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Latin American criminality’s rate is boosting investments in Miami

miami---with-so-much-culture-and-fun--what-s-not-to-love-_16001145_800721579_0_0_14050878_600It is not breaking news anymore: we all know that Latin Americans are widely investing in Miami. We already figured that they have a powerful buying power coming from a strong currency. Moreover the real estate market in Miami is cheaper than the luxury market in Latin America. Read the rest of this entry »

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Posted by on June 25, 2013 in News

 

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Miami Real Estate market saved by the Latin Americans !

20TRDSF11122We already talked about how influent are the Latin Americans investors in the Miami real estate market. Let me remind you that they represent 35% of the buyers in Florida. We can say without doubt that they succeed to keep the market alive and to absorb the inventory.

Let’s try to understand where their powerful buying power is coming from. The first explanation is that their strong currency pushes them to invest abroad. In addition, the Floridian market is still less expensive than European or Latin American markets. In these regions good areas are in excessive demand meaning that the prices are increasing. That’s how, in 2011, the price per sqft for a waterfront property in Brazil was reaching $2-3 K when in Miami, in the Murano Grande for example, it was only $1K/sqft. Read the rest of this entry »

 
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Posted by on November 30, 2012 in News

 

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