Prime property prices in Miami have risen about 91% over the past five years and with many projects breaking ground, the growth doesn't seem to be stopping anytime soon. Miami now ranks 6th amongst cities worldwide in terms of average price per square foot at $1K, tied with Los Angeles. London leads at $3,800 sq ft followed closely by New York and Hong Kong at $3,200.

Miami has rebounded from a 2008 crash which saw prices violently crash after a rapid rise that started in 2004. The banks fueled this rapid rise in pricing by approving loans that should never have been approved. Mortgages began to go into default causing mass foreclosures. This same knife that killed the Miami real-estate economy became the same fuel for it to recover. Slowly investors began to come back to Miami, snatching up inventory at bargain prices. This has led to a rapid rise in the market as Miami has become one of the hottest real estate markets in the world.

The rise in prices this time around are due to large pools are international investors, wealthy american investors and hedge funds which should single stability as opposed to the bad loans. The city of Miami in its current form is still in it's infancy and much of it is under 10 years old. If you are looking for a great place to invest in real-estate, Miami is a great spot to consider for either appreciation or rental opportunity.