It’s no secret that Miami has become one of the world’s most attractive markets for international investors. Latin Americans in particular have had a heavy influence in local real estate as one of the main demographic groups purchasing properties throughout South Florida. However, recent data from CBRE indicates that one region of the world is poised to take a much larger role in South Florida’s real estate market: the Middle East.
According to CBRE’s report, Miami was the 10th-most popular investment market for Middle Eastern real estate investment between January 2015 and June 2016, and the fifth-most popular in the United States. Investments in Miami real estate from the Middle East exceeded $500 million for that time period. Continue Reading