Alirio Torrealba, Karen Elmir, Chiquinquira Delgado, Angel Nicolas, and Oscar Teran
Coral Gables-based luxury real estate developer, MG Developer, hosted a panel on December 15, 2022, to discuss experiences and strategies in South Florida’s hot and rapidly changing real estate market. In attendance were some of South Florida’s top luxury realtors in addition to moderator Chiquinquira Delgado, – actress and TV host.
The panel was held at MG Developer’s newest showroom for the Village at Coral Gables, a new 48-luxury residence enclave, spread amongst an expansive 17-lot area.
Panelists included Karen Elmir, CEO of The Elmir Group, Angel Nicolas, Founder and Principal Agent of The Nicolas Group at Compass, and Oscar Teran, Principal of The Oscar Teran Group.
Karen Elmir, Angel Nicolas, Patricia (Patsy) Bilbao, Anniella Tabraue, Chiquinquira Delgado, Adolfo Nunez del Prado, Oscar Teran, and Alirio Torrealba
Insights and experiences were shared by panelists on topics ranging from how the real estate market has evolved within their agencies, to the challenges and strategies needed to overcome the pandemic, high-interest rates, and the war in Ukraine.
The growth and need for real estate in the South Florida region was discussed as well, which included the new attractive investments in Miami which are Airbnb’s, spec homes in good locations, as well as affordable multifamily buildings.
“This is a new Miami,” said Elmir “There are major companies coming in from New York that are looking for homes for their employees that are driving demand and absorbing new construction. In the past two years alone, neighborhoods like the Miami Design District have been transformed by people that have literally come from all over the world.”
Fernando De Nunez and Alirio Torrealba
Miami’s attractiveness, which includes no state income tax, lower COVID-19 restrictions, and warm weather year-round, has drawn in sophisticated audiences from New York, Chicago, and California.
“People are not looking at South Florida to be in the party scene, they are coming to Miami to raise their families and they’re moving to Coral Gables, Coconut Grove, Pinecrest, and South Miami,” said Nicolas. Miami now has a booming “tech industry” as well.
For more information, please visit www.MGDeveloperMiami.com.
