The South Beach Condo Market Is Hot
Living in Miami for the last 17 years, Bryan Halda has an intimate knowledge of the area and it’s attractive real estate. Of course, many parts of South Florida are experiencing an incredible boom in growth and investment, so when it comes time to decide where to live or invest, it can be a difficult choice. One area of South Florida real estate that has been attracting a great deal of attention is South Beach. Condos in South Beach are a particularly attractive buy and an ever-growing source of national attention.
South Beach is located on an island off the Florida coast, and is accessible by way of four causeways. It’s a vibrant area full of city life, tucked between the ocean and the bay, attracting countless tourists year-round. Anyone who has visited South Beach can attest to the fact that it is one of the most breathtaking places on the planet. Chock full of restaurants, retail, and the arts, it hosts a plethora of major events that attract people from all over the world.
The sophisticated appeal of South Beach has made it particularly popular among international residents and investors. Those who call the area home take pride in the level of diversity and worldly flair. The strong base of celebrity activity in the area makes it even more attractive. As LeBron James once so famously said, “I’m going to take my take my talents to South Beach.”
Of course, potential buyers need more than just cosmopolitan sentiments to relocate. They’ll be happy to learn that the market has remained notably strong and secure, even throughout the economic downturn of a few years ago. Now, selling prices are closing in on record levels, with many properties being purchased with cash.
All of these factors have led to a stable environment for high-end luxury condos that continue to appreciate, encouraging further confident investment. Rental properties are being met with huge demand, and inventory is filling up fast.
For an extensive listing of South Beach condos, visit The Halda Group’s website. In the meantime, check out the video below for a great taste of life in South Beach.