The president of the Peruvian Chamber of Construction (Capeco), Lelio Balarezo reported that home sales in the country fell 20% in the first half of the year compared to the same period 2013.
He explained that this is due to the rules issued both the Central Bank and the Superintendency of Banking and Insurance (SBS) that tightened credit, so access to one is much harder.
However, expectations are optimistic for the second half in which it is expected that home sales resumes.
He said the growth of the sector for this year would be explained by a digit "red tape and permits" in the country which impacts the cessation of work in the sector.
He said last week Capeco submitted a proposal to the Executive to promote the construction of social housing by the private sector. It is proposed that the government provide an incentive to build at least 50,000 homes and increase subsidies.
Lunes, Hulyo 28, 2014
Miyerkules, Hulyo 23, 2014
He failed the dollarization of the property market
The housing market pesificación joined the increasingly long official announcements which never materialize list. According to a study Zonaprop.com specialized portal, currently only 9% of the properties offered for sale in the city of Buenos Aires are published prices in pesos.
Within that 9% also brand new properties represent the majority, and if taken only notices homes used, publications weights represent less than 3% of the total.
Pesificar the property values was one of the goals he had set the then Central Bank President Mercedes Marco del Pont when he had to publicly explain the reasons which led it to impose the stocks to buy dollars, a few days president Cristina Kirchner got his reelection.
Clearly, the official explanations seemed mostly an excuse for the real purpose of that measure, which was simply to reduce the demand for dollars in a time when the central bank reserves began to decline sharply. However, Marco del Pont itself did not hesitate to present at the time the ban on buying dollars as "a step in the de-dollarization of the housing market."
With the results in view, much of the ground they had gained on dollarization in the last two and half years and was lost.
According to the survey Zonaprop.com before the trap was implemented in pesos offers represented only 1% of the notices of sale were published in Buenos Aires. With the lack of access to dollars, the number of transactions fell, but there was also a proliferation of publications in pesos, as expected by the government.
In December 2012, a record was set, with one in five properties for sale in local currency. However, the spring pesificadora not last long and thereafter a steady decline that seems to have found his apartment began.
"One of the factors that ended up slowing the dollarization of the housing market were Cedines, as when he announced the possibility of having a tool for the seller to be made with dollars many decided to leave out the deals in pesos," Mariano said Nejamkis CEO Zonaprop.com.
The portal, which leads the supply of properties on sale, with over 250,000 assets- notices, expected in the coming months will continue to fall in pesos publications, but never again having 1% stake before the stocks through the decision of the real estate developers and builders of "de-dollarization" projects of new units.
"If there is something positive that had the trap was at least achieved a dollarization of notices of sale of new properties, which has a certain logic if you take into account that most of the inputs is a real estate developer are pesos, "said Nejamkis.
With percentages not so marked, the process in the Federal Capital is similar to that experienced in the Gran Buenos Aires. In late 2011, only 1% of the houses and apartments for sale in the suburbs offered in pesos. A year later, the percentage jumped to 24%, and from that time he began to fall, although a trend towards less pronounced. In fact, currently offers pesos properties remain a respectable 19 percent.
Another market is pesificado rents, although in this case it is not a consequence of stocks created in 2011, and in this business that historically the percentage of dollar deals never exceeded 5 percent.
Within that 9% also brand new properties represent the majority, and if taken only notices homes used, publications weights represent less than 3% of the total.
Pesificar the property values was one of the goals he had set the then Central Bank President Mercedes Marco del Pont when he had to publicly explain the reasons which led it to impose the stocks to buy dollars, a few days president Cristina Kirchner got his reelection.
Clearly, the official explanations seemed mostly an excuse for the real purpose of that measure, which was simply to reduce the demand for dollars in a time when the central bank reserves began to decline sharply. However, Marco del Pont itself did not hesitate to present at the time the ban on buying dollars as "a step in the de-dollarization of the housing market."
With the results in view, much of the ground they had gained on dollarization in the last two and half years and was lost.
According to the survey Zonaprop.com before the trap was implemented in pesos offers represented only 1% of the notices of sale were published in Buenos Aires. With the lack of access to dollars, the number of transactions fell, but there was also a proliferation of publications in pesos, as expected by the government.
In December 2012, a record was set, with one in five properties for sale in local currency. However, the spring pesificadora not last long and thereafter a steady decline that seems to have found his apartment began.
"One of the factors that ended up slowing the dollarization of the housing market were Cedines, as when he announced the possibility of having a tool for the seller to be made with dollars many decided to leave out the deals in pesos," Mariano said Nejamkis CEO Zonaprop.com.
