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Chinese investors bought $6.1 billion worth of real estate property in the US between April 2021 and April 2022, according to the National Association of Realtors (NAR). And overall, Florida was ...
As investors continue to snap up these properties, they could reshape Florida’s real estate landscape. If investor-owned properties increasingly dominate flood-prone areas, the region may see a ...
Florida’s law prohibits most citizens of China, Cuba, Iran, North Korea, Russia, Syria and Venezuela from buying real estate close to a military compound or critical infrastructure, the Miami ...
The canals drain 233 billion US gal (880 billion L) of fresh water a year into Naples Bay, damaging the coastal saltwater ecology while causing the groundwater table to drop 2 ft (0.61 m) to 4 ft (1.2 m). The Florida Department of Business Regulation (FDBR) adopted real estate development reforms in the 1970s because of such abuses. [3] [4]
The two would get into real estate development once again and buy over 3,000 vacant lots from Atlantic. It was part of a plan by Atlantic to get $200 million to sell off half of the 87,000 acres and 9 water processing plants it had, but this idea "never fully materialized," with Atlantic filing for bankruptcy protection in 2001.
Sun Communities is a publicly traded real estate investment trust that invests in manufactured housing communities, recreational vehicle communities, and marinas. As of June 30 2024, the company owned interests in 666 such properties in the United States, Canada, and the UK consisting of approximately 181,760 developed sites and over 48,140 wet slips and dry storage spaces.
If any owner or real estate agent sells land or a residence near one of these sites to foreign nationals covered by the measure, they face fines if convicted from $500 to $15,000.
The peninsular coast of the US state of Florida is formed from contact with three main large bodies of water: the open Atlantic Ocean to the east, the Caribbean Sea to the south, and the Gulf of Mexico to the West (making part of the larger Gulf Coast of the United States).
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