luxury condo: Miami welcomes tax refugees - 02/14/19 11:50 AM
Everyone has been talking about the Tax Cut and Jobs acted signed by Trump at the end of 2017. A growing list of wealthy buyers are now moving and investing in South Florida because of this new law, looking for a tax break.
 
That’s right! South Florida, especially Miami, is not just a paradise with endless sunshine… It is also a refuge for residents living in high tax areas such as New York or California. But why are Northers trying to run away from taxes now, as we know they have always been high? Mainly because after the approval of the “TCJA”, … (2 comments)

luxury condo: THE MOST EXPENSIVE PRICE TAG IN FLORIDA'S REAL ESTATE - 01/04/19 10:24 AM
Miami's luxury condos have always been recognized by their extravagance, elegant design, exclusivity and not to mention, their price. 
The boutique Faena House condo in Miami Beach, built by the developer Alan Diego Faena is the perfect example of that description!
This 18-story tower located at 3315 Collins Avenue, offers an extensive and unique list of amenities such as, an oceanfront fitness center, a lounge and play room for kids, private beach and a beach club, a private spa with steam and sauna, smart building technology, 2 pools, and much more! With 47 units and only 4 per floor, the privacy is one of the main … (1 comments)

luxury condo: Do you want to know Miami's most expensive Airbnbs? - 11/29/18 11:00 AM
 
We all know Miami is a city of luxury and comfort, and some short term rentals are a clear proof of it!
 
Visitors come to Miami expecting more. More than what they are used to. In other words they are looking for extravagance. Everything starts with a short term rental. For short term rentals, the market has expanded into a bunch of new platforms that broke the monopoly of the hotels. The first one that tops our mind is obviously Airbnb. 
 
According to the Upgrade Points analysis, Miami has an average price for the most expensive Airbnbs of $10.000 per night, putting the city … (2 comments)

luxury condo: Stormy weather for developers - 07/20/18 08:27 AM
Miami condo’s supply are growing in numbers. In the year 2017 alone, 14 condo projects were delivered which includes high-profile projects such as Four Seasons Residences at The Surf Club, Louver House, Echo Brickell, Biscayne Beach, Brickell Heights and many more. Some of these projects were sold 100% before the completion date and some sold poorly.
For example, Biltmore Parc sold only 34% of their inventory while Four Season Residences at The Surf Club sold 49%. These developers are still looking for buyers past the project delivery and now, they are competing with their own buyers. In one instance, a buyer who … (1 comments)

luxury condo: Why luxurious properties are having a big price cut? - 01/05/18 02:04 PM
There are two facts that you should know before setting a price for your luxury property: A) there is an oversupply of inventory and B) there is a shrinking pool of buyers. According to a Douglas Elliman report, there is a 53-month supply of luxury condos. This is a stark contrast when you compare it to the 5-month supply of homes that are selling for $500,000 or less.  
Furthermore, it is no longer a secret that the number of buyers are shrinking. Foreign economies are cooling down and buyers who came from Latin Americans countries are seeing their currency dropping. It … (2 comments)

luxury condo: WHY THE LOCALS ARE MOVING OUT OF MIAMI? - 04/06/17 02:08 PM
South Florida’s growth was linked to an internal migration as well as a foreign one. Americans used to choose South Florida as a retirement heaven or a new place for a fresh start. They used to flood this region but nowadays the trend has changed and locals are moving out from Miami. The region is still growing but only thanks to foreigners, especially South Americans moving here. Considering the census done in 2010, South Florida is the fastest growing area in the US followed by Los Angeles, Washington DC and Phoenix.
Why residents decided to leave the region?Why are they looking for … (0 comments)