Southern state hit by mass exodus of condo owners spooked by 'catastrophic' market in wake of costly new law that could 'bankrupt' residents

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Southern state hit by mass exodus of condo owners spooked by 'catastrophic' market in wake of costly new law that could 'bankrupt' residents

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Condo listings in Florida have skyrocketed as desperate owners attempt to dodge a costly new law requiring increased safety checks. The legislation was brought in following the 2021 collapse of the Champlain Tower South in Surfside, which killed 98 people. It later emerged that the condo association had postponed crucial repairs to avoid increasing costs, prompting lawmakers to introduced new regulations which take effect at the end of the year.
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