Real estate sales over $ 1 million jump in Miami

According to Miami realtors, the sales have increased by 31% in comparison to the beginning of the last year.

Шn Miami over 150 properties were sold only in this year February.  They include single-family houses and apartments. The demand for houses was a bit higher than for apartments.

Real estate purchase growth in Miami is real due to a new law that came into effect at the end of the last year. The law states new tax privileges for real estate owners (the tax will be slightly more than 1% per year) in Miami.

According to the analysts, the law led to real estate purchases growth among both foreigners and residents of other States, where tax levies are higher than in Miami.

Moreover, many homeowners are selling their real estate. In February 2018, the real estate market had over 200 of new real estate offers, valued of $ 1 million, which is by 15% higher than in February 2017.
Here you can find real estate offers in Miami.

 

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