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Lavish Florida retreats were a popular escape for rich New Yorkers riding out the Covid-19 lockdown. Now, many are rushing to make things more permanent even while the virus surges in the Sunshine State. Reported Bloomberg.
Sellers in places like Miami and Palm Beach are getting flooded with offers, and the supply of available properties is plunging. Florida’s favorable tax laws have long been a draw for high-net-worth individuals, but the pandemic’s disruptions — to work, school, public safety and northern states’ budgets — have increased the allure, pushing many of the wealthiest to finally make good on aspirations to relocate.
About AMG Realty
AMG Realty is a global full service brokerage firm in South Florida. If you are interested in buying or renting Miami Real Estate, please give us a call: +1 (305) 318 6968 (Heloisa Arazi).
