A global survey of the top 25 luxury real estate markets by Knight Frank has revealed that Miami will rank second in the world in 2023 for price appreciation in luxury real estate. Miami’s luxury market has been booming for more than two years now. The pandemic triggered a deluge of high-net-worth migration and corporate locations to the Sunshine State, resulting in unprecedented price growth across the South Florida market.
After a year of mortgage rate hikes and the threat of a recession looming, even the traditionally robust luxury market appears to be feeling the pressure. But despite this anticipated cooling across the luxury market overall, with growth predicted at just 2 percent, down from the 2.7 percent previously expected by Knight Frank, Miami remains unaffected. The real estate consultancy forecasts that market prices will jump in excess 5 percent in 2023. The growth is proving even more significant in luxury home prices, with waterfront and non-waterfront properties setting records.
Miami Luxury RE LLC leads the way in this competitive marketplace. As Miami’s premier luxury real estate company, it prides itself on having a detailed understanding of the local market dynamics. It guarantees discrete, professional, and individualized service for all its customers, whether buying, selling. Miami is known for its beautiful beaches, non-stop nightlife, and as the home of international finance with its nickname Wall Street South. Miami Luxury RE LLCmarkets a wide selection of breathtaking luxury properties in the region.
Miami Luxury RE LLC specializes in luxury pre-construction real estate and existing luxury real estate in $2m-$100m price range. Clients include celebrities, sport celebrities and other high-net-worth individuals. MLRE is an authorized preferred representative of 8 major developers in the Great Miami area.
The dedicated team at Miami Luxury RE LLC displays incredible expertise and knowledge about the ultra-luxury real estate market. Providing the best personal service and access to an impressive selection of dream properties, they always put their buyers first, all reasons why the company stands out in Miami’s booming luxury property market. That is why the panel of expert judges at Luxury Lifestyle Awards have selected Miami Luxury RE LLC as the winner of a prestigious award in the category of Best Luxury Real Estate Agency in Florida, USA, 2021 and 2022. This is a well-deserved tribute to a company with an admirable reputation for going the extra mile and the second year the company has been recognized with such an award.
Miami Luxury RE LLC also won the Americas Property Awards 2022-2023 for the Best Real Estate Agency Website in Florida.
To learn more about Miami Luxury RE LLC and its comprehensive services, visit www.miamiluxuryrealestates.com.