It likely comes as no surprise that Miami is one of the hottest real estate markets not just in Florida but across the country. There are many different reasons that you should consider visiting this area and buying property in Miami. Read on to learn more about the 10 most common reasons that you should consider investing in real estate in this hot market.
Affordable Real Estate
The local market in Miami, despite the fact that it so popular for people who want to move here, has a great deal of affordability associated with the properties here. This is in addition to seller incentives and amenities that make it an even easier decision to invest in property in Miami. According to research, Miami has become 50% more affordable in the most recent 5 years and it has become a hot location for international buyers as a result of the weak US dollar. Whether you already live in the US or you’re looking to invest from another country, the affordability of Miami real estate makes it an interesting location to consider.
One of the most popular reasons for people to move to Florida has to do with the weather itself. With an average temperature of 75 degrees you can see why so many people love visiting or living here. In Miami, it can be hot, hot, hot! Most people who choose to relocate here are thrilled with the new weather and enjoy basking in the warm evenings and enjoying outdoor activities. Especially if you are burned out on the cold winters up north, Miami’s gorgeous weather can be something that lifts your spirits every day!
The night life on Ocean Drive and the top restaurants, night clubs, hot spots and bars located within the city make it a hub of social activity. Whether you like to keep it low key or you love the exciting nightlife, there is a little bit of something for everyone. Make sure you check out various neighborhoods as well as hotspots before moving to the area so that you can find something right up your alley.
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Cuisine from all over the world can be sampled in Miami and this is just one of the reasons that people flock here to visit or ultimately live here. You can sample a little bit of just about every kind of international food and some of the best that the U.S. has to offer, all within Miami. It’s no surprise that eating out is one of the most popular activities for people who live in the Miami area, because there are so many different places to try and many of them are top-notch delicious!
With more than 84 miles of Atlantic Ocean coastline and an additional 60+ square miles of inland waterways, it’s a great place to move if you like the water as well as the sand. Being close to the water is idyllic for many, and combining this with Miami’s other offerings makes it easy to see why this place is so popular.
While you’re checking out that gorgeous coastline, why not get involved in boating, kayaking, snorkeling, swimming, sailing and other water sports that are available all throughout the year? Even if you’re new to the sports, you can learn from someone else and incorporate a new and fun activity into your fitness routine.
The Most International City in the US
If you love culture and meeting different people, nearly 50% of the population in Miami is born in a foreign country and as a whole, the community speaks more than 100 languages.
Key Tourist Destination
Setting up a business in Miami is much easier when you realize just how popular the tourist industry is. There are more than 12.5 million overnight guests and 6 million of them are international visitors, making it easy to set up a business that appeals to many different types of people.
There are numerous opportunities to broaden your horizons with the educational structures available in Miami. The school district is the fourth biggest in the United States and there are 5 colleges and universities and 3 law schools located in Miami.
Hospitals and Healthcare
There are 33 hospitals located throughout Miami. Jackson Memorial is one of the top 25 hospitals in the country and Miami Children’s Hospital is the top rated pediatric hospital in the country. Knowing that you will be well taken care of if something happens to you can provide a lot of peace of mind when you decide to live in Miami.
The list could go on and on when it comes to Miami!