News and articles
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Orange County Public Works will soon kick off a construction project worth $23.4 million and aimed at improving the capacity of three major retention ponds in Orlo Vista. This will be achieved through vertical expansion – deepening each retention pond by approximately 3 meters and reinforcing their banks. The two currently installed pumping...
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Walt Disney World selected the developer that will build the new affordable residential complex on a land plot of approximately 320,000 square meters in the southwest of Orange County, Florida, only a few miles away from the famous theme parks by Disney – Magic Kingdom and EPCOT. The project will be developed, owned, and operated by The Michaels...
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Studio apartments in Florida have advantages and disadvantages and studying these features will help you understand if such an apartment is a good choice for a particular buyer. Content: Pros 1. Profitable investment 2. Quick sales and purchases 3. Inexpensive property option 4. Fashionable apartments 5. Condos 6. Developed...
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Despite the high interest rates on loans, construction of new homes in Florida energized due to high rentals and low vacancy rates. Marcus & Millichap, a brokerage firm, reports that the average rent in South Florida reached $2,500 per month in the third quarter of the current year, with less than 5% of accommodation available. The vacancy rate...
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Sales of multi-family residences in Miami-Dade, Broward, and Palm Beach Counties in South Florida were slightly under $5 billion over the first half of 2022. This is an almost record-setting amount, second only to performance in the first half of 2021, according to Cushman & Wakefield, a real estate services firm. The average selling price of...
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The market of rental homes in southern parts of Florida was one of the most active in the USA but higher interest rates on loans pose a threat even to such successful counties as Miami-Dade, Broward, and Palm Beach. Mortgage-financed sales of apartment blocks reduced there. This is happening as the state is rapidly recovering from the coronavirus...
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Over 30 million homes across the USA are not pledged under mortgage loans, which corresponds to 34% of all single-family houses and condominiums. The greatest share of mortgage-free properties was registered in Florida, which also boasts the country’s highest percentage of retirees in the population. Attom, a firm that specializes in real estate...
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West Florida attracts newcomers with tropical beaches, sunny weather all year round, and the lack of state-level taxes, so the number of people willing to purchase a home here remains consistently high. This region is now entering the high season that usually lasts from January through April, although “early birds” start coming in mid-November....
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A Redfin study showed that 58% of homeowners across the USA took measures to safeguard their properties from threats related to the climate change. A third of landlords invested $5,000 or more to protect against the climate-related risks. About a fourth spent under $4,999, while 42% decided not to do anything. 36% of homeowners insured their...
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CIP Real Estate, a company involved in real estate investment with a focus on acquisition, repositioning, rebranding, and management of industrial assets, has entered the Florida market. The investor paid $74.34 million for two business parks in the highly sought-after eastern part of Tampa. Their combined area is almost 38,000 square meters of...
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