Beachfront Bonanza ? Miami Property Market
Oceana Bal Harbour and Turnberry Ocean Club Residences are two key residential projects along Miami beach that have caught the eye of investors.
The post Beachfront Bonanza ? Miami Property Market appeared first on LUXUO.
Lots of beach-based activities when you’re living along Miami Beach. Image: Oceana Bal Harbour
Home to year-round sunshine, clear blue waters, and plenty of beaches, Miami is the go-to destination for luxury waterfront property. From the beaches of Key Biscayne to the city views over Biscayne Bay, there are endless options available. Nowhere does luxury waterfront homes quite like Miami.
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The Miami residential property market has been booming since last year as people from across the US traded in their cramped and cold living conditions up north for better weather and favourable taxes in the Sunshine State. In fact, according to South Florida Business Journal, sales prices and volume have grown by double digits since a year ago. Â
This wave of out-of-town buyers is boosting the economy and now many large companies, especially around the tech and banking industries, are choosing to set up offices in Miami. According to the Florida Chamber of Commerce, another 23 million people are expected to move to the state by 2030. In South Florida alone, the population is set to rise by more than 12 per cent in each of the next three decades, according to the South Florida Regional Planning Council.
Facade of Turnberry Ocean Club Residences. Image: Turnberry Oc...
The post Beachfront Bonanza ? Miami Property Market appeared first on LUXUO.
Lots of beach-based activities when you’re living along Miami Beach. Image: Oceana Bal Harbour
Home to year-round sunshine, clear blue waters, and plenty of beaches, Miami is the go-to destination for luxury waterfront property. From the beaches of Key Biscayne to the city views over Biscayne Bay, there are endless options available. Nowhere does luxury waterfront homes quite like Miami.
Â
The Miami residential property market has been booming since last year as people from across the US traded in their cramped and cold living conditions up north for better weather and favourable taxes in the Sunshine State. In fact, according to South Florida Business Journal, sales prices and volume have grown by double digits since a year ago. Â
This wave of out-of-town buyers is boosting the economy and now many large companies, especially around the tech and banking industries, are choosing to set up offices in Miami. According to the Florida Chamber of Commerce, another 23 million people are expected to move to the state by 2030. In South Florida alone, the population is set to rise by more than 12 per cent in each of the next three decades, according to the South Florida Regional Planning Council.
Facade of Turnberry Ocean Club Residences. Image: Turnberry Oc...
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