The portal, which leads the supply of properties on sale, with over 250,000 assets- notices, expected in the coming months will continue to fall in pesos publications, but never again having 1% stake before the stocks through the decision of the real estate developers and builders of "de-dollarization" projects of new units.
"If there is something positive that had the trap was at least achieved a dollarization of notices of sale of new properties, which has a certain logic if you take into account that most of the inputs is a real estate developer are pesos, "said Nejamkis.
With percentages not so marked, the process in the Federal Capital is similar to that experienced in the Gran Buenos Aires. In late 2011, only 1% of the houses and apartments for sale in the suburbs offered in pesos. A year later, the percentage jumped to 24%, and from that time he began to fall, although a trend towards less pronounced. In fact, currently offers pesos properties remain a respectable 19 percent.
Another market is pesificado rents, although in this case it is not a consequence of stocks created in 2011, and in this business that historically the percentage of dollar deals never exceeded 5 percent.
Lunes, Hulyo 7, 2014
U.S. housing boom boosts imports from Asia
Thanks to a housing boom in the United States, Asian manufacturers are sending the highest level in seven years for furniture and building materials in containers.
U.S. imports of furniture and building materials from Asia, aimed at retailers such as Wal-Mart Stores Inc. and Target Corp., rose 6.3% in the first four months of this year compared with the same period last year to its highest level since 2007, according to figures from the Japan Maritime Center.
Asian suppliers as Li Fung Ltd., which exports some home accessories, tableware and crafts, are benefiting from a rebound in the U.S. economy as increases in jobs and funding costs at historically low levels build confidence Americans to purchase homes. That demand is helping to boost exports of chairs and beds to decorate houses and materials and plastics used in construction.
'If you are buying a new house needs a new decoration', said by telephone last week Rahul Kapoor, an analyst at Drewry Singapore Financial Services Ltd.
He added that 'the furniture and building materials will come from Asia. That is certainly positive for the demand. "
Total U.S. imports of furniture and plastic materials and construction from Asia rose to 971.678 standard containers, TEU in the first four months of this year, compared to 914.042 a year earlier, according to figures from the Japan Maritime Center .
Li Fung, who is also the provider for clothing and larger retailers like Wal-Mart toys, recorded an increase of 17% in net profit to a record $ 725 million in 2013 due to higher sales.
HOME SALES
The largest customer of the company based in Hong Kong is Wal-Mart, which accounts for 15.4% of sales, according to data compiled by Bloomberg, followed by Target, the second-largest U.S. discount retailer, with 5.8% of revenue.
The increase in imports can be a boost for the two discount stores, which have struggled to increase revenues in the United States.
In the first quarter Wal-Mart, which closed on April 30, sales advanced 0.8% to 114,200 million while revenue at stores of competitors in the same industry in the United States suffered little change.
At Target, revenue increased 2.1% to 17,100 million in the first quarter. Sales at department stores fell for the house to the extent that U.S. comparable store levels plummeted 0.3% in a second consecutive fall.
United States recorded the largest increase in new home sales in 22 years in May as sales advanced 18.6% in the month, the largest increase for a month around the country since January 1992, according to figures from the Commerce Department.
However, charges for the transport of containers from Asia to the United States fell this year to the extent that an increase in new capacity is outpacing the increase in transported drawers.
U.S. imports of furniture and building materials from Asia, aimed at retailers such as Wal-Mart Stores Inc. and Target Corp., rose 6.3% in the first four months of this year compared with the same period last year to its highest level since 2007, according to figures from the Japan Maritime Center.
Asian suppliers as Li Fung Ltd., which exports some home accessories, tableware and crafts, are benefiting from a rebound in the U.S. economy as increases in jobs and funding costs at historically low levels build confidence Americans to purchase homes. That demand is helping to boost exports of chairs and beds to decorate houses and materials and plastics used in construction.
'If you are buying a new house needs a new decoration', said by telephone last week Rahul Kapoor, an analyst at Drewry Singapore Financial Services Ltd.
He added that 'the furniture and building materials will come from Asia. That is certainly positive for the demand. "
Total U.S. imports of furniture and plastic materials and construction from Asia rose to 971.678 standard containers, TEU in the first four months of this year, compared to 914.042 a year earlier, according to figures from the Japan Maritime Center .
Li Fung, who is also the provider for clothing and larger retailers like Wal-Mart toys, recorded an increase of 17% in net profit to a record $ 725 million in 2013 due to higher sales.
HOME SALES
The largest customer of the company based in Hong Kong is Wal-Mart, which accounts for 15.4% of sales, according to data compiled by Bloomberg, followed by Target, the second-largest U.S. discount retailer, with 5.8% of revenue.
