The Real Deal Miami

British buyers call Florida a bargain

January 07, 2009 10:34AM

Even luxury apartments are a good deal in Miami, with prices down as
much as 40 percent, posing an opportunity for United Kingdom residents
to capitalize on the market, Berkshire developer David Giles said. In
six months, he said buyers could get big discounts on new properties as
investors who can’t afford to completely walk away from their 20 to 25
percent deposits sell. Giles said he’s looking at the Brickell, the
Venetia and the Doubletree Grand.