"The surplus of condos and slowdown in transactions come at a time of rising concerns over needed repairs of aging buildings. After the Surfside collapse, new Florida condo laws have moved associations to increase monthly fees and add special assessments."
"The total number of condo deals fell in both counties...Miami-Dade saw a nearly 15% drop. Broward condo deals plummeted nearly 24%."
"Condo shoppers want peace of mind and lean more toward higher-end condominiums under 30 years old to avoid the rising financial pressures...Newer buildings are going to be highly sought after."
Collection
[
|
...
]