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Economy
Covid Economic Impact creates great real estate investment opportunities to Miami
Miami is one of the most sought after real estate markets in the world to investors since it is a tourism and business magnet. For quite a while real estate prices kept going up, and some experts even thought the market was overvalued, specially in some high luxury areas such as Brickell and Sunny Isles Beach.
With the economic impact of Corona virus, prices have significantly dropped and today Miami is what Americans call a buyers’ market.
Thuany Lauria, a real estate agent with a lot of experience in this area explains that this is the perfect time for those who are interested in investing, and both banks and mortgage companies are offering great deals to buyers and very low interest rates.
She cites as an example the spectacular penthouse In Sunny Isles Beach pictured here: “this three floor penthouse in one of the most prestigious areas of the city, with rooftop, jacuzzi and bbq area, panoramic views, kitchen designed by Ferrari, four suites and more than 7,000 square ft of space, was valued at over $5 million dollars, and today it is on sale for $2.8 million, almost half the price. An incredible opportunity for those who have buying power and want to invest in real estate.”
For more information about this property or other opportunities:
Thuany Lauria www.theamericanrealtor.com
Instagram @theamericanrealtor
Email [email protected]