Miami’s banking industry is aggressively hiring to accommodate the influx of flight capital from numerous Latin American nations, including Argentina, Brazil, Chile, Peru and Mexico. With a limited collection of rented condominiums that provide immediate income and long-term upside, Merrick Manor is an ideal option for individuals from these nations seeking to relocate funds to Miami.
Some of the largest players in banking, such as JPMorgan, are reporting a notable uptick in Latin American assets managed in Miami, according to Bloomberg. JPMorgan expanded its Miami-based team by 10% to serve clients from Mexico alone. It manages approximately $180 billion from Latin America.
Latin Americans are reacting to leftist governments in their native countries by seeking a safe haven for their assets in Miami. The strength of the local real estate market, which continues to outperform the national housing sector, makes purchasing real estate in Miami much more appealing to Latin Americans than buying stocks or bonds.
Only a few of Merrick Manor’s rented condos remain available, so time is running out to purchase the last inventory of its kind 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 is just steps away from the world-class Shops at Merrick Park and 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 in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – 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.
