Deigo Besga is the COO and director of business development for TRED, as well as partner developer with H3 Condominium working in Hollywood.

Every week, we ask a Miami real estate professional for their thoughts on the top three stories from the week before. This week, we spoke with Deigo Besga, COO and director of business development for TRED, as well as partner developer with H3 Condominium. 

Miami Agent (MA): Because Miami is such an international city, when you’re first evaluating developments, do you consider features that would be popular with international buyers, or do you build for Miami’s native populace?

Diego Besga (DB): We consider features for the Miami buyer regardless of where they are from, because they are all looking for the same thing: being in Miami, investing in Miami and everything else that comes with it.

MA: According to a new report, January residential construction spending was up 16 percent from the same time last year – potentially a good sign. However, we reported recently that construction spending was and is often being directed to more expensive projects. Have you noticed this trend, and do you think the positive numbers are more a reflection of luxury properties being built and not builders addressing inventory shortages for lower income and middle class buyers?

DB: I believe it is related to more expensive projects, but I am certain  it is time to begin looking into those two other markets as well.

MA: You’ve said that what fuels your passion for real estate is “the constant dynamic” of the business. Could you elaborate on what you mean by that?

DB: I meant the constant changes on the market – the trends, and being aware and knowledgeable on the next big thing. As mentioned in my previous answer, even though we are in a luxury market right now we need to be prepare to supply housing for middle and lower class buyers, as well. Real estate business is in constant motion – type of buildings, locations, trends , etc. There is always something new to do, to build.