Why choose South Florida? Nice climate and taxes.
As we know demand gives birth to proposals, and the demand for the attractive Southeast of the USA continues to grow steadily. This demand is due to the increasing internal and external migration flow. It is interesting that the 2008 crisis increased the growth of external migration, while the pandemic increased internal migration.
Thus, in 2022, South Florida ranked first in the U.S. in population growth, adding 1,200 people per day. Demand drives prices for housing costs and rents. What about taxes? Taxes, compared to other states, make South Florida even more attractive. Only federal taxes are paid here, and income and state taxes do not apply to this privileged area.
Therefore, there is a growing interest in the commercial and residential real estate sector in Florida. Investors consider buying real estate as an investment in a stable and profitable income.