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South Florida condo market faces headwinds amid the new construction boom

South Florida condo market faces headwinds amid the new construction boom

The 10 biggest construction projects it’s backing in Miami-Dade are slated to bring 3,289 new. condo construction in South Florida and was seized by regulators in 2009 after the condo market.

4 Things You Need To Know About Where The US Housing Market Is HeadedIf you’re a real estate agent, odds are you haven’t been closing as many deals lately. Home Prices In South Florida Surge Amid.

The New South Florida Condo Boom! Over 10,000 new condos are already sold in South Florida since the market began to recover in 2011. According to "The Real Deal," at least 23 new condo buildings have already sold out and 25 more are at least 90 percent sold out.

Cranes still hover at construction sites throughout South Florida, tall testimonies to the high-rise construction boom that has rebuilt skylines on the state’s Southeast coast.

Miami Real Estate Consultant Peter Zalewski Discusses The Changing Conditions In The south florida condo market.. New march against proposed extradition bill takes place in Hong Kong Ruptly.

Blame the condo headwinds on stiff competition from a wave of glittering new-condo construction that is remaking the skyline and cementing South Florida’s place as a magnet for foreign money.

Miami-Dade office market shows major gains; Downtown Miami’s largest office lease gets boulevard. Despite 9,000 new units, Miami rental apartments. 20 largest office buildings paid $51 million in taxes; Construction jobs boom might have short life; High interest rates funnel deposits to international banks; Coral Gables office market roaring into 2018

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All along State Road 54 in Pasco County, Florida-forty-five minutes northeast of Tampa-the pine trees and palmettos and orange groves have been cleared to make way for new developments. Over.

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The South Florida condo market isn’t an entire bear though according to real estate expert Richard Swerdlow, CEO of Miami based Condo.com. "Although we are experiencing soft prices and distress in certain projects in the South Florida condo market there is still demand for condo units here" says Swerdlow.

Market Report – Residential Condo Market in Miami, South Florida – March 2017.. there is no distress in the market. New pre-construction deliveries closed out successfully in 2016, demonstrating buyer confidence.. and a licensed Florida Real Estate Professional with over a decade of.

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