Recently, Donald Trump imposed hefty tariffs on other nations, which could have inadvertently caused the home prices in South Florida to start rising even further and faster. The tariffs Trump demanded be placed on suppliers from Europe, Mexico, and Canada have now found those suppliers facing a 25% tax on steel and a 10% tax on aluminum that is imported to the United States. What does this mean for developers, builders, and ultimately the homebuyers. It means that the cost of homes is going to go up by at least 5% over the course of the next several months. The suppliers are naturally going to have to increase the cost of the materials to help make up for the tariffs, which gets passed on to the developers and then on to those who are going to be buying the homes. Estimates are that this could push up the price of homes by between $20,000 and $30,000, perhaps more in some cases. Why Was This Not Foreseen by the Real Estate Industry? When the tariffs were put into place in March, many in the real estate industry in Florida did not think that it would affect the prices of homes very much. The industry in Florida tends to create most of the properties utilizing concrete and rebar made in the United States. Visit the company website for complete sales history of Trump condos in Sunny Isles Beach. This is so they can stand up to the winds of hurricanes. However, the addition of these tariffs has created a sense of uncertainty across the real estate and construction industry. In fact, it has changed the way that many of the contractors are handling their business. A number of the contractors are no longer looking in pricing for more than two to three months, and this could create additional rises in the costs of building and thus the costs of buying a property. It is important to keep in mind that these tariffs did not only affect steel and aluminum, but other products from Europe, Mexico, and Canada, as well, including Canadian lumber. Some builders are seeing a rise in costs by as much as 10.5% thanks to the 24% duty that Trump has been placed on Canadian lumber. Rebar has also increased in price by about 58% according to some builders. With the continual tariffs, the costs are not going to be coming down, and there is a change that the price of building is going to continue to rise. When you couple this with the fact that there is a construction labor shortage in Miami, that is also affecting much of the rest of the country, there are worries that the price could climb even higher, and that construction could slow down. While it is clear that this means people in the construction business and homebuyers are going to be dealing with increased prices all around, it is unclear for how long this will affect the market in the area, or to what degree.

Trump Royale is one of the most beautiful luxury condominiums in the Sunny Isles area. It is certainly one of the best places to call home. This 55-storey lofty condominium is located at Collins Avenue and is very close to the gorgeous Sunny Isles Beach. The residents of this condominium get to enjoy the stunning views of the Atlantic, as well as the Intracoastal Waterway. The location is ideal and just a short distance away from the bustling city life of Miami, and is certainly one of the best places to own. This condominium offers you your dream home, which is simply perfect.

 

 

Buying a property in the Trump Royale is a great investment for the future. It is a perfect place for the couples, families and retirees to reside. The units come in different sizes and their prices range from $600,000 to $2.5 million. Also, the condominium tower offers penthouses that cost between $1.5 million and $25 million. Trump Royale offers a variety of property options to choose from, and no matter what kind of property you are looking for, you will get just what you want at the magnificent condominium, Trump Royale.

Miami is one of the most popular and desirable places to buy real estate properties. One of the most beautiful and lavish condominiums in Miami is the Trump Palace. This splendid condo tower is 55-storey high and offers 278 spacious units to its residents. Units of different sizes are available in this condominium, and the sizes of the units range from 1,197 square feet to over 6,300 square feet. As the units are available in different sizes, the condo buyers can choose the units as per their requirement and budget.

 

The location of this luxury condominium is, undoubtedly, one of the best in Miami. This beachfront condominium offers a stunning view of the Atlantic and the surrounding landscape of Miami, and these beautiful views impress the residents thoroughly.

 

 

Trump Palace bears the highly reputed Trump name, and all the impressive luxury features, amenities and services that are offered to the residents in this condominium, are enough to prove that this reputation is very well deserved. This condominium offers the residents all the luxuries of life and living in this condominium is like living in luxury; and you will notice this once you step into the beautifully designed and decorated two-storey entrance lobby of this gorgeous building.

 

Buying a unit in this magnificent condominium is a very good investment, and the moment you visit this condominium, you would like to become a part of it. The area is extremely popular and this condominium is very desirable to the condo buyers, and so, it is quite obvious that many other people will be eager to buy the units once they are available for sale. So, if you wish to have a permanent residence in Trump Palace, it is time to make your choice. Everything about this luxury Miami Beach condominium, from the building to the units, is highly impressive and you will love to call this place your sweet home.

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