Miami’s Real Estate market continues to be a strong magnet for international investment. The line between residents and investors are indistinct more now than ever. As Trouble continues to brew around the world, we have entered a period of disinvestment, in many regions and markets worldwide. This has fueled and unprecedented amount of inbound capital in overall Real Assets in the US. Real Estate assets, not exclusively to Real Estate are seeing approximately $87 Billion in foreign capital invested in US real estate in 2015, up from $9B Billion in 2009. Miami Ranks 7th Overall in the Nation, of the top 20 U.S. Metro areas with the most construction in 2015 (Miami-Ft.Lauderdale-Miami Beach areas).
Although the US has a high tax on foreign investment in real estate. A law contained in the $1.1 trillion spending measure, signed December 2015, eases the 35-year-old tax on foreign investment in U.S. real estate, potentially opening the door to greater purchases by overseas investors, a major source of capital since the financial crisis. The law treats foreign pension funds the same as their U.S. counterparts for real estate investments. The provision waives the tax imposed on such investors under the 1980 Foreign Investment in Real Property Tax Act, known as FIRPTA.).
Miami Condo Trends & Statistics
Market Snapshot for Miami
Today 1 Month Ago 1 Year Ago
Total Inventory 7,018 6,913 +1% —
Median List Price $379,000 $375,000 +1% —
% Distressed 0% 1% —
Median Days on Movoto 75 62 +20% —
Median House Size 1,175 1,167 —
Median $/Sq. Ft. 353 352 —
Condo/Townhouse
Lazaro Lopez, PA
Fortune Int'l Realty
1390 Brickell Ave, Suite 104
Miami, Fl. 33131
(786) 525-9430
http://www.LazaroLopez.com
http://www.MiamiPropertyConsultant.com
Residential & Commercial Realtor® at Fortune International
1390 Brickell Ave, Suite 104, Miami, Florida 33131
