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Porque Invertir en Miami

Economía de Miami Dade Significativa presencia de sectores como los servicios (turísticos, comercio internacional, industria manufacturera, transporte y comunicación, banca y servicios financieros, inmobiliaria, etc.). Así mismo destacan las plantas de fabricación biomédicas, las líneas aéreas, las tiendas detallistas para el gran consumo, resorts y hoteles, cruceros, hospitales y las granjas de frutas y vegetales.

Más de 75 de las 500 primeras empresas del ranking del Fortune tienen oficinas localizadas en Miami-Dade.

Existen algunos sectores considerados clave en el desarrollo de la economía del condado de Miami-Dade: Aviación, Biomedicina, Servicios Empresariales, Cine y entretenimiento, Servicios Financieros, Comercio Internacional, Tecnologías de la información y de las Comunicaciones y Turismo.

El comercio exterior en Miami

  • Estratégica localización.
  • El puerto de Miami se está convirtiendo en el principal puerto de entrada de los EEUU para los productos manufacturados en América Latina y Caribe.
  • El aeropuerto internacional de Miami es el primero del país y el séptimo del mundo en cuanto a carga. Tiene conexiones directas con más de 150 ciudades del mundo a través de las 140 líneas que operan desde Miami.
  • Hay conexiones con Europa de 300 vuelos semanales y cada día aterrizan o despegan 1,500 vuelos.
  • Como centro de comercio internacional, el área de Miami-Dade cuenta con más de 23 oficinas comerciales, 50 consulados y 31 cámaras de comercio binacionales.

Razonas para tener presencia empresarial en Florida/Miami

  • Porque se ha convertido en la capital de las Americas, negociando más del 43% de las ventas de EEUU con Latinoamérica (excepto México), el 60% del comercio con América Central, el 50% del comercio con Caribe, el 30% del comercio de EEUU con Sudamérica.
  • Goza de estabilidad económica al estar en EEUU, acceso al mercado americano (localización estratégica), y neutralidad frente todos los países latinoamericanos.
  • Los costes de establecimiento son relativamente más bajos que otras ciudades del país.
  • Posee una magnifica red de infraestructuras tanto marítimas como aéreas.
  • Se ha convertido en el segundo centro bancario internacional de los Estados Unidos.
  • El 50% de la población de Miami habla español y el mercado laboral es bilingüe.

Why Invest in Miami
Strong euro makes U.S. homes a bargain for Europeans

Talk about opportunity knocking for European property buyers who are thinking about purchasing property in Florida. This is a rare situation where there is both a buyer’s market and an excellent exchange rate.

A pound buys $1.95 to $1.98 US and the Euro is holding at $1.33. When you take into account that Real Estate prices have dropped 20% to 30% in the single family market in SouthWest Florida, Europeans can now buy a beautiful waterfront home along Florida’s gulf coast of Mexico for 30% to 40% less than it would have cost one to two years ago.

Wow... the Sun Sentinel has finally caught wind of the Europeans that are buying en masse in South and Central Florida these days!

The article speaks of why Western and Northern Europeans are growing fonder of the area for both the lifestyle and climate.

They printed this map showing that most of the European Buyers are from the UK.

There are also many from Spanish, German, French, Italians,Russian investors, Denmark and Holland. Florida is a HOT market for Foreign National’s to purchase both Second Homes and Investment Properties. This is a great time and a great market for their purchases. With the weak dollar and the strong Euro and British Sterling, European investment in Florida is at an all time high!

Right now, Mortgages for Foreign Nationals are at an all time high. It is easier now than it has been in years to get financing at attractive rates.Loan Programs are available from far more banks and lenders. Also there are new options in foreign exchange that are making the conversion of funds that much quicker and easier.

Some of the other factors that are influencing the current investment boom is the strong Euro. Based on the Dollar, the Euro is dominant... and the British Sterling is even stronger.

So what does this mean to Europeans? It means they're making much more on their investments than US citizens.

How? Foreign Exchange Rate Hedging...

The Dollar has long been an international standard in currency. Even people with stronger currency have a tendency to sock some away in US currency. It was actually causing a panic a few years ago when the US believed that so many bills were out of circulation and sitting in foreign floorboards and safes that we would eventually run out ourselves.

  • The Dollar has also been volatile - as volatile as our politics and financial markets.

  • As the dollar has dipped - much like a stock, foreign investors have bought the dollar.

  • As the dollar has recovered - the investors would sell the dollar back and take the profits.

  • So... while the dollar is LOW, investors are buying up Dollars with their Euros.

    Then they buy a property here in the US. Over time, the property itself increases in value. The dollar also becomes stronger over time as we recover economically.

    Then when the foreign investor sells the property, they make a profit in appreciation. They then take the Dollars and exchange them for Euros and make a profit on the appreciated Dollar!

    So if they buy the US Dollar and the House.

  • They put $100,000 down on a $500,000 house (20%).

  • The House appreciates 15% over 5 years to $575,000.

  • and the Dollar gains 5%, to $105,000 (equity CAN appreciate in this instance).

  • The combined profit is $80,000 on $100,000 invested or 80% in 5 years!

  • Subtract out the debt service and depreciation to get a true IRR

    How's that for some fancy European Math!

    Over the last three years, foreigners have invested $4.5 billion in residential real estate in Miami-Dade, Broward and Palm Beach counties, Condominiums near the beach are the most popular units. For investors who spend most of their time away from the property, condos are more convenient because maintenance is taken care of while the owners are gone.

