The real estate business in South Florida is booming with residents of New York City looking to relocate as the political climate in the Big Apple appears to be taking a hard left turn, a developer told Fox Business.

The CEO of BH Group in Miami, Isaac Toledano, explained that his company “has closed more than $100 million in signed contracts from New York buyers in just the past few months – about twice last year’s volume,” and he believes a lot of it has to do with politics, the outlet reported Wednesday.

He said, “I think the election accelerated how people make decisions. I think people are nervous [for] what’s coming, how it’s going to affect their lifestyle, the quality of life, taxes, potential of crime [or] no crime.”

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