miami beach rentals: Miami posts second-largest rent gain in U.S. - 04/06/12 12:50 PM
  April 05, 2012 03:45PM
Evidently, many of the international investors are snapping up Miami condominium units and are earning growing returns on their purchases.
Rents in Miami increased 12.1 percent between March 2011 and March 2012, the second highest growth rate in the country, trailing only Sarasota’s 12.9 percent gain.
This is attributed to the rising rents in Miami to the increased demand stemming from displaced former homeowners whose properties were foreclosed upon. Also foreign investors have contributed to the buying spree.
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