Value Perception and International Interest Heats Up Miami’s Luxury Housing Market

by Isaac Benmergui, Esq on March 13, 2013

YachtThe upswing in Miami’s luxury housing market may be attributed to shifts in value perception and international interest. The plunge in real estate prices over the last few years has shifted buyers’ attitudes, and this looks like a prime time for both foreign and domestic investors with deep pockets to claim their share of the high-end property market.

Buyers interested in luxury properties have been waiting and watching the flailing Miami market for years, and are anxious to buy as soon as possible as values are on the rise.  Prices have increased in many of the hottest markets, and an increase in property values across in all markets will soon follow.

High-end properties, those six-figures or more, are in demand and international investors eager to protect their assets from the uncertainty and instability of the global financial market are turning to Miami’s stunning beaches, favorable weather and world-class shopping and entertainment. Investors from Europe, Russia, China, Canada and Brazil especially, are looking to buy property in Miami

A limited inventory of available property has resulted in multiple offers, quick sales, and increased interest in high-dollar estates, condos, and luxury resorts have peaked the interest of buyers desiring Miami’s prime addresses.

Getting Legal Help

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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