News
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As the South Florida real estate market overheated, the small and, until recently, not too famous town of Bay Harbour Islands has grown popular among fans of opulent mansions over the past few years. The town consists of two islands to the north of the Biscayne Bay and has a population of 6,000 people. A unique mansion in the “organic modern”...
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Starting your own business is always challenging, so it makes sense to carefully consider all parameters before deciding in which city to open a company. The financial website WalletHub compiled a ranking of the best US places for startups based on indicators such as average business costs and availability of various resources. As a result,...
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Volusia County, just like other Florida areas, is experiencing a construction boom that shows no signs of slowing down. The southeast part of the county on the ocean coast is particularly popular. Cities like New Smyrna Beach, Port Orange, and Edgewater offer residents a unique beach lifestyle. One of the most promising off-plan residential...
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Last year, Walt Disney World announced the plans of building a large-scale residential project to the south of Flamingo Crossings Town Center. 324,000 square metres will be designated for the development with affordable residences. The candidates for such accommodation will supposedly have to meet the income level requirements. These tenants will...
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Sales of residential properties in South Florida dropped again in Q1 2023 as the number of listed homes increased, though still remaining below the pre-pandemic level. The only market where sales rose was Palm Beach County, specifically, three towns on the ocean coast: Manalapan, Hypoluxo Island, and Ocean Ridge, according to a report by Douglas...
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On April 3, the West Palm Beach City Council approved an agreement between the Department of Housing and Community Development and Affiliated Development, a company involved in property investment and construction and headquartered in Fort Lauderdale. Under this agreement, the developer will build the eight-storey residential project The Spruce...
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An opulent estate in Dade City, Pasco County, Florida, has become the most popular residential property in the USA listed for sale on the Realtor.com® platform. The asking price is $19 million. The huge land plot spanning over 810,000 square meters accommodates a spacious mansion custom-designed for the previous owner, Thomas Johnson. Mr. Johnson,...
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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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