Property in Florida on Florida.Realestate
Real estate in Florida for foreigners is associated with the endless snow-white beaches in Miami. But this is just one of the popular locations in Florida. Homebuyers choose real estate in Florida in other places as well. In fact, the state is home to many cities perfect for relocation or property investment.
Property for sale in Florida, USA
Florida’s real estate is represented by a variety of types of housing. In different parts of the state, you can find both budget apartments and up-market housing units such as luxurious villas, seaside houses, and spacious penthouses. Apartments also vary in terms of comfort and cost. This allows you to choose the best option for any budget. The state traditionally attracts tourists, which makes it a great destination for property investment that will ensure you a stable income from renting out your property.
The state is inhabited by people of various nationalities. Tourists visit Florida all year round and expats move there from all over the world. The state is a great place to live for families with children, as well as for retirees and young professionals. In addition, wealthy foreigners who prefer new properties in Florida and luxury villas come there. Other things that make this state a popular destination for property hunters include:
- a tropical climate, allowing you to enjoy the sun for more than 300 days a year;
- numerous attractions;
- a convenient system of taxation in comparison with other states;
- attractive working conditions for narrowly-focused specialists, in the USA you can find work not only offline, but also online. Freelancers are also in demand.
The developed infrastructure of the region provides access to medical institutions, schools with different systems of education and higher educational institutions. There is only one drawback: residents of luxury seaside housing can face seasonal hurricanes or tornadoes. But even this circumstance does not stop people from buying property there. Foreigners, as a rule, tend to invest in a hurricane-resistant housing.
Miami remains traditionally a hallmark city of the state. However, there are other popular destinations including Hollywood, Tampa and other cities. Each of them has its own advantages and foreigners successfully settle in any location. The state can be considered as an environmentally friendly area, since there are no big industrial businesses here. In addition, adaptation to local climate conditions goes easy.
Real estate prices in Florida
The cost of real estate in Florida directly depends on the type of property. The highest prices are observed in the central part of the state, in the area of Universal Studios theme parks. Houses and villas with a pool of more than 500 m2 can cost €10 million ($10.4 million, ¥70.2 million) or more. The prices for apartments range greatly. You can find apartments in Florida costing €250,000 ($261,000, ¥1.75 million) and going as high as several millions. The final amount depends on the area of the property, the number of bedrooms, how prestigious the location is for foreigners as well as the quality of design and other details.
Property investment in Florida
Since August 2020 to July 2021, foreign buyers invested over €4.7 billion ($4.9 billion, ¥33 billion) in the state's housing market. This proves the high interest of investors in buying real estate in Florida. Even the pandemic with its travel restrictions between countries did not have a negative impact on demand. A similar picture has been observed this year, with prices rising in popular cities like Miami and Tampa.
Property in prestigious areas tends to capitalize in value, which allows you to buy seaside housing in Florida and resell it later at a much higher price.
Investments in off-plan property is also a great solution. As a rule, the difference between the purchase price at the construction stage and the final cost is very significant by the time the property is ready to move in. Therefore, you can win up to several tens of percent of the price by purchasing an apartment right when the sales are launched. It is important to consider that non-U.S. residents also incur income tax liabilities. It is worth checking all the nuances in the country's and state’s legislation before planning investments.
We will help you buy property in Florida
Our property database offers a comprehensive collection of move-in ready housing as well as off-plan units in Miami and other popular cities of the state. Our specialists are ready to assist you with choosing real estate in Florida for investment and relocation. A convenient search system on the website allows you to find the best offers matching your requirements in no time – all you need to do is set the location, property type and budget filters. You can choose the cost of housing in euros, dollars. Find your dream seaside house or apartment on our website today!