South Florida Real Estate Continues to Attract Buyers Through the Abundance of Affordable Housing Options
Buying real estate in Florida continues to be a dominating trend in the United States housing market, especially with the condos and homes for sale on the beach within Miami and Fort Lauderdale real estate. With these apartments for sale Spain is a major influence, as much of the population in Florida is represented by the Latino-American culture. Regardless, this demographic has little to no influence on recent boom of condos, as 93% of the condos available in this region were sold last year.
Although apartments for sale Spain is a major influence, so too is Italy. Fort Lauderdale is sometimes referred to as the “Venice of America,” because the area features 165 miles of waterways, and features an expansive and intricate canal system, similar to the cities of Venice, Spain and Venice, Italy. In addition to the beautiful waterways, the city and its suburbs host a variety of great attractions, including over 4,100 restaurants, and over 120 nightclubs, with most of them being located within the arts and entertainment district of Ft. Lauderdale. Although Ft. Lauderdale has a reputation of being a destination for college spring breaks-established in the 1960s, particularly with the release of the movie “Where the Boys Are”-the region indeed provides wonderful real estate for living, adjacent to the Atlantic ocean and including over 7 miles of beaches.
Condominiums are especially appealing in this area, mostly due to their affordability. Currently 15,772 condo units are available in the Miami-Dade region. With most of them facing foreclosure, the units can be purchased for well under the market-value. However, the region does host a number of high-class condominiums, such as the “Palazzo D’Oro” penthouse, worth a pricey $55 million. The surplus of available real estate in this region, combined with the red-hot global interest, allows for this region to dominate the real estate market in America. For more information see this.