Miami property market 'hotting up'

Reports have suggested that the property market in Miami is "definitely heating up".

In an interview with Overseas Property Professional, Marie-Charlotte Piro of MC2 said that there had been an increase in the number of international buyers looking for real estate in the region.

"We're seeing a surge of interest from international buyers who appreciate the South Florida climate and lifestyle as well as the potential of appreciation in real estate values going forward," she said.

"And, of course, 'location, location, location' is still the real estate mantra, with waterfront properties commanding better prices and moving at a quicker pace."

Meanwhile, Property Frontiers recently claimed that now is the ideal time to buy property in Florida.

The market has been in a steady decline ever since the boom years of 2006-07, with residential home values falling to levels previously seen a decade ago. Savvy investors have been quick to see the opportunities which exist in the market and many are taking advantage of cheap prices.

Like this? Then share with your friends and colleagues!