The increase in imports can be a boost for the two discount stores, which have struggled to increase revenues in the United States.
In the first quarter Wal-Mart, which closed on April 30, sales advanced 0.8% to 114,200 million while revenue at stores of competitors in the same industry in the United States suffered little change.
At Target, revenue increased 2.1% to 17,100 million in the first quarter. Sales at department stores fell for the house to the extent that U.S. comparable store levels plummeted 0.3% in a second consecutive fall.
United States recorded the largest increase in new home sales in 22 years in May as sales advanced 18.6% in the month, the largest increase for a month around the country since January 1992, according to figures from the Commerce Department.
However, charges for the transport of containers from Asia to the United States fell this year to the extent that an increase in new capacity is outpacing the increase in transported drawers.
Martes, Hulyo 1, 2014
Foreign away from the Chinese real estate market
Foreign investment in China's real estate sector plummeted the past six months as growing competition from local investors and the worsening of the global economy has become more difficult to raise funds.
Jim Yip Kin-shing, one of the managers of investment to China DTZ, said the real estate private equity funds have struggled to global investors invest in new funds for acquisitions in China.
According to the latest research report of the company, foreign investment in the Chinese real estate market, which is dominated by commercial properties, totaling 2.800 billion yuan (U.S. $ 440 million) in the first six months. This represents only 22% of the value of total investment 12.100 billion yuan.
Foreign investment in the sector during the past year amounted to 17.100 billion yuan, representing 43.8% of total 39.000 billion yuan.
"The investment market in general in Shanghai has been weak compared to 2011," said Yip, who now expects the total investment reaches 20,000 million yuan this year. According to the expert, the situation you're seeing in Shanghai could be a reflection of market trends nationwide.
CBRE's research shows that the total foreign purchases in China fell nearly 40% in the first half of this year compared with the second half of 2011, which could be indicative of market sentiment in the country.
"However, foreign investors hold a strong appetite for well-located, high-quality commercial assets," said Greg Penn, executive director of CBRE Investment Properties Asia.
Local financial institutions dominate the acquisitions of properties in China.
Recent notable examples include buying Longyu International Commercial Plaza by the bank Baoshang by 1.950 billion yuan and an office building in the north of Shanghai China Jianyin Investment concretized by 2.310 billion yuan in rivera.
"Local buyers are not focusing on yields when making purchases, which is making it difficult for foreigners to compete in certain businesses," Penn said.
Jim Yip Kin-shing, one of the managers of investment to China DTZ, said the real estate private equity funds have struggled to global investors invest in new funds for acquisitions in China.
According to the latest research report of the company, foreign investment in the Chinese real estate market, which is dominated by commercial properties, totaling 2.800 billion yuan (U.S. $ 440 million) in the first six months. This represents only 22% of the value of total investment 12.100 billion yuan.
Foreign investment in the sector during the past year amounted to 17.100 billion yuan, representing 43.8% of total 39.000 billion yuan.
"The investment market in general in Shanghai has been weak compared to 2011," said Yip, who now expects the total investment reaches 20,000 million yuan this year. According to the expert, the situation you're seeing in Shanghai could be a reflection of market trends nationwide.
CBRE's research shows that the total foreign purchases in China fell nearly 40% in the first half of this year compared with the second half of 2011, which could be indicative of market sentiment in the country.
"However, foreign investors hold a strong appetite for well-located, high-quality commercial assets," said Greg Penn, executive director of CBRE Investment Properties Asia.
Local financial institutions dominate the acquisitions of properties in China.
Recent notable examples include buying Longyu International Commercial Plaza by the bank Baoshang by 1.950 billion yuan and an office building in the north of Shanghai China Jianyin Investment concretized by 2.310 billion yuan in rivera.
"Local buyers are not focusing on yields when making purchases, which is making it difficult for foreigners to compete in certain businesses," Penn said.
Huwebes, Hunyo 26, 2014
Increase sales of existing homes in the United States
Home sales in May with owners recorded their biggest monthly increase in nearly three years in the U.S., providing hope that the sector is beginning to regain lost momentum last year.
houses statements unidosLa National Association of Realtors reported Monday that sales rose 4.9% last month to an annual rate of 4.89 million homes. The increase was the fastest since August 2011, but sales are still 5% below the May 2013 rate.
Sales have been inhibited by the increase last year interest rates on mortgages historically low levels and various other factors, including low supply and lending requirements.
The average price of a home sold in May was $ 213,400, up 5.1% from a year ago.
