Samuel Stauch Advices People To Invest In The Real Estate Industry As Property Prices In Miami Start To Fallby Chris Holden - March 17th, 2017.
Filed under: Prominent Figures on Real Estate Business.
Despite the slowdown in Miami’s real estate, the city is expected to have more condominiums this year. It is estimated that developers plan to put up as many as 3,500 condominiums in Miami’s downtown. This will be the highest number of houses to be developed in the region within a year. However, in 2018 and 2019, the number of these buildings is expected to decrease. Industry experts estimate that 2,800 and 2000 condos shall be constructed respectively. Downtown Development Authority, a semi-autonomous agency, released this report. Source: buscar.lanacion.com.ar
The weak currencies in Latin America and Europe are expected to cause a slowdown in the development of condominium in Miami. The strength of the dollar has further worsened the situation. The combination of the two scenarios has made it expensive for foreign investors to invest in the real estate industry. This situation has resulted in lower demands for condos and other real estate properties.
The high number of condos being developed in the city this year is already contributing to the fall in prices of existing condos. This is the first time that real estate prices have dropped in the area since the economic depression of 2008. According to experts, this fall has seen the resale values of condos going down by about 7 percent compared to 2015. It expected that the prices would fall even further. If one seeks to invest in the real estate industry, then this is the right time to enlist Samuel Strauch’s services.
About Samuel Strauch
Samuel Strauch is a principal real estate agent with Metrik Real Estate. The former banker is respected in the industry. While buying or selling properties, many Miami’ residents and investors listen to his advice. Samuel Strauch is a graduate of Hofstra University, Harvard University, and Erasmus University.
Samuel Strauch started his real estate career in his family’s real estate business. After acquiring the necessary experience in the field, he founded Metrik Real Estate. Through his transformative leadership and vast experience in the industry, he has succeeded in enhancing the growth and profitability margins of the corporation. Through the company, Samuel Stauch engages in the management, development, acquisition, equity sourcing, and brokerage. Metrik operates in South Florida and Latin America.
Read Strauch’s blogs on http://samuelstrauch.blogspot.com/