Increase your wealth
In 2019, there was an outstanding Mexican investment in the real estate sector in South Florida, according to the latest Miami-Dade Real Estate Association report.
The data revealed that foreign investment in Miami came largely from Canada and the United Kingdom, followed by Latin America. The document highlights the purchase of coastal properties in the area by Brazilians, Mexicans, Colombians, Argentines, Chileans and Peruvians.
In the last three months of last year there was a 6.9% growth in condominium sales. Of the total sales registered in Miami and Fort Lauderdale, 52% corresponded to international buyers.
Thus, “Miami continues to be the place of preference for Latin Americans who wish to invest in properties abroad,” said Edgardo Defortuna, president of the real estate firm Fortune International Group. He highlighted the case of Mexicans, who already prefer South Florida over other destinations on the West Coast of the United States.
This trend is expected to continue during 2019, since the ups and downs of previous cycles have already been overcome and currently the real estate market offers security to local and international investors.
“The economic stability and tranquility of doing business, coupled with the city’s lifestyle, adds unparalleled value,” Defortuna considered.
Real estate appetite
For the OKO Group, for example, Mexicans are at the forefront of purchases in its projects. Headquartered in Miami, this is a global urban development company, founded by real estate and hotel magnate Vladislav Doronin, which is moving by leaps and bounds on the South Florida coast.
“We have seen great growth in our Mexican clientele since we went on the market, because they have loved the project and the area in which we are located,” said Ana Gomez, Missoni Baia’s Sales Director .
Today, the developer, OKO Group, is working on the construction of two skyscrapers next to Biscayne Bay: Missoni Baia, already under construction in the Edgewater area, and the second, Una Residences, which is still in the pre-sales stage in Brickell.
Both buildings reflect the firm’s architectural tradition, combining design and engineering to offer a refined luxury residential complex with an ocean view. The architecture stands out against the city skyline as well as the waterfront landscape.
The East Edgewater neighborhood is considered the most up-and-coming neighborhood in the area, close to the dynamic Wynwood and Design District, with a large presence of boutiques of prestigious brands such as: Hermès, Louis Vuitton, Marc Jacobs, Burberry, Loewe.
Edgewater is close to Midtown Miami shopping and dining, the Adrienne Arsht Center for the Performing Arts, the American Airlines Arena and Downtown Miami’s architectural landmarks, including the famed Perez Art Museum and the new Patricia and Phillip Frost Museum of Science, the Rubell Family Collection, the Cisneros Fontanals Art Foundation, the Margulies Collection and Downtown Miami’s iconic buildings.
“Edgewater is one of the fastest growing neighborhoods in Miami and Missoni Baia is the first residence of the Missoni brand, the iconic Italian fashion house,” Gomez highlighted.
Real estate appetite
For the OKO Group, for example, Mexicans are leading the buying in its projects. Headquartered in Miami, this is a global urban development company, founded by real estate and hotel magnate Vladislav Doronin, which is moving by leaps and bounds on the South Florida coast.
“We have seen great growth in our Mexican clientele since we went on the market, because they have loved the project and the area in which we are located,” said Ana Gomez, Missoni Baia’s Sales Director .
Today, the developer, OKO Group, is working on the construction of two skyscrapers next to Biscayne Bay: Missoni Baia, already under construction in the Edgewater area, and the second, Una Residences, which is still in the pre-sales stage in Brickell.
Both buildings reflect the firm’s architectural tradition, combining design and engineering to offer a refined luxury residential complex with an ocean view. The architecture stands out against the city skyline as well as the waterfront landscape.
The East Edgewater neighborhood is considered the most up-and-coming neighborhood in the area, close to the dynamic Wynwood and Design District, with a large presence of boutiques of prestigious brands such as: Hermès, Louis Vuitton, Marc Jacobs, Burberry, Loewe.
Edgewater is close to Midtown Miami shopping and dining, the Adrienne Arsht Center for the Performing Arts, the American Airlines Arena and Downtown Miami’s architectural landmarks, including the famed Perez Art Museum and the new Patricia and Phillip Frost Museum of Science, the Rubell Family Collection, the Cisneros Fontanals Art Foundation, the Margulies Collection and Downtown Miami’s iconic buildings.
“Edgewater is one of the fastest growing neighborhoods in Miami and Missoni Baia is the first residence of the Missoni brand, the iconic Italian fashion house,” Gomez highlighted.
