Monday, January 5, 2015

The real estate boom in Miami the French dream

Those who have invested in Miami real estate market are rubbing their hands. Prices jumped 12.5% ​​in one year. Yet Florida was one of the hardest hit by the housing crisis states. Today, the strength of the US economy (3.9% growth in the third quarter) boosts the market and construction. "We sold in three months the first round of our Paraiso Biscayne Bay program," said Carlos F. Rosso, president of the American developer Related."We have clients on the waiting list for investing in the second round, which will be placed on the market," adds Adam Redolfi, Barnes. In good neighborhoods of the town, Coconut Grove, Coral Gables, Miami Beach and the islands of the bay, the competition is tough to afford a house on the water.Celine Dion, Enrique Iglesias (a star in Latin America) live there."A 2.8-hectare property with its mangrove is selling $ 65 million," says William Pierce, at Coldwell Banker. And new neighborhoods emerge. To each his budget with $ 250,000, one can find an art deco boutique studio. $ 500,000 with a 3-room. The prices have not recovered their highest, they are at the level of 2004. But investing overseas can not be improvised. This includes properly assess the costs and taxation (property tax weighs nearly 2% of the price). Many sites boast goods to attractive yields, sometimes too much."Be careful not to get trapped by buying goods for resale impossible," warns a professional.

Moving to the USA, a good deal

Sylvain Bignon is the proud owner of Green Street Cafe in Miami. "I arrived there twenty years. I failed, I started from scratch by working in a sandwich shop and I created this coffee, then a second.Today, this represents $ 15 million in revenue, "he says. While at home, 35 hours are subject to debate, says her fight for its employees do not work too much. Too good to be true? The American dream does not always end well, but it exists. London and Asia are not the only places in the world that attract French willing to undertake. "Here you have to work, but everything is possible. One third of our clientele is made up of French 40 to 50 years old who want to start their own business in Florida, "said Thibault de Saint Vincent, president of Barnes, who knows the area.
Immigration policy is pragmatic. "The best way to become a resident is to invest in the United States by buying a business or expanding one and creating jobs," said Nicolas Billaud, who has just left Neuilly to start a new life in Barnes. Today, it selects the companies in which could invest the French who want to start their lives in Florida.

No comments:

Post a Comment