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Close to 88% of condos on the South Florida market were built over 30 years ago, an ISGWorld analysis shows. Prices for these older condos have fallen substantially, with an average sales price of ...
Across Florida, aging condo buildings are facing rising expenses and millions of dollars in structural repairs to comply with new regulations following the collapse of the Champlain Towers ...
Condo prices in Florida are dropping while the U.S. average continues to rise. ... and many people can buy a single-family home for “less than what most luxury condos cost, not even including ...
Per the new Florida law, all three-story-plus condo buildings and at least 30 years old must undergo a mandatory engineering assessment before Dec. 31, 2024. Condo associations must also shore up ...
House in Boca Grande, Florida. Housing in Florida consists of apartments, condominiums, hotels, retirement communities, and houses. Common types of housing in the state include Cracker style homes, Ranch-style homes, Caribbean style homes, and Condominiums with styles including Spanish Colonial Revival architecture, Victorian architecture, Mediterranean Revival architecture, Art Deco, Modern ...
Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
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