USA For many it is one of the favorite places to live. The North American country has beautiful cities that make it attractive to build or buy a home. Although property prices have been high in recent years, this situation now appears to have changed. An example of this is Miami, where, according to international media, real estate prices have fallen. Because what is that?
Many people want to have one Place of life In the middle of a warm place and enjoy that excellent weather that surrounds Miami. Added to this is that beaches And Recreation areas this can be seen throughout the city.
According to several international media, the price is from households in four cities of USA It surprised many as there was a sharp drop in prices.
Many people prefer to live in Miami (USA) (Photo: AFP)
WHY DO HOUSES IN MIAMI FALL IN PRICE?
Currently, many people are investing in buying homes in the USA USA. Exactly, in MiamiAccording to La Nación, property prices have fallen, which is good news for buyers.
The above-mentioned media emphasized that according to the September 2023 report of the Real Estate Agents Association, it is a house in Miami could be purchased with $600,000 and a Department at cost 415 thousand dollars.
In the meantime, Independent Spanish He explained that experts believe that this situation is very similar to that of 2008 USA There was a major recession and housing costs fell by up to 27%.
“The report entitled “It Gets Worse Before It Gets Better,” prepared by the same company and published by Fortune magazine, found that the cities most affected by the damage, accounting for more than 25%, are San Jose and San Diego are in California; Austin, Texas; and Phoenix in Arizona,” says the article from the aforementioned media.
The great city of Miami in a panoramic photo (Photo: AFP)
UNIVERSITY OF FLORIDA SPECIALIST’S VERSION
Mariya Letdin is an economics professor at the Florida State University and explained to the Miami Herald portal, according to La Nación, that house prices are falling due to several factors:
- One of them is people who prefer to buy houses in Miami They look at the cheapest options.
DEPARTURE OF THE SOUTHERN
Another detail explained by experts on the subject, according to La Nación, is that many people have decided to leave Florida. “People are going back to where they came from because they have to go back to the office. “This restricts everyone’s lifestyle,” they say.