Even if Europeans have always been pretty active in South Florida’s residential market, a few months ago they started to massively buy properties.
Since the inventory in Miami Beach and Downtown is decreasing these buyers are very aggressive. Indeed, they make offers as soon as properties become available on the market.
Numbers speak for themselves; 3 condos in the $2 million range at Canyon Ranch, were under contract after only one day on the market! Read the rest of this entry »