For a long time, Miami was above all a tourist destination with a great weather, beautiful beaches and amazing water views. Nowadays, this paradise on earth has become a luxury market which was ranked the tenth top destination of worldwide luxury properties in 2013.
What distinguishes the Magic City from London, Hong Kong, Paris or New-York? The price per square foot is so much lower! While London’s average square foot price was $4,683 and $829 in San Francisco (9th city), Miami’s was only $559 on average in 2013.
In this repost, luxury condos are defined at $1 million and higher. Not only Miami is very well ranked but these high end properties sell at a faster pace than three years ago. On average, they stayed on the market 213 days in 2011, 175 in 2012 and 130 in 2013.
Nowadays Miami is officially an amazing place to live where buyers can get a lot for their money. This city now has stunning condos with state-of-the-art amenities as well as amazing bay or ocean views. In addition to that, Miami’s cultural life is on the upswing. If you don’t like to sunbathe on the beach every weekend, you can easily find many other activities to do starting with golf, boating, museums, and musicals. Finally, the cherry on the cake is that Florida is one of only seven US states which do not levy income taxes.
So hurry and move down here!