(954) 770-8525

Forecast for the New Luxury Buyer
Forecast for the New Luxury Buyer

 
Wednesday, May 11, 2016

Fort Lauderdale and all of South Florida has been in a cycle of growth from new developments to condos selling for high values in my featured buildings. The average buyer varies in Fort Lauderdale, and the foreign cash buyer has been an impetus in the growth of Fort Lauderdale. Brazilians, Chinese, and Latin American buyers have made up a large portion the past five years, however this is slowing. The Chinese stock market is volatile, the Brazilian real is in half, and the price of oil is further slowing these buyers. The dollar is strong and bringing new buyers.

The new buyer in Fort Lauderdale is a domestic buyer looking to take advantage of the incredible location and amenities of Fort Lauderdale. The Canadian buyer was a large presence, however the dollar is stronger and slowing buying. The buyers that are anticipated and coming to Fort Lauderdale and buying are domestic buyers looking for waterfront pied et tiers and access to the islands. Buyers from New York, Boston, and Chicago are making up many buyers in my market. If you are looking for a waterfront Fort Lauderdale property, 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: Friday, December 14, 2018

Why Do Lenders Sell Loans?...
When you first work with your loan officer very early on in the process, yoursquo;ll soon es...

The Tell Tale Signs it is Time...
Insufficient Living Space - A growing family, for example, would require m...

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