Anyone who has even a slight interest in real estate knows that South Florida is one of the best places to buy and sell currently (website here. The prices for the homes on the market are getting higher, and there seems to be a never ending demand for properties in Miami. Things are really looking up in the area, and that’s great news for anyone who plans to buy or sell in the area. Some interesting new towers are going up, other properties are coming up for sale, and there’s always something new happening in the area. Let’s look at some of the interesting stats in the area.
Closer to Cuba
Even though we are a mere 90 miles from Cuba, for many years, there seemed to have been a near immeasurable distance between the two countries, even though many from Cuba make their home in Miami. However, over the past few months, things have been changing. The United States and Cuba have come closer together both economically and politically. This closeness could mean quite a few changes thanks to the eased travel restrictions. What does this mean? It could mean that the real estate development of Cuba is just around the corner. The next few years will certainly be interesting to see just what happens.
More Units in the Area
People have a thirst for more properties in South Florida. Thankfully, the developers are working hard to meet those needs at every turn. In fact, in 2015, there should be approximately 6,400 new condo units available in South Florida. Of these units, around 5,400 of them will be in Miami. Does this seem like a massively high number? While it might seem high at first, it’s right in line with the demand in the city. More and more people from around the country and around the world are looking for places to buy in Miami. They want everything that the city can offer, and they love the idea of luxury condos just steps from the beach.
Making Travel Easier
Another reason to love what’s happening in Florida right now is the fact that the state is working hard to make travel between areas easier. The All Aboard Florida plan for a passenger rail service is underway. Service doesn’t begin until late 2016, but it is interesting to see just how many more travelers this will bring to and from Orlando to Miami.
In addition to the travel system and the additional condos, there will be 17 new hotels just in the Miami area completed in 2015. This will provide the city with another 2,761 rooms this year alone. Even more hotels are planned for the future, ensuring that the city always has enough rooms for those who are visiting.
Miami is a very exciting area to call home now, and if you are just now thinking about getting property in the area, it’s an ideal time. You will have a wide range of options thanks to all of the choices in this growing and vibrant area.