Art Basel Patrons Double as Luxury Real Estate Buyers
This is the week of Art Basel in Miami and that means many serious art collectors from around the world are here in the city. They are not only shopping for art but many of them are also really interested in properties in Miami or at least understanding the movement of the real estate market in the city, which for many is becoming the next major city worldwide.
Normally buyers in the art world are buyers of luxury properties. The properties that are sought are those that incorporate nature into the residence. That is, most seek properties with ocean, canal, bay or garden views, with large windows, lots of light and high ceilings. It is important that the art could be well exhibited and that the property itself is a piece of art.
Here to Learn About the Latest Developments in Miami Real Estate
Many others seek to get an idea of what is happening in the real estate market in Miami and learn about new developments in Brickell, Downtown, Coconut Grove, Miami Beach and Sunny Isles, among others. Buyers today are more demanding about the architects who design each development, amenities, construction materials and finishes as well as the interior design of the residence.
There seems to be a lot of interest in what is happening in preconstruction in Miami. Brickell City Centre, a new $1.5 billion dollar master-planned mixed-use urban development in Brickell, captures much attention. In Coconut Grove, at this time, the attention is held by two luxury towers that are under construction in front of Biscayne Bay; Grove at Grand Bay and Park Grove. In Miami Beach, Faena House is undoubtedly one of the most talked about projects.
Art Basel is a Boost to Many Industries
Art Basel has always been a real boost to the local economy with a significant impact on many industries. This, coupled with a lot of press articles on the development of luxury projects in Miami has created high expectations in the city which for many is considered the new New York, London or Singapore.
To work with Andres, your experienced luxury realtor, and Constec Realty Services, an established real estate agency that specializes in luxury Miami real estate, contact us now.
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