As the condo market heats up across North America and the rest of the world, condominium developers hone down new lifestyles developments customized to specific demographics. From first time homebuyers, move up buyers and empty nesters are getting choices these day. From Lock and Leave lifestyles and maintenance free condo-hotel second homes, it's never been easier to purchase a new condominium.

So why is the condo marketing heated? Right now there is a major play because of demographic trends. Empty nesters are coming of age and they are looking for that active, maintenance lifestyle. These down-sizers are selling their big homes and moving back or closer to the city where they can buy a beautiful brand new high-rise condominium and have all the services and amenities at their fingertips. This mass movement is what is driving the condo market right now. In addition to this trend, mortgage rates which are still extraordinarily low have allowed first time buyers to buy at younger ages.

Every market also has its own niche. Popular condo markets like Boston, San Diego, Los Angeles and Miami all have ancillary reasons for their condo boom. In Boston for example, it is extremely difficult to get building permits to build new construction. Most unused commercial buildings have already been converted to luxury condos, which leaves only new construction as an answer. Slow building permits and strict guidelines is what boosts Boston prices to be among some of the nations highest and when some might be considered scared to own in this market, its actually one of the safest real estate bets out there.

The Condo Boom trend will continue. With these new lifestyle engineered buildings, it is becoming a way of living not to just one demographic but to all. People are working more hours and need more services and the condo lifestyle is the answer.

For more information on the Global marketplace or international investments visit http://GlobalCondoCenter.com

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