the city of miami continues to position itself in the real estate market with the construction of several condominium projects to the point of being considered an “overdemand”, assured the real estate expert, broker Enrique Chavier.
By MiamiDiario Newsroom
In an interview for Miami Diario Live, Chavier pointed out that current home buyers in the city of Miami are people interested in "living it" and not in making the purchase with the business purpose "that it increases in value immediately, that it has a great return".
According to the broker, excess inventory in Miami allows buyers to negotiate real estate prices, which attracts buyers from cities like New York where a square meter of construction has a value of 2000 dollars, while in Miami it can be obtained for 800 dollars and finally in Orlando the cost per square meter is 200 dollars.
Chavier maintains that in the city of the sun «prices are not going to go up dramatically in the next three years, a lot of people want to move to Miami. The Orlando market is very well positioned for investors as investment is expected to grow and the prices are below those in Miami.”