News
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Mortgage rates fell to 6.39% from 6.43% this week. This can be seen as a small incentive for property buyers. At the same time, a year ago the rate was, on average, 5.27%. The average rate declined for five weeks in a row before rising during the last two weeks of April this year. For potential home buyers, this trend is favorable. The average...
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According to experts, an elite estate in Palm Harbor on the coast of the Florida Keys, which served as an exotic "backdrop" for filming advertising campaigns of famous fashion brands, was sold for $23 million. This became a record for the sale of real estate. The estate was put up for sale in March 2022. The house has a total area of 697 m2, four...
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Lots of people may view Miami more as a place to relax rather than live. However, the excellent economy and the right development policy have made South Florida a global family and financial hot spot. According to Mayor Francis Suarez, Miami has become the most dynamic city in the world. He also added that direct flights from Miami International...
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According to real estate experts, houses in Tampa with a competitive price in attractive areas and excellent condition attract buyers almost immediately. At the same time, real estate that requires some modernization or is located in less popular areas is on the market for 30, 60 and even 90 days. The average house price in Tampa is now $364,000,...
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Florida continues to surprise with exclusive luxury real estate. For sale is a new house for $22 million with a private beach, which has already made a splash in the development market. A new four-storey house on the seashore is ready to receive its first owner. The area of the property is 741 m2. The house is located in Inlet Beach of Seacrest,...
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The demand for residential properties in Central Florida remains high, and developers strive to satisfy it. For instance, the new residential project Spring Walk will soon emerge in DeBary, Volusia County. The complex will comprise 150 single-family houses with three-four bedrooms and a floor area of 167 to 237 square metres. Every home will...
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Major Food Group that operates a series of extremely successful restaurants has recently announced the construction of a residential complex, the first one in its portfolio, in collaboration with the developers Terra and One Thousand Group. The latter became famous for working with the renowned architect Zaha Hadid. The new oceanfront residential...
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The value of houses near the Tampa Bay is rising rapidly, says Bob Glaser, President and CEO at Smith & Associates Real Estate. According to him, the local real estate possesses some resilience to a significant slump. The market activity has reduced compared to the previous year, but the number of buyers still exceeds the number of houses...
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The popularity of remote work affects southern parts of Florida, including Victoria Park, a neighbourhood in Fort Lauderdale where a house that used to cost $600,000 in 2019 currently sells for $2.3 million. The Miami metropolitan area, which Fort Lauderdale is part of, attracts the greatest number of in-migrants in the USA compared to the...
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The South Florida commercial property market is noticeably rebounding after a little slump in winter months. The VTS Office Demand Index surged by 31.3% from February to March. Major players in the local market also report greater activity. Kevin Will, Senior Associate at Foundry Commercial, says that the office vacancy rate in Winter Park, a...
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