August 30, 2012
Many Europeans have decided to venture out to the sunny side of South Florida to purchase the luxury oceanfront condos available here. Luxury waterfront condos in Miami are a good investment these days and they offer the perfect vacation get away.
Luxury homes in London and Paris are much more expensive than the luxury oceanfront condos found in Miami Beach. Miami luxury real estate prices have increased over the past year but they are still very low in comparison to other parts of the world. There is also a very good chance that the price of luxury oceanfront homes in South Florida will go up significantly over the next ten years.
Many European buyers have been from France, Italy, England and Spain. They pay in cash, which makes the purchase quicker and a lot easier than dealing with a bank.
A few of the luxury oceanfront towers that have been popular with European buyers are Canyon Ranch Living, Regalia, Mansions at Acqualina and Apogee. The multinational flair of Miami is one of the things that Europeans find so attractive about Miami.
Full Story: Miami Today
