Buy real estate in Florida profitably

by Lalithaa

Statistics show that approximately 40% of Russians who buy real estate in the United States opt for such a magnificent resort region as villas for sale in Palm Beach. This is not accidental, and for several reasons at once, both of an objective and somewhat subjective nature. 

First of all, it should be noted, of course, the magnificent tropical climate of this US resort region: weather forecasters say that the average annual temperature there is more than + 20 ° C, and the number of sunny days a year is approaching three hundred. Perhaps this attracts our compatriots to South Florida, born and raised, for the most part, in a much more severe climate. Now many of our compatriots, including very well-known and famous ones, have already acquired real estate in such large settlements of this region as: 

  • Miami;
  • West Palm Beach;
  • Fort Lauderdale.

Is it profitable to buy an apartment in Florida? 

It should also be noted that wealthy Russians acquire real estate in South Florida to invest their free funds profitably. The fact is that during the last financial crisis, prices for houses and apartments in low-rise residential complexes “collapsed,” but recently, they have begun to grow again, and at a very rapid pace (an average of 10% per year). Thus, acquiring some property in South Florida now can make considerable profit in the future. As long as it is not sold, it can be rented out and receive a very good profit. In such a rather vast region as South Florida, it is easy to find real estate, as they say, for every taste and budget. 

For example, in Downtown (business center) Miami, it is possible to purchase relatively inexpensive apartments in one of the apartment buildings or an apartment in a condominium. They often offer excellent options on the very shores of the Bay of Biscay. True, it is often okay to count on the fact that a beach will be located next to inexpensive new American housing. 

Where do they buy houses and villas in Florida? 

Wealthy buyers will undoubtedly be interested in private houses and villas in South Florida, which are now quite actively offered on the market. Exciting offers in all respects are most often found in the Coral Gables area, which is one of the oldest and most beautiful neighborhoods in Miami, as well as in Fort Lauderdale, where now you can buy a mansion on the very shore of the bay for a very reasonable amount, which, moreover, same, will have its berth for the yacht. 

Sale of houses in Florida 

Our compatriots who dream of having a home on the island should pay close attention to the Atlantic coast of Miami, where there are such them as Hallandale, Bal Harbor, Surfside, Hollywood, Miami Beach, Sunny Isles Beach (where most Russian-speaking residents). You can buy cash or credit for prestigious apartments in comfortable residential complexes with developed infrastructure (restaurants, swimming pools, fitness centers, etc.). All these islands are connected to the continent by a whole system of bridges. As for the price of real estate in Florida, it is quite comparable with prices in Moscow, and most often, for the same money, you will get housing much better. 

You need to use a loan to purchase an apartment in Florida or a separate house with several apartments and a piece of land. Such a loan can be taken for more than 30 years by a citizen of any country. Every year there is an increase in the value of the real estate in Florida. It has been higher than the cost of lending for several years now. If a Russian can afford to pay 30% of the value of the real estate in cash, then the bank will not need to provide a guarantor and a certificate of income. If the case falls when the buyer has such documents, you can purchase real estate by paying only 20% of the cost. 

According to Florida.Realestate, in Palm Beach County is one of the best-selling properties in the world. Consultation with competent specialists will help you buy your dream home.

You may also like