(954) 770-8525

Developers Scrambling for Land and the Condo Boom in South Florida
Developers Scrambling for Land and the Condo Boom in South Florida

 
Tuesday, July 29, 2014
Image 1 of 1 Click to Enlarge Image

I reported on the Aquavita, Aquamar, Aqualuna, and Aquablu new developments in Fort Lauderdale and the incredible rush to buy preconstruction in South Florida, and the Wallstreet Journal also discussed the developers mad dash to buy all available land. The statistics they released for Miami reflect largely what is a trend in Fort Lauderdale as well, and that is the market is 100% back.


This time around it is here to stay as well, since developers seeded out speculators through the adoption of the Latin American style of financing, which is nearly always in cash and is across the board at least 50% down. All waterfront land is being bought and the price of condos built from 2003-2008 have increased an incredible 75%. Developers are willing to pay millions for acres of unbuilt land and the demand for these new condos is not slowing whatsoever with many new developments selling out before even breaking ground. If you are interested in a new construction condominium or are a developer looking for representation in a vacant lot sale, please contact me today

Comments: 0
There are no comments for this post.
Post a comment below
LEAVE A COMMENT
 
Name
 
Email Address
 
URL
 
 
Comment
 
Captcha

Type the characters you see in the picture above.
 
 
< Back
pre-construction
Waterfront Condos
Client Testimonials
Resource Center
Email Notification
Updated: Monday, December 10, 2018

4 Essentials for Building a Ho...
The key to staying efficient and on-task is to set up your own dedicated workspace. If yours...

The Best Holiday Gifts 25 And ...
Unzipped Glass Zipper Bag, 16.50Is it a plastic bag? No, itrsquo;s a glass piece cr...

More Real estate News
Copyright ©2018 - Realty Times®
All Rights Reserved.

Check Out these Delicious Thanksgiving Deals in Fort Lauderdale!
Can you believe that Thanksgiving is just around the corner? If the thought of spending...

Planning a Home Remodel? Obtaining the Proper Permits is a Crucial Step
              ...

Broward County Experiencing Major Growth, Great Sign for the Future
               ...

< Visit Our Blog

Facebook Twitter Google Plus Linkedin Youtube