Top 5 Reasons Why You Should Invest In Miami Real Estate Properties
The city of Miami has one of America's pre-major cities, regarded as the capital of the North and South America. It is home to a large number of multinational corporations, top-rated schools, high-quality infrastructure and a vibrant economy.
South Florida as a whole as well as a top-rated destination for foreign property buyers and investors. As a financial and transport gateway between the U.S. and Latin America, Miami, together with his closest neighbor Miami Beach, has long beenattract attracted many foreign investment.
The inflow of foreign funds, the city has a good place to invest in real estate Made
In recent years, the registration of foreign money has flowed in Florida anonymously to a strongly bubbling, as investors cash in excess of economic growth in Latin America are looking to benefit from rising property values the city, according to market analysts.
South Florida is a popular destination for Europeans, as such, portfolioManagers and institutional investors in many countries tend to see the Miami real estate market as a bargain even at current prices if the exploding property values in Europe, in comparison, as the euro has already gained strength in the dollar. Foreign investment now accounts for a large part of the sale of real estate. This, according to data from the National Association of Realtors, today can be about 15 percent of all home sales in Florida, with the estimated number is much higherin Miami Beach.
The bulk of this money will be used in mixed developments that blend high-rise residential units with some office, retail and cast the construction of hotels. Although some Florida-based financial institutions slowed down or temporarily reduced funding for new condominiums and waterfront projects in Miami, greater national and international banks are still active lenders in South Florida Real Estate Market
The condo market is still thriving
TheApartment-conversion wave can Ebbing, but rising costs for land and a growing number of urban residents will ensure that condos will be a great role to play in the U.S. real estate markets, "said a South Florida developer.
Current mortgage rates have fallen
Currently, rates on 30-year mortgages fell for the fifth week, as investors grew less than the threat of inflation stood anxiously. Mortgage giant Freddie Mac, recently noted that rates on 30-year fixed priceMortgage fell to 6.15 percent this week. That from 6.21 percent last week was the lowest figure for a 30-year mortgage since late October.
The interest rates on long-term mortgages slipped lower this week due to some economic data, leaned to a more subdued inflation in the near future, according to chief economist of the agency.
Florida median home sales prices would increase,
According to the Florida Association of Realtors (FAR), at home Sales statistics showed that home prices continue to rise, but the number of sales fell in October, especially in areas that directly drive hit by Hurricane Wilma's across the state. Many insurers stopped issuing new policies when the hurricane approached, Florida, and as a result, some lenders have a re-inspection of properties before they would release mortgage money.
Pre-Existing home sales are from other areas
Pre-sales of existing homes in Miami, Miami Beach and> Fort Lauderdale have shown that a sound investment, and better since 2000, developed as the S & P 500, a broad index of U.S. stocks. Miami real estate prices have exceeded the 20 regional centers and the nation as a whole, based on data from the National Association of Realtors.
http://miami-realestate.net - Miami Real Estate
Danos tu comentario
Post a Comment