Experts agreed that Miami real estate fundamentals either improved in the second half of 2009 or the deterioration began to slow.

However, many landlords are still facing liquidity issues - particularly owners who purchased properties at the peak of the real estate market in Miami. Their equity is gone. That will mean bargains for new buyers that want to buy homes, condos, commercial properties and of course, foreclosures.

Specialists expect to see some great opportunities in the Miami Real Estate Market to acquire assets in the next year and 24 months. In fact, many agree that in 2012 if you are not in the market you are going to be too late.

Banks holding back on property foreclosures in Miami are delaying the market comeback. If the banks would put their properties out on the market, you'd see a massive resurgence of transactions, and you'd see prices firm up. But the financial system is not solvent enough to let that happen.

Financial institutions like JPMorgan Chase & Co., for example, plan to expand their presence in Miami. They consider that the Miami Real Estate market will pick up, especially, the residential mortgages for homes and condos. JP plans to hire 600 people this year in Florida, with 250 of them in South Florida alone.

One of the main factors for this improvement will be thanks to the Latin American investors interested in buying homes and condos in Miami. Actually many of them will be also attracted to buy commercial properties as well.

The main reason for these investors to be so interested in the Miami Real Estate Market is that for the first time in 30 years, properties in Miami are cheaper than in any major city in Latin America. Experts say that this makes Miami a prime spot for overseas investment.

Homes and condos for sale in Miami are priced at all time low of 40 to 60 percent less than their peak in the early 2000s. Therefore, the number of distressed and repossessed properties is becoming too hard for foreign investors to pass up, especially with the American dollar still weaker than most European currencies.

According to real estate agents in Southern Florida, sales have increased steadily over the last year and half. Condos in the Brickell area have been snapped by 1st time buyers and investors as developers in agreement with banks have reduced prices to levels below construction costs for some of the high-rises.

Many realtors in Miami have so much faith that overseas investors will come back to the Miami real estate market given the low prices and less financial red tape. Conditions seem prime for overseas investors to seize Miami real estate.

Miami has always been a vacation hotspot for many Latin Americans, but now holidaymakers can see a return for their invested getaway rather than waste thousands on vacation packages and time shares.

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