Economic stability, infrastructure, low taxes and profitability in dollars make Miami a strong attraction for people from Latin American countries, which currently face high inflation and devaluation of their currency.
The Miami real estate market has been the favorite of Latin Americans for years. The reasons are not only the climate, which is always warm, or the nearby beaches, but that it has also become attractive in terms of investment and real estate development.
His lifestyle has led investors and property buyers from around the world to search for their next great place to live in Florida, to retire and enjoy their investments in the sunny city.
Latin Americans find in Miami real estate an excellent investment opportunity to diversify their investments. Real estate investment in Miami has many benefits compared to other real estate in Latin America, since it is cheaper, more affordable and this makes an investment without reservations.
The Miami real estate market is very well supported by international investors due to regulations that are favorable to Latin Americans and a large number of immigrants already living there. When you factor in the low cost of living, high-quality education, and tropical climate, it’s easy to see why so many Latin Americans choose Miami.
The city boasts one of the largest economies in Florida, with an estimated GDP of $268 billion in 2021. It also has a highly educated workforce, with more than half of its residents holding at least a bachelor’s degree.
70% of investments in LATAM go to the United States
Miami real estate is the favorite of Latin Americans. Many Latin American investors are drawn to Miami real estate due to the city’s proximity to Latin America and its status as a gateway to the United States for many people from that region.
According to research conducted by the Latin American Association of Real Estate Professionals (LARE), 70% of Latin Americans who invest in real estate choose to buy properties in the United States. The top three destinations for this investment are Los Angeles, Miami and New York, with Miami being the most attractive due to its proximity to Colombia, Venezuela and other countries that have been popular destinations for Latin American immigrants.
Historical preference for the real estate market in Miami
When it comes to real estate, Miami hasn’t just been a current preference, rather it is a historical phenomenon that dates back many years.
Even before the real estate market crashed in 2008, South Florida was a popular destination for Latin Americans looking to invest in property. With its tropical climate and proximity to booming Latin American economies like Brazil, Mexico and Argentina, Miami has always been a magnet for foreign investors looking to diversify their portfolios.
However, during the recession, many of these investors were forced to leave the country because they could not find work or pay their mortgages. Now that the economy has recovered and the real estate market is booming again, many of them return with a renewed interest in Miami real estate.
“There’s no question that when people think of buying a property in South Florida, they think of Miami,” says Justin Stewart-Bouley, director of sales and marketing for Shorecrest Building Group Inc. “Miami is one of the only cities of the United States where you can see tremendous growth year after year.
Investing in BAI Capital is investing in the United States
With a presence in the real estate sector in the states of Florida, Texas and New York, BAI Capital specializes in generating value from land acquisition to the development of mixed-use projects. Such as residences for the elderly, student residences, multifamily buildings for rentals and mixed use that include condos and retail.
Our mission is to safeguard the capital of the partners and the own capital under the minimum risk exposure. With a safe development and going through all the stages. Purchase of land, adjustment of urban zoning, commercial vision in architectural development and management of building permits. Then, we take charge of the capitalization, construction and exit with return of the capital and profits to the partners.
In this way, we guarantee fixed and stable returns for your client portfolio. In addition to having a confidential work protocol with encrypted web forms. Use of protected personal data and private meetings with our agents throughout Latin America.
If you are looking to invest in Miami or the state of Florida, BAI Capital is your right place. Learn about the investment options in projects already built and the new Archer Place project located in Gainesville, North Florida. Listed as one of the most important in the city in recent years.