Ultra-wealthy out-of-state buyers are flocking en masse to South Florida, scooping up multimillion-dollar homes and condos with plans to establish residency in order to avoid shelling out money to the government as a result of last year’s tax reform, brokers and developers told The Real Deal. The influx has local brokerages doing everything they can to capitalize on the trend, using their partnerships with far-flung firms to grow their client rosters ahead of the competition. […]
source https://therealdeal.com/miami/issues_articles/tax-heaven/#new_tab
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