Invest in Miami: For better income, Argentines look for more houses than departments

In recent years, Miami has become a city that attracts a select group of Argentines that seeks to invest in Real Estate.And promptly, for 2021, the result of local economic and political instability, the interested parties that analyze opportunities in the Florida Peninsula have increased.

Eduardo Pérez Orive, head of Pérez Orive Group, states that with 200.00 dollars can acquire an Enmimi property "that allows obtaining a profitable profitability and good capitalization expectations".However, he clarifies that "the best profitability is in the houses, since they have no expense, an expense that has an impact on the profitability that makes the investment achieve the expected return.Today in a house an income from 5% to 7% per year can be expected, while in a condominium it can be set at a strip from 2% to 4% ".

For his part, Virgilio Raiden, CEO of Globoup, confirms that "Enmimi, net profitability ranges from 3% to 6% or 7%"."It is important to highlight the word 'net', which is profitability after paying the rental administration, property insurance, real estate tax and expenses, if they exist, since in the United States the owner is paid in the United States.", add.

Raiden argues that "Argentines generally seek units that can rent and use when they visit the city.Many projects offer the possibility of temporarily renting them through platforms such as Airbnb, which allows to achieve greater profitability of investment ".

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For his part, Maximilien Dupuis, director of Soldati/Fortune, states that "the Argentine investor seeks.

The preferred areas

The connoisseurs explain that some areas are saturated and others still have land to expand and even change the zoning."In general, South Demiami is the one that shows a marked development of new constructions (houses, fundamentally), but that does not mean that they continue to build condominiums in districts such as the Downtown Demiami, Brickell and the beach," says Perez Orive.

In this aspect there is enough consensus among the references consulted."Enmiami, the Downtown area is generating a lot of interest in the Argentine investor with the launch of a series of projects (54 District) that tend to requalify the area that had been left behind, between Brickell Avenue and Art/Design District," he saysDUPUIS.In addition, he mentions the city of Pompano Beach, 50 minutes demiami."Another clear example of requalification, where the migration flow of the northern United States generated a clear housing demand, opening new perspectives in areas that are not necessarily the classic Demiami Beach and surroundings, generating new investment alternatives that were not in the radarof the Argentine investor ".