As the financial and transport gateway to the rest of the Americas, Miami and the surrounding city of Miami Beach has long attracted lots of direct foreign investment.
It's a fact that twenty six percent of all international property transaction take place in Florida, with California following suit. And many of these overseas home buying transactions take place in what is known as "America's Playground."
The City's Economy Is So Diverse
Tourism isn't the only economic driving force in Miami Beach. The city's economy is a truly diverse one, and in the recent years, it has expanded beyond its traditional tourism-based cash cow, to become a diverse and multi-dimensional hub of real estate, entertainment, health care, arts and culture.
This is where around 95,000 residents live, work, shop, go to school, do leisure activities, buy homes and retire. In the field of arts and culture, the city prides itself on the Miami City Ballet and the New World Symphony.
Location Is Key In Finding Good Investment Property
Location is vital in the property markets. The city’s famed South Beach district is one of the most popular areas of the area, and the district covers the southernmost 20 blocks of the city. This famous tourist destination was the original 'vacation' area and is an area that has a lovely collection of Art Deco hotels and apartment buildings.
For those wishing to buy homes here, the condos and townhomes in this area are blessed to be distinguished as being located on one of the most prestigious addresses in the US, and the demand for middle and upmarket real estate developments here is very high, which makes for a great investment. Aside from location, the area is also home to world-class restaurants, entertainment, and night life venues. The city’s famed beaches have also voted as one of the top 10 beaches in the world.
How Much Do The Properties Cost Here?
On Miami Beach the major factor that determines the price of a home or real estate development, is the location of the property. According to property experts, some of the truly pricey condos on this area now found in the Miami Four Season Residences. This newly completed condominium complex offers upscale condo units which are priced from around $ 700,000 to above $ 6 million.
These upscale developments have first-class amenities for upmarket buyers, with facilities like exclusive gyms and spas, wine and cigar lounges, restaurants and cafes.
As a mid-size US city, Miami Beach has a lot to offer its residents and visitors. The city is a continuing hub of activity, as more than $400 million of public sector funds are pouring for developments in public infrastructure and facilities.
While the improvements are under way, the city's tourism market is rebounding and the arts and cultural scene is buzzing with activity. It is estimated that around than 7.5 million tourists visit this city yearly, from all over the world, as this 7.1 square mile barrier island boasts of seven wonderful miles of white-sand beaches, fashionable dining, shopping, entertainment, cultural and nightlife districts, as well as a lovely collection of famous hotels and condo developments.
(VDr.)
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