Miami is entering a new real estate "boom" fueled by investments chiefly Latin , which has transformed the appearance of the city and having the luxury homes in one of their big hooks .
According to the latest report from Christie's about the luxury real estate market , Miami and surroundings were cast in 2012 between the major markets of its kind in the world , thanks to the widespread recovery in demand and low prices .
" Foreign buyers have been buying luxury properties in Miami as a result of the uncertainty of their currencies , which have often been devalued against the dollar ," he explained this week Ron Shuffield of Esslinger Wooten Maxwell Realtors.
However, Christie's estimated that 55 % of the purchases were completed between October 2011 and September 2012, both months included , were made by residents of Miami and worked investments in primary residences , many in relatively central areas city .
"I've never been a fan of that people move more and more away from the city . Think you should be reunited in the center so you can do everything on foot, as in Chicago , New York or London ," says Jorge Perez, one of the architects of the current design of Miami, where more and more tend to be vertical concentration .
In an interview with Efe, Pérez , president of The Related Group, acknowledged that his company has a great responsibility in this design that begins to characterize Miami , thanks to large apartment buildings where the " penthouses " tend to be fancy , designed to large fortunes who want privacy and good views, but in central areas .
"We 're making . Has created a rather large density in the last ten years on the street before two or three taxis were seen , and are now many and urban transport service is developing and improving," he says.
It is estimated that Miami had late last year over two thousand homes with higher prices million, half that of New York, although the population of its metropolitan area is not even represent a quarter of the New York .
According to Christie's , 70 % of homes purchased last year by more than five million in Miami were paid in cash, a percentage that , although it seems high, it is less than 90% of New York or 100% of Los Angeles .
"Ten years ago , you went to Flagler ( the central street of Miami) at six in the afternoon, shooting with a machine gun and did not give anyone. Miami was a ghost town ," recalls Perez.
"That has changed, defends the promoter . Has not occurred as quickly in any other city in the world change. Ten years have created a 'city' ."
"We have always prided ourselves on being able to see where new areas were . Downtown When we started in the first luxury condominiums people said ' you're crazy , will not live here no ' , but now the city has expanded and now comes to ( what is called ) Midtown and Design District "she recalls.
The company started in Miami Beach and then moved to continental Miami , where " take many risks : start building a lot and have now followed northwards , but are always areas that can be reached by bike ."
"We always have that fear comes another economic depression like that of 2007 , when the market is down because we built too ," says Perez. "We lost a lot of money in that cycle , but it was good for Miami because now the buildings are full ."
In that sense argues that "if it were not for all those buildings we build the downtown Miami would not have grown as it has ."
The " boom" of luxury has meant that prices of homes in Miami and South Florida are already at 2003 levels , after rising by around 11 % last year, and after thirteen consecutive months of annual gains. Even the recorded average rent increases of 15 % yoy.
According to the Case-Shiller index , in South Florida sales prices rose 10 % in 2012 , a senior forward for the first time , which was recorded in 2006 before the bursting of the housing bubble, although prices are still 45% below its record high in May 2006.
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