Land rush: 10 years ago in Latin Trade.
LAND RUSH Lewis M. Goodkin, president of Miami-based Goodkin Research Group, says Latin interest in Miami real estate has increased in the past year. "I think Miami is a hot ticket, wherever you go," he says. "I don't believe last year's Summit of the Americas really had a major impact. The strong momentum of sales and investment was in place long before then." Latin residential sales are one reason why Miami is the only metropolitan area in Florida whose housing starts in 1995-2005 are expected to be greater than the previous period, according to the University of Florida's Bureau of Economic and Business Research. "By the year 2000, one in four total sales in Dade County will be from offshore purchasers," Goodkin says, "and the foreign market will be dominated by Latin Americans."