News and articles
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Boston Red Sox baseball legend David Ortiz recently sold his home for $10.55 million dollars in Pinecrest South Florida. The property sold has become the most expensive in the history of this region. The mansion with 5 bedrooms and 8 bathrooms covers an area of 945 m2. The house has a home cinema, a sports bar with a video wall of 9 screens. There...
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Investing in real estate in Florida has been a hot trend among affluent residents of the US and the rest of the world for more than a decade. During that time, the average price of a single-family house in Florida has risen from $145,000 in 2012 to $402,500 at the end of 2022. The most sought-after location for investors and renters in the state...
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According to experts, in 2023, the area of hospital construction in Florida increased by 64% to more than 836 m2. The cost of financing the construction of medical institutions increased by 125% to $1.15 billion. Jacksonville leads the state in the number of hospitals started, both in dollar value and in area. Southeast Florida is just behind. At...
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According to data for Q1 2023, the average sale price of a single-family property in the state in March was $405,000. This is 2.1% more than in March 2022, according to the Research Department of Florida Realtors in partnership with local councils and associations of realtors. The average price for condominiums and townhouses in the state was...
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Florida developers are going to erect a luxury high-rise residential building Baccarat Residences on the site where ancient artifacts were found. The site is located at 444 Brickell Avenue, on the south bank of the Miami River, next to the Brickell Bridge. It is reported that after excavations at this place, ancient artifacts were discovered, the...
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Miami's welcoming and diverse community attracts buyers from all over the world, and their number is only growing. Last year, buyers from abroad purchased residential real estate in South Florida in the amount of $6.8 billion, which is 34% more compared to $5.1 billion in 2021. According to the latest global study by the Miami Association of...
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In Florida, tourists only need a national driving licence issued in their home country and a credit (not debit) bankcard to rent a car. Those who rented or purchased real estate in Florida and moved there long-term will need to obtain a local driving licence and join the army of 18 million Florida drivers. You can drive a car with a foreign licence...
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In 2022, more people moved to Florida than anywhere else in the United States. Thus, the state became No. 1 in migration. At the same time, according to the US Census, almost 70% of the occupied housing units in the city are rented. Only 30% of Miami residents are homeowners. Most of the homeowners are investors. Many of them own housing purchased...
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California and Florida are among the three most populous states in the US. It comes as no surprise since both Americans and immigrants prefer locations with a well-developed labour market, a warm climate, and beaches. The number of people who want to buy real estate in Florida has increased significantly over the past three years. Today about 22...
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According to expert data, in May 2023, the growth of housing prices slowed down, and housing stocks continued to decline. The average price of residential real estate in Miami in May was $608,000, which is 2.3% less than in 2022. In total, housing prices fell in 21 of the 50 metropolitan areas of the United States. According to economists, April...
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