This article by OPP Connect editor Adrian Bishop was originally posted on OPP Connect. Prime property in Miami Beach is fetching up to $50 million, says an international agent. Overseas buyers from Latin America, who are looking for secure investments are most active, says the Engel & Völkers agency. Thanks to rising prices and sales, Engel & Völkers in Miami had a record financial year. The E&V shops in Miami Bal Harbour, Miami Beach, Miami Brickell and Miami Key Biscayne secured sales in 2013 worth $300 million, up 150 percent from 2012. Oliver Ruiz, managing partner at all four shops, explains, “The property market in Florida and in the USA as a whole has recovered considerably from the financial crisis. At the same time, the upturn on the market in Miami has...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.