Miami named one of the 50 World's Greatest Places of 2022 by the TIME

The city of Miami was voted one of the 50 extraordinary destinations to explore by the famous TIME magazine.

According to ESPN, “Miami is becoming America's wellness and leisure capital. The inaugural Miami Grand Prix in May drew a spectacular cross section of VIPs and celebrities to witness Formula One stateside, making the city feel, according to ESPN, like ‘the center of the sporting universe.

Time also mentions the recent avalanche of hotel openings and new restaurants in the city, including the playful Moxy Miami South Beach, the dual-­branded AC Hotel by Marriott and Element by Westin in Brickell (the two share a fitness center and a rooftop pool), and the Art Deco Gabriel South Beach, Curio Collection by Hilton, which is powered exclusively by renewable energy.

Miami joins Portland, Park City, San Francisco and Detroit as the only five cities in the United States to be rated World’s Greatest.

TIME says it compiled the list by soliciting, “nominations of places from our international network of correspondents and contributors, with an eye toward those offering new and exciting experiences.”

Why is now the best time to invest in real estate in Miami?

The market was exceptional for investors in 2021, but is the Florida housing market still a smart investment for 2022? Based on the most recent reports from Florida Realtors, the answer is a "Yes!" »

Miami-Dade County real estate ended its historic 2021 with a myriad of year-end records, including a record for the most home sales of all time and the highest dollar sales volume.

Miami's bubbling real estate market, fueled by domestic and international home buyers, ended 2021 with 39,394 home sales, up 49.5 TP2T from 26,345 transactions in 2020. Volume Miami dollar sales reached $30.3 billion in 2021, an annual increase of 103.4 %.


Miami-Dade County home values have increased by 24.5 TP2T over the past year and will continue to rise over the next twelve months due to the imbalance between supply and demand.

In April 2022, real estate in Miami set a new record by reaching the 7th highest monthly home sales in history. Miami-Dade County saw 3,445 home sales, with a local economic impact of more than $311 million. Miami's total sales volume was $2.8 billion in April 2022.

Home values in the Miami-Fort Lauderdale-West Palm Beach area have increased by 28.1 TP2T over the past year. Zillow forecasts a next increase of 16.8 % by April 2023.

What are the advantages of investing in the Miami real estate market?

  • City ranked #12 in the United States for real estate investment in 2019 (PwC).
  • High quality investments at an affordable price
  • High rental incomed
  • Steady real estate appreciation
  • Currently in the national top 10% for real estate appreciation
  • More than 70% of the tenant population
  • Low property taxes
  • No income tax
  • Great Airbnb Rental Opportunities Thanks to Massive Tourism Market

Investing in real estate in Miami will bring you good returns in the long run, as house prices in Miami tend to increase year on year.

Economic Development and Job Growth in Miami

Many people move to Miami for work. Miami is Florida's largest urban economy and has the 12th largest GDP in the United States. The World Cities Study Group has ranked Miami as an alpha city based on level of business activity, human capital, and cultural activity. Miami's unemployment rate hovers around 4 % (before COVID-19); it is currently in line with the national average but often below it.

Miami's massive rental market

2/3 of Miami residents are renters, a rental rate rivaling that of New York. This is partly due to the number of people working in seasonal and temporary jobs in the tourism sector and the low supply of housing relative to demand. A significant asset for investors, allowing them to buy single-family homes to be divided into several units, which can be rented individually.

The latest key figures for the rental market in Miami

As of June 9, 2022, the average rent for a one-bedroom apartment in Miami, Florida was $2,250. This is an increase of 32 TP2T over the previous year. The average rent for a 1-bedroom apartment is $2,250, that of a 2-bedroom apartment is $2,900, while the average rent for a 3-bedroom is $3,675.

Miami is a buyer's market and investors should capitalize on this advantage while it is still there.

Looking for a property in Miami?