After reaching a recent peak of 5.33 million sales in mid-year annual rate, sales began to drop. Potential buyers have been dealing with a limited supply of housing, more expensive homes and tighter restrictions on lending, resulting in the property boom of the last decade that ended in millions of foreclosures.
Five years after the start of the recovery from a deep recession caused in part by the housing slump, home sales have not returned to their historical averages. Demand remains strong for the most expensive faces, but not for housing low and medium price.
houses statements unidosLa National Association of Realtors reported Monday that sales rose 4.9% last month to an annual rate of 4.89 million homes. The increase was the fastest since August 2011, but sales are still 5% below the May 2013 rate.
Sales have been inhibited by the increase last year interest rates on mortgages historically low levels and various other factors, including low supply and lending requirements.
The average price of a home sold in May was $ 213,400, up 5.1% from a year ago.
After reaching a recent peak of 5.33 million sales in mid-year annual rate, sales began to drop. Potential buyers have been dealing with a limited supply of housing, more expensive homes and tighter restrictions on lending, resulting in the property boom of the last decade that ended in millions of foreclosures.
Five years after the start of the recovery from a deep recession caused in part by the housing slump, home sales have not returned to their historical averages. Demand remains strong for the most expensive faces, but not for housing low and medium price.
Lunes, Hunyo 23, 2014
Real estate market in Miami-Dade advances its recovery
The tax basis of properties of the Miami-Dade County increased 6.5 percent compared to last year, the biggest gain since the historic collapse of the housing market that greatly damaged the economy of the region and forced the local governments to tighten their belts to survive.
"The center and oceanfront homes go ahead. These areas are stronger than the western suburbs and the south end of the county, "said Lazaro Solis, property appraiser of Miami-Dade. "Apparently we have a very strong market for real estate. We have taken a drastic turn up in poor areas, although there are still things to improve. "
For some municipalities, the largest growth than expected means at least a relief when balancing the budgets for fiscal years beginning on or after 1st. October. But for others, especially Miami-Dade County, which has a budget gap of about $ 200 million coming until next fiscal year, a larger taxable income will not solve the problems.
Among the municipalities that enjoy robust earnings are Miami Beach (9.4%), Surfside (17.6%) and Sunny Isles Beach (11%). Which had weaker results were Florida City (down 1.3%), Opa-locka (down 1.5%) and Medley (down 2.6%).
"For the most affluent neighborhoods are doing better than those who are not wealthy," Solis said. Liberty City and north-central area of the county, for example, are moving more work to recover from the sharp drop in values that took place between 2008 and 2011.
The growth in property values in Miami-Dade, a county that comprises more than one million properties, reached $ 209,937,000,000 until the 1st. January, a little less than $ 210,000 million.
In addition to the real estate sector, the growth reflects changes in tangible personal property. FPL's investments in Turkey Point nuclear facility, for example, they added about $ 500 million in taxable income, Solis said.
Preliminary values of property taxes are used by cities and counties to tax when making their budgets for 2014-15 and send rates property tax, the tax paid per $ 1,000 of taxable value.
"We look forward to the commissioners several options for them to enfrentrar some needs of the community," said Jimmy Morales, manager of Miami Beach. "It gives us some flexibility as we approach the new year."
Miami Beach could devote part of the increase to the ambitious projects undertaken to mitigate floods and problems regarding sea level rise, Morales said. In February, the city decided to use estimates of high tides at the time of building projects in the city to install new pumping out water from the streets, all at a cost of approximately $ 400 million. Moreover, growth could allow Miami Beach cutting taxes, building on increases during the worst of the economic crisis.
Elected officials, Morales said, can decide whether to "use the money to make some improvements or return it to the taxpayers.''
The preliminary report of the property appraiser, which will be adjusted and finished 1st. July also emphasizes the irregular has been the recovery of real estate industry in South Florida.
"The neighborhoods in the coastal area ... continue to show a strong real estate market with high growth. Some parts of the county that were hit hardest by the recession, Hialeah, Homestead and El Portal, have experienced the most substantial growth in 2014. However, Opa-locka, Florida City and Medley still not fully recovered and property values continue to fall, "Solis said in the statement.
For this year, the value of the properties of Hialeah recovered by 4.7%, which means a big change compared to 2013, when property values fell 3.5%.
For Miami-Dade, Friday's report was a pleasant surprise, but not something that will radically change the landscape. Economic experts forecast an increase of 4 percent rather than the 6.5 percent gain. The Budget Office of Miami-Dade said he has not yet determined how the new estimates could impact the earnings forecasts, although a quick glance at the numbers suggest that earnings could be around $ 20 million.
