Is Miami Florida good for real estate investment?
Is Miami Florida good for real estate investment? The Miami housing market ranks as one of the best real estate markets in the U.S. However, properties are selling fast, thanks to mortgage rates as low as 2.875%. This means demand is high, inventory is low, and home prices are starting to increase—so now could be a good time to start house hunting in Miami!
Is investing in Miami worth it? In just ten years, the Miami real estate has seen a cumulative appreciation of 22.64%, ranking it among the top 30% of cities in America. That’s roughly 2% growth each year. In fact, Zillow predicts that there will be a 3.7% increase in home values in Miami before the end of 2019.
Is Brickell a good place to invest? Brickell is definitely NOT A SHORT-TERM investment. In fact, it is probably one of the worst short-term investments in all of South Florida. However, as far as the long-term is concerned, there is way too much upside to pass up on this area.
Is Wynwood a good investment? It’s become one of the hottest neighborhoods in the area. Wynwood is great for investors because most of the units are sold for a low cost, but their rental rates are high. The rental rates are at an average of $2,500 a month. In addition, there are new luxury condos springing up in this neighborhood.