Miami is a city in the United States located on the Atlantic coast in southeastern Florida in Miami-Dade County. It is the largest city in Florida and the largest metropolitan area in the southeastern United States.
The climate is tropical monsoonal with hot and humid summers and short, warm winters.
Miami is one of the most important financial, business and cultural centers of the USA. It is the main center of trade, finance and large transnational business groups. Downtown Miami has the largest concentration of international banks in the US and is also home to many major national and international companies. Tourism is also an important part of Miami's economy. In addition, Miami is an industrial center, mainly in the field of mining and storage of rock.
Benefits of living and investing in Miami:
- favorable climate (warm ocean, sunny), picturesque nature, sandy beaches;
- the ideal location of the city;
- popularity among tourists;
- the cosmopolitan atmosphere and rich cultural diversity of the city;
- consistently high standard of living and wages;
- developed system of social and medical support, service sector;
- excellent infrastructure;
- economic stability, which guarantees investors confidence in the future;
- a wide selection of apartments for every taste and budget;
- a service for accompanying a foreign investor has been developed, which allows you to make transactions without crossing the border of your homeland;
- the system of credit programs facilitates the purchase, including for foreign citizens.
How to profitably buy an apartment in Miami: offers on the market
The high demand for secondary real estate in Miami for several years in a row leads to a constant increase in its value. An important argument for buying a home on the secondary market in Miami is a wide selection (luxury, one-room and three-room apartments, studios, etc.) of quality apartments. Construction in the country is controlled at all stages by the municipal authorities and is carried out only by those organizations that have the appropriate license, therefore, objects that meet strict building codes are presented on the local market.
Investing in resale properties in Miami generates passive income (rental, resale) that will remain consistently high in the medium term, given the rise in housing prices in the city. It is obvious that apartments in Miami are often quite expensive projects, but the level of income fully justifies the investment and provides a relatively short period of profitability.
The city's most popular neighborhoods now include Wynwood, where apartments are bought at relatively low prices but rented out at high rates, which is profitable for buyers. Edgewater is another suitable place to invest in Miami condos.
Buying apartments in Miami is becoming more profitable every year, as the main feature of the city is tourism. Accordingly, the most popular, liquid and attractive resale for purchase is located near the ocean.
Website for buying and selling apartments in Miami
The GEOLN.COM real estate website with a user-friendly search interface helps investors to find and buy apartments in Miami; thanks to which you can quickly and easily select apartments according to the required parameters without intermediaries, and take advantage of expert advice. The catalog contains verified objects of the city, which are placed on the site by homeowners on their own.
The cost of an apartment in Miami
The price of an apartment in Miami depends, first of all, on the location of the object, and is also evaluated according to criteria such as the age of the residential complex, distance from the ocean, the class of the complex (regular or luxury).
The average cost per square meter in Miami is $3,600. So, in Miami Beach, the price is about 5,000 USD per square meter. In the southern areas of Miami, where the beach is just a few steps away, the price is the highest - up to $ 20,000 per square meter. Luxury housing will cost several million dollars. Cheap apartments in Miami can be purchased on the outskirts of the city, or in the suburbs, away from the Cote d'Azur and the center.
How to buy an apartment in Miami: the nuances of investing
In order to buy an apartment in Miami, foreigners do not need a special permit, since US law does not restrict the sale and purchase of residential properties by foreign citizens on the secondary market.
Before buying, we recommend not only viewing the photos of the selected object, but also reading the reviews of the residents of the house and the area.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment in Miami from the owner according to individual parameters. The purchase and sale of apartments in Miami is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Buying a home in Miami is a profitable investment, a reliable way to save and increase capital in a city with a high standard of living, where well-developed infrastructure is combined with the possibility of an ideal vacation in one of the best resorts in the world.
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