In a statement, Mayor Carlos Gimenez warned that healthy earnings outlook will not stop him demanding further concessions to the unions, including the proposed 10 percent reductions and benefits. The "net improvement is still not enough to avoid significant reductions in the operating budget of the county," Gimenez said. "Moreover, growth is not so great that it can overcome the increasingly high personal costs of collective agreements."
Alberto Carvalho, superintendent of Miami-Dade schools, said the increase in property values makes it highly unlikely that the school district's tax rate has to be increased, but warned that the growth of home values not fallen from heaven means money for the school system. By complicated formula of local / state funding for schools every year is the state that determines how much local taxpayers expected to contribute. In fact it is the state Floridian, who at first instance set tax rates to district property which then appear in the account property taxes.
Despite significant gains in property values in some areas, homeowners exemptions from property taxes will see their value increases up to 1.5% this year, based on the amendment to the Florida Save Our Homes (Saving our homes). The amendment increases the limit on the value of the exemption to the property to 3 percent or the consumer price index, either to be lower. For homes that do not have property exemption, increases in values are limited to 10 percent a year under the laws of Florida.
This makes it the third straight year in which the property values rise after four consecutive years of declines during the devastating housing crisis that plunged into a swamp to the economy of the region and forced governments to make controversial and painful cuts budget.
"The center and oceanfront homes go ahead. These areas are stronger than the western suburbs and the south end of the county, "said Lazaro Solis, property appraiser of Miami-Dade. "Apparently we have a very strong market for real estate. We have taken a drastic turn up in poor areas, although there are still things to improve. "
For some municipalities, the largest growth than expected means at least a relief when balancing the budgets for fiscal years beginning on or after 1st. October. But for others, especially Miami-Dade County, which has a budget gap of about $ 200 million coming until next fiscal year, a larger taxable income will not solve the problems.
Among the municipalities that enjoy robust earnings are Miami Beach (9.4%), Surfside (17.6%) and Sunny Isles Beach (11%). Which had weaker results were Florida City (down 1.3%), Opa-locka (down 1.5%) and Medley (down 2.6%).
"For the most affluent neighborhoods are doing better than those who are not wealthy," Solis said. Liberty City and north-central area of the county, for example, are moving more work to recover from the sharp drop in values that took place between 2008 and 2011.
The growth in property values in Miami-Dade, a county that comprises more than one million properties, reached $ 209,937,000,000 until the 1st. January, a little less than $ 210,000 million.
In addition to the real estate sector, the growth reflects changes in tangible personal property. FPL's investments in Turkey Point nuclear facility, for example, they added about $ 500 million in taxable income, Solis said.
Preliminary values of property taxes are used by cities and counties to tax when making their budgets for 2014-15 and send rates property tax, the tax paid per $ 1,000 of taxable value.
"We look forward to the commissioners several options for them to enfrentrar some needs of the community," said Jimmy Morales, manager of Miami Beach. "It gives us some flexibility as we approach the new year."
Miami Beach could devote part of the increase to the ambitious projects undertaken to mitigate floods and problems regarding sea level rise, Morales said. In February, the city decided to use estimates of high tides at the time of building projects in the city to install new pumping out water from the streets, all at a cost of approximately $ 400 million. Moreover, growth could allow Miami Beach cutting taxes, building on increases during the worst of the economic crisis.
Elected officials, Morales said, can decide whether to "use the money to make some improvements or return it to the taxpayers.''
The preliminary report of the property appraiser, which will be adjusted and finished 1st. July also emphasizes the irregular has been the recovery of real estate industry in South Florida.
"The neighborhoods in the coastal area ... continue to show a strong real estate market with high growth. Some parts of the county that were hit hardest by the recession, Hialeah, Homestead and El Portal, have experienced the most substantial growth in 2014. However, Opa-locka, Florida City and Medley still not fully recovered and property values continue to fall, "Solis said in the statement.
For this year, the value of the properties of Hialeah recovered by 4.7%, which means a big change compared to 2013, when property values fell 3.5%.
For Miami-Dade, Friday's report was a pleasant surprise, but not something that will radically change the landscape. Economic experts forecast an increase of 4 percent rather than the 6.5 percent gain. The Budget Office of Miami-Dade said he has not yet determined how the new estimates could impact the earnings forecasts, although a quick glance at the numbers suggest that earnings could be around $ 20 million.
In a statement, Mayor Carlos Gimenez warned that healthy earnings outlook will not stop him demanding further concessions to the unions, including the proposed 10 percent reductions and benefits. The "net improvement is still not enough to avoid significant reductions in the operating budget of the county," Gimenez said. "Moreover, growth is not so great that it can overcome the increasingly high personal costs of collective agreements."
