Real estate: to afford an island in the US

Afford a slice of heaven from $ 400 000. The consulting firm real estate investment in the US My US Investment presents the island of Key Biscayne near Miami coastline.

Key Biscayne: the island paradise of Miami

Miami connected by the bridge since 1947 Rickenbacker Causewey, Key Biscayne Florida is the southernmost island.With its many outdoor activities as well as its remote villas of exceptions from the bustle of the metropolis, the market real estate of the island has suffered little from the crisis and remains a high-end market, according to consulting firm Investment in real estate My US Investment. Particularly popular with tourists and retirees, Key Biscayne or KB is structured around a village crested in the heart of the island, bounded by two natural parks, Crandon Park to the north and Bill Baggs Park to the south. Surrounded also many villages or neighborhoods such as Coconut Grove, Coral Gables, Pinecrest or Fort Lauderdale, this island has a differentiated properties in a north-south axis. The properties north of the island are in fact often more affordable than those of the southern districts, mainly affluent and historic.

At what price will offer a little piece of paradise

"Although construction on the island of Key Biscayne is limited, good opportunities of acquisition and investment remain possible. The local real estate market consists of luxurious hotels (Ritz Carlton), buildings of condominiums and many individual upscale properties, " said Victor Pagès, founder of My US Investment, Consulting firm in real estate investment in the United States. "Regarding prices, the range is very wide. We find, however, difficult goods less than 1 million. Conversely, among the most exceptional properties, we can detect properties of up to 60 million. "

For an investment on the island of Key Biscayne, My US Investment said that it is possible to find goods from: 
- $ 400,000 for 1 bedroom 
- $ 750,000 for 2 bedrooms 
- over $ 1.2 million for a house or a villa

Chinese are now going to Miami

Miami has its Little Havana and Little Haiti, a neighborhood known as Westonzuela and even the Venetian Islands. What lacks is a Chinatown.

Shan Jie Li wants to do something about it. The real estate developer in the city of Linyi in windy area of ​​northeast China, plans to transform the most populous metropolitan area in Florida, with its clean beaches and its tropical climate, a destination for Chinese property investors.

"We are thinking of bringing Miami to the new wave of wealthy and educated Chinese," Li said in a telephone interview with the help of a translator. "The environment in Miami invites a very nice lifestyle. Play golf and going to the beach are attractive important. "

While Miami recovery from the financial crisis was driven by South Americans who bought empty apartments, the city today lays eyes on Beijing to support growth. The Chinese have become one of the fastest growing segments among foreign buyers, according to the Association of Realtors of Miami, in a time when the weakening of the peso, the Brazilian real and the Russian ruble discourages investment other countries.

New Museums

From the most difficult times of crisis, when the rates of vacant properties in the city center rose to 60 percent, cranes returned to the horizon and property values ​​rose. A museum of modern art from US $ 131 million funded by Jorge Pérez, the billionaire owner of Related Group, opened in 2013; next is building a science museum, next to the waterfront of the Bay of Biscay.

Latin American buyers accounted for 62 percent of purchases in Miami last year, led by Venezuela, Argentina, Brazil and Colombia, according to the Association of Realtors. This helped lead the median home price to US $ 276,000 in December, up 54 percent compared with US $ 179,000 in late 2011, according to Zillow.com, a website properties.

"We have a significant number of Chinese buyers; yet less than 5 percent of the total, but growing, "Perez said. After giving a recent lecture to students at the University of Miami, Chinese parents of a student bought $ 20 million in real estate, he said.

"Russia had it been a good source of buyers, particularly in places near the beach, but now it is declining," he added. "I have no idea if the South Americans continue to buy as before."

Sales in Beijing

Armando Codina, chief executive officer of the real estate developer Codina Partners, wastes no time. He sent a representative to Beijing to bolster sales of its project Downtown Doral $ 1,000 million, northwest of Miami-Dade County.

"We are seeing an activity of Chinese buyers we had not expected," said Codina, born in Cuba. "The Chinese are enthusiastic about this project in two seconds, because they have seen the emergence cities of nowhere".

Shortage of noodles

If only there were more stores that sell noodles.

"There are not enough restaurants, supermarkets and Chinese in Miami spas", Li, director of American Da Tang Group, member of the State China Communications Construction Co. "These are challenges to overcome said. We include new restaurants and services that meet the tastes of Chinese as any other. "

However, there are still skeptics.

