Wealthy Latin Americans Especially Argentines Buy Condos in Miami

Miami Beach, Florida – We have recently heard reports of a Real Estate broker with Douglas Elliman flying into Buenos Aires. The Miami real estate brokers met wit with Latin American Buyers and they signed contracts to purchase Miami Condos, The majority of the buyers who were represented by the Miami Broker are from Argentina and bought Condominiums in a 60-story tower in downtown Miami.

Opera Tower Condo Amenities

These Latin American Real Estate Investors signed the contracts without ever seeing the Miami Condos in person. This Miami Condo Tower, the Opera Tower, is truly amazing. This also speaks volumes about how anxious, and determined, Argentines are already to get their cash investments out of their country. They are diving head first in Miami real estate, especially condos.

  • Exquisite, private wraparound terraces with wide panoramic views
  • 24/7 security
  • Energy-efficient washer and dryer (in one- and two-bedroom residences only)
  • Heat- and wind-resistant windows
  • Large, walk-in closets
  • Concierge service
  • State-of-the-art fire and life safety system, with smoke detectors, enunciators and strobes
  • Sophisticated, electronic security system throughout the building and in each residence
  • Multiple outlets pre-wired for digital television, fiber-optic multiple telephone
  • Dedicated high-speed Internet connections
  • High-speed Internet and cable television
  • Six high-speed elevators exclusively for resident use
  • Separate freight/room service elevator
  • Supervised garage parking for each residence with available 24/7 valet service
  • Dramatically designed lobby with 20+ foot ceilings
  • Over-sized recreation level overlooking Biscayne Bay

Argentines Taking Number One Spot For Buying Miami Real Estate

During the past several months, Argentines have without a doubt passed Brazilian Investors to become the most active group from Latin America buying Miami real estate. We believe that Brazil’s demotion from the number one position is probably due to the weakening of its currency. However in Argentina, a weakening peso and 25 percent inflation, economists have stated. This situation has stimulated many wealthy Argentines to move their money into Miami real estate.

Many Latin American Economies and European Countries are Hurting

There is an economic and political skepticism around the world and these facts are benefitting real estate sales in the United States. Of course the hot spots are Miami and New York, which some see as two “safe haven” American cities.

Latin American Investors Want The United States to Escape Destruction

Listen to some of the Latin Americas in South Florida and you can hear the stories of how Governments have collapsed and or become corrupt. Does this ring any bells for the current American economy? Many of these Argentines are hoping America escapes the redistribution and abuse of power. These Argentines just want to live their life and invest in Miami Real Estate. Numerous Miami Real Estate specialists have stated that many Miami projects are more than likely being sold 50 percent to the Argentines.

Americans Should Review Other Countries Economic Situations

The Argentina’ government has been trying to stop the capital from leaving their Country, Reports have showed that Argentines now have to submit requests to tax authorities to convert pesos into dollars for overseas trips. These requests are rarely approved for much and Americans must realize this issue could jeopardize our Country as well. When you lose your liberty, there could be no turning back. This is a top reason why the Miami real estate is so attractive. Especially at Opera Tower, which is located at 1750 North Bayshore Drive. The Opera Tower began selling condos which are selling for $250,000 to $650,000 for studios, one-bedrooms and the two-bedroom Units.

 

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