Alberto Carvalho, superintendent of Miami-Dade schools, said the increase in property values makes it highly unlikely that the school district's tax rate has to be increased, but warned that the growth of home values not fallen from heaven means money for the school system. By complicated formula of local / state funding for schools every year is the state that determines how much local taxpayers expected to contribute. In fact it is the state Floridian, who at first instance set tax rates to district property which then appear in the account property taxes.
Despite significant gains in property values in some areas, homeowners exemptions from property taxes will see their value increases up to 1.5% this year, based on the amendment to the Florida Save Our Homes (Saving our homes). The amendment increases the limit on the value of the exemption to the property to 3 percent or the consumer price index, either to be lower. For homes that do not have property exemption, increases in values are limited to 10 percent a year under the laws of Florida.
This makes it the third straight year in which the property values rise after four consecutive years of declines during the devastating housing crisis that plunged into a swamp to the economy of the region and forced governments to make controversial and painful cuts budget.
Biyernes, Hunyo 20, 2014
It will nurture growth in U.S. real estate: BBVA
The positive trends in the residential and non-residential property sector will continue to drive growth across the United States in the first half of the year, according to a study by BBVA Research.
"For the bank activity on the West Coast and in resource-rich areas will benefit from the remarkable recovery of activity in the areas of housing, construction and exports surpass much of the country in the first half of 2014, "said BBVA analysis area.
The analysis concludes that the prospects for most states remains stronger than one might infer from the lack of acceleration in activity in February.
First, while employment fell in most states, the construction activity continues its positive trend, contributing to improved outcomes in 27 of 50 states.
Financial Group also notes that low inventories and increased confidence will encourage the construction activity in most of the states of the American Union; recent indicators of private investment in residential and non-residential properties suggest a strong upside potential.
"Despite the historically low rates of household formation among young professionals, most trusted Millennials in the labor market will encourage the purchase of first homes and give boost to housing prices," said BBVA.
For the Spanish group, the increased demand for manufacturing labor force in the U.S. and highly qualified support income growth, in real terms, have been stagnant since 2000.
"For the bank activity on the West Coast and in resource-rich areas will benefit from the remarkable recovery of activity in the areas of housing, construction and exports surpass much of the country in the first half of 2014, "said BBVA analysis area.
The analysis concludes that the prospects for most states remains stronger than one might infer from the lack of acceleration in activity in February.
First, while employment fell in most states, the construction activity continues its positive trend, contributing to improved outcomes in 27 of 50 states.
Financial Group also notes that low inventories and increased confidence will encourage the construction activity in most of the states of the American Union; recent indicators of private investment in residential and non-residential properties suggest a strong upside potential.
"Despite the historically low rates of household formation among young professionals, most trusted Millennials in the labor market will encourage the purchase of first homes and give boost to housing prices," said BBVA.
For the Spanish group, the increased demand for manufacturing labor force in the U.S. and highly qualified support income growth, in real terms, have been stagnant since 2000.
Lunes, Hunyo 16, 2014
Government options to help rental housing
The Federal Government, through the site http://blog.gobiernousa.gov, announced financial assistance programs for rental housing.
The amount of financial assistance that the applicant receives varies according to your monthly income, family size and requirements of the state where the property is located. Usually, the government pays the largest share of the rent and the beneficiary is responsible for paying the rest.
To apply to be part of this program must be a U.S. citizen, permanent resident or meet certain immigration requirements. To submit an application and other information about registration requirements, it is best to contact the local office of the Public Housing Agency.
The applicant will receive a voucher when your request is approved. Then you need to find a home that suits your needs and who is entered under this program. Depending on the number of applications received, it may be on a waiting list.
The amount of financial assistance that the applicant receives varies according to your monthly income, family size and requirements of the state where the property is located. Usually, the government pays the largest share of the rent and the beneficiary is responsible for paying the rest.
To apply to be part of this program must be a U.S. citizen, permanent resident or meet certain immigration requirements. To submit an application and other information about registration requirements, it is best to contact the local office of the Public Housing Agency.
The applicant will receive a voucher when your request is approved. Then you need to find a home that suits your needs and who is entered under this program. Depending on the number of applications received, it may be on a waiting list.
Biyernes, Hunyo 13, 2014
Pending sales of existing homes rise modestly in US
Contracts to buy U.S. homes rose modestly used in April, a sign of stabilization in the housing market that had been affected by a rise in mortgage rates and the harsh winter.
The National Association of Realtors (NAR, for its acronym in English) reported that its index of pending home sales, based on contracts signed last table, rose 0.4 percent to 97.8.
Analysts had expected a 1.0 percent advance.