While the Chinese media have been promoting to Miami as a real estate destination -a publication said Chinese investors are "flooding" the city-, figures from the Association of Realtors show that still represent a fraction of purchases: 3 percent. The expansion in the second largest economy in the world is the slowest in 25 years.

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Shakira relist her villa to sell in Miami

We know, from the chronicles estate of which we often speak, that even for Vip times are not exactly rosy and that even millionaires must reckon with the market trend of the brick . It is news these days that Shakira has been forced to revise downward , albeit not by much, the price of the villa which has put on sale a year ago and that is still unsold.

 It is a veritable palace, certainly not from Gipsy , just 60 meters from the beaches of Miami , with outdoor swimming pool and private dock. The singer had bought the villa in 2001 for "only" $ 3.3 million and now its value was more than quadrupled. A year ago the demand was 14.5 million dollars , now it's down to 13. Of course the changes to the baseline condition were important and have broadened the ownership of approximately 160 square meters adding several bedrooms and bathrooms.

Today the house is larger than 900 square meters and has seven bedrooms and nine bathrooms. All the villa is paved with a fine light wood flooring laid in the kitchen. And the kitchen is the part of the house where you can see more than elsewhere, the desire not to miss anything since it is equipped just like that of a chef.
And if to justify spending so high this is not enough, then it is good to know that in North Bay, part of Miami Beach where is the house for sale, the neighborhood is more than respectable. A few steps from the beautiful villa, in fact, live two other international stars from the Latin blood as Shakira, Jennifer Lopez and Ricky Martin , and one of the most famous Hollywood actors, Matt Damon .

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Until 2020 Miami receive 10 billion investment

This is a historic moment for Miami. Between 2013 and 2020, 10 billion dollars of investment they are making in the new Miami New York will come from.

Daniel Rutois widely known possibilities, advantages and disadvantages of investing in what he considers the "new New York". Over 20 years ago, is in the business of real estate investments and believes they are today ripe for not only Latin, but more specifically the Argentines seeking real estate in this city a new horizon business savings or business aspirations. On their way through Mendoza met with Economic Environment to make clear some ideas about the possibilities of investing
in Miami.


What entices the investor today in the Florida real estate market?

This is a historic moment for Miami. Between 2013 and 2020, 10 billion dollars of investment they are making in the new Miami New York will come from. What happened in the 1950s with the boom of real estate investment in New York is going through right now in Miami. It is a very good investment opportunity
with a sound currency so I think that is a very good opportunity for Latin
America. To the one who knows the area where you will be this new megainversión is Vizcaine street between the streets 32 and 42 The most important stores worldwide are being installed there.


But investing in Miami is not for everyone.
I can tell you I do homeland, because through the information you close to people, many of them working, I make sure to invest in something with a return
they will return to their country. Not all investments of half a million dollars, no investment of around $ 80,000. Many people even had an apartment in Buenos Aires or Córdoba and sold them to invest in Miami with excellent returns.


Was then the housing crisis of 2009 in the USA, there are still opportunities
in those properties that were withdrawn by the banks?

Between 2000 and 2005, many investors in Latin America made ​​a lot of money, it was the
housing boom, from 2006 the market fell and literally closed and allowed companies to invest in the USA. Only at the end of 2010 we started back representing many of the banks that took millions of homes for people who could not pay. Today there are still some of those properties, and while the price has gone up a bit not reach the price they had before the debacle.

If you have to recommend a real estate business, what would it be?

One has to go with the wave of the economy, and what is business right now is to acquire properties before they are built, what is known as "well"; many things they offer are not even on the market yet. There are customers who are making it a 15 to 18% annual returns. My advice is that today it is very difficult to fight against inflation and dollar in our country, and now
more than ever, you have two pesos to invest has to look not only to the United
States, may be to Chile or Brazil.

What nationality are the major real estate investors in Miami?

Many Russians, Brazilians and Argentines in the last two years, which are moving
preconstruction market.

In conclusion, why invest in Miami?

And where then? Even in America there is competition for Miami. Moreover, the United States reduced its oil imports by 70%, that's important, it's a country that continues to grow. The efficiency and legal certainty does not give other country in the world. Miami is the first city in the country with more tourism, any serious company is based in Miami, has 300 daily families who move to
Florida. There are many factors, and if someone decides to invest 10 billion something is.

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