Miamis real estate market has recovered ahead of the rest of the country due to the influx of international buyers. In the recent past months the largest real estate sales in the area made headlines for not only breaking records but also because they are deals that have been made by foreign investors. Particularly in South Florida, the rebound was led with Brazilian buyers that were purchasing luxury condos in Downtown Miami, Miami Beach and Aventura. Affluent buyers from Venezuela and Argentina also took advantage of low real estate prices paying cash for properties and helped consumers regain confidence in the market.
A recent article in Forbes takes a closer look at the international buyer, which includes Russians, Chinese and Canadians. Russians are purchasing the most expensive properties, with the Chinese coming in a close second. Canadians are mainly buying houses in the Midwest region of the country. South Koreans are also making an impact in New York City. In South Florida the market continues to be influenced by the South Americans as well as Mexicans and the French. With its mild climate, bustling nightlife, world class dining and entertainment its no surprise that foreigners continue to flock to Miami to purchase second vacation homes.
3 Indian Creek in Miami Beach was recently bought for $47 million by a Russian investor.
A recent article in Forbes takes a closer look at the international buyer, which includes Russians, Chinese and Canadians. Russians are purchasing the most expensive properties, with the Chinese coming in a close second. Canadians are mainly buying houses in the Midwest region of the country. South Koreans are also making an impact in New York City.
In South Florida the market continues to be influenced by the South Americans as well as Mexicans and the French. With its mild climate, bustling nightlife, world class dining and entertainment its no surprise that foreigners continue to flock to Miami to purchase second vacation homes.
A recent article in Forbes takes a closer look at the international buyer, which includes Russians, Chinese and Canadians. Russians are purchasing the most expensive properties, with the Chinese coming in a close second. Canadians are mainly buying houses in the Midwest region of the country. South Koreans are also making an impact in New York City.
In South Florida the market continues to be influenced by the South Americans as well as Mexicans and the French. With its mild climate, bustling nightlife, world class dining and entertainment its no surprise that foreigners continue to flock to Miami to purchase second vacation homes.
A recent article in Forbes takes a closer look at the international buyer, which includes Russians, Chinese and Canadians. Russians are purchasing the most expensive properties, with the Chinese coming in a close second. Canadians are mainly buying houses in the Midwest region of the country. South Koreans are also making an impact in New York City.
In South Florida the market continues to be influenced by the South Americans as well as Mexicans and the French. With its mild climate, bustling nightlife, world class dining and entertainment its no surprise that foreigners continue to flock to Miami to purchase second vacation homes.
Socials