"The Miami real estate market continued its solid expansion in the first quarter of 2020," said MIAMI Chairman Jorge L. Guerra Jr. "The solid fundamentals of the South Florida real estate market in first quarter are already minimizing the impact of COVID-19 on sales activity and demand. We are seeing a new upward trend in sales, pending contracts and registrations and we expect pent-up demand. "Insufficient demand and supply, particularly in certain price ranges and neighborhoods, will continue to generate price appreciation".

"Many employers and businesses are realizing how much more productive teleworking can be than anticipated. Thanks to digital, it is notably" cost-effective "with less travel time and works, in certain aspects, as well as a presence in the office. "Why go back? On this basis Miami will most certainly be THE big winner in cities positively affected by the decentralization of employment".

“Indeed, the Miami market is still at an average price per square meter 50% to 60% lower than cities such as London, Paris, New York or San Francisco, while offering possibilities for the creation of businesses and lower taxation than in other US states, "said Adam Redolfi, director Barnes MIAMI."

Physical visits being prohibited, these are now done digitally. In addition, the Association of Florida Real Estate Agents has put in place an amendment to the purchase contracts allowing the two parties to extend key dates if necessary due to the pandemic. This greatly facilitates transactions and reassures sellers and buyers.

The BARNES Miami teams had to adapt to these new constraints and accelerate the development of digital tools. "Most buildings no longer allow real estate agents to make visits, we have implemented several digital tools to promote our mandates. We do virtual tours for our customers via Face-time, WhatsApp, Zoom but also thanks to 3D, drones, videos and personalized tours.