The report by the Prime Global Cities Index about the luxury residential market has just been released. And as usual there is some pretty good data in here so let me give you a summary of what’s interesting. Read the rest of this entry »
Tag Archives: Miami Real Estate
CNN money recently reported about a survey made in 200 US metro areas. While comparing buying and renting costs, it appears that buying is way more interesting than renting in more than 75% of the polled areas!! Read the rest of this entry »
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 »
This is certainly one of the most emblematic properties in South Beach. Located on 11th Street and Ocean Drive, the Casa Casuarina is better known as the Versace’s Mansion. 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 »
With an average of 1,288 international flights per week against 1,287 for JFK, Miami International Airport is became the 1st airport in the US in terms of international flights. Fort Lauderdale airport and Palm Beach are far behind their neighbor MIA with respectively 400 and 12 international connections per week.
So far this year, MIA airport is even breaking records in overall traffic. With 10.2 million passengers during the first quarter, we reach a 9.5% increase. International passengers represented an 11% increase. The main reason to this surge is the addition of new connections. In February LAN Colombia created 4 direct flights Miami-Bogotá per week and Interjet launched daily flights between Miami and Mexico City. Last month American Airlines added a new connection to Barcelona and daily flight to Kingston. Those new services are definitely helping MIA in staying at the top of the US airports list.
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 »