News of Miami’s economy tends to be dominated by the city’s volatile – and often controversial – real estate market. Gleaming condos towering over Biscayne Bay and multi-million-dollar cash deals between off-shore LLCs give it an extravagance that is hard to ignore.
Foreign buyers fleeing unstable economic conditions in Latin America, Russia, and Israel are fueling a resurgence of the real estate and construction industries that were on life support just a few years ago.