Which areas in Miami are Peruvian buyers looking into?
Peru has experienced a considerable growth over the past several years and buyers' purchasing power and the number of high net worth buyers have also increased. They mostly opt for oceanfront properties and in the past, Key Biscayne was the area of choice.
Recently however, I have seen a sudden increase in demand for Sunny Isles, particularly now that developers are building ultra luxury developments such as Jade Signature and The Ritz in Sunny Isles. Other areas where Peruvian buyers have shown a strong interest is in Brickell and Downtown, while these two areas are rapidly growing, they require considerable less investment capital than oceanfront prime locations.
What type of properties do you think they are most interested in?
Every buyer wants a good investment however there are two distinct type of buyers: those looking for oceanfront properties want a place to use and enjoy when they come to visit. These buyers keep their properties for a longer time because of the emotional attachment factor. On the other hand, buyers looking in areas like Brickell and Downtown focus more on the investment aspect of buying a property. They buy properties that will rent quickly so they can hold them for a few years at very little cost and then sell them for a profit.
Is Peruvian culture making its way into the Miami lifestyle?
Definitely. Peruvian culture has had worldwide impact and Miami is no exception. Particularly Peruvian cuisine is very much part of Miami's dining scene. Today some of the top restaurants in Peru can be found in Miami. For example the latest addition in Brickell is Coya Restaurant, which just opened on March 11th. Coya it's an ultra exclusive restaurant with locations only in London and Dubai.
Read more on the influence of Peruvian culture in Miami in this article from PeruThisWeek.com