News
April 11, 2017
Miami developers get creative with incentives to boost sluggish condo market
Miami’s condo market has slowed considerably, as unsold units pile up to create previously unseen inventory levels. To address the problem, developers are getting creative with the kinds of incentives they’re offering to buyers.
Luxury condo buildings are seeing international buyers begin to turn away. With less demand and lots of competition among unsold units, sellers are increasingly turning to add-ons and special deals to incentivize buyers, according to a report in The Real Deal.