Miami’s Growing Prospects in the Real Estate Market Segment
Tourism is arguably one of the most important assets to any economy.
United Kingdom, 5 August 2018 -- Florida continues to thrive due to the tourism boom and none more so than the Miami real estate industry.
Huge tourism numbers continue to increase the value of prospects for investors eyeing residential as well as commercial properties.
The US economy has been on an upward trajectory since 2008. This has translated into increased property values and more so, for the properties in Miami. With an increase of 1.2% in 2017, Miami waterfront homes for sale have a market value ranging from $1 Million upwards to an estimated $30 Million. Economic experts project growth in the US economy in coming years. The trickle-down effect is set to bump the value of the homes by an estimated 1.5%. Such projections point to growing investment prospects in Miami’s waterfront property.
Upcoming and already established residential and commercial properties have had a positive effect on property prices in Miami. Global firms are cashing in on this growth potential with five brands already setting up shop. Aston Martin, which is putting up luxury condominiums in downtown Miami is set to complete its project by 2021. Italian brand Giorgio Armani, is also working on a condo project. Porsche established $560 Million worth of property in early 2017 on the beaches of Sunny Isles. Missoni and Fendi add to the growing list of international brands setting up real estate ventures in Miami. Therefore, there is a strong likelihood of return on your investment in this sector.
Wondering about the all-important land issue? Land for sale in Miami ranges from $1 Million and above depending on its location and size. By partnering with OWN, you get access to the firm’s growing worldwide network of partners.
If you are looking to sell your land, commercial, residential property or business, be sure to list with one of the Licensed Consultants at OWN. Listing of a property is not an easy task. Most firms put it out into the market, without attaching a unique imprint to the property. It is thus categorized amongst various other properties. At OWN we value your investment. As such, our team brings on board a wealth of real estate listing and sale experience that is sure to get fair market valuefor your property.
With sales figures quoted at over $791.3 Million according to reports from the Miami Association of Realtors, the property market in Miami is indeed showing value growth to be taken advantage of, by both property buyers and sellers.
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Submitted by Damien on Sunday, 5 August 2018 at 3:40 PM
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