Miami has been at the epicenter of high-end luxury real estate for many years. However, due to rising values over the last couple of years, the market has shifted north to Broward County. The Fort Lauderdale real estate market has been evolving and growing for almost a decade and there is still ample upside potential…. read more.
Fort Lauderdale continues to shine as one of the strongest real estate markets in South Florida. “The median price in Fort Lauderdale is a record [$305,000] going back at least 10 years, blending of homes and condos. That’s something we’re not seeing in most of the other markets,” as quoted by Jonathan Miller of Miller… read more.
For many years, foreign buyers invested heavily in South Florida real estate, preferring residential investments over commercial investments. Residential investments are relatively easy to buy and sell, whereas commercial investments are longer term commitments and can be more complicated to sell. Residential purchases can also provide a home and a lifestyle that investors can enjoy… read more.
2016 was a year that the South Florida real estate market saw slowing sales, especially in the luxury condominium market. Developers are now being more realistic with their pricing and putting new projects on hold. The impact of a strong U.S. dollar compared to foreign currencies reduced the buying power of some international buyers. The… read more.
The real estate market is dynamic and changes with different events taking place on the world stage. In most cases we have no control over these events, but it’s how we react that will make the difference between success or failure. Many of these events were in play in previous cycles when the market went… read more.
World class beaches, desirable weather and a growing international airport have put Fort Lauderdale on the map as a highly desirable tourist destination. However, development in downtown Fort Lauderdale has lagged behind the beach area, but this is not so anymore. The downtown has grown into a business hub with many companies now relocating their… read more.
For many years, South Florida real estate has attracted wealthy buyers, primarily from Canada, Europe, and Latin America. However due to a strong U.S. dollar and weak foreign currencies from these areas, the pace has slowed. Now, buyers from countries such as Turkey and China are considering and investing in our market. In the past… read more.
The South Florida real estate market recovered from the recession of 2008 with double digit price growth from 2011 until early 2015. Pricing became over-inflated, especially in the Miami marketplace as foreign buyers took advantage of the weak dollar and falling prices by investing in Miami real estate. This fueled a buying frenzy and unsustainable… read more.
With the United Kingdom voting to leave the European Union, what does Brexit mean for the US real estate market and South Florida in particular? According to some experts in the financial and real estate fields, it could have a positive impact on South Florida real estate. Foreign buyers looking for a stable and safe… read more.
The real estate market is affected by economic, financial, and social conditions as well as the perception projected by the media. During the last real estate cycle, the market was driven by developers, certain reckless lenders and speculators flipping properties for a quick profit. The media glorified this speculative fever by promoting people living the… read more.