Like you , a few years ago we spoke with concern about the fate of the housing market in South Florida. The collapse of the mortgage finance system in the United States was a determining factor for the overnight towering cranes adorning the skyline of Miami disappear factor . Analysts announced it would take over 10 years to restore confidence in the market. Only 5 years of these predictions have drained the remaining inventory, auctions and disappeared construction cranes are positioned again between the Miami skyline .
Of the 17,502 units built in the Miami area estimated mid-2013 there were only about 357 in existence . To date Today I dare to assert that this inventory is fully depleted Miami * Report 10/2013 – . ISG
Foreign capital , mainly from Venezuela , Argentina , Brazil, Canada and Colombia in Miami invested $ 100 billion in residential and commercial properties. 61% of purchases were in cash together with 90% of the presale of the new skyscraper is counted.
Foreign capital , mainly from Venezuela , Argentina , Brazil, Canada and Colombia in Miami invested $ 100 billion in residential and commercial properties.
61% of purchases were in cash together with 90% of the presale of the new skyscraper is counted.
Doral – Downtown – Edgewater – Midtown, Brickell and remain a focus of attraction for Venezuelans who continue to be the largest group of international buyers in Florida (FAR 2013).
Miami has seen unprecedented economic rebound in the last four years. The mortgage market has entered in a process of recovery. Builders have started a lot of work , mainly in condominium buildings with prices ranging from $ 380-750 / ft2 and entirely different modes of payment which originated during the time of the bubble. Buyers pay up to 50% during the construction work and the remaining 50 % at the time of delivery ( usually 2 to 3 year bottomed out prices . – In the last year (2012-2013) these have increased by 28 % over the previous year s / Realtor.com .
Those who did not dare to invest in the most critical moment of the fall , today lament before recovery figures that shed American government officials .
The future is promising. The expansion of the Port of Miami, the thrust of the arts ( Arsht Center for the Performing Arts , Perez Museum, Museum of Science , Art Basel) , sports activities , airport expansion with an investment of over U.S. $ 6.5 and BB tourism course , are just some of the activities currently being developed with a view to the Future Miami – Miami 2020.