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Living in the Venetian Islands (Miami Beach)

The history of the Venetian Islands

Located between South Beach and downtown Miami, the Venetian Islands represent a set of six exclusive islands that straddle Biscayne Bay: Biscayne Island, San Marco Island, San Marino Island, Di Lido Island, Rivo Alto Island and Belle Isle.

The history of the Venetian Islands dates back to the year 1913. The original plan for the Venetian Islands was to be a much larger project than it is today, with four islands and two additional roads to be connected. Unfortunately, the Miami Hurricane of 1926 and the end of the Florida land boom of the 1920s interrupted this grand construction project.

Today, the Venetian Islands are home to luxury condominiums, rental complexes, and a beautiful city park where residents can stroll and spend time with their children in multiple parks and green spaces. The islands are connected by a series of bridges: the Venetian Causeway. The causeway and the edges of the islands are famous for sightseeing, sunset walks, jogging, rollerblading, and other outdoor activities.

Lifestyle and culture

Homeowners residing on the Venetian Islands as well as visitors can easily access downtown's fashionable shops and nightlife via the Causeway. Residents therefore live between two worlds, between a tropical paradise offering an island lifestyle, idyllic and relaxing sheltered from the hustle and bustle of city life, and a direct connection to the city center, where the majority of activities and areas of attractions are located.

Over the years, residents have transformed the Venetian Causeway into a sort of neighborhood promenade. It has become very popular for residents to bike, walk, jog and walk their pets, or stop for a while and enjoy the sunset. The Venetian Islands are synonymous with luxury, relaxation, and a restful life with very little stress.

Living on these islands allows residents to enjoy a peaceful tropical enclave in the heart of one of the most exciting and exciting cities in the United States. It's no surprise, then, that these islands are home to some of the most sought-after real estate in the Miami area.

Activities and attractions of the Venetian Islands

Between the hectic activities on the islands, and those nearby by taking the Causeway, the Venetian Islands offer an unparalleled diversity of experiences. Among the many activities available and nearby, it is highly recommended to visit the Standard Hotel for an incredible spa experience or a pool scene overlooking the bay. For a family outing, head to Park West where you'll find the Perez Art Museum and the Frost Science Museum. For unforgettable dining experiences, dine at Sunset Harbor's various restaurants, including Sushi Garage, NaiYara, Icebox Café or La Moderna. If you're into outdoor experiences, bike, run or walk along the Venetian Causeway, and take time to get your exercise in Sunset Harbor at Green Monkey Yoga.

The Venetian Islands Real Estate Market

The islands are purely residential and do not have their own infrastructures, such as schools, banks, or supermarkets. However, they are located within minutes of Miami's vibrant and central neighborhoods, such as Downtown and South Beach.

There are approximately 38,488 residents in the Venetian Islands. The houses or apartments for sale are at the high end of luxury real estate, given the unparalleled quality of life that the islands offer. This area is, of course, a great place to live, but people are also buying properties here for investment purposes. Also, the natural beauty of the Venetian Islands has made it one of the most exquisite and expensive real estate in Miami. Therefore, the islands are also popular with actors and celebrities.

There are many options for apartments to rent or buy, at different budgets. From an architectural point of view, the properties for sale on the Venetian Islands are often astonishing, remarkably constructed and varied. Single-family homes on the Venetian Islands also differ, ranging from huge mansions on large lots to smaller homes on more modest lots. The architecture is eclectic and the housing styles also coexist. 1930s Mediterranean style bungalows, contemporary architectural works of art, plus many homes include amenities such as swimming pools, tennis courts and private gyms… There's something for everyone. If you like to wake up with your feet in the water and watch the horizon in the distance, there are also many beachfront properties with boat docks and breathtaking views. Luxury condos are available on Biscayne Island and Belle Isle, and many residences offer the most breathtaking views that one can imagine.

Interested in buying or renting a property in Miami Beach Venetian Islands?

Contact one of our BARNES real estate experts in Miami for a list of available properties that meet your specific needs. Our real estate agents who are experts in the real estate market in Miami will carefully select the properties that best suit your needs and your budget.

