South Florida Real Estate Overview
South Florida real estate
The South Florida real estate sales activity is steady. New construction is underway to cover future tenants as well as international and domestic buyers. Funds to cover the construction cost are difficult to secure and therefore the majority of the transactions are in CASH.
The good thing is that properties listed for sale are sold fast providing they are priced right and they are marketed intelligently. The south Florida climate and various Requests for Proposals(RFPs) for strategic and key developments by the South Florida cities are some of the driving forces for residential and commercial south Florida real estate investments.
Anchors such as the American Airlines Arena, the Palm Beach Outlet Mall, the Sawgrass Mills shopping mall in Sunrise are some venues that trigger real estate new construction development. Areas such as the Brickell & Biscayne corridors, Las Olas in Fort Lauderdale, downtown West Palm Beach and Palm Beach Gardens are some that also attract investments. Other major factors in the South Florida real estate activity play the quality and locations of the Miami-Dade county public schools along with the ones in Broward and Palm Beach school districts.
Accessibility to I95, the Florida Turnpike along with the proximity to Miami, Fort Lauderdale and Palm Beach International airports is a big consideration in the Florida real estate investment decision process. All 3 intermodal ports in Palm Beach, Port Everglades and Miami are major hosts of domestic and international trade. Cruises to the Caribbean destinations and beyond attract on a yearly basis thousands of new visitors and investors.
International buyers from Venezuela, Argentina and Brazil play major role in the cash flow of the South Florida residential real estate industry. During 2014-2015 the Chinese cash buyers started investing in commercial real estate too. Traditionally the Chinese real estate investors were focused around California and New York properties but now they started realizing that South Florida has very comparable properties like the ones they are used to, but yet Florida real estate prices are well below the ones in California and New York. The Florida State taxation laws also help immensely in South Florida real estate sales.
The EB-5 US Visa that enables green cards to foreign investors who spend at least $500,000 upon arrival in the USA is one of the ways to help fund affordable housing that serves public workers, teachers and others.
Oxbow Realty provides a stellar service in real estate marketing for oceanfront properties and South Florida new construction. We produce results in listings sold in Miami Beach, Palm Beach, Sunny Isles Beach, Aventura and other coastal cities of the South Florida metropolitan area. Our experience and knowledge in the local real estate market is your guarantee in your next successful transaction. Miami Beach properties, luxury oceanfront homes, waterfront income properties are some of the types of transactions we work on a daily basis.
South Florida real estate prices became extremely attractive now and we hate to see that you lose the opportunity to invest. Our South Florida real estate listings sell fast for top dollar. Call today to get started.
Oxbow realty Inc. | Licensed Real Estate Broker | +1-561-404-4904 |