Miami Real Estate 2016

Miami Real Estate 2016

USA Today Miami Real Estate

Every time the Argentine or Brazilian economy takes a plunge, Miami real estate agents see a wave of people flying north looking for a safer place to invest their money. Whenever global oil prices fall, Russians and Venezuelans start showing up. Vacationers from Europe buy properties to serve as winter retreats.

"And there's now for the first time quite a lot of activity coming from Asian buyers, especially Chinese," Foley said.

One clear indication of foreign purchases is the number of Miami homes being bought with cash. As much as 70% of total home purchases in the Miami area were cash sales in March 2012, according to real estate research firm CoreLogic. That was down to 58% in December, but still well above the national average of 35.5%.


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http://www.usatoday.com/story/news/world/2015/05/31/miami-real-estate-foreigner-money/26245513/

, USA TODAY1:13 p.m. EDT May 31, 2015 


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Phone: 786-229-8009
Dated: January 26th 2016
Views: 303
About Gustavo: PROFESSIONAL QUALIFICATIONS • Florida Licensed Real Estate Broker – Owner of Terrabella Realt...

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