A Positive Future For South Florida Real Estate: Up To 58 Percent More Construction Contracts
Given the fact that South Florida is indeed one of the best locations for people from all around the world, it becomes only natural for all of the region’s greatness to rub off on the South Florida real estate and that is definitely what we are seeing in today’s property market.
While it is true that the property market has suffered along with others that took quite a fall since the market crash of 2008, people really can’t deny the fact that it has been doing an excellent job in picking up from where it left off.
In fact, there has been a dramatic rise in the number of construction contracts that are set for the South Florida area and people are looking forward to how such agreements are going to make an impact on the South Florida real estate market now that figures have grown by as much as 58 percent in 2012 compared to 2011.
Based on estimates regarding the construction contracts within the tri-county area, a total of $371 million in both residential and commercial construction contracts have been set in March of 2012 which is an increase from the $234.7 garnered in March of 2011.
There has been a total of $948.9 million of building contracts signed in total within the areas of Brown, Miami-Dade, and Palm Beach County which definitely brings news of positive things to come for the South Florida real estate market which has continued to receive high demand from property buyers from all around the world.
If you happen to be someone who is looking for residential property options within the South Florida region, you are sure to find many great options within prime areas across the state. Since property prices have been going up in the last couple of weeks, it would definitely help to get in touch with a real estate agent that specializes in the residential sector of the South Florida real estate market. Also, the same thing applies for investors who are interested in being able to secure superb commercial real estate within the areas of South Florida that offer the highest profit potential.
Yaz Morgan
Florida Real Estate
