Foreign Investment Boosts Apartment Sales In Miami

Sales of apartments in Miami were up 2.2% year on year according to the latest data released by the Miami Association of Realtors. According to global property investment consultants Colordarcy.com much of this demand has been driven by increased foreign investment.

Loxley McKenzie, Managing Director of Colordarcy.com comments, “The United States’ economy has been in recovery for some time now and this has helped sustain the exceptional property price growth we have seen in major cities.

What has been good news for America on the other hand has meant the opposite for other emerging economies. Investment has been steadily moving away from emerging markets, back to the US as the Fed has drawn back its stimulus programme which had created something of a boom in those emerging economies.”

According to analysts at Colordarcy, real estate in Miami has proved to be popular with Asian investors, particularly from China, as well as South American investors where Miami has long been a favourite holiday and investment destination.

Despite prices rising in double digits for the past three years, Miami apartment prices are still below those of California and New York with the promise of a far better return on investment according to Colordarcy.  

The median price for an apartment in Miami rose 12.9 % in 2013 (Source: Miami Association of Realtors). This say Colordarcy is great news for investors but not so good for home buyers who are struggling with higher interest rates on mortgages.

McKenzie added, “If property price growth begins to settle down in Miami from the 20% rises per annum we have seen in recent years – as some analysts are predicting – then this will come as a result of less demand on the domestic market rather than from foreign investors. Those who end up being priced out will be looking to rent instead, which should push up the returns on tenanted property in Miami.

The other exciting thing to point out about Miami is that most apartment sales to foreign investors (71%) are all in cash rather than financed. This means that there is less chance of a bubble forming as a result of too many investors borrowing to buy property as has been the case in the past.  

Notes to the editor:

Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Their aim is to provide their clients with properties that offer the unique combination of strong growth returns and cash flow positive income.
Investing in positive cash flow property significantly reduces the risk because the property will pay for itself regardless of market conditions, employment status or other financial commitments.

Colordarcy provides complete support before, during and after a sale, including finding tenants, financial assistance, viewing trips and currency services. Colordarcy are proud members of the ‘Association of International Property Professionals’ (AIPP), and abide by its code of conduct, one established to protect the buyer, by ensuring members follow professional guidelines and procedures.

Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
For more information, supporting pictures or logo artwork, please contact:

Brett Tudor
PR Manager

Tel: +44 (0) 207 100 2393
Email: [email protected]
Web: https://www.colordarcy.com/

Colordarcy Investment Ltd
28 Leman Street
London
E1 8ER

Notes to the editor:

Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Their aim is to provide their clients with properties that offer the unique combination of strong growth returns and cash flow positive income.

Investing in positive cash flow property significantly reduces the risk because the property will pay for itself regardless of market conditions, employment status or other financial commitments.

Colordarcy provides complete support before, during and after a sale, including finding tenants, financial assistance, viewing trips and currency services. Colordarcy are proud members of the “Association of International Property Professionals” (AIPP), and abide by its code of conduct, one established to protect the buyer, by ensuring members follow professional guidelines and procedures.

Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida and the United Kingdom.

For more information, supporting pictures or logo artwork, please contact:

Jill Stevenson
PR Manager

Email: press(at)colordarcy(dot)com

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