Miami condo market is flooded with sellers of aging condos due to stricter regulations coming into effect in 2025.
The new regulations require inspections and repairs for older condos, potentially raising condo association fees.
Condo owners fear their property values will plummet after inspections reveal structural problems.
Buyers are avoiding older condos and looking for newer ones with lower risks and potentially higher values.
This trend might cause a nationwide condo crisis as other states may enact similar regulations.
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August 10, 2026
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