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Why New Yorkers aren’t thinking twice before moving to Miami?

Why New Yorkers aren’t thinking twice before moving to Miami?

We’ve been writing about how the Tax Cut and Jobs acted signed by Trump in 2017, has made Miami an investment paradise for Tax Refugees (wealthy buyers investing in South Florida looking for a tax break). New York has been one of the best examples of how high tax immigration to the sunshine state. As a consequence, Florida is now the 3rd most populous state in the country.

However, this is not the only reason why people are moving to Miami and why the population has almost doubled since 1990. It seems logical for hard-working New Yorkers to think about their retirement and do the math of how long would their money last with the incredibly expensive lifestyle of the Empire State city compared to Miami.

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Posted by on May 9, 2019 in News

 

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How the Miami River has flourished?

How the Miami River has flourished?

It is known that all great cities have been built along rivers. New York, Paris, London, Chicago, are just a few examples. It would be impossible to say it is just a coincidence! There a lot of riverfront advantages that have helped the commercial developments of cities. The half-mile long Miami River is not the exception. Miami was meant to be one of those big metropolises.

The 5.5-mile long Miami River is one of the most unique and authentic features that characterize Miami nowadays. It is so hard to think that it hasn’t always been this way, but it is actually the case. In 1950 the Miami River had a really bad reputation as everyone considered it like a cesspool. It was the last city in the U.S that pumped sewage into the river. It was only used for hosting cargo ships and marine repairs. Nowadays the story is completely different.

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Posted by on April 26, 2019 in News

 

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Foreign investors are back in town!

Foreign investors are back in town!

Foreign buyers have been the #1 buyers of South Florida real estate for more than a decade. However, for the past few years, there was a tremendous decrease in Latin American buyer’s activity due to inflation and unstable local governments. However, according to the Profile of International Home Buyers Report of 2018, there was a rose of 23% of foreign purchase activity in 2018 compared to 2017. Out of those foreign buyers, Brazilians are in the top of the list.

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Posted by on April 12, 2019 in News

 

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Miami is more than just a beach town!

Miami is more than just a beach town!

For the past 10 years, Miami has been facing a speedy cultural development that hasn’t been fully followed by the rest of the World. That is why people improperly think that Miami is not a “serious business city” where you can actually go other than on vacation.

Miami is not only a “cool” vacationing location anymore. A strong cultural identity has been created and “developed” in the last decade. As a citizen of Miami, I have to say that I’ve noticed the whole path that Miamians have been following for the past decade. When I imagine what is Miami now, I have a large list of characteristics that top my head. Art, sports, entertainment, business, food, transportation, and those are just a few to mention. Nonetheless, that is not everyone’s opinion.

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Posted by on March 22, 2019 in News

 

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5 Reasons to buy in Brickell

5 Reasons to buy in Brickell

The population rate in Florida has the second-fastest rate among the rest of the country. Brickell has shown a special rise of the population since 2000, and there is no sign that the growth is going to stop.

Residents are replacing the beach, for a neighborhood as Brickell that is offering a large list of advantages. Let’s go into detail to explain the 5 reasons why this neighborhood is the trendiest area in Miami right now:

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Posted by on March 5, 2019 in News

 

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TOP 6 ARCHITECTURALLY STUNNING MIAMI CONDOS

TOP 6 ARCHITECTURALLY STUNNING MIAMI CONDOS

Little have we discussed about to the current Miami condo’s oversupply. There are new constructions in every corner, that have pushed developers to find new ways of differentiating and stepping above their competitors. This new strategy is modifying Miami’s skyline.

Local developers are now outsourcing the exterior design to famous international architects. Buyers have so many options nowadays, that every detail counts when trying to be more appealing to luxury-seekers. From the parking garages and storages till the outer design of the tower, everything counts!

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Posted by on February 7, 2019 in News

 

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How to compete in the rental market?

How to compete in the rental market?

In the past, Miami’s developments were strictly targeted to buyers. Developers were building with the only purpose of selling as many units as possible, but we have seen in the past few years the beginning of a new trend. Miami is becoming more and more a city of renters and even more short term renters. This has pushed high-end units to change their strategy.

In a seasonal city as Miami, units are more attractive if they allow rentals, the shorter the better. For instance, new developments as the Panorama Tower on Brickell, unlikely its older peers, is now seeking to target leasing deals.

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Posted by on January 25, 2019 in News

 

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