United States. Miami's Biscayne Bay frontier.
A landmark waterfront tower in North Bay Village, Miami — led by a 38-year South Florida developer with $6 billion in completed transactions, in partnership with the same Reportage network behind this platform's other listings. The only market here with zero currency risk for USD-based buyers, the deepest resale liquidity of any market on the platform, and a mature legal system — paired with the platform's only genuinely zero residency pathway from a direct property purchase.
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1
Developer Partners
1
Projects Listed
4–6%
Avg. Gross Yield
USD
Currency
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Why the United States is a fundamentally different case on this platform.
Every other market on this platform carries some form of currency-conversion risk for a foreign buyer. The United States doesn't — the US dollar is the world's reserve currency and the base currency this entire platform prices in, so a USD-based investor takes on zero currency-translation risk buying here. It's also, by a clear margin, the most liquid resale market featured: a mature MLS-listed secondary market, standardized title insurance, and a legal system built around Florida's Condominium Act (Fla. Stat. 718) that most other markets on this platform simply don't have yet. Shoma Bay itself is led by Shoma Group — a 38-year South Florida developer with $6 billion in completed transactions — in partnership with Cosmo Developments, whose operations are fully powered by Reportage Properties, making this the first project connecting the Reportage network to the US. The trade-offs are real: gross yields (4-6%) run lower than this platform's emerging markets, the Federal Reserve is holding rates at 3.50-3.75% with inflation still above target, FIRPTA withholds 15% of the gross sale price at closing for foreign sellers, and — like France — a direct property purchase confers zero US residency or visa rights of any kind (EB-5 is a separate, much larger active-investment vehicle, not a condo-purchase perk). Florida's SB 264 also restricts ownership for buyers from a specific list of "countries of concern," still under active litigation as of 2026. Treat this as the platform's stability-and-liquidity anchor, not its growth story.
Key Advantages
- The only market on this platform with zero currency-conversion risk for USD-based buyers — the world's reserve currency, no devaluation narrative of any kind
- The deepest, most liquid resale market featured here — MLS-listed secondary sales, standardized title insurance, a mature Condominium Act legal framework
- Real estate purchase alone confers zero US residency or visa rights — a structural dead end matching France, not this platform's various golden-visa-style markets
- FIRPTA withholds 15% of the gross sale price at closing for foreign sellers — a withholding mechanic unique to this market on the platform
- Florida's SB 264 restricts ownership for buyers from seven "countries of concern" (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) — still under active 11th Circuit litigation as of 2026
- Fed funds rate held at 3.50-3.75% with inflation still above target (core PCE 3.3%, June 2026) — a materially different rate regime from this platform's other developed market, France (ECB 2.25%)
United States — Investment Scorecard
Nine indicators rated 1–10 by the PropSentral research team. Updated quarterly.
Observed Gross Rental Yield Range
4% – 6%
Per annum, based on active listings. Not guaranteed.
Tax Summary
Income Tax
Non-resident aliens pay US federal tax on net rental income at graduated rates (or a 30% flat withholding on gross rents unless a Section 871(d) election is made). Florida levies no state income tax at all.
Capital Gains
Federal long-term capital gains taxed at 0/15/20% depending on income, plus a 3.8% Net Investment Income Tax for higher earners — Florida adds no state capital gains tax. FIRPTA requires the buyer to withhold 15% of the gross sale price at closing for foreign sellers (reduced to 10% for owner-occupied sales priced $300,001-$1,000,000) — a prepayment against the seller's actual liability, refundable if the real tax owed is lower.
Transfer Cost
Florida documentary stamp tax on the deed — 0.60% of the sale price in Miami-Dade County, 0.70% elsewhere in the state
Mortgage Access
Max LTV
Foreign-national mortgage programs exist at major US and international banks, typically 60-70% LTV (30-40% down payment required) — meaningfully more conservative than domestic-buyer terms
Typical Rate
Federal Reserve funds rate held at 3.50-3.75% (July 2026 FOMC) — elevated by this platform's standards, with core PCE inflation still running above the Fed's 2% target (3.3% as of June 2026)
Notes
Most foreign buyers of Miami pre-construction condos pay via cash or developer deposit-instalment plans through handover, arranging financing (if any) only after completion
Residency Pathway
Programme
None via direct property purchase — buying a condo confers zero US visa or residency rights on its own. The EB-5 Immigrant Investor Program is a separate route requiring $800,000-$1,050,000 invested into an active, job-creating commercial enterprise, not a passive real estate purchase — the two are commonly confused but structurally unrelated
Threshold
N/A for a property purchase; EB-5 (a different vehicle entirely) requires $800,000 (Targeted Employment Area) or $1,050,000 (standard)
Timeframe
N/A for a property purchase
The United States offers this platform's only true zero-currency-risk market for USD-based buyers and its most liquid resale market, but real estate purchase alone confers no residency pathway, and Florida's SB 264 restricts ownership for buyers from several "countries of concern" — still under active litigation as of 2026. Consult a Florida-licensed real estate attorney before purchasing, particularly around FIRPTA withholding and SB 264 eligibility. Scores are qualitative assessments by PropSentral and should not be relied upon as financial advice.
