One of the main signs of the current era is our ability to search for, learn about, and order anything we want whenever we want. The conveniences afforded by smartphones have drastically matured since the advent of this innovative technology to the point that the modern consumer expects to have access to the entire world from their pocket. While technology has democratized access to niceties across all ends of the spectrum — from everyday activities like ordering groceries to exciting opportunities like chartering a helicopter — ultra-high-net-worth individuals still prefer a trusted resource for their major purchases.
As the 1% is far less affected by economic turmoil, UHNWIs invest and spend their money even in times of uncertainty, especially when they have a trusted advisor in their corner. Despite the threat of a global recession, the Wall Street Journal is reporting that luxury goods produced by the likes of Hermes and LVMH, Moet, Hennessy & Louis Vuitton are being purchased at a record pace. Similarly, the market-moving consulting firm Mckinsey is reporting that the global luxury automobile market is “ultra profitable.”
In terms of real estate, while prices in some regions may drop depending on commercial and residential externalities, there will always be a demand for luxury residential real estate in the US’s top cities. After the city experienced a once-in-a-generation real estate renaissance during the Covid-19 pandemic, Miami is still home to one of America’s hottest real estate markets 3 years later. Yahoo Finance recently reported that 2022 saw the Miami-Dade County real estate market register its 2nd best total home sales year and its 2nd highest annual condo sales year in history.
Miami is a haven for luxury real estate, offering a unique melange of real estate investment sales, property management, high-end concierge, luxury hospitality, and estate management services. These services cater to ultra-high-net-worth individuals and provide a one-stop-shop for luxury real estate in Miami as well as premier lifestyle experiences around the globe.
Becoming as connected in the world of Miami real estate and luxury hospitality as these companies do not happen overnight. They have expertly cultivated networks, years of experience, and the ability to garner trust with influential clientele to provide a service with an expertly curated human touch. Particularly, as a Miami native, these companies have an understanding and influence in the city that is unparalleled.
These companies offer the ultimate service by turning a client’s vacation experience into a new home and in turn, ensuring the property converts into a profit-producing asset in their client’s portfolio. While owning a waterfront villa in South Florida that pays for itself sounds too good to be true, these companies regularly create this reality for clients. It is no surprise that their clientele would trust them with such an important decision as they have entrusted them with intimate and familial experiences throughout their entire relationship.
As Miami’s real estate market continues to flourish, we are excited to see how these companies continue to cultivate authentic relationships through their services in the city and beyond.