139 Towers Under Construction in South Florida

by Isaac Benmergui, Esq on June 26, 2013

Safe1Imagine the weight of 139 condo and apartment towers under construction on the land in South Florida. That’s what will soon occur when all the slated projects break ground. As of a week ago, 18,500 new units were set for coastal Miami-Dade, Broward and Palm Beach counties.

The demand for apartments in the sunny beach region emanates from Central and South America, with their mostly cash buyers from Venezuela, Brazil, Argentina and Chile in an attempt to find new ways to stash money and increase their wealth.

Banks from other countries are also opening branch offices to accommodate the increased demand from foreigner investors. On market analyst believes new banks show the investors’ confidence in the region and that the number of cranes in the sky confirm the South Florida real estate market is back.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

Previous post:

Next post: