News
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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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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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Despite the challenges faced by the entire US real estate market, the situation in Tampa, Florida, remains relatively favourable due to a strong labour market, a low inventory of housing, and a continuously growing population. The forecast for 2023 is also optimistic: experts expect a growth of demand, a low supply, and high prices, at least for...
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The annual Bilzin Sumberg Development Conference 2023 in Miami brought together representatives of developers, credit organizations, and investors to discuss the key market trends. Condo redevelopment is considered one of the major opportunities for the future. The most popular decision for international investors wanting to enter the South...
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A US study showed that many people across the country move from one state to another. According to the statistics, every 4th respondent wants to move to a new place. In January 2023, Miami was recognized as the most popular location for resettlement. Half of the 10 most popular migration destinations are in Florida. These are Tampa, Cape Coral,...
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Experts say that the growing popularity of short-term home rentals affects the conventional lease. The growing influx of tourists incentivizes homeowners to raise the prices of long-term rentals too. This trend is relevant for those who are planning to purchase real estate in the USA, making Florida a particularly lucrative choice. As of December...
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Château Artisan, a mansion with a floor area of 1,858 square meters has been listed for sale for nine months, since July 2022. It is located to the south of Miami, between the Everglades and the Biscayne National Park, on an artificial island amidst a fresh-water lake. The foundation is carved from a coral rock. The house can be reached both by...
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Installing solar panels in Florida’s residential properties has long become a commonplace measure. Using such solutions in commercial premises, however, has not been so widespread, but lately more and more major companies are beginning to understand the value of installing such panels on their roofs. For instance, one of the local financial...
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