Coral Gables is undoubtedly one of the most beautiful cities in Florida and one of the most beautiful hotspots in Miami.Its architecture, entirely Mediterranean, came straight out of the imagination of the architect Georges Merrick in the 1920s.One of its most famous buildings is the famous "Biltmore" Hotel, which was the home of many celebrities and presidents, such as Al Capone or Franklin D Roosevelt.Located close to the Miami International Airport, the harbour and the city center, Coral Gables has been designed to become an international city. Today, it houses more than 20 consulates, 150 international companies and the famous international university of Miami.Coral Gables is considered as a "garden city" from which you can walk on foot along perfectly hewn gardens and Mediterranean-style buildings.
Miami is one of the regions that was most affected by the real estate crisis of 2007. At that time, some properties had lost more than 50% of their value. However, Miami has remained a very attractive city, where anything is possible. As a result, the housing market has recovered well, even if it has not reached its pre-crisis record levels. The market is now more rental-oriented, which allows investors to continue to make profits.
In addition, the number of cash purchases continues to increase and allow for high capital gains in the early years. It is thanks to this dynamic that the real estate market has been able to consolidate and continue.