WRE News: Miami has the 5th Top Real Estate Investment Market for the World’s Ultra Rich

Miami, FL – March 4, 2023 – Miami is the fifth favored real estate market in the world for the world’s wealthiest people, according to a wealth report released by Douglas Elliman and Knight Frank. The Magic City amassed 146 sales of $10million-plus homes, and 23 deals of $25million or more last year, according to the report. Data shows that within Miami the most-prioritized purchase is not vacation homes or luxury buys, but real estate investment property, be it for short term or long-term rentals.