In terms of international culture, Miami is unparalleled in the southeastern United States. Combine that with breathtaking beaches and a large financial sector, and you can see why this Florida city is attractive for real estate investors.
International investors, and Chinese investors in particular, have been increasingly coming to Miami to purchase real estate. This city represents a favorable investment opportunity for those looking for property in the United States. The following are a few reasons why Miami is the best city for Chinese real estate investors.
Chinese Real Estate is Slowing
Because of state restrictions and other factors, real estate prices and sales have begun to slow in the once-hot Chinese market. Now, even megacities like Beijing and Shanghai are seeing sales slow. This makes it an opportune time for wealthy Chinese investors to look overseas to places with a more favorable market.
Miami Condo Sales are on the Rise
One favorable city for investment is Miami. In 2018, luxury condo sales and prices are poised to increase in this south Florida city. One reason for this growth is that luxury condos are popular in Miami as second homes. The city of Miami has a warm climate year round, which makes it a popular escape from cold winter cities like Beijing. This demand is contributing to the growth in the market.
Miami is an International City
Miami’s culture is truly international. There are heavy influences in the city from Latin America, South America, Europe, and Asia. This incredibly diverse culture, and easy transportation with an international airport and ocean access, make Miami a hotspot for business. This international nature contributes to its appeal for Chinese investors.
Chinese investors who are considering international real estate should look at Miami. Miami’s market is poised for growth in strategic areas, while comparable markets in China are in decline. Miami’s market favorability and international nature make it the best city for Chinese real estate investors.