WHY SOUTH FLORIDA?
Continued Future Demand
“The economic expansion happening in Florida will continue to cause a demand for residential real estate. The state is becoming the land of opportunity and financial freedom.” - Forbes July 9, 2021.
“Most experts believe the real estate market will continue to boil for at least another year, either well into 2022 or even 2023” - Sun-sentinel June 7, 2021.
Sales Prices Increasing
“Single family home sales increasing by over 24% and median sales prices growing by nearly 18% compared to a year ago.” - Roofstock - July 5, 2021
Tax Relief
“A resident of Florida doesn’t pay state income taxes. Instead, Florida’s income is generated from sales tax and excise taxes. Living in New York City, however, adds about 13 percent to your tax bill for state and city taxes. For New Yorkers earning $1 million per year, that’s a savings of $130,000 per year.” - Fox Business - May 21, 2020
Increasing Demand for Rentals
“While rising prices may be bad news for many homebuyers, its music to the ears of rental property investors, helping to explain why rental growth and demand for rental property is so strong in south florida.” - Roofstock - July 5, 2021
Incredible Weather
“Honolulu and Miami drew out-of-state buyers moving into the market. For those able to work remotely, both offered a desirable destination in a warmer climate.” - Miami Herold - July 22, 2021
Job Opportunities
“Even Big Tech companies are relocating to the area.” - Forbes - March 26, 2021