Miami is one of the six most important cities worldwide to invest in
real estate. It holds the title of the nation’s second financial capital,
behind the Big Apple. The so-called Coasty Cities are cities with better
prospects, great opportunities for investment and higher chances of revaluation.
These areas and buildings are known as trophy assets.
The Miami consumer is becoming increasingly sophisticated; the design
and positioning of the property are very important. What can be observed in the
consumption of art, food, fashion and everything else is also increasingly
sophisticated, thanks to a significant concentration of money that benefits the
city.
According to Miami Diario, in 2016 you must invest in inland Florida.
There was no investment made by investment funds or foreign investors,
therefore, the values have plenty of room to recover. The business opportunities
are in these areas. If you want to enjoy a property, it is ok to buy
oceanfront, but today that is not a great investment. Today, good business lies
in class B and C assets. The low-price cycle of premium products is already
over, while there is still much room for class B and C to be revalued. It is a
matter of strategic investment. Rent for such properties may exceed 13% and reach
up to 15% net.
One of the best places for this type of investment is the Miami-Dade
County. We find areas with excellent properties in them, such as:
Homestead: Growth is its watchword. More than half of its homes have
increased in value over the past 10 years, yet housing remains relatively
affordable in this 61,714 resident city. Sale prices over the past two years
averaged just $79.42 per square foot.
Pinecrest: Its population has grown a modest 1.54% in recent years, and
village leaders are thinking about expanding. A common discussion involves
annexing land west of U.S. Highway 1 to help build up the small village’s tax
base.
Aventura: This diverse and growing community is known for its high
concentration of transplants from the Northeast, and its many high-rise condos.
Buyers will find an average sale price of $227 per square foot and options for
Intracoastal Waterway and Atlantic Ocean views.
Miami has matured a lot and, in doing so, has been dedicated to meeting
the demands of global buyers and investors. Our hope is for lifestyle trends to
continue, including emphasis on: impressive and durable designs of recognized architectural
firms, interior design representing the soul of a building, the continued
presence of brand buildings, and above all, a wide selection of amenities.
To find properties on sale or rent in those areas and more go to www.miamiriches.com.
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