Miami city has continued to be the place to be for luxury lifestyles. Even then, we have to accept that people are still the same kind that get bored by the supply of the same thing over and over again. Since the luxury real estate boom, condo towers have been mushrooming on the South Florida land. In the previous years, anything could do as long as it appears nice on the outside. As things are going, buyers will be looking for much more than the ordinary. Increased inventory and fall out of the Latin America economies automatically leads to soft demand.
Shift to a correction market
Investors who started the many projects on South Florida land had their say during their time. Now, the investors who are going to learn from the already made mistakes will earn more now and in the coming days. Looking at the market such as Bal Harbour real estate and knowing what features are demanded more by the buyers is key to making the perfect investments. It’s a buyers’ market. It’s the people that define what the market should be and not the sellers.
Location is key
In general, Miami is doing great compared to other markets. However, not all locations will be suitable according to different buyers. Some places are however perfect for all. Imagine shoreline living. You have your home up in the air where being on your balcony, the view of the sea and the city is clear and sensational. Miami Beach real estate is hence being saturated with condo towers for that.
It’s where a lot of changes are. As a matter of fact, no one wants to design a tower similar to another. Everybody likes it unique and so do the developers. It’s a battle of who produces the best looking and sustainable designs both on the outside and on the inside. You can expect that architects and designers in Miami are not just any other guys. They are selectively picked and only the renowned ones make it for the top projects as you see at Sunny Isles condos for sale.
Record breaking auto lifts
Elevators are known for use by people. Only in Miami are elevators used by both people and their cars. And you can imagine it’s a short distance. The lifts go up to the furthest level having about 70 floors. The Porsche design tower Sunny Isles has really hit the market with a bang. Of course people are looking for such a feature to make a record breaking purchase as well.
Under this category it’s where investors are making their money. All sort of amenities that make people happy are being installed in both single family luxury homes and condos. These include elevated tennis courts, swimming pools, spas, gyms, libraries and so much more.
It’s the Miami condos for sale with special features that will receive more demand.