- Posted January 13, 2014 by
New Yorkers Increasingly Buying Miami Real Estate
New Yorkers have always been strong buyers in the Miami real estate market, but they seem to be making their presence known now more than they have in recent years. According to reporting in BizBrag, the share of buying done by New Yorkers has gone up from 10% to 25% in the last year.
While Miami may have an affluent real estate market, it is still generally more affordable than New York City. This makes Miami very attractive to affluent New Yorkers who are looking for something that is definitely a luxury property but who don’t want to pay New York prices for it.
Culturally, Miami and New York do have a lot in common. Everything from upscale shopping to theaters, restaurants, and most anything else can be found within walking distance of many of the most prestigious developments in the Miami area. Miami is an enormously diverse city, something that New Yorkers are sure to appreciate given that New York is so famous as a center for business and culture.
Like much of the rest of the country and nations beyond, New Yorkers are discovering what Miami real estate has to offer. Whether one is looking for a very exclusive place to call home or wants to live somewhere that is casual, but still very luxurious, Miami makes that possible. With so many New Yorkers entering into the real estate market, there is yet another sign that the real estate market in Miami is vibrant and picking up once again.
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