Lunes, Hunyo 16, 2014

Real Estate Boom in Miami led by luxury homes

While the real estate sector in the U.S. is slowly recovering from the crisis, the market for super luxury homes such as Miami is booming.

The boom of luxury has meant that prices of homes in Miami and all of South Florida and are at 2003 levels, after rising by around 11% last year, after thirteen consecutive months of annual increases . Even the recorded average rent increases of 15% yoy.

During 2013 Miami is entering a new real estate boom fueled by investments mainly Latin, which has transformed the appearance of the city and having the luxury homes in one of their big hooks.

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