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.
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.
In 2011, the average volume of sales in the main South Beach condos has increase by 18.5%. Bear in mind that sales had already increased in 2010 compared to 2009. Sales from the beginning of the year till now at the Murano Grande and at the Portofino doubled compared to the same period last year. The Murano at Portofino sales tripled in 2011. At the Icon sales increased by 41%, at the Continuum by 17%. Read the rest of this entry »
Miami Real Estate Blog 