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.
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Tags: foreign buyer 2019, foreign buyers, foreign investment Miami, invest in Miami, invest in real estate, investing in florida, Miami Real Estate, real estate blog, real estate market, real estate news, real estate sales, real estate trends, World news
It’s the third quarter of 2017 and Miami real estate continues to attract buyers from all over the world despite the slowdown last year. A strong dollar and weak foreign economies were the biggest factors for 2016’s sales decrease ( down 25% in the first six months). However, this year seems to be a new chapter. Investors and homeowners are slowly gaining confidence. Let’s take a look at some key-points to better the understand the evolution of the Miami real estate industry. Read the rest of this entry »
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Tags: Brickell, Brickell condo, Brickell real estate, Coral Gables, Downtown Miami, Downtown Miami condos, Downtown Miami real estate, invest in Miami, investment in Miami, Miami Real Estate, Miami Real Estate Blog, Miami real estate market, South Beach real estate
Statements like ‘the market is going down’ or ‘we’re seeing a market slowdown’ make us wonder about a future crisis but is realty effectively like this?
At the moment the market in Miami is just stable, it’s not collapsing. The volume of sales has decreased but not drastically, I would say that it has just cooled off and it is also considered a sign of solidity.
In the last 15 years the market has gone thru cycles of depression and growth. In Miami we have experienced a great boom over the past 5 years so it’s normal and healthy to go thru a slowdown. The real estate market is more sustainable that way. Read the rest of this entry »
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Tags: Buy sell Miami Beach Condos, invest in Miami, Miami Real Estate, Miami Real Estate Blog, Purchase a Miami Beach property
Sam Tawik, a well-known New York developer, just invested $12 million in the area of Midtown Miami. Indeed he bought 27 apartments in the fabulous condominium 4 Midtown (see picture). If he is investing such an amount there, he must be pretty sure that Midtown Miami will become soon the new Soho.
In the early 60’s artists bought lofts there for at most $50,000 and these properties are now worth $3 million. Tawik values the short term appreciation in Midtown and thinks that the prices of the area will follow the Soho trend. Tawik’s strategy is simple: he is buying units which have highest end user demand and which appreciate in value the quickest. No wonder why he can hope a 35% of return on his investment within 3 years! Read the rest of this entry »
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Tags: 4 Midtown miami, Downtown Miami condos, Downtown Miami real estate, invest / investment in Miami, invest in Miami, miami investments, midtown miami, Midtown miami condos, Midtown miami investment, Midtown miami real estate
A few months ago, I was glad to tell you that Brazilians were one of the biggest buyers of Miami real estate. They have almost by themselves rescued the market.
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Tags: Brickell House condos, buy miami condos, condos miami, invest in Miami, investors miami, Miami condos, Miami Real Estate, Miami real estate market, Millecento condo, real estate miami
Since 2007, the Prime International Residential Index (PIRI) highlights the annual price changes in luxury real estate all around the world. By now, we all know that the market here is getting hotter… However, it is always comforting to get some numbers in front of us. In the 2011 the PIRI, which lists 71 locations worldwide, reports Miami as the third biggest increase in the values of luxury properties. Read the rest of this entry »
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Tags: Buy in Miami, invest in Miami, invest in real estate, Miami Beach Luxury real estate market, Miami Luxury Condos, miami luxury living, miami luxury market, miami luxury real estate, Miami Real Estate, Miami Real Estate Blog, Miami real estate market
In 2014, Miami’s Museum of Science will be relocated in the Museum Park, next to the Miami Art Museum, on Biscayne Boulevard, right next to the AA arena. The construction of the 250,000 sq complex designed by Grimshaw Architects will take around 27 months to be built and will start this February.
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Tags: Buy in Miami, Downtown Miami, Downtown Miami real estate, invest in Miami, Miami Real Estate, Miami Real Estate Blog, Miami Science Museum
2011 has been an amazing year for Miami Dade County real estate market. Compared to last year, number of units sold rose 46% for existing homes and 58% for condos. The number of units sold this year has even surpassed the real estate boom year’s sale of 2005. Read the rest of this entry »
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Tags: Brickell condo, Downtown Miami real estate, invest in Miami, Miami Beach condos, Miami Luxury Condos, Miami Real Estate, Miami Real Estate Blog, South beach condo, South Beach luxury real estate market, South Beach real estate
Miami Real Estate Blog 