Originally published in my Miami Condo blog on 19 September 2007.
I was searching for reading material online today and came across an article that mentioned the Miami condo market. This article presents and interesting scenario from across the pond in London. I'll just quote the article to get it right:
On my frequent travels to the U.K., I am often asked for real estate tips from Londoners who want to buy a piece of the American dream. Who can blame them, since we are willing to sell our dreams so cheaply? It seems that the collapse of real estate prices in southern Florida, especially in Miami, is attracting quite a bit of interest from Europe and the U.K. After all, a flight from London's cold winter to sunny southern Florida takes just nine hours. Now that one Great Britain Pound is worth nearly twice the value of a U.S. Dollar, and there is a glut of available condos in the Miami area, expect to see more of our friends from the U.K. at the beach next year.
See you at the beach!
Comments(0)