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Miami is featured among the best real estate prospects in the United States for next year, according to the annual Emerging Trends in Real Estate report, published by PwC in partnership with the Urban Land Institute. The report, a reference for the sector, places Miami in second place among the metropolitan areas of the country in terms of potential for growth and real estate appreciation.
The analysis is based on interviews with more than 450 experts and responses from 1,600 professionals in areas such as real estate development, construction, property management, financing and investment. The answers were collected to evaluate the development, investment and growth potential of 81 markets, resulting in a ranking of the best real estate prospects in the country.
Among the areas with the best expectations, Miami is in second place, Tampa conquers the 4th place and Orlando is in the 6th position in the entire territory of the United States.
The study highlights that the Miami market continues to be driven by rising residential prices, with the city attracting more and more international and high-porchasive buyers.
The report also presents an analysis of investment opportunities in different types of housing, ranking them on a scale of one to five. Single-family housing, for example, obtained a score of 3.6 – a slight reduction compared to the index of 3.68 of the previous year, but still above the result of 3.32 from two years ago.
Miami market has appreciated 80% since 2020
The continued demand from international and high-income buyers has driven remarkable growth in the Miami real estate market. In recent years, home prices have risen 80%. Even with the rise in prices and the addition of 400 basis points in mortgage rates, the attractiveness of the city remains solid, making Miami a preferred destination for high-income individuals.
Although Miami has recorded a negative net migration of national residents, who seek more accessible areas within the state, this movement has not prevented the rise in real estate prices. On the contrary, the demand for international investors and high-prinfort buyers keeps the market warm and in constant appreciation. Moody’s projects that the population of the Miami metropolitan area will grow between 0.5% and 1.0% per year for the next five years, driven by the strong demand for international arrivals and the city’s unique attractiveness for new business, tourism and quality of life.
Do you want to invest in Florida?
AMG International Realty is a global real estate agency specialized in Florida and aimed at the foreign public. We operate throughout South Florida and central Florida (Orlando and surrounding cities). If you want to know more about opportunities in the Florida real estate market, contact me right now and talk to me by WhatsApp: +1 305 761 2655 (Heloisa Arazi).
