Miami?s Economic Growth Potential and the Opportunities It Presents for Investor

Posted by ownrealty on September 11th, 2018

Thinking of investing in the Miami waterfront property market? The time could not be any more ideal than it is now, since this buyers market is estimated to shift to a sellers market in the next 12-24 months. The Florida economy is on an upward trajectory, and it is expected to continue the growth in the next five years. 2018 has seen Miami’s economy grow from a 2.2 percent growth to a 2.5 percent growth.  Apartment developers and especially on the luxury market, have increased their investments. This indeed is welcome news for property owners and those looking to own a piece of Miami.

Miami’s economy is mostly tourist driven. The sheer numbers of visitors on the coast alone stands testament to Miami’s potential and current standing as a tourist destination. The increased tourist activity and the supporting infrastructure like hotels have made the Miami’s beachfront properties an attractive investment opportunity which large car brands like Ferrari, Porsche and Aston Martin were only eager to cash in. Thanks to a sustained revenue injection into Miami’s economy, the value of waterfront homes is in an all-time high having recorded property price increases of up to 1.2 percent. Anyone looking for waterfront homes for sale in Miami will part with no less than .2 Million. Some homes go as high as Million.

Commercial property developers and other investors looking for a piece of the growing potential in Miami can do so with Miami’s land for sale, which is readily available. Miami’s growth in other sectors of its economy has seen sustained job creation over the years. Therefore, an opportunity presents itself for the construction of housing units for these growing numbers. The projected growth over the next five years shows an unrelenting real estate market.

During the recession rental value held up considerably better than home prices. Rent revenue continues to be a dependable return for investors in this market. Anyone with investment interest focused on Miami, this indeed is the place for you. There are two alternatives to buy-in options available. You can either purchase from the already existing list of land for sale in Miami, or lease out the area, construct a property and generate rental revenue. As the economy grows, so does the job potential, and job seekers are a guaranteed renting population.

Increase in luxury properties, surging home values, a growing economy, and swelling tourist numbers all make a strong case for Miami’s investment potential. There is a guaranteed return on investment and value for long-term investors for years to come.