You are here

Foreign buyers fuel concern in Miami luxury condo boom

Analysts cite investor glut, slowing sales, plans for thousands of new condo units

Hot market: High-end condos in Miami. Florida led the US for foreign buyers in the first quarter, attracting 23% of US$92.2 billion of nationwide sales, - PHOTO: BLOOMBERG

[MIAMI] As construction cranes crowd the coastline and developers strive to lure wealthy international buyers with brand-name towers and lavish amenities, there are signs that Miami's latest condo boom has begun to slow and a possible oversupply could temper record prices. Since mid-2011, some

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom