A select group of FIABCI-USA members gathered at the luxurious Decorus Realty office in Sunny Isles Beach, FL, on March 20 to chat with Mr. Henri Gast (Center in photo), French BNP Paribas Real Estate Executive and Past FIABCI-France President. During the event, Mr. Gast asked questions about the current condition of the market – especially the general confusion among French buyers about the big gap in property prices. Members explained the differences in demand within submarkets and the myths still circulating in spite of the current strength of the market, which has definitely become a seller’s market.
Mr. Gast made suggestions on how advertise to French Buyers and what products to offer. He revealed that the current dynamics in France fiscal policies make overseas investments palatable to the French investor. Since the UK market is tight, Florida, and specifically Miami, is among the top choices for the French.
Attendees were also treated to a “State Of The Market” presentation with the latest statistics and numbers yet to be released to the public from FIABCI-USA member Teresa Kinney, Chief Executive Officer of the Miami Association of Realtors. Attendees also got a preview of the new development 95th On the Ocean.