Although the global real estate market cools in some regions of the United States, Miami seems to go to the contrary. Neither the rise in rates, nor the political uncertainty in the region stops the advanced foreign one on that real estate market. For example, last year, the counties of Miami-Dade, Broward, Palm Beach and Martin received foreign investments for $ 3.100 million, according to Miami Rectors.
That figure represents 10% of the total international transactions in the United States, consolidating southern Florida as a patrimonial pole for the pockets of Latin American investors, with Argentines, picing in Punta.
This new cycle of opportunities responds to a combination of factors: a broader offer in key areas, greater financial flexibility for non -residents and a renewed conviction among investors that it is preferable to buy a property in dollars in a market like Miami, which immobilizes capital in more volatile economies.
From the real estate aspect, clear consolidation signals are perceived. “Miami continues to stand out for its legal certainty, clear rules to invest and financing options that allow access to premium properties from reasonable amounts. In addition, from the pandemic, many clients prioritize assets that combine profitability with use value ”, Point out mAru Álvarez VitaleCo-Swann Realty Partners FounderReal Estate expert signature of the area.
On the other hand, Andrés Allerexecutive director of Aller & Co, highlights that Florida in general, and Miami in particular, “continue to be extremely attractive to the foreign investor for a combination of factors: quality of life, a pro-negocios climate and a very strong population growth.” He also mentions the next elimination of “Sales Tax” on commercial rentals, the absence of income tax for individuals and considerable population growth: from 18.8 million in 2010 to more than 23.3 million in 2023, which represents 1.7% average annual.
According to the report of Miami Realtors, Argentines lead the ranking of international buyers. They represent 18%of the total foreign operations in the city, followed by Colombia (14%), Canada (8%), Brazil (6%) and Mexico (6%).
But it is not just great entrepreneurs or figures of the Jet-Set, but of increasingly diverse profiles. For example, most Argentine customers are between 45 and 65 years old, consolidated heritage and a clear diversification strategy. Many are senior or businessmen, there are also families who already reside in the United States or plan to do so soon.
The Top areas. When choosing where to invest, Argentines are concentrated in five key areas that combine connectivity, revaluation potential and tourist attraction: Brickell, Key Biscayne, Sunny Isle, Midtown, Bal Harbor, Wynwood and Downtown. These areas maintain a sustained demand by Latin American buyers, and especially Argentine, thanks to their proximity to financial and educational centers, their multicultural profile and the growing residential infrastructure. In addition, the possibility of generating income via temporary rentals (on platforms such as Airbnb) further enhances the expected profitability. “Wynwood and Downtown, for example, are areas in full urban transformation. With new luxury, art, gastronomy and proximity developments to beaches, they are very sought after by those who want a second residence with a potential for appreciation or units designed directly for short income”stand out from Swann.
The obej. According to Miami Realtors data, 59% of Argentine buyers acquire condominiums, while 76% do so for investment or holiday use.
Some opt for well -off units for their payment facilities in stages. Others prefer finished units ready to rent, as part of a heritage diversification strategy. “The Argentine investor combines financial and emotional logic: he looks for a property that gives up, but also that he can enjoy ”says Álvarez Vitale.
The appeal of the Miami real estate market is not limited to institutional investors or large investment funds. For years, recognized figures from business and Argentine show also choose this city to diversify its heritage.
Among the most emblematic cases it stands out Lionel Messiwho recently expanded its real estate portfolio in southern Florida with the purchase of four units in the complex Cipriani Residences Miami. The crack was already owned at the Porsche Design Tower and had a residence valued at more than US $ 10 million in Fort Lauderdale. Other known investors are Edgardo Defortuna (Cordoba businessman and founder of Fortune International Group) that promoted projects such as Jade Signature, Ritz-Carlton Residences and Cipriani; Eduardo Costantini, who developed two luxury complexes: Oceana Key Biscayne and Oceana Bal Harbor, combining art, design and real estate investment Top; Alan Faena (Faena District in Miami Beach) and Jorge Pérez, (founder and CEO of the leading developer The Related Group). Names that sign a trend: Miami is the entrance door “Argenta” for business in the United States.
By Marcelo Alfano