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Discover the Wynwood district and its real estate market

If you are looking for a property to buy in a dynamic, artistic, and value-oriented neighborhood, the Wynwood area may be just what you are looking for. Indeed, Wynwood is known as the cultural, art, technology, and entertainment center of Miami. Located between Edgewater to the east and Allapattah to the west, Wynwood, once an industrial area, has become one of Miami's most sought-after locations for young creatives and entrepreneurs.

Once known as Little San Juan or El Barrio, this neighborhood is a hotbed of Puerto Rican culture, with many immigrants settling here in the 1950s. This cultural diversity is celebrated today and exists through the many Puerto Rican-owned businesses and restaurants. Wynwood is rich in culture and experience and is visited by thousands of people daily. The neighborhood can be subdivided into arts, technology, and fashion districts.

A neighborhood with artistic touches

Wynwood is considered the Miami's hip art district, and regularly attracts art and culture enthusiasts with its massive galleries, colorful museums and miles of murals. Throughout the year, openings and various events take place there, and in December, when the annual festival Art Basel Miami Beach, crowds fond of art invade the city. Every square centimeter of Wynwood is an ever-evolving work of art. However, the history of the district has not always been like this: in just over a decade, this former industrial center housing warehouses and car workshops is now home to the most fashionable galleries as well as the trendiest bars. from Miami. Stroll through the neighborhoods of Wynwood and find your pieces of art among the 70 galleries. Take an afternoon to appreciate the murals, and discover the room: the Wynwood Walls.

Luxury brands, on the lookout for this creative and innovative movement, have also created their own neighborhood within Wynwood: the Design District. All the big names in fashion, interior design, and jewelry can be found there.

A neighborhood with a futuristic dynamic

A rising arrow in the artistic field, the Wynwood district is also and simultaneously destined to become theMiami startup epicenter. The increase in the number of technology and financial companies setting up offices there, defines this district as Miami's new technology hub and pole. This is what the managing directors of DWNTWN Realty Advisors, Tony Arellano and Devlin Marinoff, say, for example. The company says it has participated in more than $350 million in development investments and sales in Wynwood over the past several years.

The artsy Wynwood district attracts california tech companies for different reasons: the beauty of its colorful murals, its eclectic atmosphere or its unique bar and restaurant concepts. Miami's burgeoning tech sector began taking hold several years ago and is bringing a whole new futuristic dynamic to this trendy neighborhood, already home to the premier coworking space The Lab Miami, as well as the coding bootcamp BrainStation.

rubell museum allapattah

Wynwood Dining and night scene

Between the various exhibitions, discoveries and walks, you will find in Wynwood multitudes of restaurants to amazing foods and creative cuisine like Coyo Taco and Joey's Italian Café. If you want to try Asian fusion dishes in a more sophisticated setting, head to Back Door Monkey. To quench your thirst with a drink, head to Bar Alter, and discover an outdoor bar and the terrace of an award-winning and relaxed American restaurant. For a more exotic atmosphere, head to the KYU Bar for an Asian grill cooked over a wood fire as well as sake and Asian-inspired cocktails.

Invest in Wynwood

Wynwood is a vibrant, charming and up-and-coming neighborhood. Located at the epicenter between Downtown and Midtown, the families and active youths take a close interest in this growing district. It is also a neighborhood of choice for families who want to give their children an artistic education. In fact, school children in the neighborhood benefit from the best teaching program for graphic arts, dance, music and photography.

Wynwood's residential neighborhood is also ideal investors. To acquire a real estate property in the residential area of Wynwoodyou should expect to pay between $400,000 and $800,000 USD, but prices vary considerably depending on the property.

This neighborhood is particularly special because Miami quickly made the development of Wynwood one of its priorities by creating new zoning that allows for both residential and commercial density. With Miami being one of the world's capitals of modern and contemporary art, it is quite possible that Wynwood will become one of the world's leading cities for art exhibitions and markets. Within a few years, the area will be populated with residential, commercial and commercial structures or chic restaurants and thrilling entertainment. Therefore, it is very likely that the demand for space will increase significantly, making it a very promising and interesting real estate investment.

