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Tag Archives: Miami

Why are stilts houses the new trend in Miami?

Why are stilts houses the new trend in Miami?

It’s not the first time we mention how climate weather is affecting Miami’s landscape. In our article “Miami’s great initiatives to combat climate change” we explained how Miami’s local government is developing new ways to reduce the long-term risk of flooding and stabilize the region’s economy.  This time I wanted to explore a little deeper one innovative development that is reducing the flooding risk and is creating a cool trend at the same time!

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Posted by on June 21, 2019 in News

 

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Why New Yorkers aren’t thinking twice before moving to Miami?

Why New Yorkers aren’t thinking twice before moving to Miami?

We’ve been writing about how the Tax Cut and Jobs acted signed by Trump in 2017, has made Miami an investment paradise for Tax Refugees (wealthy buyers investing in South Florida looking for a tax break). New York has been one of the best examples of high tax immigration to the sunshine state. As a consequence, Florida is now the 3rd most populous state in the country.

However, this is not the only reason why people are moving to Miami and why the population has almost doubled since 1990. It seems logical for hard-working New Yorkers to think about their retirement and do the math of how long would their money last with the incredibly expensive lifestyle of the Empire State city compared to Miami.

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Posted by on May 9, 2019 in News

 

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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.

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Posted by on April 12, 2019 in News

 

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Miami is more than just a beach town!

Miami is more than just a beach town!

For the past 10 years, Miami has been facing a speedy cultural development that hasn’t been fully followed by the rest of the World. That is why people improperly think that Miami is not a “serious business city” where you can actually go other than on vacation.

Miami is not only a “cool” vacationing location anymore. A strong cultural identity has been created and “developed” in the last decade. As a citizen of Miami, I have to say that I’ve noticed the whole path that Miamians have been following for the past decade. When I imagine what is Miami now, I have a large list of characteristics that top my head. Art, sports, entertainment, business, food, transportation, and those are just a few to mention. Nonetheless, that is not everyone’s opinion.

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Posted by on March 22, 2019 in News

 

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TOP 6 ARCHITECTURALLY STUNNING MIAMI CONDOS

TOP 6 ARCHITECTURALLY STUNNING MIAMI CONDOS

Little have we discussed about to the current Miami condo’s oversupply. There are new constructions in every corner, that have pushed developers to find new ways of differentiating and stepping above their competitors. This new strategy is modifying Miami’s skyline.

Local developers are now outsourcing the exterior design to famous international architects. Buyers have so many options nowadays, that every detail counts when trying to be more appealing to luxury-seekers. From the parking garages and storages till the outer design of the tower, everything counts!

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Posted by on February 7, 2019 in News

 

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4 Biggest challenges for Miami’s real estate

4 Biggest challenges for Miami’s real estate

It is not a surprise that the Florida’s real estate market isn’t in its best shape today. The market has been facing different barriers that haven’t allowed it to grow as the some years before. In this week’s article I will explain some of the biggest problems that the industry is trying to bear.

1. Climate Change

We have all heard rumors saying that Miami is going to flood under water in a few years. Unfortunately, we have to say, somehow it is not false.

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Posted by on January 11, 2019 in News

 

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The noiseless real estate of Miami

The noiseless real estate of Miami

According to the public records compiled by Cranespotter, Miami’s real estate has suffered of a downshift that is just now starting to recover.

Out of 350 units over the $5 million dollars that are today on the market, only 6 units are sold per month. And out of this closed deals, 96% of them had to decrease their price for closing. However, the average percentage of reduction is only 5% under the listing price. Investors are just trying to get rid of their South Florida real estate assets.

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Posted by on December 7, 2018 in News

 

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