Miami Beach, FL is one of the cities in the U.S. with lucrative development opportunities in real estate sector. The city has the potential to grow into a megalopolis. However, the city recorded a slow growth in 2016, especially in real estate development. The 2016 U.S. presidential elections influenced this slowdown. The city gained momentum after the authorities offered investors incentives to develop more properties. Most investors have also developed condominiums in Miami Beach. Furthermore, downtown Miami has the potential to grow based on its location and the type of developments taking place in the area.
Based on angel.co, the demands for penthouses in Miami Beach have increased in the first quarter of 2017. Consumers are also interested in properties built near the ocean. Even though these properties are expensive, most of them have already been sold out before their construction is complete. Construction financing has also influenced the rate of real estate development in Miami Beach. Today, lenders only offer construction loans to clients who have a good history of repaying them quickly.
About Samuel Strauch
Samuel Strauch is an American real estate developer who founded Affinity International Realty. He also serves as the president of the commercial real estate company. Affinity International Realty specializes in developing and acquiring both residential and commercial properties. The company’s mission is to provide clients with affordable housing solutions for sustainability.
Watch his video on youtube.com.
As a developer, Samuel Strauch usually invests in real estate projects in areas with strong economic and demographic growth. He believes that residents of such areas have enough savings to purchase permanent housing. Strauch is also keen on the Latin real estate sector. Samuel Strauch is confident that as Panama goes through economic development, this change will be reflected in its real estate industry. He hopes that the government of Panama will offer foreigners incentives to build commercial and residential properties in the country.