The neighborhood features many recent developments offering urban chic for all budgets. There are therefore homes with more industrial looks and primary colors. Among the goods to buy, you will find many condos, of large family homess, as well as lofts located in former industrial hangars. If you're looking for more traditional condos, it's a good idea to do your research in the nearby Edgewater neighborhood, for example. If the house-incubator side appeals to you, and if you want to live in the urban heart of Wynwood, you will find what you are looking for in the Arts District where new apartments are built every month. It is also possible to find some older, authentic properties in Wynwood, such as single-family ranch-style homes or Mediterranean Revival-style bungalows.

Interested in buying a property in Wynwood?

Contact one of our BARNES real estate experts in Miami for a list of available properties that meet your specific needs. Our real estate agents who are experts in the real estate market in Miami will carefully select the properties that best suit your needs and your budget.

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The 5 Best Neighborhoods for Families in Miami

Are you looking to move to Miami and wondering which neighborhoods would be ideal to educate your child or start a family? Although Miami is a well-known tourist destination, it is also a great place to settle down with your children. Here is our list and selection of the best places to live with your family in Miami.

Coral Gables

Coral Gables is one of the most desirable real estate markets in Miami. It has some of the best private schools like Gulliver and St. Philips, as well as incomparable security systems. Also, you'll find many offers for gated and very private communities, making it a popular place for families. Coral Gables is a predominantly single-family home market, but the interest and supply of townhomes and luxury condos has recently increased.

Coral Gables is one of Miami's suburbs, located 20 minutes from downtown Miami and offers plenty of space. This neighborhood is also home to the University of Miami, therefore older kids can graduate close to their homes. If you're considering buying a home in Miami, Coral Gables is a great place to find larger, more modern properties with excellent resale value. The median purchase price is $696,000 and the median monthly rent is $1,412.

Beyond the multiple assets for the safety and education of your children, this neighborhood is full of activities and opportunities for adults. During the heavy summer days, you'll have the opportunity to take a dip in the pool at The Venetian, or play a round of golf at Granade GoldCourse or Riviera Country Club. Spend time with your kids and discover nature's surprises at the Montgomery Botanical Center. The food and dining options are also diverse and varied.

Key Biscayne

Key Biscayne is known as a tourist spot, but also as one of the most expensive areas in Miami. But this neighborhood is also one of the most incredible places to live for families, especially because of its access to local beaches and outdoor recreation. One of the neighborhood's greatest assets is its proximity to the rest of the city: Key Biscayne is about 15 minutes from downtown Miami, making it easy for parents who work in the city to get back and forth. The median home price is $1,034,800 and the median monthly rent is $2,549.

This neighborhood is picturesque with sunny beaches, luxurious boats, and large single-family homes. This family community is also very safe and active, with many residents making the effort to befriend and support each other. Activities are diverse and varied, and families who reside in Key Biscayne enjoy this place for fishing, biking, kayaking and other outdoor activities. The restaurants and dining experiences are also many, and you can order a 12-inch Margherita, Calabresa or Diavola pizza at Tutto Pizza & Pasta, or head to The Ritz-Carlton for seafood, cocktails, and to enjoy the ocean views.

Coconut Groove

Coconut Grove is by far the most popular neighborhood in Miami for raising children and is one of the safest neighborhoods in Miami, with 24/7 police control. Also, this neighborhood offers some of the best private schools in Miami, with institutes like Carrollton or Ransom. Coconut groove offers an ideal experience for families and children. In fact, there are a lot of kid-friendly parks here, which are ideal for family activities.

Additionally, Coconut Grove is conveniently located with quick access to Coral Gables and Brickell and a 15-minute drive to the airport or beaches.
Therefore, this is a particularly hot and in-demand market, with single-family homes as well as ultra-luxury condos that can accommodate an entire family. The median purchase price of a home is $592,500 and the median monthly rent is $1,401.

