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Miami among the most expensive cities in the world

Miami ranked among most expensive world cities in the world

It’s no surprise the luxury real estate market in Miami is hot.

The London-based Knight Frank, a residential and commercial real estate consultancy has ranked Miami 14th on a global list of the nation’s most expensive real estate. Foreign buyers and “Miami’s ultra-luxury condo market” are being credited with these high prices. According to Peter Zalewski, a principal with the Miami real estate consultancy CraneSpotters. “The recovering economy and the surging stock market in the United States combined with economic and social strife overseas in places like Argentina, Russia and Venezuela are working to create competition for ultra-luxury real estate in popular but stable international destinations like Miami.” read more:

In another survey conducted by Knight Frank this year, Miami ranked 8th as one of the most important cities to the world’s wealthy. global cities there’s plenty of movement Read more.