The National Association of Realtors (NAR, for its acronym in English) reported that its index of pending home sales, based on contracts signed last table, rose 0.4 percent to 97.8.
Analysts had expected a 1.0 percent advance.
Miyerkules, Abril 2, 2014
More Hispanics are homeowners
Washington - Hispanic families with home ownership increased from 4.2 million in the year 2000 to 6,600,000 in 2012 , representing an increase of 58 % , said Wednesday the National Association of Realtors ( NAHREP ) .
The rest of the U.S. population in the same period saw a net increase of only 5% , according to data from the association.
With these figures , Hispanic families are consolidated as the largest minority in buying homes in the country, NAHREP said.
"Despite a difficult economic environment and poor housing market , Hispanics have registered gains in all the ways that lead them to homeownership ," said Juan Martinez, president of NAHREP .
In 2012 , Hispanics continued to lead the increase in home ownership , registering 693,000 new properties , compared to 355,000 in 2011 .
The housing association, which produced its usual annual Census report indicated that the " combination of demographic and economic trends explain why this colossal consumer segment will be a key force behind the economic revitalization ."
In the last twelve years, only in 2009 and 2010 , and because of the economic crisis in the United States, there have been declines in home buying by the Hispanic community.
As a percentage of total home ownership in the U.S., however, has decreased from 47.5 % in 2010 to 46.1 % in 2012.
NAHREP explains this figure by the tremendous growth of the Hispanic population in the United States, where 50,000 citizens each month come of age and has been an increase of more than a million Hispanic households in the last two years.
Hispanics also show an increasing purchasing power , estimated at about $ 1.2 billion today, and is projected to reach 1.5 billion in 2015.
In education samples increased Hispanic presence is also seen , with more than two million Hispanics between 18 and 24 years in college.
The rest of the U.S. population in the same period saw a net increase of only 5% , according to data from the association.
With these figures , Hispanic families are consolidated as the largest minority in buying homes in the country, NAHREP said.
"Despite a difficult economic environment and poor housing market , Hispanics have registered gains in all the ways that lead them to homeownership ," said Juan Martinez, president of NAHREP .
In 2012 , Hispanics continued to lead the increase in home ownership , registering 693,000 new properties , compared to 355,000 in 2011 .
The housing association, which produced its usual annual Census report indicated that the " combination of demographic and economic trends explain why this colossal consumer segment will be a key force behind the economic revitalization ."
In the last twelve years, only in 2009 and 2010 , and because of the economic crisis in the United States, there have been declines in home buying by the Hispanic community.
As a percentage of total home ownership in the U.S., however, has decreased from 47.5 % in 2010 to 46.1 % in 2012.
NAHREP explains this figure by the tremendous growth of the Hispanic population in the United States, where 50,000 citizens each month come of age and has been an increase of more than a million Hispanic households in the last two years.
Hispanics also show an increasing purchasing power , estimated at about $ 1.2 billion today, and is projected to reach 1.5 billion in 2015.
In education samples increased Hispanic presence is also seen , with more than two million Hispanics between 18 and 24 years in college.
Martes, Abril 1, 2014
Miami will have its "Little Santo Domingo"
Commissioner Wifredo Gort said the urban concept will be performed in District 1 .
As already in the tourist areas like Miami , " Little Havana " or " Little Haiti " , this multicultural city in southern Florida (USA ) will before the end of the year with their own " Little Santo Domingo" .
"Right now I'm working on a concept to create a ' Small Santo Domingo ' in District 1 Miami ," confirmed Monday the commissioner Wifredo Gort , who will boost this initiative with the purpose of revitalizing the neighborhood of Allapattah .
Gort , 72 and who came to occupy the mayor of Miami in 1996 for two months by the death of his predecessor , said on its website the hope that , with this initiative, have " the same success as I managed to Little Havana " .
" In the past he forged a plan to develop the area of ' Little Havana ' " he said, and today "is a great tourist attraction, where you organize the ' Cultural Friday ' and performances by artists of Latin American community."
The idea is to promote the "Little Santo Domingo" in the neighborhood of Allapattah , informally and is named by many and that, along with Grapeland Heights, forming the so-called District 1 Miami.
Allapattah is seeing the neighbor Wynwood is becoming accelerated marches in trendy Miami and a magnet for artists and powerful real estate investment and modern business .
In the poor neighborhood of Allapattah , whose name comes from the term " alligator " ( alligator ) in the language of the Seminole Indians today live a great mix of Caribbean and Latin American , so that about 75 % of the population is Latino and 20% black .
In Allapattah , as in other areas of southern Florida, many Dominicans live and many of them have not come here directly from their countries , but is often seen arriving from New York.
