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.
The Miami Dade County is known for its melting pot and multiculturalism. That is why, a consultant of Miami City named Mikki Canton wants to establish a new complex in this area in order to create a Chinatown district in Miami.
The complex is supposed to be the center of an international district. It will feature several projects directed to the Asian community. For example they plan the development of grocery shops, charter schools, housings, offices and a senior center. Mikki Canton already bought the name Chinatown Miami to designate the project. The complex is scheduled to be launch in 2 years and will cost around 40 million to be built. Read the rest of this entry »
Miami Real Estate Blog 