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A discussion about the Real Estate Market for 2019

Diego Arnaud specializes in catering to the ultra-wealthy. Using his in-depth knowledge of the market and extensive network of contacts Arnaud’s company, DA Luxury Realty, represents more than 150 international clients, each having a net worth of over $20 million. The haute agent sat down with Haute Residence to discuss the current market trends and where he foresees the real estate market heading this year.

What are the current real estate market trends and conditions in your market?

New projects are planning to be delivered by summer 2019 and a new wave of buyers will jump into the remaining inventory. Developers are more flexible with the initial deposits and big incentives are on the table for brokers. Inventory in resales is still at an all-time high and price reductions are finding a support trend. The economic landscape for 2019 is strong with a neutral sign from the FED in hiking interest rate. I expect more buyers from the NE leveraging our real estate market and a slight increase from Latin American investors.

What are the top 3 things luxury homebuyers look for?

Luxury and exotic amenities, privacy and curated experiences.

Where do you foresee the real estate market heading in the new year?

Real estate market will be tied to the economic US landscape, GDP grows and the resolution of the U-China tariff war. If the US finds a sustainable solution to the trade-war, real estate market will jump again and investors confidence will begin to absorb the inventory.

Is there a push for vertical living in your market or is it still horizontal based?

Empty land has become very rare and expensive. Most of my developers are always looking to maximize views and lifestyle with oceanfront condos.

What do you recommend to homebuyers looking to invest in your market?

To look for unique properties with added value. Miami is all about the views, service and lifestyle. Always Contact me to get the best comprehensive advisory on the market.