A Growth of Real Estate in Miami Beach

Samuel Strauch is 14 years licensed real estate agent who currently works at Affinity Realty Group Inc. in Miami Beach. Samuel Strauch is considered as the top 12% of agents in Miami and top 16% of agents for successfully selling homes and fast selling of homes respectively.

A graduate of Harvard business school, Samuel Strauch holds a Bachelor of Business Administration in International Business from Hofstra University and an International Finance and International Marketing from Erasmus University Rotterdam.

Considered as one of the most attractive holiday destinations in the world, Miami Beach has experienced tremendous growth over the years. With a record of 15.8 million visitors in 2016 who visited Greater Miami, Miami Beach received a substantial share of these visitors. The average total expense was estimated to be over $24 billion, which was an estimate of 4.3% increase from 2015.

With these high numbers of visitors, there has been a need for more hotels and accommodations to handle this influx of people. Some hotel records showed they were overbooked towards a holiday period, indicating a number of local tourists slightly higher than international tourists. This increase of tourists has made hospitality leaders and real estate investors to think of new ways of catering for these huge numbers of visitors flocking towards Miami Beach.

The newly opened Hyde Resort & Residence in Hollywood is an example of a high-class infrastructure plan for Miami. This building is a home to 40 condos and 367 resort units which, according to the authority, can be opened for rental when the owners are not around.

Read Samuel Strauch’s Blog for more information on the Miami real estate market.

However, many sources in the industry state that there is a slowdown in the purchase of residential condos in South Florida, with many expecting 2017 to experience a snail pace in real estate development and financing.

Samuel Strauch weighs in on price as one of the causing factors. Miami has more than tripled its square meter price, which currently sits at $ 7,000. Other than that, Miami still attracts both tourists and real estate investors in large numbers.

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