Home Buying in Miami>Question Details

Efi, Home Buyer in israel

information regarding down town miami

Asked by Efi, israel Tue Oct 14, 2008

I would like to receive information regarding down town Miami - how the sub prime influenced on this area, who lives there today (families, young people),the present situation in the rental market, and any other information regarding this area.

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Dowtown Miami offers many fantastic options. Brickell Avenue is just over the bridge and is a very desireable destination. Downtown Miami offers international business, finance and new luxury residential condominiums.

Many families, singles and couple find Downtown to be a great home- South Beach, Coconut Grove and Miami Beach are just minutes away. The sub-prime mortgage mess did leave some devastation in the upward swing of Dowtown. That is to be expected; several new buildings were built and a few were left for future development (perhaps). There are many great deals because of the surplus in inventory. Dont think for a moment that the renatl rates are cheap!
0 votes Thank Flag Link Tue Oct 14, 2008
Hello Efi,
In Downtown it's mainly jung professionals who live there,during the Real Estate Boom there have been many brand new constructions and today you can find a Condo for half of yesterday's prices.
How fast you'll be able to rent? That's hard to say it depends also in what Building.
I did a search on a specific building and the average days on the market was 38 days.
Need any other informations ? Please contact me.
0 votes Thank Flag Link Tue Oct 14, 2008
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