Many home buyers in Miami will only setlle for ocean front properties. When purchasing Miami ocean front condominiums there are a coupe things to know. Prices of ocean front property will always have the highewst price tag no matter where the real estate market is headed and will always have the most value. If making an ocean front purchase is a must then purchase in locations such as Sunny Isles, Miami Beach and Ocean Drive. These locations tend to hardly see prices drop.
Miami Beach has been the area least affected by economy. Many of the real estate buyers we have been experiencing are from foreign countries. If the prices go down just a little buyers will come. Foreign buyers come simply for one reason investment. People from Venezuela are purchasing homes here because of the Chavez effect.
Our economy is recovering and soon prices will begin to go up again. Time is running out to purchase a Miami Beach Condo. Those who purchase homes mostly in cash will be doing themselves a huge favor. Its time to get in any deals that are on the table for Miami Beach condominiums before they are gone.