The Rental market in Miami

By
Real Estate Agent with Luxury Real Estate Group LLC 3131162

As the economy downturn begins to bite hard into family life and businesses, there is one area that is experiencing an upturn. The rental market in Miami is beginning to boom amongst the doom and gloom of the economy in general. The reasons for this are mainly twofold. People who would like to buy a house a now finding it difficult to secure a mortgage in today's financial climate and so are turning to renting a property as a solution. However, those who have the credit available, or are cash buyers may be waiting until the housing market settles before they buy, and these too are looking (or may be lookin) at renting a property until they can see how the housing market pans out.  This increase demand for single family homes has caused rental prices to rise.

 In my opinion , rent in our properties is up about 10-15% from the last 3-4 monts. There are more listings available than before and the rentals market is getting very busy.

 If you need help with renting your home or investment , you may call me at

305-801-7347 

Let me take care of your rental!

 

Comments (0)