Florida condo safety guidelines are disrupting the real estate market, leading to surge in sales
JACKSONVILLE, Fla. – New safety guidelines for condominiums in Florida are causing significant disruptions in the real estate market.
These changes, implemented in response to the 2021 Surfside condominium collapse that claimed 98 lives, have led to steep assessments for some communities and an increase in the number of condos listed for sale as owners seek to avoid costly maintenance fees.
In 2022, Florida lawmakers unanimously passed legislation aimed at enhancing safety standards for condos to prevent another disaster. However, the impact of these regulations is being felt now, as nearly a million Florida condominiums face a year-end deadline for inspections and cost studies.
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