Perhaps a sign of the desperation creeping into the American real estate market is the announcement that two top Florida developers are putting dozens of properties up for auction with no reserve prices and no minimum bids.
The luxury apartments will be sold to the highest bidder, however low the bid might be. The first sale took place yesterday, when Stirling Sotheby’s International Realty, in association with the British Homes Group (BHG), held a live...
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