    Investors from Brasil, Venezuela and Mexico investors. coming to the office as property values, especially in the condo market, have risen. Through its deals with South Florida Pre-construction prices are traditionally the least expensive.

    Clients can reserve a unit for between $25,000 and $50,000. Most try to resell the unit at a profit before the closing, an investor's out-of-pocket expense would be only a 20 percent down payment on the property's price.Investors clients see South Florida real estate as a safe investment. Last month, the Florida Association of Realtors reported existing home prices rose 35 percent in Palm Beach County over last year, and 32 percent in Broward.

    A Foreign National Loan is a very simple process if you have your documentation in place. Here is a great checklist to use when you want to get the ball rolling on that process.

    Documents needed for a Foreign National Loan Program:

    1) Three Personal Reference Letters from Country of Origin. Letter must be from a lending institution and include the following:

  • Credit was extended to the Borrower

  • Borrower is in Good Standing

  • High Balance

  • Current Balance

  • Payment Amount

  • Payment History

    2) Two Months’ Bank Statements from a US Based Bank.

    3) Employment Verification Must Include the Following:

  • Must be on company letterhead from Country of Origin.

  • Must state Income for for prior 2 years and current income.

  • Length of Employment

  • Position of Borrower

  • Type of Business

    For Self Employed Borrowers, please include:

  • Percentage of Ownership in company

  • Address of business for the past 2 years.

    4) Copy of Visa (if applicable)

    5) Copy of Passport

    All letters must be translated into English by a certified translator

    "Florida's economic engine continues to hum. In fact, a Torto Wheaton Research study predicted that job growth in Miami during the next five years will occur at the third-fastest rate in the country. The study also indicates that Miami has the strongest economy in the state and is the 21st strongest out of 361 metro areas in the country. If Florida were a country, it would have the 15th largest economy in the world and the eighth largest in the Western Hemisphere. Breaking News ... BusinessWeek calls Miami "fiercely competitive" and a "global hot spot" for business."
    (source: Metro Miami Economic Development Commission)

    Diversity.

    We've all been programmed to diversify. If you owned all tech stocks in the late 1990's then you learned why diversification is a good idea. If you lived in Texas in the 1980's you saw how too much of the economy was tied to oil. Well, diversification is a good concept for investing and a good concept for economic development. If you're like me you think of Miami as a vacation haven for families wishing to dump a small fortune of a few days of wearing mouse ears around. Thankfully Miami is much more than just Mickey.

    "Every year 52 million tourists stimulate their imaginations at Miami's amusement parks. But the real fantasyland can be found in the area's vast expanse of office parks. Miami is the epicenter of the world's biggest cluster for computer simulation and modeling, involving more than 3,700 companies that employ 46,000. The $2.6 billion sector has helped diversify the economy of central Florida, which now has the highest job growth in the U.S."
    (source: business week AUGUST 21, 2006 )

    Jobs.

    Miami has created a job market with many sectors and continues to appeal to new businesses.

    "Behind the scenes of the area's tourism and entertainment industry is a dynamic and diversified economy that has expanded enormously. Among its most important industry sectors are high technology, aviation and aerospace, film and television production, biotechnology, and manufacturing, warehousing, and distribution."
    (source: Metro Miami Economic Development Commission)

    Growth.

    When investing in real estate, growth is always a key factor. "Go to where the growth is" is the standard mantra for real estate investors. Growth means jobs, economic development, and, it is spurs what real estate investors strive for - cash flow and/or appreciation.

    "Mid-Florida is one of the fastest growing high-tech centers in the country.

    "About 78,000 people work at 3,800 high-tech firms with about $9 billion in annual sales. Lasers, microelectronics, simulation and training, software, fiber optics and telecommunications are among the regionÕs products and services.

    "But while tourism and conventions pump billions of dollars into this regionÕs economic engine, the technology sector is coming on strong too, with the creation of Innovation Way.

    (source: Business Florida)

    "This momentum is expected to continue, as Miami was projected by Business 2.0 magazine in 2003 to have the nation's second-highest ten-year job growth rate, 31.9 percent, through 2013."
    (source: Metro Miami Economic Development Commission)

    Miami ranks 7th in the nation in terms of overall population growth (expected to grow 23.49% by 2015)
    (Source: Woods & Poole Economics, 2008 Profile)

    Miami ranks 9th in the nation for total employment growth (expected to grow 2.5% annually through 2030)
    (Source: USA Today, March 10, 2008)

    Sum of the Parts.

    Miami and the surrounding area packs more than just a 1-2 punch (amusement, conventions and even shopping) to drive its economy. Miami economic development consists of a strong history of a business-friendly environment bringing new industry and commerce to the area. Like an engine firing on all its cylanders, Miami boasts the following:

    Each WEEK Metro Miami welcomes an estimates ...
    ... $564.9 million in retail sales
    ... 1,249 new adult residents
    ... 640,935 air travellers
    ... 654 residential building permits
    ... 34 new businesses establishing
    ... 756 new jobs
    ... 917,289 visitors

    (source: Miami Sentinel Communications, 2005 Datebook)

    As a real estate investor, these stats are music to my ears. I see Miami as a great place to purchase real estate yesterday, today and tomorrow.

    We love your referrals if you Know some Friends Families or Co-workers that will need to Buy Sell or Refinance a Home please introduce their information here they will Thank you and We will Thank you with a Gift certifique of $500. Thanks

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