When the U.S. housing market bubble burst, Latin American investors made Miami’s real estate market their investment destination, purchasing downtown properties at bargain prices. Today Miami-Dade County is on the verge of a residential resurgence and investors from other parts of the world have taken notice.
Recently a delegation of Italian real estate investors met with the Beacon Council and the Italy-America Chamber of Commerce to learn more about purchasing U.S. real estate. I had the honor of working with Pamela Fuertas, Vice President of International Business Development for the Beacon Council, and Patrick O’Connell, Senior Vice President of EWM Realty International to show our guests that Miami-Dade County is a thriving, diverse market filled with investment opportunities.
Pamela reported on the infrastructure, labor market, workforce, population, and urban advantages Miami-Dade has to offer and introduced the One Community One Goal initiative. Together with Patrick, I presented an economic and real estate overview on the state of the real estate industry in Miami, including trends, foreclosure numbers, and the health of the commercial sector.
Head over to the Beacon Council website to read our full presentation, “Miami-Dade County: An Economic Overview 2013.”