As an investment, real estate is considered a safe haven because it maintains long-term value and avoids the volatility that impacts the stock market and other investment vehicles. That is especially true when it comes to Merrick Manor and Coral Gables, which was recently declared the “best place to live in Florida” by finance publication Money Inc.
In fact, the current stock market plunge caused by COVID-19 might “actually result in more interest in real estate as a more stable investment,” according to a new report from Naples Daily News. The publication interviewed numerous real estate experts about how strong market fundamentals and the unprecedented opportunity for residential buyers to lock in historically low interest rates should result in Florida gaining even more new residents in the coming months.
“Oddly, it can affect us positively,” Cushman & Wakefield Commercial Property CEO Gary Tasman told the publication. Tasman noted that out-of-town buyers are likely to decide, “we’ve been planning to move to Florida, so let’s do it now.”
Like everyone else, the team at Merrick Manor is focusing on doing our part to keep our residents and loved ones healthy by following the recommended guidelines to help prevent the spread of COVID-19. Safety is our top priority during these challenging times.
Merrick Manor is the only brand-new, move-in ready condominium offering in Coral Gables. Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor also has a Zillow Walk Score of 77, making it “very walkable.”
Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.
For more information about the residences at Merrick Manor, visit the Sales Gallery on the ground floor of the building – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.