Condo owners in Miami are very aware of the drop in value of their homes. The reason being is that Miami has an overload of preconstruction developments, many foreclosures and no buyers. On the bright-side there are still many Miami condos that can be purchased at the lowest cost in years. This is good for those who want to purchase Miami property. The drop in pricing is also causing home owners to be reluctant to sell.
The Icon Brickell is one of the largest developments in Miami. In the third tower of Brickell Miami prices have dropped significantly to below 50% of the regular cost years ago. Now the prices are back up to $420 to $800. This show that the real estate market is once again coming back to normal although many prices still remain low and values have dropped.
The Related Group looks to buyers from South America to invest in the units that are available because of these still low prices Icon Brickell is one of the most luxurious condominiums in Miami Beach. Miami Icon Brickell condominium for those who want to be in the heart of the city.
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