The Miami real estate market is being seen as one that will experience solid growth in 2017. There are three main factors driving this growth. The first is that the population of Miami will likely grow 6% over the course of the year, and will likely surge over the next 5 years altogether. People continue to be drawn to the weather and great business climate in the state. The second is reason is being called the “Trump Bump” due to his almost weekly visits to his Mar-a-Lego resort and golf course. This is basically free marketing for the Miami area. Based on samuelstrauch.blogspot.com
The third reason is high expectations is that, while prices have rebounded over the past number of years, the area still remains very affordable when compared to other big cities like New York and San Francisco. The part of the real estate market that is really expected to increase this year is luxury housing. One Sotheby’s International Realty’s report said that there is plenty of supply in this segment and an increase in consumer confidence.
One investor in Miami real estate is Samuel Strauch, the Principal at Metrik Real Estate. Strauch has been involved in this market since 2002. He has oriented Metrik to three main areas; equity & development, management, and brokerage. He has expanded the company into also being involved in real estate in several Latin American countries.
Samuel Strauch has been particularly involved working with Mexican nationals who are looking to invest in US real estate. They are looking to protect their assets while also make money from their investments. The Miami real estate market is proving to be a prime opportunity for them to do both. Strauch has commented that Mexicans want to diversify their investments and owning real estate can play a big part in doing so.