Author: Alison Schopper

Florida: #1 Domestic Tourist Destination in 2023

Florida has always been a leading destination for sun-seeking travelers: Magnificent beaches, vibrant culture… In 2023, the Sunny State has consolidated its status as the leading national tourist destination with 129 million visitors. This remarkable achievement places Florida at the top of U.S. travel destinations, surpassing all other states.

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The Numbers Speak for Themselves

Florida's tourism industry has shown resilience and strong adaptability. Florida has bounced back stronger than ever after the pandemic. The impressive number of visitors in 2023 underlines the attractiveness of Florida and the effectiveness of its tourism strategies. This influx of tourists is not just a testament to Florida's attractions. It helps boost its economy, creating jobs and supporting local businesses.

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Why Florida?

1. Diverse Attractions

  • Beaches and Natural Beauty: From the shores of Miami Beach to the tranquil beauty of the Florida Keys, the state offers a myriad of coastal experiences. Nature enthusiasts can explore the Everglades, while adventurers can enjoy the springs and forests scattered throughout the state.
  • Theme Parks: Florida is home to world-famous theme parks. Walt Disney World, Universal Studios and Busch Gardens. These parks attract families and thrill-seekers from all over the country, providing unforgettable experiences.
  • Cultural and Historical Sites: Florida's rich history is revealed in places like St. Augustine, the oldest city in the United States. And also in cultural hubs like Miami, with its vibrant arts scene and multicultural festivals.

2. Ideal Climate

  • Florida's warm, sunny climate is a major draw for tourists. Particularly those from colder regions looking to escape harsh winters.

3. Accessibility

  • With numerous international airports and a well-developed transportation infrastructure, getting to and around Florida is convenient for travelers.

4. Events and Festivals

  • Florida hosts a huge range of events throughout the year, from the Miami Art Basel to the Daytona 500, there's always something exciting to do!

Economic impact

Tourism is a pillar of Florida's economy. The influx of 129 million visitors in 2023 has had a profound impact:

  • Job creation : The tourism industry supports a large number of jobs in hospitality, retail, transportation and entertainment.
  • Revenue Generation: Increased tourism contributes significantly to state and local revenue through taxes and spending on lodging, dining and attractions.
  • Boom Real Estate: The appeal of the Florida lifestyle also translates into a robust real estate market, with many tourists deciding to invest in vacation or permanent homes.

Florida's success as a #1 domestic tourism destination in 2023 is a testament to its diverse offerings and continued appeal. As the state continues to innovate and evolve, it is poised to remain a leading choice for travelers seeking a blend of adventure, relaxation and cultural enrichment.

Whether you're a first-time visitor or a seasoned traveler, Florida promises an unparalleled experience. So, pack your bags and find out why millions of people have chosen the Sunshine State as their ultimate vacation destination.

Why buy an apartment in Brickell?

If you want to settle down in Miami, it can be difficult to know which neighborhoods to choose. Indeed, many places could appeal to you. Among them, we can cite Brickell which stands out for its dynamism and its numerous advantages. With its modern skyscrapers and stunning views of Biscayne Bay, Brickell is one of Miami's most desirable neighborhoods. If you are looking for an apartment in Miami, don't miss out. Discover four reasons to buy an apartment in Brickell now.

Strategic positioning and excellent transport network

The geographical location of Brickell is a major asset. Close to central Miami, this neighborhood offers easy access to major business areas, beaches and the Miami International Airport. Brickell is served by a well-developed public transportation network. It includes metro lines, buses and the free Metromover, making local travel easy. Additionally, its proximity to major highways makes it easy to travel throughout the Miami area.

A modern and lively living environment

Brickell is renowned for its exceptional and modern living environment. This neighborhood is often compared to Manhattan for its urban and sophisticated atmosphere. The skyscrapers house apartments with spectacular ocean and city views. It's a real place to live, nestled between Miami Beach and Downtown. Brickell combines urban dynamism and refined comfort. In addition to being home to headquarters of major multinationals, prestigious banks and renowned law firms, Brickell offers a unique neighborhood experience in the tropics.

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A lively and culturally diverse neighborhood

Brickell is a vibrant and culturally rich neighborhood. This district is famous for its many cultural events. Mary Brickell Village and Brickell City Center are the heart of the neighborhood's commercial and social life. They are home to luxury boutiques, restaurants and lively cafes. Residents of Brickell can also enjoy the vibrant nightlife with numerous bars and clubs offering a unique entertainment experience.

