South Florida Real Estate Rising

Miamians are particularly excited about the rise of the real estate market as developers and lenders are coming back to the industry with brand new financing options. Just when locals were losing hope of seeing signs, the dollars started coming in. As stated in The Miami Herald, there are plans to build an estimated 26 new condo towers. Not only that, but lenders have also financed $775 million since October 2011. So there is hope.

The boom in loans is a light at the end of a dark tunnel during a depressed market. It looks like South Florida’s condo inventory will be sold out by 2013 as more and more international investors are getting dibs into the deals in the region’s seven prime areas such as Greater Downtown Miami, South Beach, Sunny Isles Beach, Hollywood / Hallandale Beach, the downtown and beaches of Fort Lauderdale and Boca Raton, Palm Beach and downtown West Palm Beach.

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