Lately we have been pleased to see that prices in the real estate market have been increasing. The market in Miami area in particular is doing great. But if prices are going up that way it’s also because they have been boosted by an inventory which is getting tighter and tighter. Read the rest of this entry »
Tag Archives: Miami real estate market
From telephones to televisions and computers to cars, you’d be hard-pressed to find an aspect of our lives that hasn’t been affected by the internet revolution. And for those hopping in to the world of real estate, you’ll see that this industry has been significantly influenced by the interconnectivity of the world wide web. Read the rest of this entry »
Lately, price levels of high-end properties in Miami have been breaking records. The question in everyone’s mind is; Are we getting ourselves into a new real estate bubble ? Read the rest of this entry »
A few months ago, I was glad to tell you that Brazilians were one of the biggest buyers of Miami real estate. They have almost by themselves rescued the market.
The expected $1.05 billion Brickell CitiCentre project might break ground in June 2012. This huge mixed-use project is going to literally change the Brickell neighborhood. By accommodating the 9.1 acres of South Miami Avenue between 6th and 8th streets, the Swire Properties’ project is planned to be the hugest project in Miami in a long time.
The first step of the project will begin in June with the construction of 5 buildings that will accommodate retail shops, condominium units, a hotel, offices and parking spaces. Read the rest of this entry »
Since 2007, the Prime International Residential Index (PIRI) highlights the annual price changes in luxury real estate all around the world. By now, we all know that the market here is getting hotter… However, it is always comforting to get some numbers in front of us. In the 2011 the PIRI, which lists 71 locations worldwide, reports Miami as the third biggest increase in the values of luxury properties. Read the rest of this entry »
The wave of Brazilian buyers could change the structure of Miami’s condo market. Since getting a construction loan became a challenge for developers, the Brazilian way of financing residential projects is a good alternative. The developers of the Apogee Beach in Hollywood are already using that method with great success. Read the rest of this entry »
The market has been mostly driven by international buyers over the last years. New York’s are historically the most active national buyers of Miami’s real estate market. However, they have been pretty less active during the downturn.The recent market improvement seems to have gotten back their attention. Even if New York buyers never totally disappeared from Miami’s market especially from South Beach area, it seems that today they do perceive it in another way. Read the rest of this entry »
In a global economical downturn, South Beach looks the other way. Numerous hotels and resorts are continuing to be built or renovated. The hotel industry has always been a major factor of South Beach economical growth. Despite the uncertain worldwide economical situation, South beach is still the scene of some major investments. Read the rest of this entry »