For several months now, Miami’s real estate market has been very, very strong. We’ve been seeing record-setting sales that aren’t slowing and inventory shrinking to its lowest levels in recent history. (See our Annual & Q4 2021 Miami Luxury Condo Market Report for data and details.) As a result, buyers are turning more and more to preconstruction projects to meet their needs and desires for their next home or investment property.
In this video, Sep Niakan discusses the how, when and why it’s the right time to buy preconstruction. Regardless of your “why” of buying a pre-construction condo in Miami, watch this video for “how” you can turn it into one of your best investments yet:
In this video, you will find tips on strategizing your buy, how to time the market for best returns, the benefits of buying preconstruction, and whether investing in a pre-construction condo is the right choice for you or not.
Why Buy a Preconstruction Residence or Property?
With inventory hitting record lows and a market demand fueled even higher by migrating businesses, developers have kicked into high gear to build relevant housing product. With this, many buyers are now turning their sights to investing in Miami’s preconstruction condos for various reasons:
- For the lack of ready-to-move-in inventory on the market that meets their needs;
- The satisfaction of being the first to live in a brand-new residence; and/or
- Being able to own in one of the first-ever Standard Residences, Sunny Isles’ Bentley Residences, super exclusive E11even Beyond, waterfront St. Regis Brickell, or nautically-inspired Una Residences.
For more tips on buying a pre-construction or new construction condo in Miami, watch this.
If any of Miami’s luxury condo preconstructions have caught your eye or you’re still on the fence, feel free to call, chat, or email us for a personalized consultation with a local real estate expert.