The area is one of the best places to buy a home in Miami and one of the safest neighborhoods in Miami, making it an ideal location for families, who also have the opportunity to enjoy the many activities available. Families enjoy Sundays spent shopping for fresh produce at the Saturday Organic Farmers Market, or walking their pets at David T. Kennedy Park. For unforgettable dining experiences, stop by Monty's Raw Bar for fresh seafood and oysters.

Pinecrest

Pinecrest is also one of the hottest neighborhoods because of its excellent school district and its track record of top public schools like Pinecrest Elementary and Gulliver, one of Miami's most sought-after and prestigious schools.

This neighborhood, located in the suburbs of Miami, is a prime destination for families and retirees. There are large homes with beautiful gardens and luxurious pools. The median home price is $840,900 and the median monthly rent is $1,313.

Once you settle in, you'll have the opportunity to wander through Pinecrest Gardens, where you can stroll through botanical gardens and play on playgrounds with your children. Take time to take them to see the latest movie at the Regal UA Falls Theater, and end the weekend with a picnic in Coral Pine Park. If your kids are curious about new culinary experiences, take them to Flanigan's for a taste.

Other neighborhoods and recommendations include Bal Harbour, with its mix of apartments and large single-family homes, and many public open spaces. Aventura, one of Miami's fastest-growing neighborhoods, is also a haven for families and is full of parks, schools, restaurants, and stores.

Kendall

Kendall, located in South Miami, is a suburb with ranch-style homes and bungalows that offers diverse activities for families and top-notch schools like the School for Advanced Studies, William H. Lehman Elementary and Kendale Elementary School. If Kendall feels a bit more removed, it's still easy for working parents to get to downtown Miami via the Metrorail. The purchase price of homes is $312,800 (median purchase price) and $1,331 for a median monthly rent.

On your weekends or in your free time, shop at Dadeland Mall, The Falls and The Palms. Take time to bring your kids and see blockbusters and animated movies at Regal Kendall Village. Families also enjoy spending time at Sky Zone Cutler Bay, or a game of pick-up and drop-off at Kendall Indian Hammocks Park.

You'll find that Kendall is a great destination for shopping, going out, and having fun - indoors and outside - all in a relaxed and welcoming suburban atmosphere.

Looking for a property for your family in Miami?

Contact one of our BARNES real estate experts in Miami for a list of available properties that meet your specific needs. Our real estate agents who are experts in the real estate market in Miami will carefully select the properties that best suit your needs and your budget.

Contact Us

11 Miami restaurants earned Michelin stars 

Miami is now home to many Michelin stars. The most famous international restaurant ranking guide in the world awarded for the first time its coveted stars at restaurants located in Florida, focusing on three cities: Miami, Orlando and Tampa.

The city of Miami alone has 10 one-star and one two-star restaurants, L'atelier de Joel Robuchon, located in the Design District. The French restaurant is now run by chef Alain Verzeroli and his team formed by the famous Joël Robuchon, who has 31 Michelin stars.

“The Miami scene was a real exploration,” said one of the guide's anonymous inspectors. “We knew of prestigious names like Thomas Keller and Joël Robuchon, but while digging we discovered places run by local talents, like Michael Beltran from Ariete and Luciana Giangrandi and Alex Meyer from Boia De, and we were really happy to highlight them. We knew the Miami scene would be interesting, but I have to say that being able to give it 11 stars is an exception. Everyone knows that Miami is a global superstar. And everyone now wants to settle there.

