Is Miami real estate a good investment?
Is Miami real estate a good investment? Well, unlike most places, the Miami real estate market has a proven reputation for being consistent. For the past 10 years, Miami’s real estate appreciation rate has been – consistently – above average. Moreover, Zillow.com reports that Miami property values have appreciated by +4% for the past 5 years.
Is it smart to invest in Florida real estate? Based on the most recent reports from Florida Realtors, the answer is a resounding “Yes!” with tight inventory keeping housing prices high in the state high. It’s true that Florida has one of the hottest real estate markets in the country, and for good reason.
Is real estate booming in Miami? A Broad-Based Boom
Commercial real estate trades in South Florida increased from $8.8 billion in 2020 to $25 billion in 2021 — a 183% year-over-year gain — real estate services firm JLL recently reported, based on data from Real Capital Analytics.
Is South Florida real estate a good investment? After a year and a half of record growth, home prices in South Florida are projected to rise by nearly another 6% this year. New residents and business relocations from high-tax urban areas like New York are driving the demand for real estate in South Florida.