New Condo Regulations Spur Investment and Protect Buyers in South Florida and Beyond

The 2021 Surfside condo collapse led to stricter regulations, causing costly inspections and repairs for older Florida condos, often resulting in steep fee increases and special assessments. Many associations struggle financially, leading to building dissolutions and sales to developers for redevelopment. Meanwhile, demand and financing for new condo construction remain strong, with stricter oversight and higher deposit requirements protecting buyers and lenders.