Top 10 Reasons to Consider South Beach Real Estate (Miami)

By: Rachine Safire

A very popular place to purchase real estate is in South Beach, Miami. Over the past five years, since the retail downturn, more investors and home seekers have sought out South Beach real estate because they can enjoy a smart bargain that’s truly a buyer’s market. Aside from the lowered prices on quality real estate, South Beach real estate is a very popular acquisition because of its location in Miami.

After you read the following factoids regarding the city of Miami and its surrounding areas, you will more than likely agree: South Beach real estate is a smart purchase, and you may even be more inclined to start home shopping in this area. A city that offers this much beauty, and that is loaded with such a plethora of perks, is seemingly hard to find. This makes South Beach real estate a rare commodity and a hot buyer’s prospect. The following ten points regarding Miami can serve to better illustrate this hypothesis.

1. Affordability: According to recent national statistics, homes in the Miami-Dade area are up to 50% more affordable over the past five years than they ever were. These are amenity-rich homes that provide many buyer incentives.
2. Pristine, picturesque beaches galore: Miami features staggeringly beautiful 84-miles of gorgeous beaches and coastline. This includes 67 square miles in inland waterways and 15-miles of beaches that are famous worldwide.
3. International gateway: Miami is considered to be the international gateway between the United States and Latin America as well as Europe.
4. Business epicenter: Did you know that Miami hosts more than 1,200 corporations that are multinational and that hail from more than 56 different countries? Seemingly, everybody wants to do business in Miami.
5. Tax dream: Miami has no personal state income taxes. So that’s one less bill to pay when you are tallying your numbers at the end of the fiscal year to pay the taxman.
6. The port of Miami is one of the most popular and active cruise ship hubs in the world today. Every year an estimated 4-million passengers are ferried on cruises around the world, and more than 9-million tons of cargo is transported to and from the ports in and around Miami.
7. Financier capital of the US: Miami is actually considered to be one of the financier capitals of the US. It has the most dense concentration of banks to be found anywhere within the continental United States.
8. Cultural diversity: Miami is one of the most culturally diverse cities in the world and in the US. An estimated 50% of the population is foreign, and speaks more than 100 different languages.
9. Picturesque skyline: Amongst cities that host impressive skylines in the US, Miami is actually ranked as the third best in the country. The only two cities that beat it out are NYC (1st) and Chicago (2nd). It’s also ranked 18th overall in the world.
10. Low cost of living. As of 2011, the Council for Community and Economic Research ranked Miami’s cost of living as more affordable than: Arlington, Virginia, Boston, Chapel Hill, Chicago, Ft Lauderdale, Los Angeles, Newark, New York, Philadelphia, San Diego, San Francisco and Washington D.C.

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Rachine Safire is fond of writing articles and he has written many articles on various topics. Now he is sharing information on South Beach real estate.

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