Prime Residential Hybrid
Rank 11
Miami Prime
The US FO-proxy sunbelt that already took $4.4bn of foreign residential capital in 2025 — cooling, not collapsing.
Photograph by Rhododendrites, CC BY-SA 4.0, via Wikimedia Commons, resized
Why it is here
Knight Frank’s Wealth Report: Miami −0.5% in 2025 after a stellar run since 2021, five-year +67.1%, ~$3bn super-prime sales and $4.4bn of foreign residential investment in 2025. PGCI +2.9% YoY / +3.0% QoQ by Q1 2026. Savills: $1,440 psf / €13,400/sqm (Dec 2025) after −6.2% in 2025; H1 2026 capital values −0.3%; 2026 forecast +2% to 3.9%. Elliman Q3 2025 luxury condo (top 10%) average $8.68m. USD 1mn buys 58 sq m (from 97 in 2020). Ranked for demand and the amenity/tax stack, with a liquidity asterisk versus New York and Palm Beach Island.
Who it is for
US and LatAm families relocating a family office or winter base who want no state income tax and will accept a thinner trophy book than Manhattan.
Sources
- The Wealth Report 2026Miami −0.5% in 2025; five-year +67.1%; ~$3bn super-prime sales; $4.4bn foreign residential investment in 2025.
- PIRI 100: the ultimate prime residential property indexPrices fell slightly in Miami after a stellar run since 2021.
- Prime Global Cities Index Q1 2026Miami +2.9% YoY and +3.0% QoQ; five-year +64.4%.
- World Cities Prime Residential Index 2026 forecast vs 2025 growthMiami Dec 2025 $1,440 psf / €13,400 psm; 2025 −6.2%; 2026 forecast +2% to 3.9%.
