‘Snowbirds’ boost Miami real estate revival

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By David Gelles
Vince Pileggi always wanted to be a snowbird.
A telecommunications contractor from Toronto, Mr Pileggi had visited Miami for years, soaking up the sun and Latin-infused culture that distinguish the southernmost metropolis in the US. High quality global journalism requires investment. And last year, with the Canadian dollar strong and new high-rises sprouting up around downtown Miami, Mr Pileggi put down the initial deposit for a condominium with ocean views. “I always wanted to retire down south where it’s warm,” he said, summing up the snowbird’s desire to flee the northern chill. Mr Pileggi is not alone. Three years after the Miami real estate market bottomed out amid the wreckage of the financial crisis, it is booming once more – especially at the high end, and especially thanks to foreign buyers.
Buoyed by strong exchange rates, relatively low real estate prices, and political turmoil in some countries, buyers from Latin America, Asia and Canada are snatching up hundreds of luxury properties in the area.

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Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
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