A new proposed state law could potentially lead to increased demolitions in coastal cities, which is seen as a troubling development. The law would limit the local government’s control over building regulations, and it would allow private developers to demolish buildings. Critics argue that this could lead to excessive development and demolitions, particularly in environmentally sensitive areas. Coastal cities, which are already facing challenges due to rising sea levels, are likely to be the most affected by the proposed law. Miami Beach would not be protected and all the Art Deco buildings may be impacted.Read the rest of this entry »
Tag Archives: real estate
How developers have to be creative to lure new tenants?
Luxury real estate developers offer amenities programming to entice tenants to pay high rents. This programming goes beyond the usual perks of a gym or a pool and includes activities like cooking classes, terrarium building, and happy hours. The idea is to provide tenants with a social life and personal taste, without them having to leave the building or deal with other problems that can occur in a city such as traffic or transportation.Read the rest of this entry »
Tom Brady and Gisele Bündchen’s South Florida real estate portfolio
Tom Brady and Gisele Bündchen are undoubtedly one of the most influential and successful celebrity couples in the world. In addition to their impressive careers, the couple has also built an impressive real estate portfolio that spans across several states, including South Florida.Read the rest of this entry »
Florida, The Best State to Retire in 2023
Choosing the right state for retirement can significantly impact the overall quality of life and on your income. In this article, the top states for retirement are ranked based on criteria such as taxes, cost of living, and climate.
The seven states with the most favorable tax policies for retirees, including no state income tax, no tax on retirement income, and discounts on other taxes, are Florida, Alaska, Georgia, Mississippi, Nevada, South Dakota, and Wyoming.Read the rest of this entry »
What future for the Miami Deauville Resort ?
On November 8th, Miami Beach’s residents rejected the measure that would have given the ability to transform the Deauville site into a larger project. Unfortunately this vote didn’t prevent the developer from tearing down the building. On November 11th, the last occupants left the building.Read the rest of this entry »
How to know when to buy a property?
When it comes to buying a property, we all have various motives, but one we would all agree on would be: to avoid losing money by any means!
Eventually, you can reduce the risks of buying the wrong property, following the advice of your realtor, or real estate professionals in the designated area.Read the rest of this entry »
Will COVID-19 be a fatal blow for Airbnb?
The home-sharing market around the world has been extremely affected by the COVID-19 situation. Flights getting canceled and people scared of getting infected or spreading the virus has created a huge wave of short term rental booking cancellations that have seriously affected Airbnb hosts. The real question is can the industry’s leader survive to this lockdown?
COVID-19 and Miami real estate? So far, so good…
It seems strange and unreal that real estate hasn’t shown a dramatic slow down in sales due to the Coronavirus crisis, but that is exactly the case for Miami-Dade County. Real estate hasn’t suffered as much as most of us thought it will. Pending contracts keep converting into closed sales and sales keep increasing month to month. With 465 closed sales of single-family homes in the first half of March and 557 closed condos, there was a 4.5% and 14.1% increase respectively compared to the first 2 weeks of February.
Why are domestic property buyers taking their time?
The New Federal Tax Law signed at the end of 2017 by president Trump has clearly created a new trend of Tax Refugees trying to escape the high taxes of northern cities, to the shiny and tax privileged Miami. The most affected ones are the wealthy property investors after the law reinforced a deduction for state and local property taxes at $10,000. However, this doesn’t mean that these buyers are in a rush for changing residency and moving out to Florida.
This story has been all over the news, with shocking headlines it might have been misinterpreted as a drastic and radical movement that was happening from one day to the other. Nevertheless, this is not precisely the reality.