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.”
The influx of new building designs and cash buyers in Miami are two ways in which the pre-2008 real estate cycle has shaped the city’s market today, Alicia Cervera of Cervera Real Estate told StreetEasy in a video. Cervera said Miami is likely the most underleveraged city in the U.S., in that there are relatively no borrowed funds.