Million Dollar Boom In Miami Property Gathers Pace

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Florida property investment consultants comment on news that Miami is seeing a dramatic increase in the number of homes selling for $1 million or more. (Source: Miami Today News, 31 December 2013).

Miami Million Dollar Property
Several high profile developments have sprung up in Miami and there are others in the final phases of planning such as the well-publicised Porsche Design Tower.

According to Colordarcy, demand for homes valued at $1million is reported to be higher than ever amongst investors and this is backed up by the news that in Miami, 156 properties a month are sold with a million dollar price tag attached (Source: Miami Today News, 31 December 2013).

Following the recovery of property prices in Miami – which is now entering a third year – demand for luxury properties has increased due to interest from foreign investors and those with the means to afford six figure properties in the city.

Loxley McKenzie, Managing Director of Colordarcy commented, “Several high profile developments have sprung up in Miami and there are others in the final phases of planning such as the well-publicised Porsche Design Tower.

This development offers some amazing luxury facilities such as a lift for your car and ‘sky garages’ designed so that you can park your car in the living room.”

According to Colordarcy the Porsche Design tower is at the top end of the market with prices ranging from $4.55 million, however it still possible to purchase stunning apartments for less than half a million dollars.

Colordarcy are currently offering investors the opportunity to tap into Miami’s million dollar boom with Marina Palms. At a starting price of $614,000, Marina Palms includes a private serviced marina and personal butler service.

The 3 bedroom apartments have excellent amenities nearby and of course stunning views out into the ocean. Marina Palms is North Miami Beach’s first luxury apartment and yacht club built in two decades and is due to reach completion in 2015.

McKenzie added, “Miami may be seen as expensive, however it is still possible to find top quality properties that provide investors with net yields of up to 8%.”

The Miami property market has just seen its highest number of sales in seven years and this has led to average time on the market going down from 68 to 63 days. (Source: World Property Channel, 16th January 2014).

Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Their aim is to provide their clients with properties that offer the unique combination of strong growth returns and cash flow positive income.

Investing in positive cash flow property significantly reduces the risk because the property will pay for itself regardless of market conditions, employment status or other financial commitments.

Colordarcy provides complete support before, during and after a sale, including finding tenants, financial assistance, viewing trips and currency services. Colordarcy are proud members of the ‘Association of International Property Professionals’ (AIPP), and abide by its code of conduct, one established to protect the buyer, by ensuring members follow professional guidelines and procedures.

Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.

For more information, supporting pictures or logo artwork, please contact:

Brett Tudor
PR Manager

Tel: +44 (0) 207 100 2393
Email: press(at)colordarcy(dot)com

Colordarcy Investment Ltd
28 Leman Street
E1 8ER

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Brett Tudor

Loxley McKenzie
since: 02/2011
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