Asian Investors Buying in Miami as A Result of the Panama Canal Expansion
International Sales in US were $ 68.2 Billion in 12 Months Ending March 2013. Florida captured 26% of all international sales in the US last year so in other words nearly 1 of 4 investors decided for Florida. Miami took 1 in 3 of all international sales in Florida in 2013. Wealthy foreigners have bought high-end Miami properties for their safety and because they’re denominated in dollars, the world’s reserve currency.
International buyers want to be in Miami not only because of our great weather and multicultural environment but also for so many global business opportunities that have begun to boost the local market and economy. And very shortly the dredging of Port Miami and the Panama Canal expansion to accommodate larger vessels will be complete and the Port of Miami Tunnel will be open. An increasing number of Asian investors are buying in Miami as a direct consequence of this new traffic generated by the Panama Canal expansion as well as a larger Miami Port. Craig Studnicky, principal at International Sales Group, said Asian buyers are investing in all of his projects as a direct result of what is happening with the Panama Canal. “What we are simply connecting is that every one of these buyers has something do with a company that has their eye on Miami because it is about to become a trading hub in the US.”
The North America to Asia trade lanes have mainly relied on the Ports of Los Angeles and Long Beach. Then intermodal shipments via rail and truck have brought a high proportion of this cargo to the Midwest and East Coast. But now, a higher proportion of freight can start to flow to East Coast and Gulf ports. In fact, this is already happening: Colliers International Reported that “for the first time since World War II, the East Coast surpassed the West in container traffic growth. Eastern ports saw traffic grow by 5.5 percent in Q1 2012 over the same quarter in 2011, as compared with 3.0 percent in the Western ports.” And that trend is expected to accelerate once the widened canal is open and over the course of a few decades, cargo flows could look dramatically different. * Some notes taken from Forbes.
Call me now to schedule a complete presentation of the project. For Reservation please contact me at 954.254.6085 or email me at JuanSolerRealtor@gmail.com Time is always of the essence but much more in Pre-construction. Don't miss this window of Opportunity!
No comments:
Post a Comment