May 14, 2014
In 2013, Miami was listed as one of the top 10 luxury residential real estate markets in the world for the second consecutive year. Other cities on the list include London, Cote d’Azur, Hong Kong, Los Angeles, New York City, Paris, San Francisco, Toronto and Sydney.
The Miami real estate market stands out due to the city’s culture, weather and overall value. On a global scale, luxury homebuyers get more for their money in Miami. The average price per square foot of a luxury property remains comparatively low, and wealthy buyers are attracted to Miami’s vibrant lifestyle and the lack of state income tax.
Luxury Miami homes sold faster in 2013 than in 2012 and 2011. Affluent homebuyers are flocking from Latin America, Europe and other parts of the United States. People who can choose to live anywhere in the world are picking Miami.
Miami is projected to remain one of the world’s top luxury residential markets for the foreseeable future. To learn more about luxury homes and condos in Miami, contact Niki Higgins at +1-888-242-4422 or +1-954-817-2500.
Source: Miami Today
