Miami Beach Condo Market looking Very Well

 

 

 

 Saturday, April 12 2008 @ 08:34 AM Central Daylight Time

 

 

BusinessCondo these days in the Miami market isn’t that hot anymore, although the fact that Miami is one of the premiere hot spot for traveling and vacation, the market has go from hype to slow down mode. It is really interesting because there are a lot of condos that are still being built despite the obvious problems that they are having. A lot like what the market has been doing for the state is that it gives it trouble, more and more foreclosures have been listed, a lot of the buyers are not sure if they’ll put their feet into the water and more and more investors and developers are gunning on making more. As if the numbers aren’t enough there are still 20,000 + condo units which are listed and still untouched a few thousand more are being built and a handful of problems are being created. With that being said let’s take a walk on its wild side shall we?

Condo these days in the Miami market isn’t that hot anymore, although the fact that Miami is one of the premiere hot spot for traveling and vacation, the market has go from hype to slow down mode. It is really interesting because there are a lot of condos that are still being built despite the obvious problems that they are having. A lot like what the market has been doing for the state is that it gives it trouble, more and more foreclosures have been listed, a lot of the buyers are not sure if they’ll put their feet into the water and more and more investors and developers are gunning on making more. As if the numbers aren’t enough there are still 20,000 + condo units which are listed and still untouched a few thousand more are being built and a handful of problems are being created. With that being said let’s take a walk on its wild side shall we?

People from all over the world are attracted to the vibrant Miami area and its supreme climate for relocation. Miami condos are also popular among vacationers as well as investors. The Miami condo market is very diverse and offers a large number of different solutions for those interested in purchasing or renting a condo. The recent decrease of the dollar value on the international market has made Miami condos an even more interesting option for many Europeans looking for a home away from home, a place in which to retire or just a good investment. Miami condos are also popular among vacationers as well as investors.

Although all of that is true there are still concerns that the market as it is is making some adjustments. Truth is Miami is still popular, celebrities, sports figures and politician still aims for Miami as their dream escape, the problem is that none of them has yet to commit. Although there are famous people in Miami living in beachfront condos and mansions there are still who are hesitant for now, there are a lot of interest but right now interest can only do you so much. That is why the market is on a slide it’s on an avalanche drop along with residential and housing market they are falling in the same direction and it is fast.

Given the fact the there are numbers of big time companies doing their thing in Miami, building sexy buildings with unique names, endorsing, advertising doing it all, still nothing is changing it’s all in constant movement of idling in the middle. Let’s face it we are in a bust right now and there’s nothing we can do but wait. Is it going to be forever? Nope, so we just hope for a brighter future and hopefully change will take place.

Jron Magcale
http://miamirealestateinc.org

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