South Florida’s lifestyle and tax friendly environment continue to attract individuals and corporations from around the world. With international political and economic unrest, the United States is still considered a safe haven. Also the new U.S. tax law, limiting the mortgage interest deduction and deductions for state and local taxes (SALT), has been a positive… read more.
The Florida Council of 100 is comprised of business leaders representing more than 100 companies and more than 500,000 employees. One of its primary tasks is to help South Florida avoid the vulnerabilities that negatively impacted the area during the last recession. The Council’s latest report, called “Project Sunrise,” came out with a number of… read more.
There are many factors and statistics to look at when trying to determine the health of the local economy. One simple and un-scientific way is to simply note the increasing number of cranes on the Fort Lauderdale skyline. One notable place to see cranes at work is at the busy intersection of 17th Street and… read more.
The real estate market in Fort Lauderdale has experienced a record-setting pace of development over the past five years. A large number of condominiums and apartments have been built and many are still proposed or under construction. New hotels such as The Dalmar are open and construction is moving quickly on Main Las Olas, the… read more.
Historically, Florida has been at the top of the list for retirees, empty nesters and seasonal dwellers. Recently, it has been attracting high net worth individuals coming from states with onerous state and local taxes such as New York, New Jersey, Connecticut and California. N.Y. Governor Andrew Cuomo blamed a $2.3 billion dollar shortfall on… read more.
As defined by the Internal Revenue Service, an Opportunity Zone is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Opportunity Zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017. The intent is to bring opportunities to residents… read more.
As the year comes to an end, data from the Miami Association of Realtors and the Miami Multiple Listing Service is now available for the 3rd quarter 2018. We can now make some sales comparisons with 2017 vs 2018 and residential sales were up in Broward, Miami-Dade and Palm Beach counties. Broward County residential sales… read more.
Fort Lauderdale’s downtown area is becoming the region’s latest hot spot. A downtown that for years only had two hotels is now adding a number of brand-name hotels offering everything from luxury to affordable chic. In the transportation sector, Brightline now provides train service linking Fort Lauderdale to Miami and West Palm Beach with a… read more.
For many years now, South Florida real estate has been very attractive to foreign buyers and especially to those from South America. The region’s reputation globally has matured for both residential and commercial properties. European and Canadian investors now account for a larger share of foreign investment according to a report by the National Association… read more.
In the 2018 edition of Price Waterhouse Coopers (PwC) “Emerging Trends in Real Estate” Fort Lauderdale is ranked as one of the most desirable markets for real estate investment. Fort Lauderdale moved up from Number 35 in 2017 to Number 6 in 2018. Out of the 78 markets analyzed in the study, Fort Lauderdale accounted… read more.