Why are international buyers drawn to Sunny Isles Beach?

We have seen since 2003 an accelerated influx of international investment in these areas. As has been the trend in the US, our country is still considered a safe haven for capital and investment. The US real estate sector continues to attract foreign investors from France, Germany, the Netherlands, the United Kingdom and many other European countries. Asian shoppers are less conspicuous, but are seeing more of them lately. Russian investors are a growing factor and have a preference for some specific areas. One of them is Sunny Isles. Some of the reasons:

to the beach. For Canadians and Russians, the fascination of the ocean, the sun and the sand is an endless joy. For many Floridians, the proximity of the beach as an everyday luxury has become a habit. From time to time we open our eyes to the infinite luck of walking a few blocks, or driving a few minutes and being able to get our feet wet and walk barefoot on soft sand, enjoy a slice of pizza and a beer on the boardwalk almost every day of the year. But those who have endured the long and icy days of winter, the absence of the sun for weeks and months, the claustrophobia of short days and long nights behind walls, are usually happy just enjoying the warm rays of a Florida sun. , shorts and t-shirts. shirts, sandals or a drink on the terrace of a restaurant next to the watercourses. Therefore, we can never ignore the ‘Beach Factor’.

b) The lowest prices since the peaks of 2004 and 2005. No one can deny that compared to real estate values ​​in most countries of the developed world, Florida is a bargain. We are not talking about Paris, London or Moscow. We are even talking about a small town in those countries; even in Canada. And South Florida hasn’t lost its allure at all.

c) On the contrary, every year there are more and more entertainment venues, attractions and facilities available. Multiple centers of interest in Fort Lauderdale and Downtown Hollywood, along with the stretch of Sunny Isles Beach, the Hollywood Broadwalk, Surfside and Bal Harbor areas, South Beach, Downtown Miami, its art and design districts, which be. Sports shows are of an initial variety. NBA professional basketball, hockey. NFL football, professional baseball; Florida is home to famous teams and the daily chance to attend big shows is incredible. Deep sea fishing, lake fishing, canal canoeing are another wonderful option. Bike and run in our shaded streets and our many parks. The trendy areas of Lincoln Road and Ocean Drive in South Beach, as well as Fort Lauderdale’s Las Olas Boulevard, attract crowds young and old, with their endless selections of bars, restaurants, nightclubs and discos. The Latin zone of Little Havana is a pleasure to visit. Well, this is not supposed to be a tourist brochure.

d) The weak almighty dollar. The strength of Euros, Pounds, Canadian Dollars do not inspire complete confidence in their owners. There is always this feeling of ‘the dollar coming back’ at some point in the future. Meanwhile, these currencies can be stretched to the maximum by the foreign consumer. And Real Estate is now considered a good investment, compared to the Stock Market and Bank deposits.

e) The possibility of an eventual transfer to this area. Many buyers from the northern part of the US, Canadians, Latin Americans and Europeans have dreams of one day being able to move to Florida. It’s very common for me to hear: ‘a vacation home for now’, maybe a second home later, and who knows? Perhaps a place to retire one day. And buying the dream while making a good investment is a very good reason.

f) Sunny Isles is located on the northern border of Dade County and southern Broward County. This optimal configuration allows you to enjoy both areas with a minimum of driving time. Right in the middle between Fort Lauderdale and Miami airports, very close to the ‘chic’ shopping area of ​​Aventura, with Bal Harbor shops just around the corner. Sunny Isles has changed dramatically over the last decade. From a row of older motels and hotels, the land has been redeveloped into luxurious high-rise buildings along the beach and the Intracoastal. Many open-air shopping plazas on the west side of Collins Avenue are home to a multitude of bakeries, restaurants, shops, offices, bars, and all manner of places of business. This has added to the attraction of the beach. Personally, I love walking to some Russian food shops and ordering these exotic dishes at lunchtime, or having a quick dinner at an outdoor table at an Argentinian pizzeria and enjoying an Italian gelato sitting on a warm, breezy night.

g) There are a variety of real estate options for all buyers. This is a wide range of condominium buildings of different price points, either on the ocean side or on the bay and intracoastal side of Collins Avenue. Sunny Isles is, in a way, Aventura’s stretch of beach and its shopping and entertainment options. If you’re still not completely convinced, just talk about a walk down Collins between 150 and 190th Street any time of year, and feel the holiday atmosphere.