L'atelier de Joel Robuchon

It's no surprise that what is Miami's most serious and almost conscientious expression of fine dining should establish itself as the only restaurant in the entire state of Florida with two Michelin stars. It is, after all, an outpost of the empire named after the late Joël Robuchon, who earned 32 Michelin stars during his lifetime. A culinary team of Robuchon proteges deliver tasting and a la carte menus as jaw-dropping as any in town, in a state-of-the-art, red-on-black space that speaks to the seriousness of the whole thing.
151 NE 41st St., Suite 235, Miami; latelier-miami.com

Le Jardinier

Michelin inspectors called this French restaurant in the Design District "stylish from head to toe", adding that the menu "is a study in vibrant tastes and clever compositions that deliver great flavor without the heaviness".
151 NE 41st St., Suite 135, Miami; lejardinier-miami.com

The Surf Club Restaurant

Thomas Keller, the revered chef of The French Laundry and Vegas is at the helm of this restaurant that has mastered service, presentation, taste and all the categories necessary for a good restaurant. A particular recommendation for the Rockefeller oysters with a martini, the Maine lobster Thermidor accompanied by a wine recommended by the sommelier.
9011 Collins Ave, Surfside; 305-768-9440; surfclub.com

The Den at Sushi Azabu Miami

This hidden room at the Stanton South Beach Hotel is an "intimate sushi temple." Fish flown in a few times a week are minimally processed and dressed, often with a single brush of Nikiri.
161 Ocean Drive, Miami Beach; 786-276-0520; theden.miami.azabugglobal.com

Ariete

Chef Michael Beltran's Coconut Grove restaurant "is immediately inviting, with a menu that blends Cuban and French influences to dazzling effect."
3540 Main Hwy, Coconut Grove; 786-615-3747; arietecoconutgrove.com

Boia De

“Surprising” is certainly an apt descriptor for the distinctive and impressive menu of chefs Luciana Giangrandi and Alex Meyer.
5205 NE Second Avenue, Miami; 305-967-8866; boiaderestaurant.com

Cote Miami

High praise for this Design District restaurant and its owner Simon Kim: The Korean steakhouse “looks almost like a beautifully marbled and aged temple of beef, much of it on display in an adjoining room. New York Coast also has a Michelin star.
3900 NE Second Avenue, Miami; 305-434-4668; cotemiami.com

Elcielo Miami

With locations in Washington, D.C., Bogota and Medellin, this restaurant run by internationally acclaimed Colombian chef Juan Manuel Barrientos offers "a taste of Colombian cuisine" presented in a modern and dramatic way.
31 SE Fifth Street, Miami; 305-874-7867; elcielorestaurant.com

Hiden

Wynwood's chef Shingo Akikuni sticks to tradition, sourcing most of his produce from Japan. "Nice slices of tuna, sweet botan ebi and generous portions of Uni are the highlights of a tasting menu that never feels stuffy or overly minimalist."
313 NW 25th St., Miami; hidenmiami.com

Los Felix

Servers at this Coconut Grove Mexican restaurant are "armed with a wealth of information about where every ingredient comes from." Highlights include "hearty pork cheek carnitas with myriad salsas and snapper crudo topped with jicama shavings and avocado aioli."
3413 Main Highway, Miami; losfelixmiami.com

Stubborn Seed

Chef Jeremy Ford's restaurant is "sexy and sleek with its industrial-chic decor and glass-enclosed kitchen," the notes say, adding that "his ambitious and brashly creative cuisine" is best showcased in the tasting menu.
101 Washington Ave, Miami Beach; 786-899-2726; stubbornseed.com

BARNES Miami & New York Conference "Invest in luxury real estate in USA" | June 2, 2022

BARNES Miami & BARNES New York held an exclusive conference on June 2 at the "Riviera Golf de Barbossi", in the heart of the Bay of Cannes Mandelieu.

The conference aimed to present characteristics, opportunities and trends of the 2022 New York and Miami luxury real estate market. Enzo Rosani, director of BARNES Miami & Yann Rousseau, director of BARNES New York shared their expertise and best advice for a successful real estate investment in the US.

Luxury real estate and the greatest fortunes on the planet

In his report on world-class real estate, Barnes and Warburg studied the behavior and trends of High-Net-Worth Individuals (UHNWI), ultra-wealthy individuals or families who have the capacity to acquire homes on several continents, for both personal and professional purposes.

