Have you been considering making an investment in commercial real estate by obtaining luxury condos? If so the time is now because the market is improving. Data from the Southeast Florida Shared Multiple Listing Service Database shows that investors purchased more $1 million condos in 2011 than in the South Florida real estate boom in 2006. The sale of nearly 590 $1 million condos marked a 29 percent increase from those purchased in 2010.
Last year’s improvements seem to be continuing seeing as that in the first few weeks of this year 100 units were placed under contract. But, it is unsure how long the improvements will last due to the large volume of foreign buyers and the current economic challenges in the European Union.
If you are interested in making an investment in luxury condos located in South Florida contact Morris Southeast Group at 866-930-1426.
Source: The Miami Herald
Tags: commercial real estate, Commercial Real Estate Trends, South Florida commercial real estate, South Florida commercial real estate services
