The tax overhaul is fueling a luxury home boom in Florida. Prices for luxury properties in the state climbed 16 percent in the second quarter versus a year earlier, according to Bloomberg. And values for the top 5 percent of properties rose at the fastest pace in five years, even as prices in the rest of the Florida market increased only 7 percent. “The trigger is tax reform,” Jay Phillip Parker, CEO of Douglas Elliman […]
source https://therealdeal.com/2018/08/09/rich-new-yorkers-are-flocking-to-florida-but-soaring-prices-might-offset-the-tax-perks/
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