Miami Remains Investor Friendly
Any stakeholder and investor knows that it’s vital to keep close tabs on how the Miami luxury real estate market is performing. Activity fluctuates on a practically daily basis and when these changes happen it’s often necessary to make some tweaks. Last year, sales softened in Miami, but that was also the case in most of the country. Despite this, more and more Miami condos are being built, which indicates that investors still see plenty of worthwhile opportunities in the market.
A few years ago, the Miami market saw heavy foreign influence, and although this has cooled the city retains a strong appeal among international investors and buyers. Despite the high rents, buying still remains a better prospect than renting, and the time is ripe to purchase luxury homes, condos, and pre-construction projects. Developers continue to build highly regarded projects that are intended to sell out and it appears that so far these projects remain successful.
Should you have any questions on where to buy in the Miami luxury real estate market, we would be happy to talk to you and help you find a lucrative opportunity, whether you intend to purchase or invest in a pre-construction development in a city like Miami Beach.
This update is presented by Miami Beach Realtors representing Blackstone International Realty, specializing in Icon South Beach. If you are interested in Miami Beach condos such as the Icon condos for sale one of the luxurious South Beach condos, call 305-588-2451 for information on sales and rentals.