Latest Miami Real Estate Bubble Destined to Pop?

by Isaac Benmergui, Esq on July 19, 2012

Home and condo prices are rising so fast in Miami that market experts are wondering if the bubble is headed for a loud pop!

Last month Miami-Dade marked a record-setting price for a condo sale and listings for luxury condos run as high as $125 million. The number of million-dollar condos rose 20 percent from 2006 to 2011, largely as a result of international buyers’ interest from South America, Europe and Canada.

Markets experts are wary of the market being too reliant on international investors and fluctuating economies in other countries could lead Miami’s housing market, which has been on the mend, to an accelerated deflation once again.

Getting Legal Help

Whether residential or commercial, the law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

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