Many South Florida residential property owners and real estate professionals are bullish that the tricounty region of Miami-Dade, Broward and Palm Beach is poised for future appreciation.
After all, the region has some of the best weather in the United States, an economy that is diversifying and a strategic geographical location in the Americas.
In a newly released report, the Switzerland-based investment bank UBS is warning investors not to get caught up in the Fear Of Missing Out (FOMO) hype.
“Fueled by a booming luxury market, prices in Miami have risen by almost 50 percent since the end of 2019, 7 percent of which was in the last four quarters in real terms,” according to the 2024 “UBS Global Real Estate Bubble Index” published in September. “Imbalances have increased significantly in recent years, and the bubble risk in Miami has risen to (a) high level this year.”
In fact, UBS is cautioning investors so much that it has named Miami as the No. 1 riskiest real estate markets for owner-occupied residents out of a pool of 25 international-oriented cities, ranging from Sao Paulo to Toronto, New York to Hong Kong.
To read the report, please visit: UBS.com.
Alternatively, we have created an AI-generated narration of the 27-page report to make it easier for members of the Miami Condo Investing Club™ to consume.
Additionally, we have also created for Club members a comprehensive chart of the key UBS statistics, including the “Bubble Risk Score,” the annualized real price growth and the annualized real rental growth.
