News and articles
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The year 2022 turned out to be extremely profitable for the commercial property market in the Tampa Bay area. 20 largest transactions alone brought the county a total of over $2 billion. Active in-country migration, a rapid rent growth, and a healthy labor market made this part of Florida a juicy deal for investors looking for profit. Apartments...
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A new record-breaking property sale was recently closed in the Bay Point community near Orlando, Florida. An opulent waterfront mansion sold for $6.475 million is located on a 3,000 sq m land plot and overlooks Lake Tibet. The grounds include 52 m of private shoreline, complete with a covered dock and two yacht lifts for fans of water sports. The...
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A luxurious mansion (the largest in South Tampa) sprawling across over 2,000 sq m was built by Derek Jeter, a baseball star. The construction cost $7.7 million. This property was sold for $22.5 million in 2021. The oceanfront house is located on Davis Islands and has access to a bay, where a place for berthing and lifting two yachts is equipped....
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Last month, documentary stamp tax for title deeds issuance brought $32.8 million into Florida’s budget, which is 23.9% less than expected. This reflects a decline in sales of single-family houses in this state by 38.2% compared to 2021. Condominium and townhouse sales reduced by 38.9%. Last week, the industry association Florida Realtors noted...
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The coast of Florida, including the islands, stretches for 13,000 kilometres along the Gulf of Mexico and the Atlantic Ocean. The Sunshine State offers some of the best marinas in the world for luxury yachts, as well as luxury real estate in Florida for yacht owners. Content: Miamarina at Bayside, Miami 5th Street Marina, Miami Miami Beach...
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The home rental market in Southwest Florida, hit by the devastating Hurricane Ian three months ago, is considerably overvalued. The Cape Coral – Fort Myers metropolitan area is again at the top of the US markets where the rent exceeds the normal value the most. This premium grew from 17.37% in October to 18.05% in November. Many residents of Lee...
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The real estate market in Bonita Springs and Estero in Southwest Florida is still a “seller’s market”, as evidenced by the average price of $515,000 this November, which is 15.3% higher than in 2021. Properties now spend an average of 31 days in the market, which is considerably more than 17 days last November. The prices have therefore increased...
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West Palm Beach, Florida is a popular migration destination. One of the largest real estate transactions of the current year has recently been made there, as a condominium on the 14th floor of the 25-storey beachfront residential tower, The Bristol, was sold for $12 million. The property was listed in the middle of October and spent about five...
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Knight Frank, an architecture consulting firm, shared the top trends in real estate that will set the pace next year. These include converting non-residential facilities to residential stock, building luxurious bunkers for the super-rich, making aboveground swimming pools, and purchasing a second home with hotel services in the city in addition to...
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Discouraged by mortgage rates that surpass 6%, first-time buyers of residential properties increasingly prefer to pay in cash to avoid high expenditures. The latest report by the Redfin brokerage shows that this October, 32% of homes sold in the USA were paid for in cash. According to the company’s data, this is 29.9% more than last year and the...
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