News and articles
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The complicated global situation, with the coronavirus pandemic in 2019–2021 and the military conflicts in 2022, has changed the tastes of property buyers. According to some surveys in the USA, people prefer to purchase more spacious residential properties such as detached houses with their own land plots. In addition, the warm climate and the...
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Americans and nationals of other countries have been increasingly moving to Florida, particularly to the Tampa Bay area. According to last year’s data of the US Census Bureau, the population of Florida has been growing faster than that of any other state. Such performance has been recorded for the first time since the 1950s. Recent data shows that...
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According to local realtors, homeowners in the luxury segment in South Florida lately prefer to build larger guest houses, sometimes even entire guest mansions. They occasionally purchase a neighbouring property or a second condominium in the same complex for that purpose. This trend is particularly strong in the Miami metropolitan area. For...
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The year 2023 might not be particularly favourable for Florida’s real estate sector, especially in Miami-Dade County. Experts believe that inflation, growing mortgage rates, and a shortage of supply in the market may cause a sharp drop in housing sales. The Association of Florida Realtors believes that the state’s residential property market will...
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Coconut Grove in Miami, Florida, was previously considered “bohemian” and accommodated creative workers, but it has lately earned the status of a truly high-end location. It is here that two mansions and a land plot with a long beachline and ocean views are located, which were sold within the most expensive residential property transaction of 2022...
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As the world recovers from the pandemic, the property sales volume is beginning to increase. According to the International Residential Transactions in Florida Report by Florida Realtors®, the number of such transactions grew by 5% from August 2021 through July 2022 compared to the previous 12-month period. Due to price hikes, the sales volume in...
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Florida is a land of snow-white sandy beaches and orange plantations. The state is known for luxury resort cities and financial centers-megacities, and it is the world capital of theme parks. At the same time, 4,510 islands belong to Florida. In terms of their number, the state is the second in the United States after Alaska. For many potential...
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According to latest data from Black Knight, Inc. that recently published a report on the number of new mortgages, the US market of residential properties is beginning to revive. The situation in Florida, however, remains uncertain. The Miami – Fort Lauderdale – West Palm Beach metropolitan area rose slightly in the ranking of locations by the...
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According to a recently published report by Point2 Homes, the median homeownership tenure in Miami reached seven years in 2022, which is a year longer than a decade ago. In Fort Lauderdale, this term extended to six years. The situation in South Florida is different from the average performance across the US, where people stay in one place for an...
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The Florida real estate market keeps outperforming the US national average. The number of houses for sale in January 2023 was 138,000, a 36% increase over the previous year. However, demand continues to outstrip supply. Content: Figures for January − February 2023 What types of real estate investors are looking for? The dynamics of Florida...
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