RU
DE
FR
ES
PT
AR
Esales Property Limited
NVEST ESTATESEmbark on the journey to acquire your dream property in the Sunshine State effortlessly with the user-friendly Global.Properties service. With a catalogue boasting over 17 listings, encompassing apartments, houses, land plots, and commercial spaces statewide, buyers can choose among new developments and pre-owned properties. If you are seeking off-plan units, direct transactions with developers are available at advantageous rates.
Effortlessly navigate the intuitive search system to pinpoint units aligning with your preferences. Gain insights into the cost of real estate in Florida across various currencies. Engage directly with sellers via the platform to delve into property specifics and negotiate purchase details.
Absolutely. Foreign individuals can indeed own apartments or villas in Florida as private assets, utilising local bank mortgages or personal funds for the purchase. Real estate can be registered under either an individual’s name or that of a private company.
- Minimum price: USD 850000.
- Maximum price: USD 274.5 million.
- Minimum area: m2.
- Maximum area: 14,400 m2.
Currently, the United States of America does not have a specific programme for obtaining residency through real estate investment. However, long-term residency visas can be obtained by investing in the local economy and creating a minimum of 10 jobs. Furthermore, residence permits are available to winners of the Green Card lottery, employees of domestic firms and relatives of US citizens.
Key destinations for both vacationing and real estate acquisition in the state encompass:
- Miami: Renowned as an international business hub with significant rental potential and stunning beaches. Notable areas include Brickell, Miami Beach and Coconut Grove;
- Orlando: Boasts a robust tourism sector, abundant entertainment options and affordable housing rates. Popular neighbourhoods include Lake Nona, Dr Phillips and Winter Park;
- Tampa: Showcases a rapidly expanding market, diverse economy, reputable schools and vibrant cultural offerings. Notable locales such as South Tampa, Hyde Park and Tampa Palms are highly favoured;
- Naples: Renowned for its exceptional quality of life, some of the best beaches in the US and outstanding golf amenities. Notable areas include Old Naples, Pelican Bay and Marco Island;
- Jacksonville: Presents a lower cost of living compared to other major cities, vast land areas and a burgeoning market. Coveted neighbourhoods include Mandarin, Riverside and Ponte Vedra Beach;
- Hollywood: Positioned strategically between Fort Lauderdale and Miami, boasting the picturesque Hollywood Beach Broadwalk along the Atlantic Ocean. Noteworthy areas include Downtown Hollywood, Emerald Hills, Hollywood Lakes and North Beach.
Common types of housing in the state encompass apartments, condominiums and single-family homes. Single-family houses frequently boast spacious yards with gardens or lawns, terraces and on occasion, swimming pools.
Luxurious oceanfront villas remain highly sought after by affluent buyers and investors, particularly in coveted areas like Miami Beach, Palm Beach and Naples. Coastal villas typically boast direct beach access, expansive grounds, private pools and other upscale amenities.
Condominiums, a unique form of apartment building, grant ownership of individual units to residents while common areas are collectively owned. These complexes often boast amenities such as swimming pools, gyms and children’s playrooms. Management of common areas and establishment of resident rules fall under the purview of the owners association, which may enforce regulations such as pet restrictions and rental limitations.
The state stands out as one of the most enticing investment destinations in the US due to several compelling factors:
- Rapid population growth;
- Robust tourism sector;
- Stable rental market;
- Favourable business environment with low taxes.
Absolutely! Renting out investment real estate in Florida can yield significant returns for several reasons:
- The region’s warm climate, stunning beaches, developed infrastructure and lack of income tax make it appealing to expats seeking long-term rental options;
- Real estate in Miami, Orlando, Tampa and Key West is ideal for short-term rentals, with many units generating returns of 7–10%;
- Investors can take advantage of various tax benefits such as mortgage deductions, operating and maintenance expenses and depreciation;
With population growth and economic development fuelling housing demand, real estate prices in Florida continue to appreciate, enabling investors to realise profitable resale opportunities in the future.
Real estate in Florida
All residential transactions in the state are facilitated through a broker. Once a buyer has identified a unit of interest, the agent presents an offer and engages in negotiations with the seller to establish mutually agreeable terms, including price and sale conditions.
Subsequently, a contract is drafted, detailing the terms of the purchase such as the price, closing date and other contractual obligations. Following this, the property undergoes inspection by a qualified inspector to assess its condition.
In cases involving a mortgage, the transaction progresses to the appraisal stage, where the bank assesses the property’s value to confirm the loan amount.
The final phase involves executing all necessary documentation, transferring funds and acquiring ownership rights.
Typically, buyers are responsible for covering intermediary expenses such as legal fees, inspections and brokerage commissions. Sellers are obligated to settle any outstanding utility bills or other financial obligations related to the property.
Reasons for investing in property in Florida
Purchasing real estate in Florida for investment purposes offers numerous advantages, including:
- Resilience in the face of rising mortgage rates, showcasing the region’s adaptability and continued growth potential;
- Projected home sales growth in the southern part of the state is expected to increase by 3% by the end of 2024 compared to the previous year, with prices continuing to rise steadily at 4%;
- A noticeable influx of population from other states, evidenced by the increasing number of exchanged driving licences. In 2023 alone, 153,347 such licences were exchanged, marking an 8.3% increase from the previous year;
- A thriving tourism sector that ensures a consistent flow of visitors year-round;
- A robust economy supported by diverse sectors including tourism, agriculture, technology, finance and healthcare;
- Stable housing price growth over the past 12 years, offering reliable investment returns;
- Continuous development of urban infrastructure, enhancing the overall quality of life for residents;
- The absence of individual income tax.
For investors seeking a hands-off approach to rental management, engaging a professional management company is a viable option. These firms handle all aspects of rental property management, from tenant acquisition to property maintenance, ensuring a hassle-free investment experience.
Buying real estate in Florida
Global.Properties serves as your ultimate resource for discovering and acquiring your dream house or apartment in Florida. Whether you’re in the market for a beachfront villa, a charming suburban home or a lucrative investment asset, our platform streamlines your search process. With listings covering the entire state from various sellers and developers, you can stay updated on market trends and explore options suited to your individual needs and preferences.
In addition to listings, our platform provides valuable articles covering various topics including home buying, relocating to the USA and investment strategies. With regularly updated information, users can stay abreast of the latest developments and make well-informed decisions throughout their property journey.