ALL EYES ON
FLORIDA
The Sunshine State has more than beautiful weather and beaches on offer
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ordering the Atlantic Ocean and the Gulf of Mexico, Florida is a property investors’ haven. Its warm weather lasts nearly year-round, which, given its other big draw, beautiful beaches, is exceptional news. The state’s other perks include 9,200 miles of hiking, bicycling, equestrian and shared-use trails and over 4,000 miles of paddling trails. Cyril Bijaoui, partner at Westside Estate Agency adds, “Florida is generally attractive for the same reasons it has always been: no state income tax and good quality of life in a tranquil and peaceful environment.” It’s Miami, Pinellas County and Palm Beach that are sharing the property spotlight though. Miami in particular has “grown into a mega city”, says Cyril. “It is now a major metropolis with the benefits of a much improved cultural and business environment. Miami has become the ‘go to’ place for everyone seeking a friendlier business and tax environment without having to sacrifice on quality of life.” If you’re looking to whet your Miami property appetite, it’s good to know how the market has fared in the last year. “Homes have appreciated to the tune of 31% and sales have increased by 72%”, says Cyril. “Sales volume more than doubled the prior year, but this is strictly for properties of $1m or greater in the South Florida area.”
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26/04/2021 11:16