JOURNAL ARTICLE

Winning Article: "Do Foreign Buyers Really Pay More? Evidence from the Miami Condo Market".

  • Published In: Appraisal Journal, 2024, v. 92, n. 3/4. P. viii 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

The article "Do Foreign Buyers Really Pay More? Evidence from the Miami Condo Market" by Marcus "Tim" Allen, Kimberly R. Goodwin, and Jennifer A. O'Sullivan, explores the pricing dynamics in the Miami condominium market between foreign and US buyers. The study suggests that foreign buyers, particularly from Brazil and Venezuela, paid a statistically significant premium during the study period, possibly influenced by economic and political crises in their home countries. The research indicates that advancements in technology have reduced information asymmetry, potentially impacting the pricing premiums paid by nonlocal buyers. [Extracted from the article]

Additional Information

  • Source:Appraisal Journal. 2024/07, Vol. 92, Issue 3/4, pviii
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2024
  • ISSN:0003-7087
  • Accession Number:184922824
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