We’ve noticed that more and more Chinese real estate investors are putting their properties on the market. As the country’s economy has slowed down, so has its real estate market, both the commercial and residential sectors. In addition to investors experiencing declining returns, credit has tightened, demand has softened, and supply has exploded. Now, rumors abound that Chinese property developers are looking elsewhere for better profit margins. To those who are selling their real estate in China, and are considering investing in real estate abroad, we’d like to invite you to come buy in Miami. There are plenty of great Miami properties for sale, many of which will make for solid Miami investments in the long run.
Over the last couple of years, home values across South Florida have made steady gains. Plus, as more and more Miami condominiums have gone up, so has the average rent in Miami. This spells good news for foreign investors who can look forward to strong rental returns. Many foreign investors are already getting in on the action, paying cash for highly sought after South Beach and Brickell condos, some of which haven’t even been constructed yet. Thus far, the majority of these investors reside in South America, with a very large number coming from Argentina and Venezuela. We’ve mentioned before our hope that Chinese investors will soon direct their attention to the Miami Beach real estate market. And, for anyone in China that reads this and has plans to do so, please contact us when you make your way here!