According to the MIAMI Association of Realtors and the Multiple Listing Service system, Miami-Dade County posted its best August sales month in history. Pent-up demand with U.S. individuals and companies moving to South Florida and record-low mortgage rates are continuing to fuel transactions,
This latest condominium boom will be different than prior building cycles.
Work from home, focus on quality of life, and interest outside of high-priced urban cores were trending well before the stay-at-home orders hit, say experts. CLICK ON THE HEADLINE FOR MORE
The current environment presents an opportunity to court buyers from abroad. This is particularly true of buyers from countries that have already passed the worst of the coronavirus crisis. CLICK ON THE HEADLINE FOR MORE
Buyers from high tax states that have been relocating to Miami for lower taxes are also cited as driving up prices. CLICK ON THE HEADLINE FOR MORE
GlobeSt recently asked Deme Mekras, regional managing partner at Franklin Street, to give his take on whether the influx of foreign capital into Florida multifamily is drying up or overflowing. CLICK ON THE HEADLINE FOR MORE
As a global city, Miami will continue to attract second home buyers, new residents, and new business enterprises long into the future, which will generate further demand for Miami real estate. CLICK ON THE HEADLINE FOR MORE
Miami continues to mature as a world class, global metropolis, attracting worldwide attention that is boosting the local market and economy. CLICK ON THE HEADLINE FOR MORE
Visiting the Miami Association of Realtors website more than any other foreign nation, Venezuelans are even more interested in South Florida’s residential offerings. CLICK ON THE HEADLINE FOR MORE
There are 118 condo towers proposed in the Miami area, including 35 under construction. The boom is being fueled by foreign investors who typically pay cash and are looking to hold rentals. CLICK ON THE HEADLINE FOR MORE
