Israeli Buyers Continue Miami Residential Push

Click for Full Story

Alexander Britell
Largely overshadowed in the recent Miami condominium boom driven by Latin American buyers, Israelis have been a quiet mainstay of the area’s residential market. Israeli interest in Miami came relatively early on, mostly in the form of bulk purchases.
That trend was highlighted by a 26-unit purchase by Gamla-Cedron’s Shaoul Mishal in 2009 — one of the first bulk buys after the bust. And the trend of Israeli interest has continued in the years since, although large bulk deals have made way for smaller purchases, brokers say. “Probably 90 percent of my clients are Israelis that do not live [in Miami],” said Dean Bloch, a Realtor at Douglas Elliman Florida in Miami Beach. A significant portion of these are buyers looking to for condominium properties as investments, particularly in downtown Miami, he told The Real Deal. “Everyone has their own vision,” he said. Some have themselves moved from bulk buys to smaller deals. Bloch said one of his clients had started out with a bulk purchase in Hollywood, and had made his way to downtown Miami’s condo market.

Advertisements

About Pamela's Blog

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
This entry was posted in Gambling, Green Housing, Miami Beach Condos, Miami Real Estate, Miami Waterfront Properties, Real Estate, South Beach Condos, Uncategorized and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

One Response to Israeli Buyers Continue Miami Residential Push

  1. I agree Pamela, most buyers from Israel are looking for investment properties as opposed to buyers from Latin America who want a pie de terre they can use.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s