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Miami Beach Luxury Market Remains a Safe Choice


September 14, 2016

The critics may suggest that the current trends in the South Florida real estate market reflect adverse effects, but if the attention from foreign investors and U.S. cities is any indication, Miami Beach remains a secure and stable place to purchase high end real estate. In fact, you may have read about the surge in interest from Turkish and Chinese investors as well as the Latin American interest among those seeking a primary or secondary home due to economic and political unrest.

European entrepreneurs that once considered Miami Beach a vacation destination are now seeing it in a different light as a permanent place to call home. Here in the United States, the Northeast is increasingly viewing the barrier island as a spot to enjoy the “encore” years.

These buyers seeking a permanent, second, or even third home have several items they take into account, beginning with—you guessed it—location. As prime luxury waterfront property becomes harder to find, location is still a top priority among clients. Other important factors include amenities, which are increasingly important as developers seek to provide residents with a living experience that emulates what it’s like to stay at some of the finest luxury hotels. Wellness centers and in-room dining are a pair of examples of amenities that developers are now including.

This update is presented by Miami Beach Realtor Tim Allen of Blackstone International Realty, specializing in Continuum South Beach.  If you are interested in Miami Beach condos such as the Continuum condos for sale, call Continuum expert Tim at 305-588-2451 for information on sales and rentals.