Esteban Firpo · Miami Real Estate

Why invest in Miami

Liquid USD market with global demand. Favorable tax environment and sustained growth.

Summary

  • +372k

    Net migration to Florida (2022–23)

  • 56M

    MIA passengers 2024

  • 18%

    South FL sales to foreign buyers

  • 0%

    State income tax in Florida

Net in‑migration, diversified economy and tax advantages. Global demand keeps dollar liquidity. Prices normalized after the surge; preconstruction and STR add flexible yields. Risks are mitigated by strong codes and insurance reforms.

  • +372k / +78%

    Net migration to FL / higher income of entrants

  • 0% • 5.5% • ~0.7%

    Income tax • Corporate • Property tax (eff.)

  • 18%

    Share of South FL sales to foreign buyers

  • 56M • 8.2M • Brightline

    MIA passengers • PortMiami cruise • Rail to Orlando

Domestic

≈194k

International

≈178k

Florida net migration 2022–23

Source: U.S. Census; Florida EDR

Prices

Case‑Shiller Miami index (2000=100)

≈4.4×

Case‑Shiller Miami (2000=100) trend
  • Colombia 15%
  • Argentina 14%
  • Brazil 7%
  • Venezuela 6%
  • Others 58%

Source: NAR Florida 2023

New condo pipeline South FL

≈20,600

STR‑friendly projects

Traditional owner‑occupant

Source: ISG World, Q1‑2024

Why is the U.S. unique?

The U.S. offers a predictable legal system, a mature data‑driven market, and unmatched global liquidity.

Legal certainty

Title insurance and standardized contracts

Mature market

80+ years Case‑Shiller; 73/80 positive

Global liquidity

International buyers; USD reserve

See more reasons

Title insurance, standardized contracts and public records reduce uncertainty and speed due diligence.

Case‑Shiller shows long‑run resilience; dollar strength and international demand add exit liquidity.

Sources

  • NAR Florida 2023 — International buyers share
  • ISG World Q1‑2024 — Condo pipeline
  • S&P Case‑Shiller — Miami index (2000=100)
  • MIA & PortMiami — Passenger volumes
  • U.S. Census & Florida EDR — Net migration

Data consolidated 2023–2024.

Ready to explore Miami projects?