Maio 24, 2013
The ultra-luxury real estate market has seen some record-breaking listings this year. While resales of some of Miami’s most expensive properties have been lingering on the market, buyers have been actively snatching up extravagant penthouses in new developments. Top dollar is being paid for new, “trophy” residences that top luxurious buildings throughout Miami.
Maio 23, 2013
New Yorkers are continuing to purchase vacation homes in South Florida. However, today’s buyers are not just older retirees; younger New York residents are also flocking to the Sunshine State to escape cold, winter weather.
Maio 21, 2013
Strong demand and limited inventory is causing a buying frenzy in South Florida. The real estate boom is reminiscent of 2005 and 2006, except today’s buyers are using cash and heavy equity. Multiple offers are coming in for the current supply of homes and condos, and properties are fetching their asking prices or more.
Maio 17, 2013
Brazil has surpassed Canada as the top international source for both visitors and property buyers in Miami. In 2012, Brazilians became the most numerous overseas tourists and the most likely to acquire real estate in Miami. Last year, 690,000 Brazilians visited the city, up 8.8 percent from 2011. They spent an estimated 1.5 billion dollars.
Maio 15, 2013
When Saskia Sasken devised the term “global city” to refer to urban areas vital to the world’s overall economic, cultural and political development, she was referring to cities such as London and New York. However, over 20 years later, the Columbia University sociologist declared Miami to be a remarkable example of global city growth- a notion supported by the city’s booming real estate market.
Maio 13, 2013
Due to a heated real estate market, developers in Miami are buying up property across the city. Miami’s Edgewater district, located just north of downtown, is the latest area to see a flurry of proposed new construction. With sweeping views of Biscayne Bay and a prime location near Midtown and the Design District, developers have been busy buying up land and pre-construction sales are soaring.
Maio 8, 2013
Miami has been ranked number 10 on fDi Magazine’s list of the Top 10 Overall American Cities of the Future. Miami also ranked 8 for infrastructure, 7 for business friendliness and 8 for economic potential on fDi’s lists of the Top 10 Major American Cities of the Future. The Major American Cities of the Future category is made up of cities with an immediate city population of more than 750,000 people plus a metro area of more than 2 million, or a metro area of more than 4 million people.
Maio 7, 2013
Miami-based developer Alan Ojeda’s Rilea Group is building a new luxury condo tower in the heart of Brickell. The 44-story, 323-unit building known as The Bond is set to rise at 1080 Brickell Avenue in Miami. Construction on the luxury condos will begin as early as August.
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