Why You Should Invest in Miami Real Estate

The city of Miami has been one of America's pre-eminent cities, considered as the capital of the Americas. It is home to a huge number of multinational corporations, top-rated schools, high-quality infrastructure, and a vibrant economy.

South Florida as a whole is also considered a top-rated destination for overseas homebuyers and investors. As a financial and transport gateway between the US and Latin America, Miami, along with its closest neighbour Miami Beach, has long attracted a lot of international investment.

The Flow of Foreign, Funds Has Made the City A Good Place To Invest In The Property Market

In recent years, the entry of overseas money into Florida has flowed heavily become a gushing torrent, as investors awash with cash from economic growth in Latin America seeks to capitalize on the city's soaring property values, according to market analysts.

South Florida is a popular destination for Europeans, as such, portfolio managers and institutional investors in many countries tend to see the Miami properties market as a bargain even at current prices, whenever compared to skyrocketing property values in Europe, as the Euro has already gained strength over the Dollar. Foreign investments now account for a large chunk of property sales. This, according to data from the National Association of Realtors, now accounts for about 15 per cent of all home sales in Florida, with the figure estimated to be much higher in Miami Beach.

Most of these money is poured into mixed-use developments that blend high-rise residential units with some office, retail, and hotel construction. Although some Florida-based financial organizations have slowed or temporarily reduced financing for new condominium and waterfront projects in Miami, larger national and International banks have remained active lenders in the south Florida housing market

The Condo Market Is Still Thriving

The condo-conversion wave may be ebbing, however, soaring land costs and increasing numbers of urban residents will ensure that condos will continue to play a large role in the US housing markets, a South Florida developer predicted.

Current Mortgage Rates Have Dropped

At present, rates on 30-year mortgages fell for the fifth straight week as investors grew less worried about the threat posed by inflation.

Interest rates for long-term mortgages slipped lower this week due to some economic data releases that leaned towards more subdued inflation in the near term, according to the agency's chief economist.

Florida Home-Sales Median Prices Have Risen

According to the Florida Association of Realtors (FAR), home sales statistics have shown that home prices continued to rise but the number of sales fell in October, particularly in areas directly hit by Hurricane Wilma's drive across the state. Many insurers stopped issuing new policies when the hurricane neared Florida, and, in the aftermath, some lenders required a re-inspection of properties before they would release mortgage money.

Pre-Existing Home Sales Are Above Other Areas

Pre-existing home sales in Miami, Miami Beach and Fort Lauderdale have shown to be a sound investment, and have outperformed since 2000 the S&P 500, a broad index of U.S. stocks. Miami housing prices are outpacing the top 20 regional centres and the nation as a whole, based on data from the National Association of Realtors.

Hello, my name is Shishir Chakma. I am a 35 years old entrepreneur, investor, and marketing expert.