, so our sales of been amazing and breaking records for four years here in the local marketplace we actually are still increasing in the luxury $1 million and over price point home, so we are up 2.3% even over last years record and our media sale price for luxury properties is $1.7 million. Great place to live and play today, as we all know that it has become the capital of South America.

Miami is the most the most international city in the entire United States we have more foreign-born residents in Miami and any other major city in the US and that's part of what is so welcoming and wonderful about Miami because no matter where you're from we have residence here who are also from your same region or country. When you're making an investment in Miami you want peace of mind that your investment is going to grow, make sure that whatever you get meets the 3 purposes of why people buy real estate, vacation home, primary resident or investment.

In the top 10 New York is number one London Hong Kong Singapore Shanghai Beijing and then Miami and so they also do a projection out 10 years and in 10 years it is still projecting that Miami and New York will be the only two US cities in the entire world that are most important ultra high net worth individuals come to Miami.

For more info please visit www.gomiamicondos.com or call us directly for free information to 305 771-1706, we will be happy to address your questions and guide you tru the process of owning a piece of this paradise still at a great price.

 

like what you're reading? Get it delivered straight to your inbox. Sign up now for our newsletters or Request our Miami Local Market Guide for Investors Buyers or Sellers

 

Disclaimer: ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING REPRESENTATIONS. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THE BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUES TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. OBTAIN THE PROPERTY REPORT REQUIRED BY FEDERAL LAW AND READ IT BEFORE SIGNING ANYTHING. NO FEDERAL AGENCY HAS JUDGED THE MERITS OR VALUE, IF ANY, OF THIS PROPERTY.THE INFORMATION PROVIDED ON THIS WBSITE, INCLUDING PRICING, IS SOLELY FOR INFORMATIONAL PURPOSES, AND IS SUBJECT TO CHANGE WITHOUT NOTICE.  MULTIPLE SOURCES AS THE MIAMI REAL ESTATE ASSOCIATION, LOCAL DEVELOPERS AND PROFESSIONALS.