Why Miami Real Estate Continues to Hit the Top? Here Are 5Reasons

October marked for more than 4 years of price appreciation of homes in Miami.A new report reveals that the property market of Miami shows a remarkablegrowth as sale price of condos increased by 8.1 percent which is from $185,000(last year) to $200,000. Prices of Miami condos for sale have risen by 52%from the last 4 years which have brought stability in this market. And in theupcoming holiday season, investors are more likely to see another boom in thehousing sector of Miami. Here are reasons why Miami has become the biggestplayer in the real estate sector.

1) Attract International buyers: The increase of sale is not only drawn bydomestic buyers but international buyers are also attracted by the growthopportunities offered in Miami, Florida. International buyers find great potentialin Miami housing market for many reasons and one of the main reasons is thatforeigners look Miami as a 'safe heaven' for investment. Miami has emerged asan international trade and commerce center and its flexible laws, growthopportunity, low mortgage rates make it the safest destination for investment.

2) Affordable mortgage plans: Government authorities confirm that severalapartments have been approved for FHA loans, therefore more consumers canapply for these loans and achieve the benefits of low down paymentmortgages. Permitting citizens insurance and co-insurance clauses is anotherremarkable change that will make able near about 90% of Florida's apartmentprojects to be comply with FHA's insurance requirements.

3) Job opportunities: According to the top economists, the surpass job rate ofsouth Florida encourage many people to move here. Palm Beach and Miami-Dade counties are expected to show 2.8% growth. It is more than nation’sannual job growth rate which is 2.1%. South-Florida's economy is stronger thanthe rest part of the states. This is another reason which encourages the growthin employment rate in South Florida.

4) Possess beautiful locations: The mesmerizing sea-front locations withclement weather, pleasant breeze throughout the year and pristine beachesmake your living places most desirable locations for living. By taking advantageof these tempting destinations, developers have built high-rise condos whichare considered the noted example of extraordinary architecture. Bay HarborIslands FL real estate offers many water front homes with modernarchitecture and let you enjoy an unobstructed views of Biscayne Bay.

Many upcoming housing projects have come up with more advanced featuresof homes in every aspect of home building. In addition to the world classapartments, a number of modern amenities are also the most attractive featureand reason that encourage buyers to purchase a condo here.

5) Offers best neighborhood: Miami offers fastest growing neighborhoodsthat attract many to move in Miami. Brickell, Downtown Miami, Coral Gables,Coconut Grove, South Beach Miami condos for sale are considered mostnotable neighborhoods and you can easily find one that fits to your lifestyle.

These destinations offer international banks, commerce and trade center,prime locations, luxury condominium, scope for recreational activities, topeducational institutions, dining options and close proximity to the importantplaces of the city. So, investing in Miami property market is really worth forbuyers.