Category Archives: Market Report

New Tax Laws Draw Wall Street To Florida

Florida’s new tax laws are successfully enticing Wall Street hotshots along with their businesses.

As recently published in Bloomberg, the Sunshine State’s relatively low property taxes and no state income tax make South Florida an ideal place to both own property and operate their businesses compared to many other wealthy states.

A record number of people from these other states are already moving to Florida, and founders of private equity firms are moving both their primary residences and businesses here as well.

Most notably, the two founders of I Squared Capital, Sadek Wahba and Adil Rahmathulla, are relocating to Miami from New York, and their private equity firm plans to establish an office in Miami later this year. Additionally, Starwood Capital has also said they will relocate their headquarters from Connecticut to Florida by 2021.

Relocating to Miami is a big win for the investment crowd with promises of warm weather and zero state income taxes. Florida officials are banking on the new law being the final push to rebrand Miami as “Wall Street South” and Palm Beach as “Hedge Fund South.”

If you’re looking to move to Florida to take advantage of the New Tax Law, please reach out! I’d love to help guide you on your next real estate adventure. Please don’t hesitate to reach out for more information.

With more than 16 years of success selling South Florida area real estate, Anna Sherrill is both respected and sought after by clients who trust her ability to maximize their purchase or sale experience. If you’re considering buying or selling an extraordinary residence, contact her today.

 

 

 

Miami Herald Asks Local Influencers “What will Trump’s Presidency Mean for Miami Real Estate?”

The Miami Herald conducted an interesting and thought provoking audit of local influencers in the wake of the Trump Election (here). Their piece sought to assess the reaction of professionals who are active in local real estate, one of South Florida’s biggest industries. The Herald spoke with realtors, developers, economists, bankers, and lawyers about short…Continue Reading

MID YEAR TRENDS REPORT – Single Family Home Data

My firm has culled through all the data fit to print and has released a mid-year review on Miami’s luxury single family home category. The state of the market shows a residential shift noting a transition that allows buyers a greater selection of inventory and at time – increased negotiating power over sellers. The transition…Continue Reading

2016 Trends Report Released

My firm’s 2016 Trends Report has been released. Rich with data, and the finished product dives into the current state of the market in the most desirable South Florida enclaves. The region has matured into a more diversified and vibrant economy. Buyers are finding themselves with more opportunity, but the best-in-class, newer projects still represent…Continue Reading

Sotheby’s International Realty – Dominating Presence in Florida

I’ve kicked off a fresh year of strong sales but it’s also fun to look back and celebrate 2015 milestones with recently released data. Hard numbers show that our strong global Sotheby’s network is equally strong statewide. In 2015 my firm achieved $7.6 Billion in sales for Florida alone. And ONE Sotheby’s is the top…Continue Reading

ONE Sotheby’s Luxury Real Estate Report: Q3 Trends Released

My firm released our Q3 Trends Update for Miami-Dade’s luxury real estate community. Miami-Dade data for select high-end markets demonstrates that overall single family and condo pricing is up over 4% year-over-year between Q3-2014 and Q3-2015. Notably, both the Single Family and Condo market saw a decline in the total number of transactions and the…Continue Reading

Updated: Ultra High Net Worth Buyer Trends

Last month yielded growth statistics regarding real estate purchase trends of the elusive UHNWI (the Ultra High Net Worth Individual) demographic whose asset base is $30M+. Wealth-X & Sotheby’s International Realty, partnered on the UHNW Residential Real Estate Index to update the UHNW Residential Real Estate index which rose to 115.2 in Q2 2015. This…Continue Reading

Market Update: Miami is the 2nd Most Popular Destination for International Visitors

The global appetite for the Miami lifestyle is not slowing down. In fact, in 2014 Miami was the second most popular destination for international visitors in 2014, as reported by the U.S. Department of Commerce. A new record was set as international visits to Miami increased 21%, with traffic second to only NYC (note –…Continue Reading

Just Released: EMEA Wealth-X Report

Sotheby’s International Realty brand and Wealth-X partnered this year for the Europe, Middle East and Africa Luxury Residential Real Estate Report For 2015, the second of four custom reports planned for 2015.  As a member of our prestigious global brand, it’s my honor to be able to connect Miami with highly qualified buyers abroad. The…Continue Reading

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