360° Coverage : The Rising Influence of Latin American and Russian Buyers on...

1 Updates

The Rising Influence of Latin American and Russian Buyers on Miami Real Estate Market

Dec 20 2013, 2:06am CST | by

According to a study by Amity Realty, cash-rich Latin Americans and Russians have re-energized Miami real estate, helping to stimulate a recovery in the market after the dark days of the downturn.

Sunny Isles Beach, FL, December 20, 2013 --(PR.com)-- At a recent real estate networking event Amity Realty explained how the wave of property buying by foreign investors has significantly...

Filed under: news

YouTube Videos

 
 
 

44 weeks ago

The Rising Influence of Latin American and Russian Buyers on Miami Real Estate Market

Dec 20 2013, 2:06am CST | by

According to a study by Amity Realty, cash-rich Latin Americans and Russians have re-energized Miami real estate, helping to stimulate a recovery in the market after the dark days of the downturn.

Sunny Isles Beach, FL, December 20, 2013 --(PR.com)-- At a recent real estate networking event Amity Realty explained how the wave of property buying by foreign investors has significantly impacted the Miami Real Estate Market. According to a recent research, Miami is a top real estate destination for international buyers in the US.

In 2012, 35 percent of all foreign buyers in Florida came from Latin American countries with the vast majority purchasing properties in South Florida, according to a survey conducted by Florida Realtors. Another strong group of buyers are the Russians, who represent 10 percent of the real estate market in Miami.

In the study Amity Realty discovered that foreign buyers are turning to Miami real estate because, in comparison with major markets in Europe and Brazil, Miami beachfront condos are relatively inexpensive. For instance, prices in Downtown Miami, at around $1000 a square foot [2012], compare favorably to the best areas in Rio de Janeiro at $2000-3000 a square foot.

Cash-rich Latin American and Russian buyers spur demand in Miami luxury real estate market since they are mostly attracted to high-end oceanfront properties. This in turn has induced Miami real estate developers to change their concept of marketing and financing condos. A pay-as-you-go model, which is widely used in Latin America and Europe, requires buyers to pay up to 80 percent of the property’s final price before construction is completed as opposed to the standard 40% deposit.

“Developers we have spoken with continue to be optimistic about the future of the market,” said Lana Kandeeva, PR Marketing Assistant for Amity Realty.

About Amity Realty: Amity Realty is an international network of real estate professionals in US and Europe with extensive experience in delivering unparalleled real estate service to a discerning clientele. Amity Realty in Sunny Isles Beach consists of passionate team of real estate professionals specializing in luxury waterfront residential and commercial properties in South Florida. For more information or to inquire about properties visit Amity Realty online at www.amityrealtyusa.com or contact at info@amityrealtyusa.com

Contact Information:
Amity Realty
Julia Longman
786-220-2512
Contact via Email
www.amityrealtyusa.com

Read the full story here: http://www.pr.com/press-release/533763

Press Release Distributed by PR.com

Source: PR.com

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

Syria ensures medicine supplies for chronic diseases
Damascus, Oct 31 (IANS) Despite the nearly four-year crisis and the suffocating economic sanctions against Syria, the health sector in war-torn country is still able to secure medicines for the chronic diseases free of charge, health officials said Thursday.
 
 
China's aid to fight Ebola arrives in Ghana
Accra, Oct 30 (IANS) Chinese medical supplies and equipment to aid Ghana's fight against the outbreak of the deadly Ebola Viral Disease arrived at the Kotoka International Airport in Accra late Wednesday night.
 
 
EU lifts decade-long economic sanctions on Zimbabwe
Harare, Oct 30 (IANS) The European Union (EU) has lifted its decade-long economic sanctions on Zimbabwe in a move that will see the trading bloc extending 234 million Euros (about 300 million dollars) to support programmess in the country.
 
 
World Bank pledges more funds for Ebola flight in West Africa
Accra, Oct 30 (IANS) The World Bank announced Thursday an additional $100-million support package in its Ebola response activities for three West African countries ravaged by the epidemic.
 
 
 

Latest from the Network

11 held for digging women's graves for 'ghost marriages'
Beijing, Oct 30 (IANS/EFE) Chinese police have arrested 11 people for allegedly digging up dead women's bodies from their graves to sell them for rituals known as "ghost marriages", Hong Kong's South China Morning Post...
Read more on Politics Balla
 
Argentina's Congress passes energy-overhaul bill
Buenos Aires, Oct 30 (IANS/EFE) Argentina's lower house of Congress, controlled by President Cristina Fernandez's allies, gave final approval Thursday for a new Hydrocarbons Law that was harshly criticised by...
Read more on Politics Balla
 
UN chief seeks help against female genital mutilation
Nairobi, Oct 30 (IANS/EFE) UN Secretary General Ban Ki-Moon called on the media Thursday to speak out and help put an end "within this generation" to Female Genital Mutilation (FGM), a practice suffered by 130 million...
Read more on Celebrity Balla
 
Over 9,000 kg marijuana seized in Tanzania
Arusha (Tanzania), Oct 30 (IANS) Tanzanian police Thursday said they have seized 9,102 kg of marijuana in an ongoing crackdown operation in northern part of the country. The seizure follows an operation carried out in...
Read more on Politics Balla
 
China's aid to fight Ebola arrives in Ghana
Accra, Oct 30 (IANS) Chinese medical supplies and equipment to aid Ghana's fight against the outbreak of the deadly Ebola Viral Disease arrived at the Kotoka International Airport in Accra late Wednesday night. The...
Read more on Business Balla
 
US 'deeply concerned' about Burkina Faso situation
Washington, Oct 30 (IANS) The US is "deeply concerned" about the deteriorating situation in Burkina Faso resulting from efforts to amend the constitution, the White House said Thursday. "We believe democratic...
Read more on Politics Balla
 
Israeli PM calls for halt to incitement
Jerusalem, Oct 30 (IANS) The world must end its silence and condemn "Palestinian incitement" that fuels violence in Jerusalem, Israeli Prime Minister Benjamin Netanyahu said Thursday, hours after a Palestinian gunman...
Read more on Politics Balla
 
Mozambique's ruling party wins general elections
Maputo, Oct 30 (IANS) Mozambique's electoral authorities Thursday announced Filipe Nyusi, the candidate of the ruling Frelimo party, as elected the fourth president in general elections since the country gained...
Read more on Politics Balla
 
EU lifts decade-long economic sanctions on Zimbabwe
Harare, Oct 30 (IANS) The European Union (EU) has lifted its decade-long economic sanctions on Zimbabwe in a move that will see the trading bloc extending 234 million Euros (about 300 million dollars) to support...
Read more on Politics Balla
 
Chris Hemsworth wants to raise kids in Australia
Chris Hemsworth wants to raise his children in Australia. The 'Avengers' actor is keen to return to his home country with wife Elsa Pataky and their kids India, two, and twins Tristan and Sasha, seven months, after...
Read more on Celebrity Balla