A prestigious real estate market in constant evolution

The Brickell real estate market is booming and attracting buyers from all over the world. In 2024, the median sale price for an apartment in Brickell reaches $850,000, illustrating sustained demand for this modern and dynamic neighborhood. Buying an apartment in Brickell is a safe investment. Additionally, the diversity of properties, from luxury bay view apartments to exclusive penthouses, offers plenty of options to suit everyone's tastes and needs.

Conclusion

Brickell is a unique neighborhood offering an exceptional living environment. Its urban atmosphere, its breathtaking views and its strategic location make it particularly attractive. Whether you're looking for a sophisticated environment, a vibrant community, or a profitable investment opportunity, Brickell has it all. Consider investing in this iconic Miami neighborhood and discover the benefits of living in Brickell. Do not hesitate and take the opportunity to buy an apartment in Brickell and reside in one of the most sought-after areas of Miami

Contact us today at BARNES Miami to find your future home.

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Why Buy a Home in Coral Gables?

If you're considering living in Miami, there are several neighborhoods worth your attention. Among them, Coral Gables stands out for its timeless elegance and multiple advantages. With its picturesque landscapes and Mediterranean architecture, Coral Gables is one of the most desirable neighborhoods in Miami. If you're looking for a home in Miami, don't miss out. Let’s explore four reasons to buy a home in Coral Gables.

A stable and attractive real estate market

The Coral Gables real estate market is known for its stability and continued appeal. In 2024, the median sales price reaches $1,500,000. This illustrates a sustained demand for this prestigious district. Coral Gables attracts local and international buyers. So, buying a home in Coral Gables is a safe investment. Additionally, the diversity of properties, ranging from charming historic homes to luxurious modern residences, offers numerous options to suit everyone's tastes and needs.

An exceptional living environment

Coral Gables is known for its exceptional living environment. It offers a perfect balance between urbanity and nature. Its wide tree-lined avenues, well-kept parks and picturesque canals create a peaceful atmosphere. Among the major attractions is the Fairchild Tropical Botanic Garden. This magnificent botanical garden is a treasure. The one-of-a-kind historic Venetian Pool also adds to the charm of Coral Gables. Residents also benefit from excellent schools, both public and private. This makes Coral Gables a great place for families.

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A strategic location

Coral Gables’ geographic location is another major asset. Close to central Miami, this neighborhood offers easy access to major business areas, beaches and the Miami International Airport. Coral Gables is served by a well-developed public transportation system. It includes free buses and trolleys that make local travel easy. Additionally, its proximity to the University of Miami makes it an attractive choice for students and scholars.

A neighborhood rich in culture and activities

Coral Gables is a vibrant and culturally rich neighborhood. The city is famous for its many cultural events, art galleries and theaters. The Miracle Mile, an iconic street in Coral Gables, is the heart of the neighborhood's commercial and social life. It is home to luxury boutiques, gourmet restaurants and lively cafes. Golf enthusiasts will also enjoy the many quality golf courses, such as the famous Biltmore Golf Course.

Conclusion

Coral Gables is a unique neighborhood offering an exceptional living environment. Its historical charm, its green spaces and its strategic location make it particularly attractive. Whether you're looking for a peaceful environment, a vibrant community, or a profitable investment opportunity, Coral Gables has it all. Consider investing in this iconic Miami neighborhood and discover the benefits of living in Coral Gables. Don't miss the opportunity to purchase a home in Coral Gables and live in one of Miami's most desirable neighborhoods.

Contact us today at BARNES Miami to find your future home.

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Why buy a house in Coconut Grove?

If you are considering live in Miami, several neighborhoods deserve your attention. Among them, Coconut Grove stands out for its unique charm and multiple advantages. With its diverse community and easy access to amenities, Coconut Grove is one of Miami's most desirable neighborhoods. If you are looking for a House in Miami, don't miss out. Let's discover three reasons to buy a house in Coconut Grove.

A booming real estate market

The Coconut Grove real estate market is growing rapidly thanks to its diverse community, attracting people from all over the world. In 2024, the median sales price reaches $2,144,340 and has been increasing sharply since January.

In addition, Coconut Grove offers many restaurants, shops and activities with the advantage of being a neighborhood where it is not easy to get around on foot. Coconut Grove also has the best private schools in Miami.

