Foreign buyers previously bought five or six units, now they buy one
By Ina Cordle
Miami’s preconstruction condo market is still forging ahead, despite canceled projects, lowered deposit requirements and foreign buyers downsizing purchases.
“This is a marathon, not a 100-meter dash. This is a long-term market,” said Carlos Rosso, president of Related Group’s condominium division, during a panel titled “Industry giants discuss the condo market” at the Urban Land Institute’s Miami Condo Market Symposium at the Four Seasons Hotel in Miami.