In 2013 property purchases from outside of the US amounted to $68.2 billion; Miami is one of the premier destinations for foreign buyers. The plentiful supply of beachfront property is just one of many reasons for the interest.
So will the Bubble Happen Again?
With the real estate market growing again there has been some concern that the bubble effect will happen again and the burst will follow. There is an important difference this time around, cash is king.
If you are looking home to buy or rent in Miami then contact Imperial Real Estate Group.
Visit us : http://goo.gl/gX4pYH
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