South Florida Condo Units
November 10th, 2010
Throughout the past six years, South Florida has distorted from low-rise structures to high-rise condominiums which are believed to be hundreds of feet high. Except that as the building heights rise, so did the selling value. South Florida condo market has been saddened by foreseeable trade and industry realities. Worth of newly-built condos tumble by at least 30% at the time the market crash down. Consequently, lenders are guarded of financing condo construction, thus convincing developers across South Florida to call off, postpone or repair their individual projects. Analysts mark out condo problems to short-term investors, who purchased condos at low pre-construction prices.