Top Real Estate Agent Shares Why South Florida Real Estate Is So Popular Among Luxury Investors
Miami, United States - August 17, 2022 /RGL Real Estate, LLC/
In a market flooded with competition, RGL Real Estate has proven itself as a premier luxury real estate broker by developing strong relationships built on integrity and offering clients sound advice. Investors regularly seek the group’s expertise in navigating the competitive South Florida luxury market. But in a state filled with opportunity, why are so many savvy investors eager to buy luxury properties in South Florida?
The South Florida Population is Increasing
Offering low taxes and rich amenities, an increasing number of people are looking for a luxury real estate agent to help them find full-time South Florida homes. In 2021, Florida saw a net gain of 260,000 new residents, according to the Census Bureau, representing the largest gain since 2005.
Demand For Florida Luxury Properties is On the Rise
Millennial millionaires and other high-net-worth and ultra-high-net-worth individuals are moving to the area in droves and driving demand for these properties up.
The Value of Luxury Properties Continues to Increase
Housing prices in the area have steadily increased since 2015. In fact, Miami’s luxury real estate market leads in the growth rate among the global cities. This is great news, particularly for buy-and-hold investors.
There is a Shortage of Luxury Rentals
Because of the overall housing shortage, rents in South Florida continue to rise. Those looking for luxury properties to rent continue to see the value because even as the rents rise, they remain competitively low compared to other areas that offer far fewer advantages.
The Housing Shortage is Expected to Continue
While the population growth is not expected to slow, housing shortages in South Florida and across the US are expected to continue for some time. Builders continue to face material shortages and other challenges that have slowed new builds. Since housing shortages are nationwide, new residents are willing to wait it out in the area in which they hope to buy in the future.
Even if a resident prefers not to rent, the South Florida inventory of luxury properties can not support the influx of new residents looking to buy. Because of this, a new market of those renting as they await buying has been created. Too few homes to meet demand also make the hot market ideal for rapidly flipping properties.
The Short-Term Rental Market is Booming
South Florida continually ranks as one of the top US destinations. With such a low inventory of properties, there are far fewer available for short-term rentals. This attracts many investors that specialize in short-term, luxury vacation rentals.
Luxury Real Estate Agent in Miami Florida
Whether they focus on short-term or long-term rentals or seek to hold or flip a luxury property, smart investors know to work with a knowledgeable and trusted Miami real estate agent. The South Florida market is highly competitive but offers many opportunities. To seize those opportunities, however, it is important to work with an experienced luxury real estate agent who knows the area and the market and understands the needs and interests of the luxury home investor.
About The RGL Real Estate
Founded and managed by South Florida residential real estate expert Nick Robinson, RGL Real Estate is an innovative, market-savvy boutique agency serving domestic and international clients. The industry-leading listing agent provides uncompromisingly superior customer service and unmatchable access to qualified buyers and sellers.
If you are looking for a Miami real estate agent that specializes in serving the needs and interests of the luxury home buyer or seller, consider contacting Nick Robinson and RGL Real Estate. You can visit the website at https://www.rglrealestate.com or reach the group by phone at (305) 504-4235
RGL Real Estate, LLC
1395 Brickell Ave., Ste 925
Miami, Florida, 33131
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