Now Is the Time to Buy Real Estate in Miami

Now Is the Time to Buy Real  Estate in Miami

One of the most popular locations to buy property is the Miami Beach area. An article in The Real Deal informs us that this is true because people are buying properties at a faster rate than in other locations. Generally, this causes purchase prices to rise, but the prices in Miami Beach are appreciating at a slower rate.

Miami Beach real estate is still offering investors unbelievable value for their dollars, and they thought that this was the case during the past four years when purchase prices were increasing. Now that purchase prices are appreciating at a slower rate in this highly desirable area, more people are expected to show an interest in buying Miami real estate. 

To demonstrate that the Miami Beach real estate market is exploding, The Real Deal’s article stated that condominium sales went up by 21 percent from August of 2012 to August of 2013. A similar occurrence transpired in the single-family home market where the sales for these properties increased by 38 percent.

Homes in this area were always the domain of the wealthy in the United States, but interest is spreading to the rest of the world. For example, the French and the Canadians have been stepping into this market in increasing numbers this very year. Experts believe that it is because the French find the tax climate to be much more inviting that the one in their own country. Canadians appear to like the weather in southern Florida much more than they enjoy winters in Canada.

With so many people in search of the most luxurious properties in Miami Beach, Sunny Isles Beach and Bal Harbour, you are going to need a realtor to help you find the perfect property for you and your family. Miami realtors can locate the exact property that you seek, but they can also help you obtain it for the most advantageous price.