Why is Florida becoming an attractive place for living and investment?

The geographical location of Florida

The state of Florida is located on the peninsula of the same name, bordered on the west by the Gulf of Mexico and on the east by the Atlantic Ocean. Its southern border is washed by the Florida Straits, while the northern limits are adjacent to two states—Alabama and Georgia. This surrounding of oceans and bays makes Florida unique from both a geographical and a climatic perspective.

This state ranks third in the U.S. by population, only behind California and Texas.

Economic conditions

Florida attracts many people due to its appealing living conditions, ideal climate, and favorable taxes. This state is home to the offices of many large global companies, making it a popular destination for relocation, especially for work purposes.

• The unemployment rate here is at a low level.
• The economic situation fosters a favorable investment climate.
• The real estate market is developing particularly actively.

Miami City

The city of Miami, according to the "Almanac of Architecture and Design," ranks highly among the most stunning urban panoramas in the United States, second only to New York and Chicago. It is located on the Atlantic Ocean coast in the southeastern part of the state, in Miami-Dade County, which is the most populous county in Florida.

By population, Miami ranks second in the state, after Jacksonville, and is the largest city in the southeastern United States. This metropolis is home to numerous international banks and offices of major corporations, both domestic and foreign.

• Miami is a hub for television and the music industry for Spanish-speaking residents.
• The city attracts filmmakers who use its picturesque locations for shooting.

Tallahassee is the capital of the state.

The capital of Florida is Tallahassee, located in the central part of the state. Like most capitals in the U.S., Tallahassee has its main economic sectors: government, education, and healthcare.

The presence of government agencies and appellate courts attracts lawyers and lobbyists. The industry here is underdeveloped, but in the nearby areas, the following sectors are actively developing:

• growing citrus fruits;
• logging.

Tallahassee is also interesting for tourists. Just seven kilometers from the city center is an airport that offers regular flights to major cities like Atlanta, Washington, Dallas, Miami, and Tampa.

In addition, a federal highway runs through Tallahassee, as well as several interstates, which creates quite comfortable conditions for travel.

Conclusions

Thus, Florida, thanks to its amazing geographical location and wide economic opportunities, continues to be an attractive place to live and do business.

Jacksonville is a magnificent city that holds the title of the largest municipality in the state of Florida. It is located on the northeast coast, where the St. Lawrence River flows into the Atlantic Ocean, just 30 kilometers from the bustling city center.

The history of Jacksonville

The city was named after Andrew Jackson, who was the first military governor of Florida and became the seventh president of the United States. In the early 20th century, Jacksonville gained popularity as a film production location due to its mild climate, picturesque natural landscapes, proximity to transportation routes, and affordable labor.

During this period, the city was home to over 30 film studios engaged in the production of silent films, which allowed Jacksonville to earn the title of the "winter capital of the global film industry." However, with the rise of Hollywood, most of the film studios had to relocate to this new center of the film industry.

The modern role of Jacksonville

To this day, Jacksonville has become a significant seaport, and the U.S. Navy continues to strengthen its presence in the region, starting from the World War II era, being a major employer and an important part of the city's economy.

Other major cities in Florida

Tampa, the second largest city in Florida, is located on the west coast of the peninsula and stretches along the bay of the same name. This city is known for the famous Busch Gardens amusement park and one of the largest aquariums in the country, making it a popular vacation spot for tourists.

Orlando ranks fourth in population among cities in Florida and is also considered the largest settlement on the peninsula. For many years, the city has been renowned as the world capital of theme parks, attracting tens of millions of visitors each year with its exciting attractions and major exhibitions.

Attractions in Orlando

• Disney World is the greatest and most captivating entertainment complex in the world.
• Orlando International Airport ranks thirteenth in the U.S. in terms of passenger traffic and twenty-ninth in the world.

Palm Beach Resort

Palm Beach, a popular resort destination, attracts many tourists. The number of its permanent residents is about 10,000 people, but during peak seasons, this number can increase to 30,000.

This is a world-class resort for tourists that is open year-round and offers a variety of top-tier theme parks. Despite the negative impact of the pandemic on the economy, interest in purchasing real estate in this prestigious region is only growing. Over the past year, the population of this area has increased by nearly 330,000 people, making the state the third most populous in the country. Analysts predict that by 2030, the population here could reach 30 million, indicating significant potential for further growth.

Miami: The City of Investments

Miami stands out as one of the most attractive cities for real estate investment in the state of Florida. Since the beginning of the 21st century, there has been a real construction boom here, which can be considered the largest since the 1920s. To date, more than a hundred skyscrapers over 122 meters tall have been planned, and nearly fifty of them have already been built.

Nevertheless, in 2007, the residential real estate market faced a sharp decline, leading to widespread loss of property rights and a significant drop in prices. However, the market later recovered, and by the end of 2014, prices began to exceed their previous highs.

High-Rise Buildings and Migration

As of today, Miami is home to the eight tallest buildings in all of Florida. The increase in skyscraper construction has significantly impacted the migration of residents to the suburbs, particularly in the Downtown, Brickell, and Edgewater areas.

At the beginning of 2021, there was a renewed surge in housing market activity in Miami and South Florida — the reason for this lies in the favorable climate. Winter blizzards and low temperatures in other states led to an outflow of residents who could not adapt to the harsh winter conditions.

• Economic stability of the region
• Low level of COVID-19 incidence
• A multitude of opportunities for remote work
• Lack of income tax

Sales of Non-Recommended Properties

According to data from Miller Samuel, since the beginning of the pandemic, the following has been recorded in Palm Beach County:

• 35 houses worth over 30 million dollars,
• 20 properties priced over 40 million dollars.
• Two households, each valued at over 100 million dollars.

Forecasts from Knight Frank suggest that housing prices in Miami will increase by another 10% in the coming year.

Real Estate Prices in Florida

Today, the average cost of a home in Florida is $380,000, which is 15.2% higher compared to the same period last year. Over a five-year span, this figure has increased by 38%.

A small apartment in Miami can be purchased starting at a price of $230,000, while luxury options in high-end residential complexes can cost buyers several million dollars.

For example, a three-bedroom house with an area of about 100 square meters illustrates the wide range of prices in the real estate market, showing how attractive this area is for both current and future buyers.

Florida: A Place Full of Opportunities

In concluding my review of the generous opportunities and unique features of the state of Florida, I cannot help but highlight how diverse this region is. Florida is not just a place on the map; it is a whole universe where nature, culture, and economy come together. Each city, from sunny Miami to tranquil Tallahassee, offers its own distinctive traits, creating an overall portrait of a state that rightfully takes pride in its diversity.

The appeal of Florida

Florida attracts people from all over the world, not only because of the warmth of the sun and picturesque beaches but also due to its economic advantages and career growth opportunities.Low taxes,dynamic job marketandattractive investment environmentThey create ideal conditions for living and working.

• Giant corporations
• Legislative institutions
• Famous tourist attractions (for example, Disney World and Busch Gardens)

Real Estate Market Growth

In recent years, there has been not only a growing interest in real estate but also changes in lifestyle, as many are choosing Florida as their new home.Coronavirus pandemicIt only intensified this trend, which gave a boost to the active development of the local housing market. People are looking for comfort and safety, and Florida, with its stunning landscapes and friendly atmosphere, provides all the conditions for that.

Conclusion

Looking to the future, I see that Florida will continue to be rich in opportunities and prospects for everyone who decides to settle here. This state is solidifying its position as a place that combines work, leisure, and inspiration. I hope this article has provided you with new knowledge and inspiration to explore Florida. Like many others, I am confident that this region will continue to attract millions of people seeking new horizons.