Showing posts with label invest in 2016. Show all posts
Showing posts with label invest in 2016. Show all posts

Tuesday, February 9, 2016

The Rebirth of Little Haiti

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.

Miami’s charm makes it a truly metropolitan city; within just a few blocks you can experience a change in character. You can see murals that commemorate significant events in Haitian history while a trendy emerging area is on the other side of the block. Located at the North of Miami, Little Haiti is a happy and colorful place where you won’t want to miss the opportunity to soak up in Haitian culture, experiencing its flavors, sounds and dances.

The area boasts art galleries, Haitian book and music stores and is increasingly becoming a burgeoning center of small, independent businesses of all kinds. New bike lanes make it easy to explore this recently gentrified neighborhood.

It has seen a lot of changes in the past few years as the Design District has grown, expanded and the creative class has started to call the area home. Little Haiti is slowly being transformed and may be the next big thing in Miami. This will be a good place to invest in little apartment buildings, renovate and rent them out for a long term investment.


We chose a couple of properties as examples of this growing community:

A town-home style property. All units have been updated. It features tile and granite counter-tops and 1 assigned parking spot, just for $449,000. This is a great opportunity!







A great up-and-coming location: two blocks from Biscayne Boulevard, close to Design District, Midtown and Wynwood and only minutes away from Miami Beach and downtown Miami, just for $275,700.

Wednesday, January 20, 2016

Where to invest money in 2016

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.

Sources:
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