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 »
Tag Archives: South Beach luxury real estate market
Tourism gets Miami back on its feet
In 2011, it appears that Miami became one of the top tourist destinations in the United States. Half of Miami’s visitors come from outside of the United States especially Latin America and Europe.
This surge in tourism has had direct consequences on Miami economy. First, a sudden raise in business has helped the job growth in the region’s hospitality sector: 108,000 jobs in July 2011 compared to the 104,500 jobs in July 2010, that is to say, a growth of 3,4% in a year. Read the rest of this entry »
Mega-yacht slips soon available…
If you were wondering if anything was ever going to break ground in the empty lot on Watson Island, stay tuned ! Hereafter is the story behind the scene of the Island Gardens plan.
The project of the Flagstone Development Group to build two luxury hotels with a mega-yacht marina may finally proceed in 2012, just for you.
Since the 2007 real estate crisis slowed down the construction timeline, the development, which was first approved by commissioners in 2001, was then forced to ask for several extensions. Two actors are rolling the dices to approve these extensions: the city of Miami commissioners and the Florida Cabinet. Read the rest of this entry »