The easy access to a mortgage loan, its tropical beaches and its Art Deco architecture, make Miami one of the most prosperous cities in the United States in Real Estate.
Is Miami a good place to invest?
Miami is on the list of best American cities for real estate investment. It’s boasting an 18.6 percent return year by year. Because local real estate prices are affordable compared to other major cities in the US.
How is the real estate market in Miami?
The data confirm that in Miami property sales continue to increase. February was the best month in Miami-Dade County’s condominium sales history, posting a 13.2% increase over last year, according to the Miami Association of Realtors.
What is the hottest real estate market in Florida?
Zillow named Tampa its hottest housing market for 2022, according to the newspaper, and Redfin’s list of the 10 top neighborhoods included eight in Florida. Naples and its neighboring cities along the Gulf of Mexico are known for white sand beaches, fishing, dolphins and sunny golf courses.
These four reasons that place Miami among the best cities in the United States with the highest utility in the Real Estate market, according to a report published by Zillow. A vibrant city that is growing culturally and financially, an example of which is the Wynwood and Brickell areas. Also, one of the largest merchant and cruise ports in the region:
- Affordable prices
Miami is a relatively new city, in addition to having many land lots, low taxes and maintenance and living costs than other major cities in the United States.
- Easy access to mortgage loans
Obtaining a Real Estate mortgage in the United States is very simple, whether for residents or foreigners with business or tourist visas. Miami is a relatively new city where there are many business opportunities, a multicultural city. Fewer property taxes make the market more attractive
- High rental income
Over 70% of the population is rented, in addition to low Real Estate Taxes. The low unemployment rate of 3.5%. Great rental opportunity using apps like Airbnb due to the massive tourism market every year.
Miami is an excellent tourist, cultural, and culinary destination, but its main attraction is its beaches and coastline. Many people emigrate from the cities of the North of the United States and Canada fleeing the cold climate. It is also the epicenter of all of Latin America, making it the Latin Capital of the United States.