Coconut grove view
Coconut grove transport
Coconut grove park

Easy access to the rest of the city

The best part about buying a home in Coconut Grove is the ease of access to other areas of Miami. Once settled in your home, you can easily explore the city thanks to the numerous bus and metro lines. Coconut Grove is served by several metro stations that connect you to the entire city. You can also use Miami's rail network, which allows you to reach different parts of the city. If you need to travel to Downtown, South Beach, or even as far as Fort Lauderdale, public transportation options are plentiful. Coconut Grove is also close to Miami International Airport, making domestic and international travel easy.

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A vibrant and cultural neighborhood

Coconut Grove is in the heart of a vibrant and culturally rich community. Here you will find community events, arts festivals and local farmers' markets. The streets of Coconut Grove are lined with trendy cafes, art galleries and independent boutiques which add to the unique charm of this very secure neighborhood with a European atmosphere.

Living in Coconut Grove is an immersion in an environment where culture and lifestyle blend harmoniously. Green spaces, like Peacock Park and Kennedy Park, provide places to relax and enjoy nature in the heart of the city. Furthermore, outdoor musical performances add more attractiveness to the neighborhood. This non-exhaustive list demonstrates the popularity of Coconut Grove.

Coconut Grove restaurant

Conclusion

Coconut Grove is a unique neighborhood offering an exceptional living environment. Its mix of historical charm, nature and modernity makes it attractive. Whether you are looking for a peaceful environment, a vibrant community or a profitable investment opportunity, Coconut Grove has it all.

Consider investing in this iconic Miami neighborhood and discover the benefits of living in Coconut Grove. Don't miss the opportunity to live in one of Miami's most desirable neighborhoods. 

Contact us today at BARNES Miami to find your future home. 

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Conference “Investing in Dubai from Miami”

Dubai: Voted best destination to invest in 2024

The restaurant “Le Basilic Miami Beach” recently hosted a conference organized by BARNES Miami, focusing on investment opportunities in Dubai in 2024. This conference was hosted by the Barnes Dubai team who traveled for the event . The opportunity for local investors to discover the real estate market in Dubai in 2024 and to benefit from opinions from professionals in the sector for their future projects. Dubai is a booming destination for international investments.

This presentation covered various fundamental topics regarding real estate investing. From tax benefits, to growth opportunities, to the long-term prospects of the Dubai real estate market…

Why invest in Dubai?

Investing in Dubai has many advantages. The city offers impressive annual real estate market growth, reaching 8% in 2023. Rental yields can reach up to 7%, providing attractive income opportunities. Dubai also benefits from a advantageous taxation, with an absence of tax on income and real estate capital gains. Political and economic stability, world-class infrastructure, and a high quality of life make Dubai a popular destination for international investors.

This conference also provided participants with a practical overview of the purchasing procedures and legal considerations associated with real estate investment in Dubai. Investors were thus able to obtain valuable advice on how to invest in this market.

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A place to meet and exchange

As usual, Barnes invites his guests over a cocktail to discuss various subjects and potential real estate projects. It is in this friendly atmosphere that investors shared their experiences and perspectives, thus strengthening their perception towards investment opportunities.

BARNES MAGAZINE N°35: Prestige and Creativity

Luxury Watchmaking: François-Paul Journe

In this issue of Barnes Magazine, we highlight François-Paul Journe, an emblematic figure of contemporary independent watchmaking. He defines himself as “the smallest of the great and the greatest of the small”. He shares with us his exceptional journey and his unwavering passion for watches and their precision mechanisms.

Celebrating Women in Arts and Crafts

For this issue 35 of Barnes magazine, we have also chosen to celebrate women in arts and crafts. From jewelry to perfume, including fashion, design and architecture, we present creative talents to you, without forgetting our traditional world tour of the most beautiful properties for sale and rent.

Real Estate Trends in Miami with Enzo Rosani

Don't miss our exclusive interview with Enzo Rosani, broker at Barnes Miami, in issue 35 of Barnes, on page 66. He reveals to us the latest trends of the city's real estate market. Next, discover some of the most prestigious residences currently available in Miami.

(Available only in the American version of the magazine, to be published soon)

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Miami Boat Show : World's largest Boat & Yacht Show

Finally, on the occasion of the Miami Boat Show which was held last February, BARNES Miami and BARNES Yachting welcomed their clients aboard the prestigious Victorious, an 85 meter long masterpiece of the seas. This unique event brought together a clientele looking for investment opportunities and dream properties.

