Opisas offers investment accommodation in Miami along all areas of South Beach starting at just $95,000.

“Until now it was a dream that only the very rich could afford but the U.S. housing crisis, with thousands of apartments repossessed and auctioned by the banks, has changed this position. The economic crisis that has struck the US housing market along with the decline of the Dollar against the Euro has meant that it is possible for medium to high income owners to invest in a dream house next to celebrities of cinema, sport and general entertainment.

Many writers within the industry have lent weight to what Miami has to offer in the property market. Luigi Dell’Olio writes:

“In 2009 almost one third of Italians buying abroad bought in the United States. Miami tops the list of favoured location, this is due to the collapse of property prices by an average of 35% and topping at 50% compared to 2007.The explanation is simple:  Many owners were unable to pay back loans before the crisis and had to surrender their homes to the banks who were forced to put them back on the market at reduced prices to liquidate its core business and avoid overstocks with properties that include high taxes, operating costs and the difficulty of tenant relations.  Therefore there are opportunities for overseas investors. The bank’s properties are sold through specialist agencies, domestic banks and real estate brokers with discounts of up to 50% of the original price. More discounts can be obtained when purchasing multiple properties. 
 
Owners who fail to meet mortgage repayments but do not want to diminish their credit rating agree to sell the property to third parties at a reduced price with agreement of the creditor bank. The banks have their own experts who determine the price which at this moment is a discount of around 35% compared to that ‘pre-crisis price’.