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Why is Luxury Real Estate in South Florida in High Demand? The pandemic has driven up demand for luxury property from northern buyers seeking shelter in South Florida By Patrick Stevens The allure of sunshine and sand along South Florida's coast has long been a draw for Northerners seeking to retreat to a warmer climate, but the migration south is heating up due to COVID-19, with buyers scooping up real estate and making the decision to permanently call Miami home. "Miami has always been one of the most desirable places to live in the world," said Chad Carroll, a leading broker with Compass who relocated to South Florida from New York in 2008. "From an affordability standpoint, you get more space and better quality real estate at any price point when you compare to New York inventory. From a lifestyle standpoint, there is nothing else like it." Royal Palm Residences Courtesy One Sotheby's International Realty