US Property News

Affordable prices and sunshine lifestyle attracting foreign buyers to Miami

by Ray Clancy on May 14, 2013

Why are foreign investors flocking to the Miami property market?

Why are foreign investors flocking to the Miami property market?

Strong demand and limited supply continue to strengthen the residential property market in Miami which is one of the most popular locations in the United States for overseas buyers. Affordable prices coupled with the sunshine lifestyle and local amenities are adding to the attraction for buyers from around the country and abroad, according to Natascha Tello, chairman of the board of the Miami Association of Realtors.

‘The Miami real estate market is experiencing significant strengthening as we continue to see greater demand than supply. While this trend continues to fuel double digit price appreciation, countywide prices remain at 2003 levels, which makes our properties affordable compared to many markets in the US and even to other world class cities on a global level,’ she said. ‘Miami prices coupled with the local lifestyle and amenities are attracting both US and international buyers and investors,’ added Tello. [click to continue…]

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