The Real Deal Miami

Miami’s foreign sales could be better in 2012

November 08, 2011 09:24AM

Real estate brokers assembled in Miami yesterday said they expected the market’s international sales to be even stronger in 2012, following a period of purchasing, particularly from Latin America, that Related CEO Jorge Perez said “saved” Miami’s residential sector. “You have a unique opportunity for the next few years,” said Moe Velssi, the president-elect of the National Association of Realtors at the International Real Estate Conference in Coral Gables. “This will be a record-breaking year for the number of sales in the Miami market,” said Teresa King Kinney, the CEO of the Miami Association of Realtors. “There’s no other market in the United States can boast these kinds of numbers.” [Miami Herald]