DOWNTOWN: THE FUTURE OF MIAMI
According to the Miami Herald Study, Downtown is voted as the best place for young professionals. Let us analyze the neighborhood's statistics.
Overall, Downtown area remains stable over the past 2 years. For example, Ten Musuem Park and The Quantum has relatively the same number of sales in 2016 and 2017.
However, some condominiums are doing better than others. For example, The 900 Biscayne sold 27 units in 2017 which is more than previous years. Prices per square feet on the other hand have dipped slightly. The 1800 Club decreased from $403/sqft to $360/sqft and The One Miami The One Miami dipped from $413/sqft in 2016 to $377/sqft in 2017.This means that buyers have a greater ability to purchase these properties.
It is important to note that Downtown Miami was voted as one of the best neighborhood for property investment so this is great news for investors who are looking to diversify their portfolio. Let's read a little more about the ranking in the next article.
CAN A HURRICANE HAVE A POSITIVE IMPACT ON REAL ESTATE ?
Hurricane Irma made headline news when it decided to pay the world a visit. It triggered the biggest evacuation in the United States' history. Thus, it is reasonable to evaluate Irma's impact on the real estate market.
Here is the surprise ! There is actually a spike of demand. Short-term rentals have gained popularity mostly due to people seeking refuge after being displaced. There is a surge of people coming from affected areas such as Florida Keys, US Virgin Islands and Puerto Rico. Also tourism for this winter could be redirected to Miami.
People are also migrating back into mainland from the US Virgin Islands or Puerto Rico. This means that sales of condos/houses could be increasing this winter due to a high demand. In other words, Miami real estate is not slowing down anytime soon !
WHERE SHOULD YOU INVEST YOUR MONEY ?
Looking for a place to park your money? According to Knight Frank, here are the top 5 most promising neighborhoods around the globe:
1) Buda, Texas - USA
2) Miami Downtown, Florida - USA
3) St Leonards, Sydney - Australia
4) Harumi, Tokyo - Japan
5) Sarria-Sant Gervasi, Barcelona - Spain
CHOCOLATE HAVEN: EL CIELO RESTAURANT
If you are a foodie just like me, you will absolutely love El Cielo Restaurant. It was recommended from a friend of mine and I had the most incredible dining experience here.
Opened in 2015 by Juan Manuel Barrientos, this restaurant was awarded as the Top 50 Best Latin American Restaurant. The title was given as the chef uses unique molecular gastronomy techniques to make his dishes.
If you are coming here, there is one thing you must absolutely try: the Chocolate Therapy. The waiter pours a warm chocolate fondue right onto your hands and you have to indulge with your tongue. i won't show you the video my friends took but we had fun ! It's truly once in a lifetime experience and will definitely leave you speechless !
DEAL OF THE MONTH: THE YACHT CLUB #2312
For sale at $1,095,000
Gorgeous views of the bay
2 Bed + 2 Bath