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)
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)
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)
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)
Puerto Rico’s real estate market is experiencing a surge in demand, with many buyers from the mainland U.S. looking to take advantage of the island’s tax incentives and affordable property prices. (Source: CNBC, March 17, 2023)