Miami’s Luxury Real Estate Grows More Than 50%

by Isaac Benmergui, Esq on May 16, 2013

PondThe pristine beaches, luxury shopping and exciting nightlife has made the Miami real estate market grow by over 50 percent in the past year. The city remains a top destination for vacations and investors wanting to bask in the warm Florida sunshine for many years to come. For the home buyer, Miami offers both the high-end and low-profile lifestyle.

For the past year, luxury properties have boomed in Miami and the city has a reputation as one of the best markets in the world for luxury real estate whether you’re an individual or investor. Miami is an affordable city showing continued growth and quick recovery from the market collapse.

A large part of the market has been fueled by Latin Americans who feel at home in the bilingual city, and in the past two years, American properties have become very attractive to foreign buyers. In the past year, Miami’s luxury market has grown by over 50 percent in home purchases by the local residents and nearly 50 percent came from foreign buyers. More than 2,000 homes have been built and sold for over a million dollars in the past few years.

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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