According to the survey conducted by Wealth-X for the network of high-end international agencies, these UHNWIs, who each have more than $ 30 million, would 212 615 currently in the world of which 10 % hold 5 properties or more. In 2018, the number of UHNWIs will exceed 318 000 and the value of accumulated wealth could reach 46,300 billion in 2020.

The interests of wealthy buyers for prestige property

The report puts forward three engines that guide the real estate choices of these ultra-rich: the share of emotion, the financial aspect and practical reasons. For the emotional side Even if the acquisition is made in order to make a pure investment, the purchaser will appreciate the property as if it were his own residence. He will be even more attentive if he plans to stay there one day "Barnes says. If the affective criteria are personal, the study states " there is often consensus on the criteria of size and volume, the history of the residence, the location and the external environment, the style and design, the quality of the construction and also the view. The architectural identity and reputation of a neighborhood often arouse the interest of wealthy buyers. In practice, the purchase of property for children or grandchildren as part of their studies are particularly preferred.

Passionate and rational criteria

The choice of a prestigious real estate investment by the HNWI is based on passionate criteria, but also rational. The convergence of these two criteria creates a decision cycle that increases the attractiveness of the property and encourages placement in the stone. " Beyond the expectation of performance, our clients want to make an investment that will, in a few years, be worth more than todaySaid Adam Redolfi, one of Barnes' leaders. The ideal property for HNWI must " enjoy a beautiful location, enjoy excellent local services and be unique, whether in terms of benefits or history. All of these criteria must be met because affluent investors do not compromise when looking for a prestigious residence.Adds the report.

The digital revolution

The acquisition of real estate properties responds to a global investment strategy. " Investing internationally in high-end real estate by arbitrating its investments is a basic principle of sound management of its real estate assets. Three main reasons explain this phenomenon: the improvement of the means of transport, notably by air, the technological revolution with the generalization of the digital; the evolution of the world of work, which has become global and without frontiers ". Thibaut de Saint Vincent, President of Barnes is categorical: " the HNWI population no longer limits its investments in its country or on its continent but globalises its sites, shelters its heritage and remains attentive to new opportunities ".

London, city acclaimed

In the ranking of most searched cities by wealthy clients for a real estate investment, London comes first New York, Tokyo, Sydney and Paris. London's first place is justified by its excellent results in most indicators such as cultural wealth, prestigious brands, education, mobility, limited risk investment, the proliferation of companies and the concentration of UHNWI living in the city. The London real estate market remains one of the most expensive in the world, reaching 50 000 € at 60 000 € per square meter for exceptional real estate. However, lower prices in the order of 15 % in 2016, coupled with the depreciation of the pound sterling following Brexit, could however favor foreign investment in London in 2017.

Paris in 5th position

In the report, Paris is appreciated for its luxury brands, its cultural wealth, its air networks and the strong presence of ultra rich. On the other hand, it is less well positioned on the criteria of security and the ease of setting up companies. " A particularly heavy property taxation penalizes it even if Paris benefits from an excellent quality-price ratio with reasonable market values. According to the study, the views of parks and gardens, monuments or the Seine are very popular with the wealthy international clientele. Families are looking for large apartments or mansions close to good schools and green spaces. " Paris is a flagship destination for investors. We are planning a catch-up of Paris on London or New York with a horizon of three to five years"Warns Richard Tzipine, CEO of Barnes.

Cuba, Lisbon and Berlin, destinations of the future

With the end of the embargo, Cuba becomes very attractive. " Investors around the world are flocking to the island with big projects before the Americans can invest heavily there from 2018. For his part, Lisbon is listed with its temperate Mediterranean climate, its numerous air networks and its tax incentive for foreigners who settle there. Portugal attracts the French who are more than three thousand to live there each year. Berlin has great investment opportunities. " The contributionof the technology sector has led to the biggest wave of office development that the German city has ever known. Highlights the investigation. Come next, Taos (USA), Tel Aviv (Israel), The cap (South Africa) and Auckland (New Zealand) among the destinations of tomorrow.

© Article written by Olivier Marin for The Figaro Properties.

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