Florida’s real estate ‘gold rush’ draws the super-rich as rising costs push others out

The luxury property surge fuels growth in Miami, but a poll finds many residents weighing an exit over housing and living costs To a casual observer, everything in south Florida’s real estate garden is looking rosy. There’s a “gold rush” in Miami as ultra-wealthy buyers snap up mega-mansions and luxuriously appointed condos as soon as they hit the market; and the Guardian has also reported recently on the “Mamdani effect” of elite New Yorkers arriving in the sunshine state with bulging pocket...

By Richard Luscombe