OneWorld Properties CEO Peggy Fucci recently discussed the continued success of the residential market in Broward County as a panelist at The Real Deal Forum.
“The Fort Lauderdale market is just a stable market in general,” she said. “First of all, people see the rise in prices in Miami and all of a sudden we become more attractive.”
Peggy commended the city for infrastructure improvements and noted 29 million passengers a year are coming through Fort Lauderdale-Hollywood International Airport, with increasing reach for international buyers. She gave the examples of a new British Airways direct flight to London and Norwegian Air nonstop service to Barcelona slated to start in October.
Peggy says about 30 percent of oceanfront tower PARAMOUNT Fort Lauderdale Beach buyers are international, mostly from Latin America. Newly launched 100 Las Olas in downtown Fort Lauderdale is already 15 percent sold.
The exclusive broker of the two condominium projects — the first in Fort Lauderdale in a decade — Peggy says they also attract national buyers from Miami, New York, and California.