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Maison Barnes: Luxury and French gastronomy in the heart of New York

The inauguration ceremony of Maison BARNES in New York was a unique event. Prestigious guests, passionate about gastronomy, as well as influential figures from the cultural scene were present. This new destination is steeped in French heritage, a world of sophistication and culinary delights which opened its doors on May 1, 2024

French gastronomy

It is important to highlight the culture and creativity present in this place. The guests had the privilege of discovering the culinary wonders of Chef Daniel Boulud. The chef's reputation is well established in the world of gastronomy. Each dish served was a tribute to traditional French gastronomy which it enhanced with a touch of innovation while respecting the rhythm of the seasons.

Unique rooms

The guests also had the opportunity to explore the interiors of Maison BARNES. Each piece is designed to highlight a specific ambiance. From gastronomic to bistronomic, each piece aims to recall the universe it represents. These are the pieces that recall the soul of Maison BARNES. But they also recall the prestigious side of 20th century Parisian life. Indeed, private rooms, bar and lounge are present within the house. The murals are made by hand. Each detail of the decoration aims to recall the glory days of the French art of living as well as its craftsmanship.

Maison Barnes a unique place

The inauguration of Maison BARNES in New York symbolizes much more than a simple gastronomic event, it marks the establishment of an emblematic place, where culinary refinement is highlighted. This space promises to become an essential place for lovers of French gastronomy, offering an experience where the pleasure of the senses and aesthetic and historical appreciation come together.

Maison BARNES embodies the very essence of French elegance in New York. This place offers a refined and memorable dining experience. It succeeds in highlighting the gastronomic expertise of Chef Daniel Boulud while allowing us to explore the universe that inspires him.

Join the world of BARNES and let us guide you in the development of your project.

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Miami Grand Prix: New jewels in car racing

In just a few days, the streets of Miami will vibrate with the sound of engines and the shouts of the crowds. This is the third consecutive year that the city has hosted the Formula 1 Grand Prix. This event aims to celebrate the speed, talent and innovation of motor racing. It promises to bring new doses of excitement to the global F1 scene as well as to the city of Miami.

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Tradition and modernity

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The Miami Grand Prix embodies the perfect blend of tradition and modernity. 

The drivers will compete on a brand new circuit created in the parking lots adjacent to the hard rock stadium. It is on this circuit that you will be able to observe drivers such as Max Verstappen or Charles Leclerc. The drivers will engage in a fierce battle in the timeless spirit of F1 racing over 3 days.

A unique show at the Miami Grand Prix

In addition to being a competition reserved for the best drivers, it is also an event for the public and the city. Thousands of enthusiasts and celebrities from around the world will be present in Miami for the occasion. You will be able to observe entertainment on the side of the track, concerts with a festive atmosphere during the 3 days of grand prix. 

The economic impact of the Miami grand prix

Beyond the excitement of the race itself, the event promises to have a strong impact on the city's economy. The race attracts people from all over the world and will help stimulate local businesses. This is an opportunity to highlight the cultural diversity of Miami. 

“Visitor spending in the Greater Miami region during race week reached more than $195 million and total attendance increased by nearly 15% in 2023, highlighting Miami's place on the calendar as a race destination. »

The Miami Grands Prix brought in nearly $800 million to the region between 2022 and 2023

This 2024 edition is a new opportunity for the tourism, hotel and catering sectors as well as retail businesses to benefit from the spending of these visitors who have a positive impact on the development of the city's economic ecosystem. 

This is an opportunity to demonstrate the attractions of the magnificent city of Miami to visitors who in the future may become residents potential.

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While the countdown has already started, the city continues to prepare in order to best welcome spectators this weekend. Whether you are an enthusiast or a novice, the Miami Grand Prix promises to provide an unforgettable experience for all those lucky enough to attend. Prepare to experience a magical moment and for the city to live to the rhythm of the competition during these 3 days of spectacle. 

Real estate fever in Miami, an article commented by Enzo Rosani for Les Echos

Billionaires' paradise. Miami is seeing an influx of tech executives and hedge fund managers, attracted by an ultra-light tax policy. Real estate and luxury goods are soaring, driven by post-pandemic fever.

