It’s easy to see why people are flocking from all parts of the country to enjoy the state’s thriving economy, beautiful climate, and vibrant atmosphere. Fort Lauderdale is a great example of this, with its low living costs and active community.
You may believe that buying a Florida home now will bring you big profits if you are an investor or homebuyer. What is the Fort Lauderdale realty market likely to do in 2022, you ask? What Fort Lauderdale realty market forecasts should you be aware?
Here are the facts.
Fort Lauderdale Real Estate Market Trends
You don’t need to be concerned about housing prices falling in 2022. They are expected to continue to increase by 11%.
Buyers might be more cautious as interest rates could rise slightly. It could also mean that we are not in an economic bubble.
Florida will continue to be a seller’s marketplace in the coming year. The demand for homes will also remain high. Its favorable tax policies are partly responsible for this. In fact, Florida is one of the nine states in the country that don’t pay income tax
Fort Lauderdale is home to many tech companies. It continues to attract people who work remotely and can live anywhere in America. It continues to have lower housing costs than other northern states and a reasonable cost-of-living.
Fort Lauderdale: Why?
Fort Lauderdale’s climate is extremely favorable. The winters in Fort Lauderdale are mild and short. This is a refreshing change for those who live in colder regions.
Fort Lauderdale is a great place to live an active lifestyle. There are beautiful beaches, and many opportunities to swim, kayak, and walk. There are also beautiful state parks that offer stunning views of the water.
Fort Lauderdale is only a 25-minute drive from Miami, and has many employment opportunities. Experts predict that jobs will continue to increase at an astounding rate in the coming ten years.
Fort Lauderdale schools are well-respected and safe. Families will enjoy museums, art galleries and libraries.
Single-family homes or apartments are the best options for investors looking to buy in the area. Many young families and professionals are moving to the area in order to see it before buying.
If you are interested in investing in Fort Lauderdale’s booming market, but don’t want to move, make sure to locate a trustworthy property manager. You can trust them to help you with rent collection and maintenance so that your investment is protected.
Fort Lauderdale’s Hottest Trends
Fort Lauderdale’s real estate market is experiencing exciting growth and new job opportunities. Florida is the best place to start if you are serious about quality investments.
Fort Lauderdale real estate investing is a smart business.
This post was written by Dayana Susterman Dotoli. Dayana is the head real estate agent for the Tiffany House In Ft. Lauderdale Beach. Dayana has assisted over 150 individuals with buying, selling, and leasing at Tiffany House. The Tiffany House Residences is a 12 story tower, offers 129 residences, including 1, 2 and 3-bedroom condominiums and townhomes, with exclusive, resort-style amenities and views of the Intracoastal Waterway and the Atlantic Ocean. To view our Tiffany House Fort Lauderdale Condos For Sale, Contact us today!