Art Basel’s Immense Influence on Miami’s Real EstateDecember 17, 2014
No matter what your thoughts on Art Basel Miami Beach are, its impact is very clear: the city has solidified its status as a leading global center of art and culture, while at the same time proving why so many buyers from around the world flock to enjoy its rich year-round activities ads quality of life.
This year the main fair alone had over 70,000 attendees which generated more than $20 million in revenue – not counting the people who visited the two dozen satellite fairs that went from South Beach to Wynwood – and also not counting the ones who were taking advantage of the great weather and the amazing parties around town.
This year’s Art Basel came at a time where Miami’s luxury real estate was (and still is) experiencing an amazing resurgence. Plus, even though the art has attracted the art world, part of the draw in for Miami is about lifestyle possibilities and fun possibilities.
Other than billionaires and hedge fund managers looking for big pricey art works, many celebrities and people from New York, LA, Europe, and Latin America all came to enjoy the art and events. All of these types of people coming to Miami, increases awareness and interest in pricey real estate gems in Miami. The demand is clear from international buyers to clients that live in Miami or New York.
All of these are signs that Miami has recovered from the hard fall during the financial crisis. Miami has now regained the attention of the very wealthy and the cool trendsetters who are spending to live in luxury in Miami.
If you are interested in more information about the many beautiful Miami Beach Homes available, you can contact Matt Crane at (786)571-5983. Matt Crane has nearly a decade of experience as a residential real estate agent, working with clients from all over the world to find the finest Miami Beach Luxury Real Estate on the market.