Thursday, May 10 2007 @ 04:24 PM MSD
|Miami is undoubtedly one of the busiest places in the United States, what with its continually booming tourism rate and more people looking into it as a great place to retire. With its celebrity status, indeed, the Miami real estate market is on a high -- and it can only get better, as more opportunities open up and more businesses decide to set up shop.|
Miami is Florida's urban hub. Not only is it a prime location for growth companies, it is also a great recreation and residential haven, particularly for those who want to live near the coast.
Miami is practically surrounded by water, with the Biscayne Bay, the Atlantic Ocean, and the Everglades flanking it from almost all sides. If you've ever wondered whether the view from the TV series CSI Miami is too good to be true, a trip to the sunny state will have you admitting that it is nothing short of spectacular.
The beauty of Miami real estate is that it is unassuming. It lures investors and home buyers with its natural charm and relatively perky atmosphere. And because it houses the best of two worlds, that is, the Hollywoodish, celebrity partying world and the peaceful and calm retirement/suburban realm, anybody would easily fit in. Investing in Miami real estate, given the city's character, is definitely a wise a decision. When you think about it, you're actually getting yourself into a win-win situation.
If you're looking for a full home with a wide backyard, an apartment complex where doors open to a wonderful fountain in the middle (a la Melrose Place), or a condominium unit that provides an urban, yet homey feel, the Miami real estate market has something that will satisfy your fancy. And because coastal real estate industry is one of the best not just in the country but also the world, you will find that investing in a summer house facing the cool blue waters is an excellent spend.
If you're a real estate broker, you won't have trouble getting potential clients to take a look at the Miami real estate market. Miami belongs to the top list of cities where businesses and families wish to settle in. In fact, Fortune magazine says that the richest people in the world cite Miami as one of the most likely places they scour when they're looking for real estate to invest in.
With the growing number of baby boomers and high-income earners, it wouldn't be a surprise when the Miami real estate market booms further than it is already flourishing, at present. As more individuals increase their net worths and spending capabilities, the Miami real estate market is undoubtedly on the top of everyone's lists.
Of course, just because Miami is a very hot market doesn't mean you should just get into it without doing the necessary research. Investing in Miami real estate is the same as investing in any other market; that is, you need to understand market trends, the factors that push prices higher, the character and description of your potential clientele, the rate of return, and the laws that govern the Miami real estate industry.
Miami may be a booming territory, but none of these would hold any water if you are not equipped with the right real estate know-how to thrive and survive. If drawn carefully, investing into the Miami real estate market will definitely bear positive results.
Vanessa Arellano Doctor