Property news: prime real estate is making waves again

Property news: prime real estate is making waves again

Miami nice

Home sales in Miami increased by more than 20 per cent last year according to Savills – and that trend looks set to continue. Even before the pandemic, Florida was already the US’s largest market for overseas buyers, but what has added heft to the demand is the number of Americans now relocating to the area. Attractive tax benefits and opportunities to work from home have transformed what was once largely a holiday destination, and the Miami Movement – a phrase coined by mayor Francis Suarez – has had an impact at the top end of the market as resettling tech and financial services such as Goldman Sachs and Blumberg Capital convert the city and its surroundings into a new financial hub. Despite an array of top-of-the-range developments – such as a five-bedroom condominium on Brickell Avenue on sale at £29.5mn through Knight Frank – there are not enough luxury homes to go round, and fierce competition has transformed Miami-Dade’s Fisher Island into one of the wealthiest postcodes in the US.

Feeling the heat

The energy website Uswitch reports that Buckingham Palace has estimated dual-fuel outgoings of about £1.1mn a year, while some UK manor houses (with a pool) cost more than £30,000 to