MIAMI, FLORIDA (PRWEB) DECEMBER 09, 2011
The MIAMI Association of Realtors recently hosted the 17th Annual Miami International Real Estate Congress at the Biltmore Hotel in Coral Gables, Florida, and welcomed delegations from partner associations in Brazil, Bulgaria, France, Italy, Spain, Russia, and Venezuela and more than 200 U.S. and local Realtors.
“The 17th Miami International Real Estate Congress was an overwhelming success,” said Teresa King Kinney, chief executive officer of MIAMI. “World-renowned speakers offered participants valuable information pertaining to the Miami market and its important global position and continued revitalization. The Miami Congress generates important business opportunities for MIAMI Realtors, further generating exposure for Miami as the top U.S. market for international buyers and strengthening the local market’s already robust performance.”
The three-day event featured National Association of REALTORS (NAR) Chief Economist Lawrence Yun, who offered a bold prediction for the Miami real estate market in 2012.
“Unlike the national market, which has seen no genuine recovery despite increases in population and historical low interest rates, Miami home prices should rise 10 percent in 2012 due to the increasing presence of international buyers and investors and the strong demand for bank-owned (REO) properties,” said Yun. “The Miami market has bottomed and continues to strengthen. “We have passed the bubble and crash, so we’re back to normal,” said Yun. “If there’s inflation, real estate can now provide the hedge.”
International buyers have been instrumental in the Miami market’s recovery and will continue to boost the local market long into the future.
“More international sales in the downturn proves international buyers have fueled the Miami market recovery,” said Yun. “Miami is the prime destination for international buyers and investors.”
Other keynote speakers included NAR President Maurice “Moe” Veissi, U.S. Representative and Chairman of the Committee on Foreign Affairs Ileana Ros-Lehtinen, and FIABCI World President Alex Romanenko.
“The Place to Do International Business”
Known as “The Place to Do International Business,” the award-winning Congress provided presentations highlighting how local and U.S. Realtors can reach the increasingly crucial foreign buyer. Presenters assessed the strength of the market and addressed how Realtors can identify and take advantage of new opportunities. The event includes educational seminars, luncheons, networking events, and gala receptions showcasing some of Miami’s most beautiful luxury developments.
The Congress draws U.S. and international professionals seeking to learn about market conditions in Florida, the U.S. and internationally; to gain powerful marketing insights; to connect with real estate professionals from around the world and to generate business transactions now and in the future.
Sponsors and Exhibitors
Congress sponsors include iMapp, Canyon Ranch, The Decorators Unlimited, and The Miami Herald International Edition. Jeffrey Lehman of Coldwell Banker Previews International hosted the Congress opening reception at his listing on exclusive Tahiti Beach. Other Congress receptions were hosted by Asia on Brickell Key and Terra Group at Freedom Tower.
Access videos and photos at 2011MiamiCongress.com.
MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents 25,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the nation, and has partnerships with more than 65 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.