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The Miami real estate market is moving to a buyer’s market, which is a sign of a more stable market. According to experts, Miami is the most stable market in the country right now. Mr. Daniel Kodsi, Developer of Paramount Miami Worldcenter, says that Miami real estate investing is a safe and valuable investment.
Miami has been a popular choice from people from around globe, especially from South America. Latin American investors are so attracted to Miami real estate investing because of favorable legislation for the buyer (for example, in Florida all commissions are paid for by the seller), the relatively stable rents, and the legal protection against non-paying tenants (the option for eviction).
There is domestic interest as well. Florida offers better tax advantages for real estate owners and investors than other states, including homestead exemption and no state income tax. A clear sign of the increase in domestic demand is the growing interest in good schools as opposed to dining and shopping options. Still, Miami continues to fun-in-the-sun lifestyle and more.
