According to a survey of Miami’s Realtors® on January 2013 by the Credit Suisse Census Bureau, reflecting the current state of the real estate market in the South Florida area:
• Investors continue to dominate the market, but
more traditional buyers are starting to get involved in the action now.
• 5,044 single-family building permits were requested during 2012, ranking Miami at the 21st position in the number of housing starts in the country.
• Prices are increasing very fast and there is a rush to buy, but there are still affordable prices and great opportunities to invest.
• Foreign nationals, out of town buyers, investors and local buyer demand for housing is picking-up very fast.
• 5,044 single-family building permits were requested during 2012, ranking Miami at the 21st position in the number of housing starts in the country.
• Prices are increasing very fast and there is a rush to buy, but there are still affordable prices and great opportunities to invest.
• Foreign nationals, out of town buyers, investors and local buyer demand for housing is picking-up very fast.
