Miami's economy has grown significantly in recent years and is projected to continue growing, making it an attractive market for real estate investment. The economic growth is driven by tourism, which brings many visitors to Miami beaches and supports related industries like hotels. As a result of the strong economy, property values in Miami have risen substantially and the rental market has remained stable. The document recommends that now is a good time for investors to purchase waterfront property or develop new housing projects to take advantage of Miami's growing economy and job market. It suggests that real estate in Miami offers guaranteed returns for long-term investors.

1. Miami’sEconomic Growth PotentialandtheOpportunitiesItPresentsfor
Investors
Thinking of investing in the Miami waterfront property market? The time could not be any
more ideal than it is now, since this buyers market is estimated to shift to a sellers market in
the next 12-24 months. The Florida economy is on an upward trajectory, and it is expected
to continue the growth in the next five years. 2018 has seen Miami’s economy grow from a
2.2 percent growth to a 2.5 percent growth. Apartment developers and especially on the
luxury market, have increased their investments. This indeed is welcome news for property
owners and those looking to own a piece of Miami.
Miami’s economy is mostly tourist driven. The sheer numbers of visitors on the coast alone
stands testament to Miami’s potential and current standing as a tourist destination. The
increased tourist activity and the supporting infrastructure like hotels have made the
Miami’s beachfront properties an attractive investment opportunity which large car brands
like Ferrari, Porsche and Aston Martin were only eager to cash in. Thanks to a sustained
revenue injection into Miami’s economy, the value of waterfront homes is in an all-time
high having recorded property price increases of up to 1.2 percent. Anyone looking for
waterfront homes for sale in Miami will part with no less than $1.2 Million. Some homes go
as high as $30 Million.
Commercial property developers and other investors looking for a piece of the growing
potential in Miami can do so with Miami’s land for sale, which is readily available. Miami’s
growth in other sectors of its economy has seen sustained job creation over the years.
Therefore, an opportunity presents itself for the construction of housing units for these
growing numbers. The projected growth over the next five years shows an unrelenting real
estate market.
During the recession rental value held up considerably better than home prices. Rent
revenue continues to be a dependable return for investors in this market. Anyone with
investment interest focused on Miami, this indeed is the place for you. There are two
alternatives to buy-in options available. You can either purchase from the already existing
list of land for sale in Miami, or lease out the area, construct a property and generate rental
revenue. As the economy grows, so does the job potential, and job seekers are a guaranteed
renting population.
Increase in luxury properties, surging home values, a growing economy, and swelling tourist
numbers all make a strong case for Miami’s investment potential. There is a guaranteed
return on investment and value for long-term investors for years to come.
For more information about real estate opportunities in Miami, please contact a Licensed Consultant at
OWN, International Brokerage and World Liaison,located in Miami, Florida in the United States of
America

2. OWN Realty | 305.995.8201 | info@ownrealty.com or visit www.ownrealty.com