Miami and its surroundings, according to the latest report on
the luxury real estate market by Christie's, in 2012 burst into the group of
the world's main markets of this type, thanks to the general recovery in demand
and low prices.
"The foreign buyers have been buying luxury properties in
Miami as a result of the uncertainty about their currencies, which often have
become devalued with respect to the dollar," Ron Shuffield, of Esslinger
Wooten Maxwell Realtors, said.
Christie's, however, calculates that 55 percent of the luxury
real estate purchases made between October 2011 and September 2012, inclusive,
were made by Miami residents and were investments in primary residences, many
of them in relatively central parts of the city.
"I've never been a supporter of people moving farther and
farther from the city. I think they should get back to the downtown area so
that they can do everything by walking, like in Chicago, New York and
London," developer Jorge Perez said.
Perez, the president of The Related Group, said in an interview
with EFE that his company has a key responsibility for the design that is
beginning to characterize Miami, thanks to the many huge apartment buildings
where the penthouses are normally luxuriously appointed and designed for
wealthy owners who want privacy and good views, but in central parts of the
city.
"We're getting there: A good bit of density has been
created in the last 10 years. Before, on the street, you saw two or three
taxis, and now you see a lot and the urban transport service is developing and
improving," Perez said.
Calculations are that Miami at the end of last year had more
than 2,000 residences with prices above $1 million, half of what New York has
despite the fact that the population of the Miami metropolitan area does not
have even one quarter the people of the Big Apple.
*Source: http://india.nydailynews.com/business
*Source: http://india.nydailynews.com/business
To Buy, Sell or Rent Properties in Miami go to http://www.JuanSolerRealtor.com
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