With the increase in the number of residential and commercial developments in Miami, Beach FL, investing in the real estate sector in the city can be tricky. The demands for luxury properties are also on the rise as foreign investors venture into this lucrative business. In a survey conducted by the city’s top real estate specialists, over 60 percent of those who invested in the industry were foreigners. The other 40 percent represents local buyers and investors primarily from New York.
Since Miami Beach, FL borders South American countries, most of the city’s dwellers are Latino. Real estate challenges, such as political instability and low commodity prices, have affected Miami Beach, FL. However, real estate brokers, such as Samuel Strauch, are on the verge of ensuring that these challenges are curbed. They are encouraging more foreign investors from European and Latin American countries to buy property in Miami Beach.Miami Beach is one of the favorite holiday and vacation destinations for tourists. This factor has greatly contributed to the growth of its real estate industry. The US government has also exempted state income tax and homestead ownership fees. This incentive has enabled the locals to own residential and commercial properties in Miami Beach.
About Samuel Strauch
Samuel Strauch is a realtor who is based in Florida. Throughout his 14 years professional career, he facilitated the sale and acquisition of several properties. These structures are situated in Sunny Isles Beach, Aventura, Margate, Hollywood, and Miami Beach. Samuel Strauch currently serves as an agent of Affinity Realtor Group Inc, a Miami Beach-based real estate company.
He ranks in the top 100 list of Miami Beach-based agents who sell residential properties fast. Samuel Strauch’s high-profile sales include a condominium at 3801 Collins Avenue that a buyer acquired at $889,500. He also facilitated the sale of a Collins Avenue-headquartered condominium at $732,500.