The advantages to go through Nestenn Miami

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l'expertise Nestenn

Why invest in Miami?

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- US real estate sales rose in 2022, proving that the market is attractive.
- In Miami, real estate prices are still cheaper than in New York, which favors profitability for investing.
- New population flows from Latin America and Europe (fleeing, in particular, complicated political situations and hostile environments) are strengthening demand and increasing real estate values in the medium and long term.
- The city of Miami recently approved the most ambitious urban and cultural development projects in its history, thereby creating new investment products available.
- Investing in Miami is relevant because the city is establishing itself today as a real estate growth hub, but also as a new hub for innovation and business creation.
- The ease of conducting transactions and obtaining loans for foreign investors is gradually making them aware of the benefits of investing in a high-growth market. It should nevertheless be noted that in July 2022, interest rates rose quite sharply.

What are the advantages of investing in Miami?

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The real estate market dynamics in Miami and its surroundings are linked to a multitude of factors; indeed, 70% of residents are homeowners! Significant differences can be identified between the real estate market in the United States and the real estate market in France:

1/ The property rental market is both dense and short-term. Indeed, a rental agreement ranges from 1 month to 1 year at most, without any obligation to renew the lease, which is a strong point for investing in Miami.
2/ Americans move on average every 5 years to different states, whether for professional or family reasons. They progress in their property acquisitions in line with their economic and social evolution. A young couple will start with a one-bedroom apartment, then a two-bedroom, and end up with a house.
3/ Numerous foreign investors are strengthening this market to benefit not only from a secure investment in Miami but also from the quality of life offered by Florida.
4/ Banks are very active and are showing their strengths. They provide loans on property after an appraisal. Rates, for their part, vary depending on the client.
5/ The real estate industry is also very active and thus ranks at the forefront in Florida. Miami is a beehive for all "professional" real estate agents, and they all work together to bring supply and demand together in a spirit of partnership. It should be noted, however, that a sale does not take place before a notary; real estate agents fulfill this advisory role. As a result, buyers

What down payment to invest in Miami?

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The average down payment from our clients for an investment in Miami, Florida, is between 150,000 and 200,000 euros (or dollars, as it is now close to parity with the euro). But since January 2022, many acquisitions have been made in cash.

How many days are needed to invest in Miami?

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About a week on-site is the time needed to find the property that meets your expectations. With Nestenn and our Miami real estate agent, Jimmy Morose, you save precious time. We select the best current opportunities according to the criteria you have defined in the MLS file. We then organize all the viewings for the properties you have previously selected. Of course, our real estate agent being French, he therefore speaks... fluent French!

Do you also handle the search for a tenant in Miami?

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We work in partnership with a French-speaking property management company. You can be put in touch with this company through our Miami real estate agent. You can therefore invest in Miami with complete peace of mind.

Do you handle the accounting for the property in Miami?

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Yes, this is part of our rental management package!

In which area to invest in Miami?

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We operate throughout Florida and primarily in Coral Gables, Pinecrest, Miami, Miami Beach, Fort Lauderdale, Boca Raton, Aventura, West Palm Beach, Coral Springs, Hollywood, and Kendall.
Our agency is located at 15321 South Dixie Highway Palmetto Bay – Florida 33157 Miami

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