Luxury Condominium Project
A luxury condominium project in San Juan called the “Mare Azul” has been announced, featuring oceanfront units with prices starting at $1.5 million. (Source: Caribbean Business, March 10, 2023)
Ponce is Experiencing a Real Estate Revitalization
The city of Ponce is experiencing a revitalization of its historic downtown area, with many old buildings being renovated into apartments and mixed-use spaces. (Source: The Weekly Journal, February 22, 2023)
Building Affordable Housing on the Island
The Puerto Rico Housing Financing Authority has approved $40 million in loans for developers to build affordable housing on the island. (Source: News Is My Business, March 7, 2023)
10% Rise in Real Estate Sales
The Puerto Rico Real Estate Board has reported an increase in home sales across the island, with a 10% rise in sales volume from the previous year. (Source: Puerto Rico Real Estate Board, February 28, 2023)