Miami is one of the most attractive cities in the United States for foreigners. About 51% of Miami’s population was not born in American land, and there is at least one foreign member in more than 70% of household families. The next question you might be asking yourself is: where do they come from? Well, more than 90% of Miami’s immigrant population comes from Latin America and the Caribbean. And they represent half of Miami’s total population.
Miami is not only a great city for immigrants to visit and enjoy, but also to invest in. A great part of these Latin Americans are investing in Miami’s real estate market every day. Why? Here are some reasons why this city is so attractive for foreign businesses.
1) Since more than 90% of Miamians are Spanish speakers, Latin Americans find Miami very cozy and comfortable. Immigrants can get the best from their home country, but in the United States.
2) Investing in Miami is not as hard as it might sound, you only need two licensed realtors for the whole buying-selling process. Also, it’s legal, and property rights usually make investors feel really comfortable and safe when they put their money in real estate.
3) Miami is a city that offers very low interest rates, and property prices are sometimes lower than in their home country.
4) The commercial assets in Miami are relatively affordable compared to other real estate markets from around the world. They often offer greater yields at lower costs.