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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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Timing is of the essence when buying real estate in Miami

Timing is of the essence when buying real estate in Miami

It is not a secret that the down peak of the Miami Real Estate’s cycle is here. But even if it sounds like bad news, it is not at all!

Miami real estate has been following a sequence since the early industry boom in the 2000. This means that if we have arrived at the bottom line, it will have a fast bounce soon.

The whole industry has followed the same pattern, but the ultra-luxury houses’ had shown the most drastic impact.

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Posted by on November 9, 2018 in News

 

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Foreign buyers in Florida

Foreign buyers in Florida

According to Miami Association of Realtors, the foreign investment in South Florida climbed up to $7.1 billion dollars in 2017. That is a significant increase of approximately 15% compared to 2016 where the number was only $6.2 billion dollars. Unsurprisingly, most of the foreign buyers are coming from South America. In fact, the political and economic crisis in the area are pushing the wealthy to park their money into a safer environment.

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Posted by on July 13, 2018 in News

 

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Chinese buyers are coming for Miami’s real estate

Chinese buyers are coming for Miami’s real estate

Miami is well known for its attractive real estate market and the Chinese has taken note of this. As of last year, the Chinese makes up the third largest group of buyer in Miami and the second in the U.S.  There are several reasons why this is a growing trend. Read the rest of this entry »

 
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Posted by on January 19, 2018 in News

 

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Is there a bubble in Canada’s real estate market? The boom or the bust?

In 2008, the housing crisis in the United States left many people in a state of panic. The housing market collapsed and prices dropped. It took 5 years for the market to recover (for example, a unit in Murano Grande was sold for only $1.85 million in 2012  whereas last year it was sold for $2.55 million, a 37% increase). Now, United States’ neighboring country might face the same situation.
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Posted by on August 24, 2017 in News

 

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