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Foreign buyers in Florida

Foreign buyers in Florida

According to Miami Association of Realtors, the foreign investment in South Florida climbed up to $7.1 billion dollars in 2017. That is a significant increase of approximately 15% compared to 2016 where the number was only $6.2 billion dollars. Unsurprisingly, most of the foreign buyers are coming from South America. In fact, the political and economic crisis in the area are pushing the wealthy to park their money into a safer environment.

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Posted by on July 13, 2018 in News

 

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Condominium market in Florida

Condominium market in Florida

According to the MLS, the home sales year-over-year has fell in May for the Miami-Dade and Broward counties. This is probably due to the increase of median price in properties in these areas. Palm Beach, however, did make an exception with a slight plunge of price which means that their home sales actually increased. Surprisingly, the market which saw an increase of closed sales in April dipped this month.

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Posted by on June 22, 2018 in News

 

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The case of Western Venetian island

The case of Western Venetian island

There is a huge confusion whether the western Venetian island belongs to Miami or the Miami Beach. After all, the zip code seems to apply to Miami Beach but the city belongs to Miami. The western venetian island (which makes up San Marco and Biscayne Island) seems to leaning towards Miami Beach. In fact, the residents themselves are taking action in their own hands by holding petition and collecting signature door-to-door.

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Posted by on June 15, 2018 in News

 

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Inside Scoop: Downtown Miami Real Estate Market

Inside Scoop: Downtown Miami Real Estate Market

Downtown Miami has always been overshadowed by its more popular neighbors such as South Beach and Brickell. However, this neighborhood gem is actually one of the fastest growing city in Miami. What was once considered as a strict financial district is gaining huge population increase for families and young professionals. In fact, the population is at an all-time high with an estimated increase of 19% in the next 4 years. In response, the area could potentially have a higher demand for condo accommodation.

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Posted by on June 1, 2018 in News

 

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Fashion brands and condominiums: The perfect marriage

Fashion brands and condominiums: The perfect marriage

Millennials love fashion brand and the fashion brands are aware of this. This is probably why they are taking one step further by building condominiums associated to the brand. The trend can be widely seen especially in Miami where the Miami lifestyle is enviable to most people.

Condominiums associated with high fashion brands enjoy huge publicity and their clientele are established. In fact, they throw lavish party on the announcement of their project and even when they break ground. In this article, we will see a list of this high profile fashion brand condominiums that are taking Miami by storm:
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Posted by on May 11, 2018 in News

 

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Which area should you invest in Miami?

Which area should you invest in Miami?

The simple answer is: South Beach. South Beach is a popular destination that attracts local and international buyers. The white beaches and pristine waters are a favorite among those who has been here. The popular condos in this area are: The Apogee, The Continuum South, The Continuum North, The Murano Portofino, The Portofino Tower, The Murano Grande and The Icon South Beach.

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Posted by on April 27, 2018 in News

 

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The future of pre-constructions in Miami

The future of pre-constructions in Miami

Last year, we saw the drop of condo sales in almost all neighborhood except in the Downtown and South Beach area. In Brickell, the sales has dropped by an average of 5% while in Edgewater, it dropped by an average of 9%. This trend has been caused by the high inventory of luxury condos available for sale. In fact, there is currently a four years supply of luxury condos in the market.

This high inventory also contributes to a growing concern to real estate developers. There is a difficulty of selling new pre-construction units. Developers are postponing their projects in hope for a better market. Read the rest of this entry »

 
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Posted by on April 13, 2018 in News

 

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