Miami is witnessing unbelievable price rise for its ultra modern equipped beach condominiums. This never-seen-before price rise has shocked even the savvy real estate developers, who had witnessed the pre-recession and recession times of Miami property market. Many claim this to be the teeming demands of overseas capitalists.
In response to this soaring price rise, Dora Puig, principal of PuigWerner Real Estate Services said, “The luxury market is on fire in South Beach — especially the South of Fifth
neighborhood. It’s moving Miami to totally different pricing points.”
This
is indeed going to give the real estate holders of Miami Dade County a relief.
A relief from the heavy recession that the economy faced in the year 2006!
Since the year in which the economy was encrypted with recession, 2012 was the
year when real estate market of Miami got a rebirth.