Invest Smart – Buy Miami Real Estate
The American paradise – is known for the picturesque settings, unbelievable weather of sun, sunshine all the year around, celebrations, and gaiety. Those who have missed Miami have not visited Miami have missed America.
Miami, FL (PRWEB) May 20, 2005
There is more to Miami than the sparkling water and ethereal sandy beaches. The city of diverse cultures Miami is known for itÂ’s unbelievable nightlife, condos on the oceanfront and recording studios. The city is a gourmetÂ’s delight with exquisite eateries catering to all moods and styles.
The familiar deco drive, which runs north – South parallel to the Oceanfront, is punctuated with cafes and ocean front real estate.
The Miami River is the futuristic landmark of recreation and trendy living which will drive the Miami real estate in the years to come. The flurry of real estate and construction activity Miami is scheduled to torpedo the economic scenario of Miami and the place to invest for the discerning investor.
The zenith of the real – estate escalation is well within site and predictably, this makes real – estate a desirable and highly competitive market for the investors of yore.
The market has a gamut of options for investors regardless of the purchasing power for significantly the real –estate market has properties both residential and commercial to suit all tastes and budgets.
The draw of the commercial properties is but to be expected considering that Miami is a purely cosmopolitan city, which has a huge influx of visitors all round the year. This sunshine city boasts of the sun the year round little to discourage the pleasure visitors.
Not surprisingly, the real estate market is buoyant in Miami considering that it is fuelled by real estate investors the world over – be America, Canada or even Europe. The sunny climate, houses for all budgets and healthy economy in this pleasure city only further reiterates that investing in real estate in Miami – it the right choice!
The phenomenally low rates of interest – a shade under six percent for the year 2004 and the projection for 2005 is a marginal firming up of interest rates. This further reiterates the belief that property rates would continue to escalate in 2005 and an investment in real estate whether in commercial or residential property would make enormous economic sense.
Miami has the right product mix be it education, entertainment or even jobs – which dispels any myths about Miami being a viable destination – but only for the upward mobile.
The exponential growth in real estate prices in Miami are the logical sequel of the restricted supply of real estate relative to the ever – increasing demand for real estate.
The median sales price is better defined as the sale price at which fifty percent of the houses sold are at a higher price than the median price and the balance fifty - percent are at a lower price. Miami homes have shown a steady increase in median price of homes, which is evidence in itself of the viability factor of real estate here.
A phenomenal increase in real – estate costs by an impressive seventy percent over the last five years will go a long way in inducing the economically aware customer to opt for that Miami buy which has but few alternatives.
Troy McKirk
Miami Real Estate
Http://miamirealestate. line. us (http://miamirealestate. line. us)
# # #
