Great buying Opportunities in south florida’s condo market
Opportunity is everywhere. Right now in South Florida there is a very large inventory of properties on the market at depressed prices. Additionally, interest rates are incredibly low. What a great climate to buy. This market will turn at some point and people will be kicking themselves for waiting.
As reported by the Miami Herald, the condominium developer who led South Florida’s high-rise building boom is making a $1 billion bet that the region’s real estate market is a bargain.
Amid a slumping condo market, developer Jorge Perez is joining with a Wall Street firm to create an investor fund that will buy troubled mortgages and distressed property that ranges from raw land to finished condominium units in the southeastern United States. To read the entire story.. CLICK HERE
Miami developer bets on condos’ future
Condo builder Jorge Perez said South Florida real estate is undervalued and he’s setting up a $1 billion fund to start buying properties.
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January 25th, 2008 at 7:33 am
[...] Florida Real Estate article is brought to you using rss feeds.Here is a great article on the latest real estate buying and selling news.As reported by the Miami Herald, the condominium developer who led South Florida’s high-rise building boom is making a $1 billion bet that the region’s real estate market is a bargain. Amid a slumping condo market, developer Jorge Perez … [...]
January 25th, 2008 at 9:28 am
[...] flluxuryhomes wrote an interesting post today onHere’s a quick excerptAs reported by the Miami Herald, the condominium developer who led South Florida’s high-rise building boom is making a $1 billion bet that the region’s real estate market is a bargain. Amid a slumping condo market, developer Jorge Perez … [...]
January 30th, 2008 at 8:47 am
[...] | Ft. Lauderdale Condos | Naples Condos | Tampa Condos | Orlando Condos | Palm Beach Condos Source: BlogSouthFlorida / Miami Herald Permalink by Anthony Longo January 30th, 2008 in Condo [...]