Diversifying your investments means to seize the opportunities offered by a global market.
Investing in the international real estate is definitely one of these opportunities.
It’s not without risk, especially because you will operate in a market with different dynamics from those already known in our home state.
Taxation and legal aspects are different too and need to be handled with maximum attention, applying to professionals who have a presence there.
Miami has a diversified economy with a strong financial sector and constitutes an excellent market for international buyers.
In addition to that, if we want to talk about good reasons to invest in Miami, here are a few of them:
To sum up, there are many good reasons to invest in Miami, but we’ll never stop emphasizing the importance of relying on serious and expert professionals.
With an in-depth knowledge of the market, they will be able to guide you in the right direction to find the properties meeting your needs. They’ll help you to diversify your investment portfolio avoiding any rash decisions.
To explore the subjects and new opportunities, our studies are at your disposal. Get in touch!READ MORE
The trend of the recent years has been growing, and an increasing number of private and business companies are considering the possibility of investing in the US.
What are the reasons that push these investors overseas?
Despite the recession of the most recent years, US economy surely remains strong. But the choice is also driven by other reasons.
1 – GREAT EXPANSION POSSIBILITIES. The US has a huge and dynamic market. Investing in the US, hence, means interacting with a large number of potential customers. But the potential of this market goes far beyond American borders. In fact, the US has a number of Free Trade Agreements with many countries. They represent a major business partner globally, so investing in the US means to actually face a global market.
2 – NATIONAL LEGISLATION IS “BUSINESS-FRIENDLY.” In addition to encouraging and supporting local entrepreneurship, the US takes very favorable measures to encourage foreign investments. Facilitating investments in the US is the ultimate goal of Select USA. This is an initiative within the US Department of Commerce whose mission is to facilitate job-creating business investment into the United States and raise awareness of the critical role that foreign direct investment (FDI) plays in the US economy. On its website, you can find all the information about the programs and services available.
3 – LOW FISCAL PRESSURE. The tax burden is lighter than the Italian one, and the whole system is much more efficient also thanks to a leaner bureaucracy. Investing and starting-up are much less complicated than in Italy. The number of administrative requirements is lower, and timeframes are shorter. Hiring professionals with a deep knowledge of the market and its regulations is of primary importance to avoid mistakes.
4 – SKILLED LABOUR AND INFRASTRUCTURES. Investors will be able to rely on a skilled workforce. R&D are two areas where the US is at the forefront. Universities and colleges can train highly qualified professionals. All this, together with a well-developed infrastructure network (roads, railways, ports, airports), makes the picture even more promising.
To make informed choices, it is essential to evaluate all the various possibilities offered by each state and carefully examine local legislation and practices. Whether you are buying a real estate property or starting a business, it is always recommended to enquire professionals who can provide you with detailed and up-to-date information.
Please contact us and we will be happy to further discuss this topic with you.READ MORE
With a view to diversifying your own investments, NYC real estate market is an interesting opportunity to be carefully considered, especially in the recent period when mortgages are affordable, and property prices will likely continue to increase in the coming years.
However, it is not a risk-free operation, and we wish to stress once again that a foreign market has different dynamics from that of your home country and it becomes imperative to rely on local professionals.
They will be able to provide you with detailed information and insights regarding all the legal and fiscal aspects.
It is one of the most stable real estate markets in the world and offers top-class properties particularly for those who are planning to purchase in order re-sell or re-rent. We suggest contacting dedicated agencies who specialize in assisting their clients with this specific type of investment.
Again, it is crucial to hire trustworthy people or companies who can take care of each step of your investment process: this would save you a remarkable amount of time as well as a considerable number of on-site trips.
Of course, it is also possible for investors to buy properties directly from the owner, though these transactions are usually more complex as the buyers will have to face more challenging situations: while having to demonstrate your financial strength, you will deal with many other investors hunting for the same opportunities. However, it is still possible to succeed if the appropriate precautions are taken on time.
Are you buying a place for yourself which you will only utilize when in New York? In that case, your apartment will likely remain empty for long periods so your main goal may be to spend as little as possible. But if, as with most investors, your intent is to buy a property to profit from, your approach might be different. You may want to consider higher prices as buying for less may then result in profiting less. By the same logic, buying for more will result in higher rents and eventually higher profits.
2. There are two main types of New York apartments: Condo and Co-op.
Most NYC properties are co-op (cooperative) meaning they are owned by a corporation. Buying a co-op does not mean you will own the whole property, but only a part of it. The bigger the apartment, the bigger the share, just like corporate actions. A monthly fee will also be charged to cover all of the property management costs (insurance, maintenance, etc.). Every co-op has strict regulations which include the possibility of subletting your apartments. Also, to be able to invest in these properties, you will have to comply with tighter financial standards. Co-op apartments are usually cheaper, but be aware in advance of what your real needs are as renting will not be possible without prior co-op board approval.
On the other hand, buying a condo will be more expensive, but it will make you the actual owner and the buildings regulation and management board are usually more flexible. You are free to decide whom to sell or rent without having to wait for any approval. It is probably the best solutions for all the investors who are planning to profit from their properties.
3. Do not solely focus on the neighborhood prestige.
Location is important, but only a part of the story. It is just as important to evaluate what the area offers regarding commercial and transport services. And this is particularly true if you are planning to rent your properties: it will make all the difference for your tenants.
4. Know the building and the builder.
Conducting research on the construction company will make you learn more about its reputation and if its buildings quality standards actually meet with yours.
5. Take a visit the condo.
This is essential to have an idea of the area and the people living there and you could personally check the state of the building.If you cannot personally inspect the condo then consider delegating to someone you trust who can do the job for you. And do not forget about technology: Skype and (live) videos can be of great help.
Investing in NYC real estate is a good opportunity, but we will never stress enough the importance of relying on professionals with a recognized expertise and a solid reputation.
Thanks to their deep market knowledge they will be able to guide you towards your best housing opportunities, helping you diversify your international investment portfolio and avoid making wrong decisions.
Our firm is, as always, at your complete disposal for further information, get in touch.READ MORE