Investors Worldwide Anticipate Booming Miami Real Estate in 2015December 3, 2014
As the city of Miami continues to evolve, it remains a popular choice for property investors. This city isn’t the only globally recognized place for fun in the sun and beach, but it continues to stand out as an investor choice.
In 2014, Miami-Dade home prices rose from 8.9% from the previous year according to the Miami Association of Realtors and even though Miami is mentioned in the group of other leading world cities like London and San Francisco, the median sales price for homes in Miami is just 245,000.
Miami is also known for key elements that makes it stand out as a great choice for realtor investment, including possessing Alpha World City status and being ranked as “America’s Cleanest City” by Forbes Magazine. Also, a very unique element of Miami is that it is known by residents and visitors to be the the unofficial Capital of Latin America, filled with Latin American culture and residents that makes it a very unique U.S. city.
Due to it’s geography, Miami is also the busiest cruise passenger port in the world, plus it is the home to over 1,400 multinational company headquarters. Miami also offers a booming fashion scene, amazing shopping options, a wide variety of entertainment, and international banking.
Miami is also expected to go through a significant economic and real estate demand rise due to its growth as a significant international art and design hub as the Design District, Wynwood and Perez Art Museum Miami are encouraging the city to reach new records on lists of the wealthiest international property investors.