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Category Archives: Luxury

Related’s condo chief Carlos Rosso says last construction cycle still dwarfs current boom

Although tens of thousands of condominiums and rental properties are in the pipeline, the Miami area is still experiencing inventory shortgages, Carlos Rosso, the head of condo development at the Related Group, said on WLRN’s Sunshine Economy.   Miami is still having inventory shortages despite the condominiums and rental properties ongoing. This is according to […]

Demand for South Florida property shrinks inventory and drives up prices

From rich to low-income,waterfront properties are bringing up sales prices in South Florida as inventory declines. Having distressed propertiesin particular, the rise in Miami-area sales prices accords with a severe decline in inventory, which dropped 24.7% since the same period a year ago. South Florida’s 37.8% share of the U.S. distressed property market is at […]