Miami Today recently published an article on the current state of European interest in the Miami housing market. ONE Sothebys International Realty associate Ralph Arias weighed in on the situation, giving his insight on their purchasing patterns and buying strategies. Arias described the cycle we are in of very high-priced real estate designed by world-famous architects. He stated that high net-worth European buyers are interested in these very high-priced properties and, for that reason, the market is doing well.
The European luxury market in general is doing well because high-end Europeans are less likely to be affected by currency fluctuations. Arias explained that Many Europeans who initially bought Miami area properties in the downturn are now making second and third purchases referring to the time period when reduced prices and a strong euro lead to a European buying frenzy. Now that that inventory has been absorbed, European buyers who already have condos are on the market for a house or lot.
Arias summed up why Europeans are interested in owning multiple Miami properties by saying, The bust attracted them here and the lifestyle kept them here. ONE Sothebys can attest, the tropical, relaxed, exciting South Florida lifestyle is truly unique. For so many reasons, Miami has always attracted international buyers, and it always will.
Miami Today recently published an article on the current state of European interest in the Miami housing market and ONE Sothebys International Realty associate Ralph Arias weighed in on the situation, giving his insight on their purchasing patterns and buying strategies. Arias described the cycle we are in of very high-priced real estate designed by world-famous architects. He stated that high net-worth European buyers are interested in these very high-priced properties and, for that reason, the market is doing well.
The European luxury market in general is doing well because high-end Europeans are less likely to be affected by currency fluctuations. Arias explained that Many Europeans who initially bought Miami area properties in the downturn are now making second and third purchases referring to the time period when reduced prices and a strong euro lead to a European buying frenzy. Now that that inventory has been absorbed, European buyers who already have condos are on the market for a house or lot. Arias summed up why Europeans are interested in owning multiple Miami properties by saying, The bust attracted them here and the lifestyle kept them here. ONE Sothebys can attest, the tropical, relaxed, exciting South Florida lifestyle is truly unique. For so many reasons, Miami has always attracted international buyers, and it always will.
Miami Today recently published an article on the current state of European interest in the Miami housing market and ONE Sothebys International Realty associate Ralph Arias weighed in on the situation, giving his insight on their purchasing patterns and buying strategies. Arias described the cycle we are in of very high-priced real estate designed by world-famous architects. He stated that high net-worth European buyers are interested in these very high-priced properties and, for that reason, the market is doing well.
The European luxury market in general is doing well because high-end Europeans are less likely to be affected by currency fluctuations. Arias explained that Many Europeans who initially bought Miami area properties in the downturn are now making second and third purchases referring to the time period when reduced prices and a strong euro lead to a European buying frenzy. Now that that inventory has been absorbed, European buyers who already have condos are on the market for a house or lot. Arias summed up why Europeans are interested in owning multiple Miami properties by saying, The bust attracted them here and the lifestyle kept them here. ONE Sothebys can attest, the tropical, relaxed, exciting South Florida lifestyle is truly unique. For so many reasons, Miami has always attracted international buyers, and it always will.
Miami Today recently published an article on the current state of European interest in the Miami housing market and ONE Sothebys International Realty associate Ralph Arias weighed in on the situation, giving his insight on their purchasing patterns and buying strategies. Arias described the cycle we are in of very high-priced real estate designed by world-famous architects. He stated that high net-worth European buyers are interested in these very high-priced properties and, for that reason, the market is doing well.
The European luxury market in general is doing well because high-end Europeans are less likely to be affected by currency fluctuations. Arias explained that Many Europeans who initially bought Miami area properties in the downturn are now making second and third purchases referring to the time period when reduced prices and a strong euro lead to a European buying frenzy. Now that that inventory has been absorbed, European buyers who already have condos are on the market for a house or lot. Arias summed up why Europeans are interested in owning multiple Miami properties by saying, The bust attracted them here and the lifestyle kept them here. ONE Sothebys can attest, the tropical, relaxed, exciting South Florida lifestyle is truly unique. For so many reasons, Miami has always attracted international buyers, and it always will.
Socials