The dollar recently reached an all-time high in the Colombian market. Experts claim that the reasons for this currency rise and fall of the Colombian peso are mainly the fear of a global recession, the climate of political uncertainty in Colombia, as well as high inflation. Added to this is an increase in interest rates in the financial system.
Given this highly volatile scenario, investing in dollars is the safest option for the pocket and will be a good option to withstand the depreciation of the peso and not leave money without creating value, so that the US currency serves as a hedge in times of great uncertainty. for personal finance.
For real estate experts like Isbely Glazer of US Prime Realty LLC, the number of Colombians who want to invest in the United States is increasing, because they seek to protect their capital and have interesting returns in dollars, but for this it is important to know: How to do it safely, even if the investor dies? What are the possibilities to invest in real estate that yields a return of 10 to 20%? What are the facilities for a foreign investor?
It is important to understand that the real estate market in the United States is experiencing a very different moment than in Colombia, mainly in Florida due to the high demand for properties, which makes investing in real estate in North America a great business. opportunity, not only for immediate returns, but also because it is very safe, according to Isbely Glazer real estate agent, there has been a greater influx of Colombians who want to invest in Miami and do it safely and always be protected, regardless of the exchange rate, that is that its price does not depend on speculation from the exchange rate, because if the property is bought at market price and with an acceptable yield, it will increase in value in the medium term and become good. contract for the investor. In addition to taking that into account If you buy a property in the United States and the person dies, the investment can be protected by making a will or placing another person in case he dies, the professional explains.
Currently, there are also short-term and long-term rental methods for Colombians and Latinos in the United States, such as Airbnb, which allows for a safe increase in profitability of 15 to 20% in Miami net annually. Many people are buying as an investment to create Airbnb, generate a lot of income and expand this sector at a high speed in the United States, especially in Miami.
It seems that more and more Colombians decide to invest and seek advice to invest in a house in Miami, according to a recent report from the Miami Realtors Association, Colombia registered the highest number of searches for houses and apartments in that American city, which showed the Colombian investors as the main investment force with 15 % of the real estate market is second only to Argentina and Venezuela. Colombians feel more comfortable buying bricks in the United States because they can find a local partner to carry out their investment, offering everything they need during the process, from access to financing and legal and tax structure, to asset management. , either to take advantage of. Airbnb-type or to manage long-term rentals.
With real estate investment, you not only get a high return, but the property is also self-financed. Perks like these are helping Miami real estate income break all-time records. That’s a higher upward curve than any city in the United States. In fact, the assets are achieving an annual increase of around 10%.
“Today we are living in a historic moment for the city and if we add to this that profit on sales has been showing an unprecedented increase, rents are constantly increasing by up to 40%, taxes are low and competitive financing options allow us to take advantage of important investments with minimal capital contributionadds Isbely Glazer of US Prime Realty LLC.
Consideration should also be given to the facilities offered to foreign investors in the real estate market in Miami, where they can access properties from $450,000 dollars; Investors only need 30% upfront to access 70% financing from US banks at a great rate.
According to information from the National Association of Realtors, at the end of 2021, 61% of foreign buyers did so through mortgages, which, although they usually have a higher down payment and higher interest rates, are an option for those who want to invest in the United States.
On the other hand, consider bargain prices in South Florida, compared to other international cities and US metropolitan areas.
The price per square foot in Miami-Fort Lauderdale-West Palm Beach is $3,170, well below at least 30 international cities and more than 13 U.S. metropolitan areas, including markets such as Hong Kong ($28,570), New York City ($17,191), San Francisco -Oakland-Hayward, CA ($8,250), Madrid, Spain ($6,173), Los Angeles-Long Beach-Glendale, CA ($4,740), and Seattle-Tacoma-Bellevue, WA ($4,460), according to the National Association of REALTORS International Residential Transactions Profile , Real Estate 2022.