RSS

Tag Archives: foreign investment Miami

How Miami’s population swap is affecting real estate?

How Miami’s population swap is affecting real estate?

Anyone would agree that trying to find a Miamian in Miami is getting harder every day. You may think it is only you, but actually, more foreigners and local refugees are flying down to Miami and are forcing locals to find new cities to establish.

About 58,000 Floridians are moving out of their hometowns to other states, while 94 outsiders are coming to Florida daily. This loss of Locals is mainly due to a non-stop increase in real estate prices and to tax law reforms.

Read the rest of this entry »

Advertisements
 
Leave a comment

Posted by on October 3, 2019 in News

 

Tags: , , , , , , , , , , ,

Why are Foreigners disregarding the U.S. real estate?

Why are Foreigners disregarding the U.S. real estate?

Foreign buyers in the U.S. have dropped by half in 2019 compared to the previous two years. Only in 2019 compared to 2018 there was a decrease of -36% in residential real estate, foreigners only spent $78 billion in 2019 compared to $121 billion in 2018.

Fewer foreigners buying residential homes in the US has pushed a decrease in listing prices. With lots of inventory and no buyers to fill them up, the market has switched from a seller to a buyer’s market. It is shocking the magnitudes of the drop as we have reached the lowest level of foreign residential investment since 2013.

Read the rest of this entry »

 
Leave a comment

Posted by on August 9, 2019 in News

 

Tags: , , , , , , , , , , , ,

Foreign investors are back in town!

Foreign investors are back in town!

Foreign buyers have been the #1 buyers of South Florida real estate for more than a decade. However, for the past few years, there was a tremendous decrease in Latin American buyer’s activity due to inflation and unstable local governments. However, according to the Profile of International Home Buyers Report of 2018, there was a rose of 23% of foreign purchase activity in 2018 compared to 2017. Out of those foreign buyers, Brazilians are in the top of the list.

Read the rest of this entry »

 
Leave a comment

Posted by on April 12, 2019 in News

 

Tags: , , , , , , , , , , , , , , , , , , ,

A wave of cash-only buyers in Florida!

Cash-Buyer[1]Lately I noticed that the number of buyers needing financing has drastically reduced. My personal feeling was confirmed by a recent study from RealtyTrac Inc showing that Florida is the nation’s leader with an amazing rate of all-cash home sales of 66 %! Even more impressive is the 69% rate of cash deals in Miami. To give you an idea, among all the other States, only Nevada with 64% and Maine with 60% got the next closest numbers of cash closings.   Read the rest of this entry »

 
2 Comments

Posted by on September 13, 2013 in News

 

Tags: , , , , , ,

 
%d bloggers like this: