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Old 01-05-2023, 12:20 PM
 
184 posts, read 317,335 times
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Miami predicted to be world’s second-best luxury market in ’23 — Knight Frank



"Don’t expect a deal on a Miami luxury home any time soon. In fact, the high-end housing market is expected to see 5 percent price growth next year, according to a new report.

A global ranking of the top 25 luxury real estate markets by Knight Frank found that Miami will rank second overall (behind Dubai) in the new year, CNBC reported. The report anticipated a cooling luxury market overall, with average price growth of just 2 percent, down from the 2.7 percent previously predicted by the real estate consultancy.

Miami’s luxury market has been booming for more than two years, ever since the pandemic triggered a deluge of high net worth migration and corporate relocations to the Sunshine State. The effect has been unprecedented price growth across the South Florida market. The impact was even greater on luxury home prices.

Waterfront and non-waterfront properties alike set records, and despite a cooling market, pricing has remained steady."


https://therealdeal.com/miami/2022/1...-market-in-23/
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Old 01-05-2023, 01:09 PM
 
Location: Montreal/Miami/Toronto
3,209 posts, read 2,685,782 times
Reputation: 3020
And this will benefit the most unequal city how? Or is everyone here a simp for the ultra wealthy when on the outside looking in.
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Old 01-05-2023, 01:12 PM
 
1,954 posts, read 3,338,326 times
Reputation: 1202
Quote:
Originally Posted by Orionsdolph View Post
Miami predicted to be world’s second-best luxury market in ’23 — Knight Frank



"Don’t expect a deal on a Miami luxury home any time soon. In fact, the high-end housing market is expected to see 5 percent price growth next year, according to a new report.

A global ranking of the top 25 luxury real estate markets by Knight Frank found that Miami will rank second overall (behind Dubai) in the new year, CNBC reported. The report anticipated a cooling luxury market overall, with average price growth of just 2 percent, down from the 2.7 percent previously predicted by the real estate consultancy.

Miami’s luxury market has been booming for more than two years, ever since the pandemic triggered a deluge of high net worth migration and corporate relocations to the Sunshine State. The effect has been unprecedented price growth across the South Florida market. The impact was even greater on luxury home prices.

Waterfront and non-waterfront properties alike set records, and despite a cooling market, pricing has remained steady."


https://therealdeal.com/miami/2022/1...-market-in-23/
Makes sense...amazing city, great weather, great food, great beaches!
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