Favorable taxation system and low tax obligations: the advantages for the real estate market
Living in Florida is like living in paradise: mild, sunny weather year-round, miles of white beaches where you can relax and recenter (discover the best beaches in Florida), affordable fun for everyone. But in recent years it is also increasingly considered a haven for investing in real estate. This is due to Florida’s particularly advantageous taxation system.
Streamlined and efficient regulatory complex and low taxation: why buying a home in Florida pays off
When you decide to buy a home in Florida it is important to know that state law expressly protects property. This means that property owners are protected by favorable laws, even and especially in the case of rental investments.
Homebuyers are also subject only to Florida state law, which stipulates the payment of property tax equal to approximately 2% of the assessed value of the property.
Finally, no state income taxes are making Florida the ideal choice if you want to generate high returns on investments.
Simplified purchasing practice
A property buyer does not have to meet any special requirements to buy a property in Florida. For instance, it is not necessary to hold a green card to live in the United States, and this makes it easier for those who are not U.S. citizens to purchase homes and residences (discover real estate buying trends by foreign buyers).
Buying a home in Florida is easy, and so is searching for properties for sale: NEO – New Estate Only is the real estate platform that offers the ability to access on a single portal all under construction, pre-construction, and quick move-in properties available in Florida and filter the results according to needs and requirements.
Take advantage of the advanced search on NEO to find your dream home.
A strong and attractive economy
Florida’s economy has been booming for several years. Suffice it to say that in the first three months of 2023, it grew much faster than that of larger states such as California or Texas.
According to an analysis conducted by CNBC, Florida won the gold medal for its economy, one of the strongest in the nation, due to a well-balanced domestic housing market, GDP growth, and an excellent employment rate.
The forecast says that over the next three years, Florida’s economy will continue to expand, with a real gross product growth rate of 1.2% annually.
In short, whether you want to invest in real estate or you are looking for a new home to live in, Florida is for you and offers very attractive prospects.
Check out all the real estate projects available in Florida on the NEO website.
