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Condos in the South Florida are sold super-fast

 
 
South Florida is experiencing peak of a construction boom. Lots of new modern condominiums being built in Miami and the surrounding area find their buyers with enviable speed. Many apartments were sold once the construction projects were announced. Currently many of condos have already sold all available apartments.

Reasonable prices (compared to prices on world’s leading luxury real estate markets), a huge variety of apartments, features and amenities, flexible structure of deposits and favorable conditions of rental housing attract local and foreign investors.

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In such areas as Hollywood Beach, Hallandale Beach, Sunny Isles Beach, Miami Beach, and BichSaus Brickell 80-90% of residences suggested by already built towers or towers being under construction are sold. In areas of Coconut Grove, North Miami Beach, Surfside, Bal Harbour and Aventura from 50-70% of new apartments are sold out. In Fort Lauderdale and Miami up to 40% of residences found their customers.

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In Brickell, one of the leading South Florida markets, 18 new condominiums with a total number of apartments reaching more than 5,600 were announced in 2012. Almost all of them have already found their buyers. Such condos as 1110 Millecento, MyBrickell, SLS, 1010 Brickell, Brickell House are 100% sold.

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Residences in Sunny Isles, where 10 new towers were announced, are also popular. Currently there are less than 20% of apartments available. Residences in 400 Sunny Isles are 100% sold; in the Chateau Beach only 2% of residences are for sale, in the Mansions at Acqualina – only 4%, in the Porsche Design Tower – only 7%.
There are no residences for sale in such condominiums as Peloro On The Bay, Beach House 8, Glass (South-Beach Miami Beach), Bay House, Icon On The Bay (Edgewater) and AquaVita Las Olas (Fort Lauderdale).


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