According to experts in Miami architecture and real estate investors, buyers from all over the world consider an investment in the Miami pre-construction market to be a wise one. The luxury pre-construction market in Miami Beach and South Miami is a secure investment that exemplifies the relative stability of the South Florida real estate market even during the economy dips and dives that occurred during 2015 and 2016. Consequently, people from places like Europe, Latin America, and Canada are investing in the city with exciting results.
A Ground Floor Investment
By investing in preconstructed properties visitors and buyers are getting the best possible deal when compared to the post construction properties. Even though Miami has a large number of luxury properties on the market, buildings are steadily being developed and people are taking advantage and saving money. A surprising number of Canadian investors, looking to enjoy the extravagant luxury of Miami, are in vesting in on going developments in staggering numbers because of the deals they get on property.
Quick Return on the investment
Because there is such a high demand for condos in Prime Miami Locations, investors don’t have to wait long to see an actual return on the investment, as they would if they had bought the property after it was constructed. Along with Miami’s cuisine, particularly of the Cuban variety, it is typically easier for an investor to sell or rent a new condominium. This is especially true in the festive and kinetic South Miami culture and spirit, where extravagant restaurants with five-star ratings are the norm.
Taking in the sights, sounds, and rhythms of South Beach from a luxury apartment or condo has become a goal for ambitious local investors. Miami’s many assets add value to the local apartments and real-estate in terms of investment opportunities, so it’s no surprise that foreign investors flock to Florida to buy into South Miami.