In Florida, not sold more than 7,000 objects of resort real estate

About 7,400 housing units in condominiums in South Florida, built during the boom in the real estate market remains unsold. This information was provided in its analytical report of Condo Vultures real estate agency. Since 2003, about 250 projects have been built in the region, of which there are 49,000 real estate units. For comparison - 40 years before it was built only 700 condominium units with the number of real estate about 76 500. Thus, in just 7 years, developers have increased the number of property units in the region by 64%! During the boom in the market every year to appear on the average 6100 sites, while the average number of purchases per year most construction was 5150. Greater Downtown Miami has become the area where it is concentrated - 2003 22,250 real estate units were created. In second place - Sunny Isles Beach, where 6,400 units of real estate was built. The world-famous South Beach district was the third - 5,600 real estate units were built here. According to The Real Estate Channel