Not all bets that are made by investors come to the kind of fruition that has happened to Miami, Florida, but the renewal that has taken place has paid back many times over.
Scottsdale, AZ, November 19, 2014 (Newswire.com) - Today, Miami is still the choice domestic destination for well-heeled Americans, especially from those colder winter areas of the U.S., but visitors also arrive from all corners of the world. In fact, nowhere else in the country are 45% of all who visit from abroad, with 66% coming from South America. Europeans make up 25% of those visiting.
Private Air Luxury Homes Magazine recently headed to Miami to speak to the top broker duo who know every square inch of Miami and the renaissance taking place there. Jill Hertzberg and Jill Eber, the pair behind “The Jills” real estate team at Coldwell Banker have a pulse on Miami from many angles.
“It’s important for savvy buyers to note that there is no state income tax for primary residences. A glittering social scene is not bad either,” notes Jill Eber.
"People both from the U.S and international buyers, are coming here beacuse the market is healthy," comments Jill Hertzberg.
Miami since 2008, has become the new gateway of Manhattan, or what some call “Manhattan South.” During winters in New York, corporate leaders and others have always tended to be drawn to Florida. With Miami now having the largest concentration of foreign banks, headquarters of 1,400 multi-national corporations, and a business friendly policy that invites direct investment projects such as condominium construction, no one should be surprised at the keen interest of investors to zero in on good buys.
You can now view the entire interview and see what's in the future for Miami in the Holiday issue of Private Air Luxury Homes Magazine.
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