The FIFA World Cup 2026 is being used to attract international buyers, particularly from Latin America, at a time when the residential real estate market is beginning to slow. While the World Cup itself is not creating a surge in investment, brokers say it is helping them to showcase Miami.
Prosperity has deepened affordability challenges for many longtime Miami residents. According to a study, half households spend more than 30% of their income on housing, a common benchmark for financial strain. The county also faces a shortage of more than 90,000 affordable rental units for lower- and moderate-income households.
Coconut Grove offers something many luxury enclaves cannot: discretion. Hidden behind lush landscaping and quiet streets, the neighborhood allows billionaires and high-profile residents to remain close to Miami’s booming financial and cultural centers while maintaining a rare sense of privacy and community.
Local agents say a sharp rise in buyer activity during the first quarter has fueled significant gains in both contracts and closings, signaling renewed confidence in the high-end coastal market. Activity has been broad-based, with properties ranging from modest condominiums to luxury homes changing hands.
A recent report compared median annual rent with median household income across 182 cities nationwide. Miami ranked last for affordability, with renters dedicating about 33.77% of their income to housing.
Damac Properties, the Dubai-based developer that purchased the property, has not sold a single unit at its planned luxury condo building, known as Delmore Surfside condo project. The redevelopment has remained controversial, as some community members had hoped the site would instead become a memorial.
High housing prices, low wages, and other financial pressures are driving Miami-Dade residents away. The result is a concentration of wealth: higher-income individuals are moving in, while lower-wage workers are moving out, and overall population growth is beginning to stall. That’s not a healthy trajectory for long-term economic stability.
While the Treasure Coast continues to attract attention for its coastal appeal and steady population growth, successful investing in this market requires a clear understanding of the local variables that influence returns, risk, and long-term performance.
Scheduled for completion in the fourth quarter of 2029, the project will feature two 20-story towers containing 132 condo residences, along with six townhomes and 17 guest suites.
National real estate company and multifamily developer Thompson Thrift recently celebrated the grand opening with a ribbon-cutting ceremony. The 276-unit Class A community marks a significant addition to the Vero Beach housing market.