The formula of the three i's: taxes, interest and uncertainty, is being imposed when Latin Americans make real estate purchase decisions in Miami, Florida and the United States, explained the economist and president of Real Estate in Miami, Floralba Nunez Angel.

Factors that stimulate Latin American real estate investment in Miami and Florida:

• Rapid economic recovery in the US and strengthening of some Latin American currencies encourages investors in the region.

• From July 2019 to June 2020, 52% of purchases have been made by people from the United States. 38% by Canadians - Europeans - Asians, and only 10% have been by Latin Americans.

And, according to the expert, the prospects for the purchase of real estate in the areas of Florida in post-pandemic times are very favorable, due to the low taxes in that area of ​​the United States, a historic reduction in interest rates for housing and the combination of economic and socio-political situations in countries such as Venezuela, Colombia, Peru, Ecuador, Mexico and Argentina, among others.

The specialist in business and real estate investments in Florida and the US market ensures that both the economic situation in the aforementioned countries, which will coincide in falls in their gross domestic product at the end of 2020 as a result of Covid 19 and with forecasts of a slow recovery in 2021, as well as the socio-political difficulties of different kinds that can be seen in these countries.

According to the economist, in the face of these adverse factors in the region, the expectations of a very rapid economic recovery of the US economy, as well as the strengthening of some currencies of Latin American countries, become factors that encourage investors in the region diversify your assets in real estate and hard currency real estate options.

"The dollar is very strong compared to the different currencies of Latin American countries. But it does drop a little, which is very possible due to the trillions of dollars injected into the economy during this pandemic crisis, and that is 14 times more. the resources that were irrigated in the collapse of 2008, and, furthermore, considering the political and economic volatility that normally accompanies South and Central America, it should not surprise us that very soon we will see Latin Americans again buying in large quantities in the South Florida, "he said.

Real estate trends and data

As a result of COVID19, 4 out of 5 people prefer to buy a house, for safety reasons (social distancing). We are definitely in a favorable market for sellers, if they are selling houses, because there is a very small inventory of houses for sale.

Condos (Apartments): Although inventory is very low relative to how many apartments are available to sell on the market at the moment, buyers have the upper hand.

In the MLS for sale there are currently 2,433 apartments (13.64%), which indicates that it is a market that favors buyers (they can make lower offers, because they consider that they can find other available opportunities).

If there are people who want a good deal on the purchase of apartments, the best time to do it is exactly now. If you wait 6 months - 1 year, the advantage will definitely be the sellers and the prices will start to rise without a doubt.

If to the low inventory of properties to get, we add the factor of the lowest interests in history, the current scenario is the best. in 2008 the 30-year loan rates were at 6.04% and in July 2020 they are at 2.85%.

In 2019, Texas was the state where the most people were entering to live with 1,096. Florida second, with 950 people per day entering. Why have they become so popular? Very simple, there are no state taxes. And with another important difference between these two states, Florida is bordered by a spectacular ocean, beautiful beaches and a fantastic climate.

From July 2019 to June 2020, 52% of purchases have been made by people from the United States. 38% by Canadians - Europeans - Asians, and only 10% have been by Latin Americans.

In the MLS between July 2019 and June 2020, 33% of apartments have been sold in Brickell. 25% in Downtown Miami. 18% in the Beaches area. 12% in Aventura / North Miami. 4% in Coconut Grove - Key Biscayne. 8% in Fort Lauderdale.

https://www-eleconomistaamerica-co.cdn.ampproject.org/c/s/www.eleconomistaamerica.co/economia-eAm-colombia/amp/10800453/Los-factores-que-estimulan-la-inversion-inmobiliaria-de-latinoamericanos-en-Miami-y-Florida