Russian Property Buyers Now Dominate The Market For Miami Luxury Real Estate Options
Thursday, November 22 2012 @ 05:50 PM MSK
More wealthy Russian property buyers are seen within the South Florida region seeking out the best Miami luxury real estate options found within the first-class location. Now, Russians are considered to be the dominating force on today’s market for the most illustrious homes and condominiums within prime areas of the phenomenal region.
Over the last few months, Russian property buyers have been known to spend some hundreds of millions of dollars on the region’s fabulous selection of Miami luxury real estate options which include the most affluent waterfront properties within the United States today.
In fact, the most expensive purchase deal on a home property within the region was sold in the summer of 2012 to a wealthy Russian property buyer who has chosen to remain anonymous. Nevertheless, the property was a 30,000-square foot waterfront mansion located within the private island community of Indian Creek that was sold for a jaw-dropping $47 million.
Other notable purchases that had been made by Russians include a $25 million Star Island luxury home that was sold to Roustam Tariko and a $20 million deal for one entire floor at the ultra-fabulous St Regis Bal Harbour oceanfront condominium that can be found within the upscale town community of Bal Harbour.
Reports indicate that Russian property buyers had spent over $12 billion on overseas real estate in 2011 — $1 billion of which went into the United States. Although the exact figures for the South Florida region are unknown, the region managed to find itself as the leading region for foreign sales within the country with over 25 percent of all purchases being made by international property buyers.
Miami remains to be one of the most astounding locations around the world today. Its tropical climate conditions, natural brilliance, cultural diversity, exceptional nightlife, and its unique vibe are among the many reasons that it is among the top options for property buyers today. Given the fact that today’s grand selection of Miami luxury real estate options provide people with the opportunity to become fully immersed in the unparalleled opulence that the region is able to provide, it is really no surprise to see such a significant number of Russian property buyers actively searching for the finest homes and condominiums that money can buy today.
People who are interested in learning more about today’s selection of Miami luxury real estate options should definitely take the time to get in touch with a professional real estate agent for complete details.