Brazilians are back in South Florida real estate, this time as investors. Amid political and economic instability, buyers from Brazil are picking up investment properties instead of second homes, Bloomberg reported. Brazilians, who held the title of top foreigners searching for South Florida real estate for a consecutive 17 months, fell off the top five...
Moishe Mana secures approval for 9.7M-square-foot project in Wynwood in Miami
Moishe Mana’s vision for a massive cultural, arts, workplace and housing center in Miami’s Wynwood neighborhood can now take shape after the Miami City Commission approved the project Sept. 8. It took one more compromise to make the deal happen. Mana Wynwood would be one of the largest development projects in South Florida at 9.72 million square feet. It would...
Your guide to Miami condos: what’s new, planned, and under construction
Over the next several years, Miami’s condo market, already nearing a full year’s supply, will get an injection of thousands of new units. And thanks to the Miami Downtown Development Authority’s 2016 Market Insights report, we now have a clear look of what condo projects are planned, what’s under construction and what has recently been completed in the area...
With shortage of homes, today’s buyers turning more to fixer-uppers – Sun Sentinel
Buying the perfect home that’s move-in ready may be more elusive than many people think. A shortage of quality listings is forcing some South Floridians to buy lesser homes and renovate. While home renovations are nothing new, today’s buyers are struggling to find exactly what they want, so they’re lowering expectations and rolling up their...
Miami new construction is holding pace in 2016 Miami home prices continue to climb
The Miami new construction market continued its solid 2016 performance in July, according to new numbers from Dodge Data & Analytics. In July, Miami saw more than $854 million in total residential construction spending, a pronounced 18 percent decline from July 2015. Year-over-year numbers, though, are notoriously erratic, and indeed, Miami’s year-to-date...