In the “Magic City” with 2.7 million inhabitants, the eye may focus on the skyline, but everything seems to take place under the open sky. Business is rising faster than sea levels, which rightly worries residents near the shore. In thirty years, he has gained 7 centimeters; it could rise 86 centimeters over the next 50 years. Despite this horizon of vulnerability linked to climate change, Miami, built on a swamp, is building relentlessly.

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HOW MANY SQUARE METERS, FOR 1 OR 10 MILLION DOLLARS?

According to Enzo Rosani, director of Barnes Miami, a budget of $1M allows you to afford a house to restore of 100 m2 in Miami Beach, a house of 120 m2 in Miami Mainland. Or a 30 m2 apartment in Coconut Grove, a residential area with tropical greenery. Real estate is soaring. For this amount, you can aim for an apartment of 90 m2 in Key Biscayne or more than 100 m2 in Edgewater. The latter is becoming very popular for its views of the bay.

We can also consider "a 150 m2 house" in Little Havana, but offers are rare in this typical residential area. What if we have $10 million? The expert highlights “a house on the water or a plush apartment of several hundred square meters in Miami Beach, in the popular South of Fifth district”. Such a budget makes it possible to qualify for an apartment in a chic “condo” or a house in Key Biscayne.

REAL ESTATE, MORE AFFORDABLE THAN IN NEW YORK?

In its “Global Property Handbook” report, Barnes reports that in 2023, “Miami is the only major American city to have experienced an increase (0.9%) in the prices of luxury homes”. San Francisco and New York respectively recorded a drop in prices, in the same category, of 9.71TP3Q and 41TP3Q. The financial barons rushed forward to settle in Palm Beach (100 km from Miami). But also in the chic and green neighborhoods of Coral Gables or Coconut Grove. Founded in 1825 by a colony of American and European industrialists, these neighborhoods have good schools and the best universities. Houses priced at $7 million are coveted there, the supply is becoming scarce. In Brickell, these are the “young professionals” in finance, tech and cryptos. They are driving up the prices of more accessible real estate there.

Among American buyers, there are many more entrepreneurs and financiers, but also investors who want to buy to rent. We are far from a ceiling because “although Miami has experienced a real estate boom, the price per square meter there is still much cheaper than in New York or Los Angeles.

Enzo Rosani, Director of Barnes Miami
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An article written by Virginie JACOBERGER-LAVOUE | Journalist, Les Echos

The digitalization of real estate: how to reinvent yourself?

According to a study by Dell and the Institute for the Future, 85% of the professions of 2030 do not yet exist. Digitalization has been developing for several years and the world of real estate is no exception. It is one of the sectors most affected by this digitalization.

Indeed, new innovations are disrupting usual practices in the sector, the digitalization of real estate is paving the way for a new era, where traditional processes are rethought and optimized thanks to technology.  

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#1- Artificial intelligence (AI) and data analysis:

Digitalization has revolutionized the way real estate agents identify market trends and evaluate properties. This standard has enabled the emergence of AI and data analytics. AI algorithms have the ability to analyze large data sets to predict price fluctuations, which neighborhood to invest in or even recommend properties based on customer criteria. In addition to these innovations, the Chatbot which is powered by AI allows for instant response to customer questions and simplifies research and communication. 

#2- Blockchain in real estate:

Blockchain technology is revolutionizing real estate transactions by making processes more transparent, secure and efficient. Blockchain platforms allow transactions to be recorded and verified in a decentralized manner. This reduces the risk of fraud and human errors. Additionally, blockchain facilitates the tokenization of real estate assets. This action allows investors to divide their properties into smaller shares. It therefore makes real estate investment accessible to a greater number of people. 

Our broker Enzo Rosani carried out one of the first cryptocurrency sales from Miami.

#3- Virtual reality (VR) and augmented reality (AR):

VR and AR are transforming the way buyers experience real estate properties. The virtual tours allow buyers to browse homes and apartments without having to physically travel, these new features allow for an immersive and realistic experience. Real estate agents can also use VR to create interactive 3D models of certain properties, making it easier to visualize spaces and helping clients envision their future homes.

The digitalization of real estate ushers in an era of transformation, where virtual reality, artificial intelligence and blockchain are redefining industry standards. These innovations provide more immersive experiences for buyers, advanced analysis tools for professionals and increased security in transactions. Thus, by adapting to these new technologies, real estate is reinventing itself to meet the needs of a constantly evolving world.

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