MIAMI
Why Should You Invest in South Florida Real Estate?
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Demand for Florida housing is growing exponentially
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High Stand of Quality of Living
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With a large number of 2nd homes and condos, South Florida is prone to boom and bust cycles that stem more from investment hopes than housing needs. Add an expanding Latino population and waves of baby-boomers – 2 million retiring every year!
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The % of 2nd homes increases as you head North from Miami, to 20% in Palm Beach County. This large pool of empty properties is the swing vote in home prices. It can swamp supply during a downturn but also represents the desire of future retirees
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The economy of Miami itself is diversified – with an important finance sector. Healthcare is the largest creator of jobs in all three counties, and growing rapidly
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Home prices were strong in the last 3 years – up 40% and expected to keep rising 10% a year
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Because rents held up better than home prices during the recession, buying a property to rent out is an attractive option despite the recent rise in prices. With most the new healthcare and retail jobs paying low wages, the renting population will increase
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Population is growing at an uneven pace, slower in Miami, faster as you move up the coast
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Over the next 3 years, it is expected a 10% increase in housing needs in Palm Beach County – 30,000 owner properties and 23,000 apartments. We expect 25,000 of each in Broward, and in Miami 30,000 houses and 36,000 apartments
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New luxury neighborhoods are emerging in Miami
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Favorable Tax Climate
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No Capital Gain Taxes (“CGT”)
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No State Income Taxes
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No Estate Taxes = Investor’s return on investment will be much higher!
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Top Market for International Buyers
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Florida is the top state in the U.S. & Miami is the Top Market for International Buyers and is expected to outperform other U.S. markets long into the future
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Port of Miami
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"Cruise Capital of the World" with more than 4 million passengers a year
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Serves 240 seaports
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9 million tons of sea cargo
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Top markets: China, Italy, Hong Kong, Honduras & Brazil
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Port’s expansion in conjunction with Panama Canal’s enlargement
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Direct Flights to and from China, Latin America & Europe
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Gateway to the Americas
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Strategic location between Latin America & Europe; "Capital of the Americas" - perfect for business or pleasure
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Top Rankings
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Miami has the largest concentration of international banks in the U.S.
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Miami's skyline ranks 3rd in the U.S. behind New York City & Chicago & 18th in the world
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Miami is the only major city U.S. bordered by 2 national parks, Everglades National Park on the West, & Biscayne National Park on the East