Why Miami Is The New Luxury Real Estate Hot Spot For Affluent Sunshine Seekers

Want to move to a sunny coast? With the continuous spread of the epidemic, more and more high net worth people have transferred their lives from major cities in the United States to Miami this year, and now Britons looking for overseas life have begun to follow suit.

There are long beaches, bright sunshine every day, and charming urban scenery. It is a picturesque destination with many favorite places. There are a series of luxury coastal houses on both sides of the coastline. It is hopeful to live among some of the most famous stars in the United States. There are many things that can be provided for those who seek a better life. Miami is a melting pot of rich cultures all over the world. At present, Miami considering as the seventh-largest global city in the United States and the healthiest city. Therefore, it may not be surprising that Miami has become a city in the spotlight in recent months for various legitimate reasons.

COASTAL CITY

In recent months, this dynamic coastal city became attractive for everyone from A-list stars to business tycoons. As many as 1000 people claim that Florida is their hometown every day, and the prices of luxury apartments and coastal villas have hit an all-time high.

Recently, some news reported that Ivanka Trump, the eldest daughter of former President Donald Trump, bought a large area of land in Miami Beach for a dazzling $30 million. It has a total of whopping 29 residences and coming complete with its own 13 police officers. This is the best example of the price people are now ready to pay for shares in the region. Also, Tampa Bay Buccaneers star Tom Brady will soon move to the same place Indian Creek Island, which is obviously quite attractive.

It’s not just Miami’s beachfront location that attracts people’s interest. Downtown Miami gives people a dense urban feeling. There are too many fashionable restaurants, bars, cafes, and parks in Miami. They make it one of the best places to live in the city. With a number of public schools above the medium level, it is a very attractive prospect for families with children. Provides a prosperous scene of world-class entertainment, outdoor entertainment, sports, and historical and cultural attractions. The choice of luxury real estate in downtown Miami makes it a hot spot for foreigners and investors.

Miami’s luxury real estates

But why now? It seems that the lockdown measures across the country – and in the UK – have served as a catalyst. A catalyst for many people to reassess the importance of family space. A catalyst for those who have plenty of equity in their houses is clamoring to take advantage of the current low-interest rates and try to do something that is a lifelong dream for some people. Mortgage rates are at their lowest point, which is the best time. But as demand increases and inventory decreases, Miami’s luxury real estate prices begin to soar, which is understandable.

This is the level of competition among those who want to invest in the region. Now more and more people begin to buy a property without even seeing it. Once someone enters the market, the real estate company will receive a large number of calls. Then they immediately respond to a large number of quotations.

Most parts of Florida were not under lockdown during the pandemic, while other parts of the country were closed. So it seems that many people are just scrambling to rebuild their freedom and are willing to pay any price. From March to August last year, reported that the number of people moving to Florida from cities such as New York, New Jersey, and Massachusetts increased by 4% – and the number continues to rise.

Wealthy British buyers are also increasingly interested. Although travel to the United States has been canceled for several months due to Donald Trump’s initial travel restrictions, this has not prevented them from investing. It remains to be seen whether they plan to make large-scale acquisitions after the world reopens. If not just want to take advantage of a huge investment opportunity. But we can be sure that the number of British buyers will increase in the coming months as people pay more attention to the quality of life than ever before.

Miami, Florida

Let’s face it, swaying palm trees, crystal clear water, and vibrant food scenes are very different from the gray winter we experience in Britain. So it’s easy to see its attraction. As further lockdowns potentially looming this winter, many people hope to take action as soon as possible.

Therefore, if you also want to move to a place where you can live side by side with the stars in the near future, don’t look further, because Miami, the sunshine state of the United States, ticks all the correct boxes and more.

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