A niche market with a strong added value
The positive dynamic of Miami’s real estate market grew over the past years thanks to the construction of condos and residences. Bayfront or Oceanfront, close to the beach and touristic area’s, steps from luxury shops or in a residential neighborhood – Everybody will find it’s match and highest expectations. The pre-construction market is are also booming thanks to a constant creation of new projects in Miami and the rise of projects done by “starchitects”
Additionally the market of single-family homes and villas is also in the spotlight . Miami is now the 6th most appreciated city by high net worth individuals and it’s real estate luxury market is one of the most important in the world. Miami is not only a city to play, but also to stay thanks to all the economic growth and cultural.
A Celebrity Playground
The Magic City attracts several celebrities who wish to invest or live in Miami, and live in a quiet property far away from people. Many major actors of the music industry have feel in love with the Miami vibe.
Miami also attracts also influent Fortune 500 businessmen.
Institutions invest also in these wonderful places to improve their facilities and work in a pleasant place. The Ransom Everglades School did it this week for one of the Florida’s most expensive properties
, located in Coconut Grove, for 34.6 M$.
The luxury market has rose dramatically the past 5 years. It is an attractive market that will remain sustainable during the next years and will not stop increasing anytime soon since the price per square foot is still far of cities such as New York, London or Paris .
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