“Built on cash”: How developers survive the squeeze in Miami
Real estate industry experts pushed back on the theory that a bubble is forming in Miami that’s about to burst. “This market is built on cash,” said market analyst Ana Bozovic, founder of Analytics Miami, at The Real Deal’s Miami Real Estate Forum. Bozovic spoke on a panel about how developers can survive the market crunch in Miami in a conversation moderated by TRD’s Editor-in-Chief Stuart Elliott. Bozovic said a UBS report that named Miami as the most vulnerable city to a bubble was an “egregious misrepresentation of truth” because it’s such a heavy cash market. “Usually when assets collapse, […]This article originally appeared on The Real Deal. Click here to read the full story.
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