In the Florida real estate market, cities like Tampa have emerged as promising destinations for Latin American investors, thanks to the growing demand in the multifamily sector and high returns on Class A properties. The presence of Mexican investors has been increasing, with 5% of acquisitions in the state. Miami, in particular, stands out as an investment hub with more than 515,000 Mexican tourists last year.
Diego Bonet, managing partner of LD&D, has emphasized the role of Mexican investors in the development of mixed-use projects in Florida, which combine residential, commercial, and coworking spaces. He also highlights the importance of receiving professional advice to assess risks and make informed decisions in this expanding market.
The pandemic has fueled the interest of Mexican investors in emerging areas of Florida, such as Tampa, St. Petersburg, and West Palm Beach, which offer quality of life, economic stability, and a growing real estate market. According to Bonet, these areas present new investment opportunities and could provide attractive returns.
To maximize opportunities, it is essential to simplify procedures, thoroughly research areas and sectors of interest, and be cautious of promises of exaggerated returns. Mexicans and family offices increasingly stand out as investors in mixed-use projects, accessing returns previously reserved for institutional funds.
Experts recommend thoroughly researching specific areas in Florida to determine which one aligns best with investment goals, whether in residential or commercial sectors. It is also crucial to be cautious with promises of high returns and to seek professional advice to maximize opportunities and assess risk tolerance.
Florida, with its expanding economy and attractive tax advantages, solidifies its position as a strategic destination for Mexican investors seeking to protect their wealth and achieve returns in the real estate market. Donald Trump's victory in the presidential elections has once again highlighted the commercial relationship with Mexico and investment opportunities in the state.
From a quality of life perspective, rental and occupancy growth rates comparable to other prominent cities make Tampa one of the most attractive multifamily markets in the country. Additionally, the combination of a growing economy and a favorable tax structure makes Florida an attractive destination for real estate investment.
Rents in Tampa, St. Petersburg, and West Palm Beach have reached historic prices, with an average rent that attracts investors. The profitability of West Palm Beach has experienced significant growth, making it an attractive option for those looking to diversify their portfolio.
In summary, Florida continues to offer exceptional advantages for Mexican investors, and cities like Tampa, St. Petersburg, and West Palm Beach present attractive options for those seeking profitability, economic stability, and quality of life in the real estate market.