Elliman Mag's Spring/Summer issue celebrates the warmth of the season.

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2019 Wealth Report

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Predicting what the next 12 months have in store for our clients and customers has proved to be an interesting process. The multitude of global, political and economic issues addressed on this page a year ago, continue unresolved and have become increasingly more complex. Nevertheless, we remain optimistic about the year ahead. While there may be challenges, there will also be considerable opportunities as markets shift. In this year’s edition of The Wealth Report we highlight residential and commercial markets across the world that offer opportunities and options for those looking to invest in property. Visit here for more info:  2019 Wealth Report
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Paramount at Miami World Center EB-5 Visa Project

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Since its introduction in 1990 by the U.S. Immigration Act, the EB-5 program provides a special category of immigration visa for the international investors. To qualify for the program, the applicant must invest $500,000 in a business or project located in an area of the United States with a high unemployment rate. The applicant's investment must create 10 full-time jobs within a two-year period.  After the successful completion of the program, investors and their family members (spouse and children under the age of 21) are given a conditional resident status in the United States, which can be converted into a permanent residency with a path to citizenship. Individuals interested in the EB-5 Visa Program must provide sufficient evidence documenting the source of the funds that are used for the EB-5 investment. The funds for the required $500,000 investment may be obtained from a number of sources such as from a gift, a personal loan, savings, sale of assets, an inheritance o...
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Miami home sales spike 51% over last year

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Miami metro home sales in the third quarter jumped 51% from a year ago, according to the Miami Association of Realtors . Home sales, including existing single-family homes and condos, totaled 6,412, up from 4,239 last year. Existing condo sales increased 48%, and single-family home sales went up 47%. Statewide sales for Florida also saw an increase from last year, with single-family homes up 12% and condos up 13%. Nationally, the National Association of Realtors reported home sales fell 0.1% from the second quarter, though they increased 17% from a year earlier. Miami's home sales have increased 13 consecutive quarters dating back to the third quarter 2008, according to the local realtor association. "Strong demand from international buyers is fueling robust sales activity in Miami despite low consumer confidence and high unemployment," association chairman Jack Levine said in a Wednesday release. "Local sales are expected to set a record this year that sho...
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