ULI Southeast Florida/Caribbean News

Condo experts say sales slowdown won’t lead to another crash in Miami

Many of South Florida’s leading condo experts said a slowdown in sales will likely prevent some projects from breaking ground, but the long term view for Miami’s condo market remains positive and another meltdown doesn’t appear imminent.

The Urban Land Institute brought the region’s leading condo builders and designers to Miami on Tuesday for a condo market symposium at the Four Seasons Hotel Miami in Brickell. Everyone acknowledged that the sales pace for new units has slowed, and it appears the strengthening of the dollar against foreign currencies is to blame.

Kevin Malony, principal of residential developer Property Markets Group, said nine months ago he spoke with a contractor who had nine jobs under contract, but he recently spoke to that contractor and he’s down to…Read More

This entry was posted in Condos, Education, Events, Housing, Innovation, Market Trends, Miami, Networking, News, Press Releases, South Florida, Technology, Transit-oriented development, ULI SE Florida/Caribbean. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *