Miami Residential Market Enjoying Boom

by Isaac Benmergui, Esq on January 18, 2012

The Miami residential real estate market remembers a time when it was this busy. It was 10 years ago. The reason the Florida housing market is recovering faster than all other markets in the country may very well be due to the activity in the Miami area. It’s more than snowbirds looking for a warm place to hide from the northern winters. It’s people looking for a real estate bargain where prices are down and the inventory is filled with bright beautiful new buildings with tons of entertainment and shopping possibilities.

Another reason Miami is enjoying such a rebound is the foreign interest. If the foreign investors looking to build mega hotels with casinos attached succeed in getting the Florida legislature to change state regulations regarding casino ownership, 2012 and beyond looks very good for home sale and the occupancy rate in South Florida.

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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