Ignacio Acosta Sorge IREA-AII CEO with Teresa King Kinney CEO of Ramb Miami USA at SIMA International Real Estate Expo
This important event of the Hispanic Real Estate Industry was celebrated in Madrid with inauguration date on May 28, 2009, Including more than 200 exhibitors that attracted over 60000 visitors.
During their visit, Mr. Acosta Sorge and Ms. Dos Santos, conversed with various developers, visiting stands for different exhibitors, among them, the one for RAMB (Realtor Association Miami Beach), an outstanding stand with perfect presence and professionalism that was extensively praised by the executives of IREA-AII. There, they talked with Ms. Teresa King Kinney, CEO of RAMB, who showed outstanding knowledge on her area of interest and the region she handles.
T.K.K.- This is our fifth year here at SIMA
I.A.S.- How do you see this event compared to other years?
T.K.K.- So much smaller and the best for us in all these years. Strong attendance.
I.A.S.- People from which countries are the most interested in the areas of Miami and Florida?
T.K.K.- Europe and South America mostly, Germany, Russia and Spain. We have just signed three agreements here in Spain.
I.A.S.- And which is the area of Miami that attracts most interest?
T.K.K.- Usually, the first place people ask about is Miami Beach, but once we start talking, they show interest for every area near the water, all thirty-six cities in Miami. But it depends on where they’re from, for example, Russians love Sunny Isle and Brazilians love Miami Beach and Dural. Miami has many beautiful communities such as Coral Gables and Coconut Grove.
I.A.S.- Do you also cover the area of Naples, on the other side of the coast?
T.K.K.- No, we don’t, we are ore dedicated to the international markets for Miami, but I can connect you with one of our members and they will be able to help you.
I.A.S.- How is it for foreigners to buy in Miami, Teresa? Speaking about taxes, is it better to buy as an individual or as a corporation? What would the approximate tax costs be?
T.K.K.- Much of it depends on their tax status in their own country. An international attorney would be much better to advise them on this matter. About taxes, it would depend on the city since each of the thirty-six cities has slightly different tax structures.
I.A.S.- Do you cover all of Miami Dade, then?
T.K.K.- Actually, greater Miami including Miami Dade, the Beaches and Fort Lauderdale.
I.A.S.- And what can you tell us about the prices in Miami compared to Fort Lauderdale?
T.K.K.- Generally, they are a little higher than in Fort Lauderdale, but that’s because Miami has the magic, the excitement. Miami attracts much more international public than Fort Lauderdale, it’s much more energetic.
I.A.S.- I heard on CNN about a place that’s supposed to be wonderful to live in, Lake Mary, which is ranked number one in Florida and number six in the whole U.S.
T.K.K.- It’s a suburb of Orlando with low crime rates, it’s new, very quiet with new shopping centers and schools, but it’s still Orlando.
Miami is much nicer than Fort Lauderdale or Orlando, people are friendlier, they care about each other, whereas in Orlando and Fort Lauderdale, they care about business first. Miami is a friendly warm environment where 2.3 million people behave like small town folk, everyone knows each other and it’s affordable to go to quality shops and restaurants, much easier than in New York and San Francisco.
I.A.S.- And what can you say about exchange rate?
T.K.K.- Well, with the current exchange rate, people who pay in Euros for buying properties in Miami, are getting a 40% discount, the opportunities are incredible.
Listening to Ms. King Kinney’s clear and descriptive way of talking about the Miami area was a real boost for those who are thinking on living there.
To learn more about this Real Estate Group visit MyRAMB.com
More information about SIMA Madrid on International Real Estate Alliance
