The USA is attracting more and more Europeans, including the French who consider this country to be the new El Dorado for real estate investments. Indeed, market conditions are more favorable there than in France. Given its geographical location and its climate, Florida is a state that experiences a constant flow of migrants and the French community has found its place there. Point.
The United States recorded several sales at attractive prices from 2008 to 2015 due to the unprecedented financial crisis. Many homes were seized by banks and then resold at below-market prices. For 8 years, selling prices were 60% cheaper than buying prices. In 2020, they have still not returned to their initial level and real estate investment is still appropriate there.
The American territory is favorable for rentals, especially in northern Florida, because this area is particularly dynamic . Although Americans have recovered from the economic crisis, they still prefer renting to buying. The value of real estate, however, tends to increase over the years. It is therefore important to choose the right place of investment. For example, it is quite possible to buy a house in Florida, because the unemployment rate is low there. Several French companies are also firmly established there.
Of all the investments, real estate is the most profitable . This fact is all the more true in the United States where taxation favors the investment of funds. Indeed, the unemployment rate is low and foreign investors are welcome. The tax rate is also lower than in France. The American real estate market still has many properties to acquire at affordable prices.
In addition, the value of the most accessible housing is experiencing strong growth. Despite the decrease in the number of constructions, the demand continues to grow. Even more reassuring, the reliability of the country’s economy ensures a population able to pay the charges inherent in renting accommodation.
Real estate investment in Florida is promising due to the expansion of the sector, but also the rise of the American economy . Florida is also a tax haven where the state does not recover taxes. In addition, the wealth tax does not exist there either. The only tax you will have to pay is the “property tax”, which is equivalent to the property tax in France. The estimated value of the construction represents the basis of its calculation.
To know what type of property you should ideally invest your money in, ask yourself what you plan to do with it. If you want to buy a holiday home, the budget is the criterion that will guide your choice. It should be noted that the acquisition of a condominium apartment entails management and maintenance costs which, once accumulated on an annual basis, weigh heavily on your budget.
In order to guarantee the rental of a property, preferably buy a detached house with an area of more than 100 m² with a garden where families can barbecue. If you want to invest in rental, I recommend that you opt for a house ideally located on the outskirts of a big city . Families looking for pleasant and secure areas are attracted by these properties. In addition, they generally settle there for the long term, thus facilitating housing management.
The real estate rental market is particularly booming in Florida.
The conditions of purchase are therefore ideal. In addition, rental demand is continuously increasing while rents are quite high.
In order to benefit from these particularly favorable conditions, I advise you to invest in areas where growth seems particularly sustainable in the medium and long term. The valuation is made taking into account employment, population growth rates as well as the prices of goods in a year. The two most promising cities are Orlando and Miami . Other cities suitable for real estate investments include Tampa, Fort Lauderdale, Sarasota or Jacksonville.
Orlando is a city known for its large tourist flow, but also for its amusement park. It also attracts large-scale companies which come here on the one hand for the tax regime which is more lightened than elsewhere, and on the other hand for the setting and the sweetness of life. Most of the time, newcomers come to find work or join their company, particularly in the context of a transfer. It is strongly recommended to invest in properties located near amenities and schools , as families are often looking for quiet neighborhoods to raise their children.
Miami is a top destination if you want to invest in the rental or resale market. The market there is particularly flourishing, which is why more and more investors are putting their money there and settling there.
The Magic City is a popular city because it is one of the safest in the United States. Taxation is also favorable there, because the wealth tax does not exist.
With regard to real estate acquisitions, the costs are limited to 2% and in the event of resale, you will only have to pay a tax of 15% on the capital gain, and this, after one year of possession of the dwelling. Miami is also a dynamic and young city where tourists and businessmen meet throughout the year in a relaxed and pleasant atmosphere.