Economic Intelligence
Macro Indicators — United States
GDP growth, interest rate environment, currency trends, and tax impact for investors. Static data as of July/August 2026 (Fed funds rate, FX rates); GDP data through 2024. Live charts sourced from BIS and FRED.
GDP Performance
Economic Output & Growth
USD billion. Source: Compiled from Bureau of Economic Analysis / World Bank reporting (current US$).
2023
+2.9%
2024
+2.8%
Interest Rate Environment
Central Bank Rate vs SOFR (Secured Overnight Financing Rate)
Federal Reserve (Federal Funds Rate)
3.75%
SOFR (Secured Overnight Financing Rate)
3.75%
What is SOFR (Secured Overnight Financing Rate)?
The US retired LIBOR in favor of SOFR as its primary lending-reference rate; the Fed funds target range remains the policy benchmark most commonly cited for mortgage and credit pricing.
⚠️ The FOMC held the federal funds target range at 3.50-3.75% at its July 29, 2026 meeting. Core PCE inflation accelerated from 3.0% (December 2025) to 3.3% (June 2026), still above the Fed's 2% target — markets have shifted from pricing rate cuts to weighing possible hikes. A full historical monthly series was not compiled for this market.
Currency
LiveExchange Rate — Your Currency vs USD
The US dollar is the world's primary reserve currency and the base currency for this entire platform — there is no currency-conversion risk narrative for USD-denominated buyers, a fundamentally different profile from every other market featured here.
Latest rate — Jul 26· FRED
1 USD = 0.8754 USD
US Dollar → US Dollar
Monthly averages — Federal Reserve Economic Data (FRED), cross-rates computed from USD pairs. For illustrative purposes only. Exchange rates fluctuate — consult your bank or FX broker for transaction rates.
Tax Profile
Property Taxes — United States
Florida's SB 264 (2023) restricts individuals/entities from seven "countries of concern" (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) from owning most Florida real estate, with a narrow one-property exception for non-citizen Chinese individuals outside a 5-mile military-installation radius — under active 11th Circuit litigation as of 2026
No general federal restriction on foreign ownership of US real estate beyond SB 264-style state laws and sanctions-list screening
Real estate purchase alone confers no US residency or visa rights — see residencySummary in the market-intelligence scorecard
Tax information is general guidance only and may not reflect current legislation. Always consult a qualified local tax adviser before purchasing or selling property.
1 project on PropSentral
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2 developer partners in this market
Cosmo Developments
Ultra-luxury, brand-licensed developments for high-net-worth individuals
Cosmo Developments, part of Flag Holding group, invests in exclusive iconic projects for the discerning few — blending visionary design, ultra-luxury and high-end living for high-net-worth individuals seeking distinction in prime locations. Cosmo's flagship project, Brabus Island on Al Raha Beach, Abu Dhabi, is the first-ever real estate development licensed by BRABUS, the German luxury automotive tuning brand — bringing its "1-Second-Wow" design philosophy into architecture. Cosmo's operations are fully powered by Reportage Properties. Cosmo is also credited as co-developer, alongside lead developer Shoma Group, on Shoma Bay in North Bay Village, Miami — Cosmo's and Reportage's first United States project.
2
Projects
2025
Est.
0+
Completed
Shoma Group
Established South Florida developer, 38 years and $6 billion in completed transactions
Established in 1988, Shoma Group is an award-winning South Florida real estate development company specializing in residential and commercial projects. Over more than 30 years the company has developed over 20,000 homes and condominiums and more than one million square feet of retail and office space, with $6 billion in completed real estate transactions. Shoma Bay, its landmark waterfront tower in North Bay Village, is delivered in collaboration with Cosmo Developments — part of Flag Holding group, whose operations are fully powered by Reportage Properties — marking Shoma Group's first project connected to the Reportage network and PropSentral's first project in the United States.
1
Project
1988
Est.
0+
Completed
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