Admin

On the Spotlight: Miami Condos

By
Services for Real Estate Pros with Miami Angel Properties

Miami is such a popular city due to a variety of reasons. It is a top tourist destination because of its pristine beaches. Investors flock to the area due to its significance in finance, commerce and international trade. The city is also highly sought after by retirees because of its natural beauty and its ideal climate and weather condition. Miami has also been widely regarded as one of the most livable cities in the United States.

Dubbed as “The Gateway to the Americas”, Miami has gone through a lot of changes as it has become the fourth largest urbanized area in the U.S., behind New York City, Los Angeles, and Chicago. But one striking change that you would surely notice is the emergence of condos across the city over the past couple of years. Miami condos generally serve a two-fold function: they are a goldmine for investors and they have become the homes of people who really love to live in this amazing city. That said, a Miami condo is the answer whether you are looking for a great investment or you are searching for a nice place to stay in Miami.

As for those who have their minds set on living in Miami, each one has their own different reasons. But for enterprising individuals who are bent on investing in the city, the current trend is to purchase condos, from those located downtown to the more affluent Miami beach condos. Numbers don’t lie and recent statistics show that there is an increase in demand for condos which subsequently spurred the construction of more condominiums and the conversion of other properties such as apartments into condo units. All these make investing in condos quite lucrative indeed. Moreover, the trend of increment in the value of Miami condos has been 25% annually for the last several years.

With the surge in demand, looking for condos these days is not as easy as a walk in the park, nor is it risk-free. As you ‘shop’ around for condos, you will be run into different types of people with different agenda, and some may have ‘not so good’ intentions. So for investors and home buyers alike, the key is to always be on guard against scammers who are quick to pounce on the high demand for Miami condos. Overall, there is plenty of condos in Miami that you can choose from. Do your homework and conduct some basic research about the market or hire a credible agent and you're off to a good start to finding that condo as your home or the investment that you’ve always wanted.

Posted by

Marc Knight, P.A.
Licensed Real Estate Agent
Miami Angel Properties LLC
www.miamicondoshop.com
305.982.7534  Office

Show All Comments Sort:
Kymberly Caldwell-Muniz
(909) 973-0410 - Fontana, CA
TCR Group Keller Williams Realty Rancho Cucamonga

Hello Marc, thanks for the Miami information. If I ever get to that area I will check them out. If you have any clients that are looking to relocate out so San Bernardino County in California send them my way for a referral.

Jun 14, 2010 03:52 AM
Akali D.
Tropical State Mortgage (TropicalStateMortgage.com) - North Miami Beach, FL
FHA Loans -- FHA Mortgages -- TropicalStateMortgage.com

Nice article regarding condos and highlights valid points.  Thanks for sharing.

Jun 14, 2010 04:04 AM