Real Estate in the US: the 4 cities most chosen by Argentines to invest

2023-05-10 19:51:56

Argentines continue to look north to make their dreams of investment and protection of your savings. The United States continues to offer a wide variety of options in the field of Real Estate–something for all tastes and needs–, as well as excellent profitability in dollars and the possibility that a property appreciates over time.

Definitely: a safe and reliable bet in an economically stable country with legal certainty and with projection of future appreciation.

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However, the big question that arises for those who are deciding to venture into the world of the North American real estate market is in which city to bet. This doubt can generate confusion, sincee there are several places that are highly attractive. Some are more popular or better known among Argentines.

The 4 cities most chosen by Argentines to invest in Real Estate in the USA

1) Miami

It was always one of the favorite cities of Argentines to invest in brick. Its characteristics as a whole are extremely attractive: Latino culture, beaches, good weather, tax benefits, and an attractive market for investment in rental properties.

It is a strong city in several aspects, which increases its charm. For example, the unemployment rate in January 2023 was 2.3, compared with 3.4 the same month a year earlier, which is lower than the 3.9 rate in the United States, according to the Bureau of Labor Statistics.

According to the Florida Department of Economic Opportunity, the Miami area gained the second-highest number of private sector jobs for the year in December 2022, 5.8 percent more with an increase of 62,900 jobs. The Miami area labor force increased by 23,648 over the year, an increase of 1.8 percent.

Florida’s population increased to 22.2 million in 2022holding as the third largest state in the nation behind California and Texas.

2) New York

It is the most populated city in the United States, and another of the favorites of Argentines to invest and visit.. It is the center of the New York metropolitan area, the largest in the world by urban area.

Home appreciation rates in New York have remained above average for the past ten years, according to Neighborhood Scout data. LThe accumulated appreciation rate over the ten years has been 79.16%, which places it in the top 50% nationally.

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In addition, the New York metropolitan area is home to the headquarters of more than 50 Fortune 500 companies (more than any other global city), including American Express, Citigroup, JPMorgan, Pfizer, Thomson Reuters, Time Warner, and Verizon Communications.

However, This city attracts Argentine investors not only for its good economic position, but also for its cosmopolitan character, its architecture, plays, cultural offer, parks, and its great personality. In addition, the state of New York offers other equally attractive cities to invest in, which are beginning to gain prominence due to their more affordable prices.

3) Atlanta

Atlanta, in the State of Georgia–which has also become one of the most attractive states to invest–has built its reputation in recent years as an investment destination in the real estate sector.

This city has the busiest airport in the United States: Hartsfield Jackson Atlanta International Airport, through which 93.7 million passengers passed in 2022. Also, Atlanta’s 14% population growth over the past decade and strong employment are indicators of a strong real estate investment market.

Also, during a nationwide hiring spree for technology jobs last year, Atlanta ranks among the top 10 markets for the most technology jobs added, according to data from IT trade association CompTIA. About 44,500 tech jobs were posted in the Atlanta market last year. That puts Atlanta almost on par with Seattle, the home of Amazon and Microsoft, both of which are now expanding here.

4) Kissimmee

This city has gained prominence over the years, mainly due to its proximity to the Disney and Universal Studios theme parks–among other parks and other attractions–, its good climate, its low cost of living, and its wide range of properties for short and long-term rentals.

Kissimmee se joined its neighbor Orlando as the favorite investment destination in Florida, competing strongly with Miami, especially with even higher investment returns, and maintaining the possibility of opting for the business-vacation hybrid that Miami has always boasted of.

Argentines choose their favorite States and cities to invest for different reasons: the profitability, the attractions they offer, having visited them, the possibility of vacationing and making use of the property and its economic strength.

Thus, Florida, Georgia or New York, among other states of the Nation and cities like Miami, Orlando, Atlanta or Kissimmee They have all these characteristics, and are positioned as top destinations to invest in real estate in the coveted market of the United States.

* Specialist in real estate developments with operations in the United States

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