Affluent Russian buyers return to Miami real estate scene - luxury Blogs

Affluent Russian buyers return to Miami real estate scene

Trump’s Miami location
With the current White House administration on friendly terms with Russia, more affluent consumers from the country are interested in real estate within Miami.
Since the election of President Trump, Russian interest in luxury real estate in the United States has increased by 35 percent, according to National Association of Realtors. The highest real estate purchase from a Russian buyer in Miami was a home sold for $47 million.
“Our clients purchase primarily in the $2-$50 million range,? said Daniel Pansky, director of international sales at Miami Luxury Real Estate. ?We are currently working with several HNWIs from Russia that are looking to purchase a Penthouse in Miami in the $10-$50 million range.
?We also specialize in working with celebrities and sports professionals,? he said. Russian interest in Miami

Miami Luxury Real Estate is hopeful with these latest findings in real estate from Russian consumers by the National Association of Realtors. The real estate group has congregated a series of facts regarding the uptick in investment from the demographic.
Porsche Design Tower Miami
Russian consumers are likely interested in Miami properties due to the stability of the U.S. dollar. Local currencies within Russia are currently weaker, providing Russians with confidence regarding U.S. real estate investments.
Other factors could be the privacy, weather and security of Miami, which differ drastically from these factors within Russia.
Source: thetoptier


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