Big Apple buyers are abandoning New York for the The American Riviera "Miami"
By Sheryl Goldberg, Expierienced Luxury Condo Expert
(Sheryl Goldberg, LLC. )
Downtown Miami Buyers from all over the world have been driving Miami’s residential market since the worst of the condominium bust. Although it was largely overshadowed in the foreign buyer shuffle, New York City residents are heading back to Florida with money in hand. Buyers from New York are very real and very active. The drive is coming from the fact that buyers in New York and the northeast are beginning to change their perception of Miami’s real estate market and realize its rapidly shrinking inventory. Many New York buyers are beginning to realize they may have missed the bottom of the market, and even more are fleeing New York for Florida’s favorable tax environment. But, now it seems like more and more people are establishing residency, moving their business to Florida and t...