According to the US CNBC website reported on May 26, US real estate brokerage company “OneWorld properties” CEO Peggy Fuchs said on May 25, with the past, Chinese investors keen to buy real estate in New York or San Francisco, and now Miami Is becoming a “cheaper”investors.
Fauci said Dian compared to New York, San Francisco and Seattle long-term investments such haven, Miami real estate prices relatively cheap, which help them become China Housing‘s darling.
In addition, Miami’s upcoming development projects have further attracted the needs of Chinese investors. Currently, Swire Properties Limited is developing a comprehensive development project in Miami called “Brickell City Center”, which will cover luxury apartments, office buildings, hotels and shopping centers.
The report said that in the past people thought that the growth of such foreign demand pushed up the local real estate prices and forced the local government to take measures to limit. However, Fuchs believes that Miami’s real estate market is still in the growth stage. “I think there are a lot of things to grow in Miami,” she says. “The real estate market is not a short – term investment project, but a long – term.