by James McClister

There is no denying the affordability and oversupply problems plaguing the Miami market, but that doesn’t negate the fact that it’s still considered one of the top real estate markets to watch in 2017, according to a joint report from the Urban Land Institute and PwC.

In a survey of more than 500 real estate professionals, around which ULI and PwC shape its annual report, Miami was ranked the overall No. 25 market to watch in 2017, with the consensus being that it is a challenged market but still provides great opportunities for both investors and families.

Praise for the Miami market included:

International investment is again growing in the market

Demand is increasing in the industrial sector, which is leading to stronger market fundamentals

Commercial development is growing and will benefit the overall market

To see Miami’s full rankings and how it compares to other cities, see our table below: