Alicia Cervera speaks to the Wahshington Post regarding the state of the market , what $50 million can buy, and the potential of Chinese buyer's entering the Miami market.
According to Alica Cervera.
“I’ve been one of the holdouts,” said Alicia Cervera, managing partner of Cervera Real Estate and a member of the board of directors of Miami’s Downtown Development Authority. “I’ve been one of those who’s been saying, ‘China is a long way away. There’s lower-hanging fruit,’ and not really jumping on the China bandwagon all that quickly.”
No longer, she said. “I do believe we’re at the tipping point and that there’s going to be a very strong presence of Chinese buyers in the Miami market.”