Miami is one of the fastest growing real estate markets with great development potential. This was announced at a private seminar in San Diego on the real estate market in Miami, BARNES-Miami CEO Nicolas Bijo.

Miami takes the fifth place among US cities and is the third largest business center. The main source of income for Miami is tourism (the city ranks second in the number of international passengers).

In the last year, a record number of transactions were made in Miami – 15% more than the previous year. As a result, the number of available objects decreased by 18%. At the same time, 2/3 of all transactions take place without attracting credit funds. The increase in property prices averaged 20% (30% – in the high-end sector).

Average prices per 1 m2. in Miami are approximately $ 4,900– $ 6,500. The average cost of elite real estate is in the range of $ 6,500– $ 10,800 per 1 sq.m., the cost of new elite properties is $ 16,000– $ 27,000.

As Nicolas Bijo noted, the potential of the real estate market Miami before the indicators do not reach the maximum of 2007, is approximately 3-5 years. This means that buying real estate in Miami now, you can benefit from a price increase of about 1.5–2 times. Investments in the new elite real estate of Miami can be considered especially reliable in this case.