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Foreign Investors

Miami Property Booming for Foreign Investors

By Nicholas Marr

Miami tourism is growing and so is the Miami property market. Dubbed the New Manhattan by the US property media. The Greater Miami association of Realtors states that the Miami property boom will add more than 100,000 homes to Miami. Many of these Miami properties are built with foreign buyers in mind. Exchange rates are favorable in Europe and with 28 per cent rises in prices in one year the time to buy Miami property is now.

Getting to know Miami

Miami is Florida's most populated city, sitting at the south eastern tip of the most south eastern state of the United States, bordered by the Atlantic Ocean to the east, the Gulf of Mexico to the west and the neighboring states of Alabama and Georgia to the north.

Most visitors aren't here for Miami itself, but rather to visit Miami Beach, an entirely separate municipality. Miami is on the mainland, while the city of Miami Beach is on a thin barrier island about 6km (4mi) to its east, across Biscayne Bay - locals call it the Billion Dollar Sandbar

Getting there

Miami is served by two main airports: Miami International Airport (MIA), about 19km (12mi) west of downtown, and the Fort Lauderdale/Hollywood International Airport (FLL), about 48km (30mi) north of the city. MIA is one the USA's busiest in terms of aircraft and number of passengers. Miami is the main US/Latin American gateway, and the airport is served by everyone and his brother's (including Brothers to the Rescue) airlines. Most major European airlines have services to Miami.

Miami Quick Facts
  • Area: 93 sq km
  • Population: 600,000
  • Country: USA
  • Time Zone: GMT/UTC -5 (Eastern Standard Time)
  • Telephone Area Code: Metropolitan Miami: 305; Miami and Miami Beach: 786

Public Holidays
  • 1 Jan - New Year's Day
  • third Mon in Jan - Martin Luther King Jnr Day
  • third Mon in Feb. - Presidents Day
  • Mar/Apr – Easter
  • last Mon in May - Memorial Day
  • 4 July - Independence Day
  • first Mon in Sep - Labor Day
  • second Mon in Oct - Columbus Day
  • 11 Nov - Veterans Day
  • fourth Thurs in Nov – Thanksgiving
  • 25 Dec – Christmas

Nicholas Marr Director of Marr international Ltd A UK based overseas property marketing company selling property on behalf developers real estate agents and private sellers worldwide.

 

 

 

 

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