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With its beautiful beaches and great year-long weather, Miami has long been one of the top destinations for both domestic and international real estate investors. The Miami airport ranks third in the US for international flights landed, and every year over 44 million people pass through the city.
The state of Florida does not have any income tax and also has relatively low property taxes. Miami has become a leading tax haven for wealthy individuals and corporations.
Ranked the best American market for foreign real estate investment, foreigners invested $3.6 billion in greater Miami in 2017.Source: Miami Association of Realtors
Miami is ranked number one in the country by the Kauffman Index, which indicates new business creation, activity and people engaging in business startup activity.Source: Cushman Wakefield 2018
Miami is one of the fastest-growing cities in the United States, growing 1.26% per year, which is well above the national average of .7%. With more people moving to Miami for its beneficial living conditions, more housing will be needed.This population growth has directly affected the job market, as Miami's job growth is one of the strongest in the nation and well outpaces the national average.
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