Miami Real Estate Market Overview
Miami is one of the most sought after destinations in the U.S. for international property buyers and investors. Recognizing Miami’s position as a Global city, many foreign buyers are taking advantage of the favorable U.S. property pricing and exchange rates creating a high level of demand for Miami real estate properties. According to the Miami Association of Realtors, an estimated 60 percent of home sales in South Florida involve a foreign buyer. Miami is a city of nations with buyers from France, Turkey, Brazil, Ukraine, Colombia, Argentina, Canada, Israel and Russia making up the largest percentage of purchases in the Miami real estate market.
Miami luxury condos in popular areas such as Brickell, Downtown Miami, Midtown Miami and Miami Beach are sought after by clientele from all over the world creating significant continued demand. Combined with the ongoing depletion of the property inventory, property prices are being pushed upward. New construction is now starting in the best locations in Miami and Miami Beach. Currently there are luxury residential condo projects and commercial projects under construction and more luxury residential pre-construction condo projects in the pipeline. Demand for these new projects is extremely high by buyers from around the globe.
Miami Real Estate Market Facts
Miami is an incredibly dynamic city with beautiful sunshine, palm trees and water views in every direction. It is a center and a leader in finance, commerce, culture, media, entertainment, the arts and international trade.
There has never been a better time to invest in Miami property. Whether you are looking for a sleek modern condo or loft with all the conveniences and amenities or a Mediterranean Revival inspired single family home, Miami has it all. There are plenty of opportunities for real estate investment, both residential and commercial. Miami is now in the early stages of an economic expansion – so don’t miss out on the opportunity to invest in Miami real estate and become part of the Miami lifestyle.
Historically, Miami has been renowned for its stunning beaches, international finance, and non-stop nightlife. Today, however, people from all over the world are choosing Miami as the ultimate destination for culture, industry, and entertainment.