According to MIAMI Association of REALTORS Chairman of the Board, Colombians and all home buyers love Miami because it is young, modern, multicultural, multilingual and growing. Historically, changes in the political landscape have led to more searches and purchases by global buyers.
The US Census Bureau’s American Community Survey 2021, out this month, is the most recent window into Miami-Dade’s demographic realities. One valid notion is tha rapid change is fueled by continuous arrivals from abroad. We now are very much a county of the foreign born, and a long-term shift could be a game-changer in a nation that was founded on European arrivals. CLICK ON THE HEADLINE FOR MORE
The influx of international investment in South Florida is a welcome change for sellers and brokers, now that high mortgage rates have pushed domestic buyers to the sidelines. And the numbers show that foreign investment is returning. Brokers are particularly seeing buyers from Brazil, Argentina, Colombia.
The housing market has been hotter in South Florida than just about any place on the planet over the last year. But now that interest rates are north of 7%, are they cooling the action in Miami? Dina Goldentayer, Executive Director of Sales at Douglas Elliman, joined Yahoo Finance Live to talk about that. CLICK ON THE HEADLINE FOR MORE
The colorful hotel with artistic flair will welcome guests again in August, following a $50 million remodel. Originally opened in 1985 as the Mayfair Hotel & Spa, it’s being rebranded as the Mayfair House Hotel & Garden. CLICK ON THE HEADLINE FOR MORE
Miami Real Estate Posts Third-Highest Sales Month In History; Miami Condo Sales Surge For The 18th Consecutive Month
With Miami\’s fintech expansion and stature as the No. 1 U.S. destination for global homebuyers, demand is driving the real estate market and the lack of housing supply continues to fuel property appreciation and record sales, CLICK ON THE HEADLINE FOR MORE
Real estate experts say wealthy Russians are putting down major money towards empty condos. Instead of using their real names, the investors are using the name of corporations, making it harder to track who actually owns the properties. CLICK ON THE HEADLINE FOR MORE
The latest influx of Latin American money to Miami is mostly because of political and economic instability. According to Miami real estate and banking executives, Mexico, Peru, Colombia and Chile are now the leading sources of foreign money coming into the city.
The New York restaurant group, which has expanded rapidly in the Miami area, inked a 10-year lease for the 5,700-square-foot building with the new owner of the former Tigertail + Mary restaurant building at the Park Grove development. CLICK ON THE HEADLINE FOR MORE
As travel restrictions lift, international buyers have begun to return to Miami’s luxury market, adding another layer to already red-hot demand in South Florida. CLICK ON THE HEADLNE FOR MORE