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Home / Home / Forget New York or San Francisco, Chinese investors are looking at balmy and cheaper, Miami

Forget New York or San Francisco, Chinese investors are looking at balmy and cheaper, Miami

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Part of the skyline of the City of Miami, Florida in the U.S. on Sept. 15, 2016.Joe Raedle | Getty Photos
A part of the skyline of the Metropolis of Miami, Florida within the U.S. on Sept. 15, 2016.
Fucci mentioned decrease costs in comparison with long-standing funding havens like New York, San Francisco and Seattle assist preserve Miami within the combine for actual property investments from China.

Upcoming growth tasks are additional attracting Chinese language demand. Swire Properties is growing Brickell Metropolis Centre, which can embrace complicated of luxurious condos, workplace buildings, lodge and a shopping mall.

Such elevated international demand has been blamed for pushing property costs larger previously, and has compelled native governments to introduce cooling measures. However Fucci believes Miami’s property market remains to be within the rising stage.

“I believe that Miami has plenty of rising as much as do and there is nonetheless plenty of room for progress in Miami,” she mentioned. “The actual property market is a long-term play not only a short-term.”

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