The latest figures indicate that South Florida has seen a marked increase in the number of real estate investors based in the Middle East. And experts believe that this real estate market trend could continue, which is great news for sellers. In today’s article from The Short Sale Gal Kristine Zelazo, we’ll explore this recent increase in popularity amongst Middle Eastern real estate investors and what it means for the local market.
S. FL Real Estate Market Gains Popularity Amongst Middle Eastern Buyers
According to a report from CBRE, Miami came in as the tenth most popular investment market for Middle Eastern real estate investments in the timeframe from January 2015 through June 2016. South Florida came in as the fifth most popular overall amongst all of the real estate markets in the United States.
Over this six-month timeframe, the real estate investments in Miami purchased by buyers in the Middle East exceeded $500 million.
“There’s no question that Miami has arrived as a primary market for investors worldwide, in the same league with other U.S. cities like New York, San Francisco, and (Washington) D.C., as this Middle East investment report suggests,” remarked Quinn Eddins. Eddins is the CBRE’s director of research and analysis for Florida.
The uptick in the number of Middle Eastern real estate investors purchasing property in South Florida is believed to be rooted in the sovereign wealth funds, particularly those of Qatar and the United Arab Emirates. According to the report, favorable exchange rates and a desire to diversify assets have led these funds to seek commercial real estate opportunities in the United States, with Miami ranking at the top of the pile.
Curiously, some have also credited the addition of direct flights to Qatar from Miami International Airport as another contributor.
Middle Eastern buyers aside, South Florida real estate is also very popular amongst Latin American investors, who have long accounted for a majority of the international investors who are buying real estate in this region.
Ready to Get Started in Real Estate Investing?
If you’re getting started in real estate, consider working with a real estate investing mentor like The Short Sale Gal, Kristine Zelazo. Getting started in real estate investing can be somewhat challenging, but when done right, you can stand to make significant profits. You’ll have lots of advantages in this regard when you work with a real estate investing and short sale expert like Kristine Zelazo, better known as The Short Sale Gal.
Based in Florida, Kristine works with both buyers and sellers and she is an experienced negotiator. So if you’re an investor seeking to get started in buying short sales and need a great mentor or wish to pursue a short sale transaction for the sale of your property, turn to Kristine Zelazo, the Short Sale Gal!
To get started with selling your home, simply complete the home pre-sale form to provide Kristine with additional information on the property in question. Then, call 786.570.0360.