Real Estate Condos in Fort Lauderdale
As 2005 draws to a close, Florida’s busiest real estate market in history shows no signs of cooling off. I am pleased to report that research shows that home sales in 2005 were the highest ever recorded.
Called the “Venice of America,” Fort Lauderdale is filled with beautiful canals winding through million-dollar estates. Part of the charm of this city is its mix of old and new architecture. For new residents, there are single and multi-family homes, condominiums, waterfront homes, and apartments available.
Did you know that Fort Lauderdale is becoming a 24-hour city with diverse residential housing and excellent educational, cultural, business and entertainment opportunities? Driven by the renovation of the beach, the development of the Riverwalk and the huge investments in infrastructure by the city and
Broward County, business is booming, and not just the tourism business.
Fort Lauderdale Condos & Hotel Condos
Fort Lauderdale’s first redevelopment projects generated recognition, inspired pride in the community, and began to redefine the city as an emerging center for business, culture, entertainment, and recreation.
Today, Fort Lauderdale is undergoing another major makeover. The main players are world-renowned names like Donald Trump and the W Hotels (from Starwood Hotels). These names investing in Fort Lauderdale beachfront hotel condominium developments are an indication of Fort Lauderdale’s status as a city to watch. The popularity of the Fort Lauderdale beach attracted visitors from all over the world. For hotel condominiums in the area, the current in-session occupancy rate is over 90% and year-round is around 72% and rising.
Investors have been snapping up new condos and homes in Fort Lauderdale. Last year residential real estate in Fort Lauderdale appreciated more than 30% and the forecast for next year is 21.9% according to CNN. New construction projects on the beach in Fort Lauderdale include, world-class Trump International Hotel Condo Resorts (the Trump International hotel is ranked #1 in the US), W Hotel Condo in Fort Lauderdale (the fastest growing in the world), St Regis Hotel Condo, Las Olas Beach Club (will be Fort Lauderdale’s only beachfront condominium residences).
As a leading real estate agent in Fort Lauderdale, I have great confidence in the real estate market in Fort Lauderdale and the major players investing big money in the area would confirm my belief. Fort Lauderdale homes, condos, new construction, pre-construction are excellent and safe investments.
Whether you are buying real estate for personal use or for investment, this is a great area to enjoy a lifestyle like no other.
Andrew James, Fort Lauderdale Real Estate Agent
http://www.fort-lauderdale-waterfront-home.com
786-326-7776