jfue1165
New Member
Miami Real Estate has been listed as one of the top ten markets in the country and the inventory keeps decreasing to the point where many transactions turn into bidding wars and price increases. Most purchases are made in cash to top it all off.
Due to the unrest in the Eurozone, many Europeans are electing to invest their money this side of the Atlantic, with the French and the Italians leading the pack and spending in the $1Million range and up.
The latest statistics show that more than 74% of Miami Real Estate is sold to people with and address overseas. To many Europeans, buying property in Miami is still a bargain since major cities like London, Paris and Rome command much higher prices.
As for the Brazilians and Russians, their appetite for Miami Real Estate is keeping as steady as it has been for the past few years, even though their currency exchange is not as good as it used to be as is the case with the Brazilians.
Miami’s multi-cultural scene, The American Dollar and the warm weather are cited as the main points of attraction to many foreign investors.
Other than Miami homes and Miami condominiums, International buyers are purchasing mixed income properties like: multifamily income buildings, duplexes, fourplexes and storage warehouses.
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Due to the unrest in the Eurozone, many Europeans are electing to invest their money this side of the Atlantic, with the French and the Italians leading the pack and spending in the $1Million range and up.
The latest statistics show that more than 74% of Miami Real Estate is sold to people with and address overseas. To many Europeans, buying property in Miami is still a bargain since major cities like London, Paris and Rome command much higher prices.
As for the Brazilians and Russians, their appetite for Miami Real Estate is keeping as steady as it has been for the past few years, even though their currency exchange is not as good as it used to be as is the case with the Brazilians.
Miami’s multi-cultural scene, The American Dollar and the warm weather are cited as the main points of attraction to many foreign investors.
Other than Miami homes and Miami condominiums, International buyers are purchasing mixed income properties like: multifamily income buildings, duplexes, fourplexes and storage warehouses.
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