Categorized | Featured, International, Investing

Foreign Investors Pouring into Miami Real Estate

Foreign Investors Pouring into Miami Real Estate
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There’s an influx of real estate investors from China, Mexico and India for the Miami Home sales that are pending which has been up 13% since April 2011.   The Miami Association of Realtors reveals that the current cumulative home sales which are pending are showing signs of improvement. There are visible changes in the market and that has been attracting new investors from China, India and Mexico.

According to the facts on ground; the total number of listings increased by 12% in the month of April. This includes condominiums and single family houses.  The total cumulative pending sales are also increasing in the Miami deals.  According to Jack H Levine, the current chairman of Miami Association of Realtors, there’s strong indications of   improvement in the overall market despite the fluctuations noticed in the previous months.  According to him, there’s going to be tremendous improvement in the home sales as the year runs by. Lots of foreign and local investors are expected to have unique shares in the market as the year flies.

Again, the total cumulative pending sales of properties such as condominiums and single family homes are on the increase.  The pending sales are now 8.3% higher than what it was last year. The sales are also 47% than what they were in the previous month.

Finally, there’s a real improvement of global interest in the real estate market.  The Miami Association of Realtors is of the view that the interest of many foreign investors is sure to be on the increase for   a long time since the market is actually improving.

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About Nancy Raven

Nancy is the main writer for the International section of the website. Sometimes she also helps Drew out on the Finance/Mortgage section as well.

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