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 »
Tag Archives: investment in Miami
A few years back, Miami was just an exotic city by the ocean for wealthy people. In the last few years, Miami has drastically changed. It became a modern metropolis, which encompasses charming and distinct neighborhoods. You can find urban design popping everywhere. Tourists and entrepreneurs for all over the world are attracted to the sunshine city. Let’s discover the multiple facets of Wynwood, the Design district and Brickell.
The market has been mostly driven by international buyers over the last years. New York’s are historically the most active national buyers of Miami’s real estate market. However, they have been pretty less active during the downturn.The recent market improvement seems to have gotten back their attention. Even if New York buyers never totally disappeared from Miami’s market especially from South Beach area, it seems that today they do perceive it in another way. Read the rest of this entry »
During the last decade, investments in Miami where mostly concentrated on Miami Beach. However things have recently changed as Miami Downtown is becoming a central hub for international investments.There are several reasons explaining this new trend. First of all, attractive real estate prices have pulled investors to this area. Read the rest of this entry »