Fort Lauderdale Condo Market On Fire!

Posted: July 17, 2015 | Source: www.miamiherald.com

While the Miami, Florida condo market has slowed down with several projects canceled, the Fort Lauderdale area is surging with over 40 new buildings and 3,000 units proposed for the upscale downtown and beach areas. With average yearly price increases of 8 to 16 percent since 2012, Fort Lauderdale attracts a higher percentage of buyers from the U.S. than Miami which is more oriented to South American and Central American buyers. The improved U.S. economy and strong dollar is helping to propel the Fort Lauderdale condo market.