Why is South Florida on the Radar of the Uber Wealthy

 

Real Estate Agents in Miami Florida Share Why South Florida Attracts the Uber Wealthy

Miami, United States - August 16, 2022 /RGL Real Estate, LLC/

 

From elite estates to island getaways, top Miami real estate brokerage RGL Real Estate helps individuals successfully buy and sell South Florida properties amid the highly-competitive marketplace. Long considered a warm-weather getaway, an increasing number of people are looking for a luxury real estate agent to help them find their full-time homes. In 2021, Florida saw a net gain of 260,000 new residents, according to the Census Bureau, representing the largest gain since 2005. 

What Makes South Florida Luxury Real Estate So Competitive?

An estimated 329,717 new residents settled in Florida between April 2020 and April 2021, spiking the demand for luxury properties. But why are so many people making the move?

Lower Taxes

Of those migrating to the state are high-net-worth and ultra-high-net-worth individuals seeking refuge from the high taxes levied in other states. By moving, many people are going from living in places where they experience the highest taxes, such as California and New York, to Florida, which does not have a state income tax. 

Economic Expansion and Opportunities

Florida has been enjoying decreased unemployment and strong job growth. Florida’s business landscape, which is arguably the most favorable in the United States, is driving economic success. Most recently, there has been a boom in tech professionals, tech startups, and finance companies moving to Miami and South Florida driving significant growth. According to Governor Desantis, Florida prioritizes workforce development and expanding opportunities for businesses and families in the state.

South Florida Real Estate is a Good Investment 

Increased economic opportunity and lower tax rates will continue to cause an increase in demand for South Florida real estate. Investors have long had their eye on the area and only see it yielding incredible profit in the future. 

Exclusive Neighborhoods

South Florida is home to a wide range of exclusive neighborhoods, from walkable tropical island retreats such as Allison Island to upscale condos and mixed-use developments in the bustling metropolitan area of Brickell. South Florida enjoys unrivaled diversity in the types of communities, offering something for every luxury home buyer. 

Cultural Diversity

As realtors in Miami, one of the things clients report appreciating most is the cultural diversity that makes up the many communities. South Florida is a mosaic of culture, history, and experience that is expressed in its arts, entertainment, food, and architecture. 

The Ultimate Destination

With amazing weather year-round, miles of pristine beaches, world-class restaurants and celebrity chefs, trendy bars and nightclubs, museums, fabulous shopping, and a diversity of people and cultures, the wide range of amenities make it the ultimate place to call home. 

Choosing a Luxury Real Estate Agent in Miami Florida

Without question, Florida is one of the most desirable places to live, offering many advantages. These advantages are driving a surge in South Florida luxury real estate market attracting out-of-state buyers. This is causing a dramatic rise in property values, making it highly competitive and challenging to navigate. Because of this, not any Miami real estate agent will do. To achieve success in this competitive landscape, 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 buyer or seller. 

About RGL Real Estate Group

Founded and managed by South Florida residential real estate expert Nick Robinson, RGL Real Estate is an innovative, market-savvy, and top-producing 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