2018 was a record breaking year for Palm Beach real estate with regards to the number of transactions and their dollar value.
Rising mortgage rates as well as a jump in construction costs have led to recent slowdowns in foreign investment as seen in Miami. In spite of recent market gyrations, people are still interested in Palm Beach and there has been a steady trend of high net worth individuals relocating from the northeast and California to take advantage of Florida’s lack of state income tax.
People are choosing Palm Beach not only for wealth preservation but for an elevated quality of life in a beautiful and safe environment. With over 300 days of sunshine and an average annual temperature of 78 degrees, who would not enjoy living in Palm Beach?