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Financial Insurance

Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers

Rising insurance costs and HOA fees related to extreme weather events are driving up ownership costs of Florida condos. Owners want to sell, but buyers are scared off.

By: Business Insider

Apr 05 2024
3
347 Views

Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers

Florida, Miami Beach, aerial of Icon South Beach Luxury Condos.Jeff Greenberg/Universal Images Group / Getty

Rising insurance costs and HOA fees are forcing some Florida condo owners to sell… [+4617 chars]

Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers

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