As a multi-cultural city, Miami, FL keeps changing in rapid ways, especially in the real estate market.
Miami has recovered pretty quickly from this past recession. The market has been wonderfully accessible and the variety of local jobs have resulted in the high demand of foreign buyers. A Douglas Elliman report uncovered that in the last months of 2015 there has been an increase of 15% and 20% in Miami properties compared to last year. The properties near the coast have increased by 20.9% in the last trimester of 2015. When comparing it to the apartments and homes in Miami, prices have increased 17.7%.