According to the U.S. Census , Dominicans represent 3 % of the U.S. Hispanic population , but nearly 80 % live in the northeast of the country, especially in New York, where about half (about 675,000 in 2010) .
In Florida lived about 172,450 Dominicans in 2010, also according to the census , and historically have focused largely on Allapattah , although the high concentration that occurred in the 70s is not so certain .
Still, in the stretch of 17th Avenue that runs through this neighborhood were opened some of the first Dominicans business in the region and even today are the majority.
The intention of the authorities is , among other initiatives, fix the facades of the area where the park is Juan Pablo Duarte , honoring one of the " founding fathers" of Dominican Republic , and decorate with Dominican reasons.
As already in the tourist areas like Miami , " Little Havana " or " Little Haiti " , this multicultural city in southern Florida (USA ) will before the end of the year with their own " Little Santo Domingo" .
"Right now I'm working on a concept to create a ' Small Santo Domingo ' in District 1 Miami ," confirmed Monday the commissioner Wifredo Gort , who will boost this initiative with the purpose of revitalizing the neighborhood of Allapattah .
Gort , 72 and who came to occupy the mayor of Miami in 1996 for two months by the death of his predecessor , said on its website the hope that , with this initiative, have " the same success as I managed to Little Havana " .
" In the past he forged a plan to develop the area of ' Little Havana ' " he said, and today "is a great tourist attraction, where you organize the ' Cultural Friday ' and performances by artists of Latin American community."
The idea is to promote the "Little Santo Domingo" in the neighborhood of Allapattah , informally and is named by many and that, along with Grapeland Heights, forming the so-called District 1 Miami.
Allapattah is seeing the neighbor Wynwood is becoming accelerated marches in trendy Miami and a magnet for artists and powerful real estate investment and modern business .
In the poor neighborhood of Allapattah , whose name comes from the term " alligator " ( alligator ) in the language of the Seminole Indians today live a great mix of Caribbean and Latin American , so that about 75 % of the population is Latino and 20% black .
In Allapattah , as in other areas of southern Florida, many Dominicans live and many of them have not come here directly from their countries , but is often seen arriving from New York.
According to the U.S. Census , Dominicans represent 3 % of the U.S. Hispanic population , but nearly 80 % live in the northeast of the country, especially in New York, where about half (about 675,000 in 2010) .
In Florida lived about 172,450 Dominicans in 2010, also according to the census , and historically have focused largely on Allapattah , although the high concentration that occurred in the 70s is not so certain .
Still, in the stretch of 17th Avenue that runs through this neighborhood were opened some of the first Dominicans business in the region and even today are the majority.
The intention of the authorities is , among other initiatives, fix the facades of the area where the park is Juan Pablo Duarte , honoring one of the " founding fathers" of Dominican Republic , and decorate with Dominican reasons.
Lunes, Marso 31, 2014
Buying a home ... to live or as an investment
The fact that hundreds of thousands of mortgages are in a difficult situation in the nation , and many other persons in a process that may lose their homes , or have already lost , does not mean you do not have opportunities to bring to reality your dream of owning your first home. Or that you can not spend money to buy a house to get money renting it .
All you know is doing things that you find out if the economic conditions to carry them out , and you will find good opportunities to purchase and mortgage. If it is the first property you 're buying , take his lead to banks - this precalificándote you get yourself to that loan you want .
The magic number in this strategy is 31 . I say this because your mortgage payment that you think home - purchase - including insurance and taxes should not exceed more than 31 % of your monthly gross entry . Use a simple calculator to do the math . For example, if you earn $ 2000 a month, your monthly payment should not exceed $ 620, which is 31 % of $ 2000 . This is what is known as DTI , the Debt to Income Ratio English , meaning the ratio between what you earn and what you owe on your mortgage .
One important thing to do in your efforts to buy a home is llegarte Agency of the Department of Urban Development HUD or more near - or visit to find out where http://espanol.hud.gov- offer classes in home purchases . They not only going to be able to have access to good government programs , but you can also view properties that have been repossessed by the agency and could offer you a good price. In many cases it is not necessary that the property you 're shopping , as a home or investment property is your first .
If you think you do not qualify to buy a home because your income is too low, the HUD you can also offer alternatives , as there are government programs to help you pay your mortgage or your rent if you have a very limited income.
To stabilize the economy , the housing system has to stabilize first, and while many try to do so by modifying their mortgage loans or refinancing your debts, you can help yourself and you help our economy by taking advantage of low prices and interests we have at this time , and that could soon change .
All you know is doing things that you find out if the economic conditions to carry them out , and you will find good opportunities to purchase and mortgage. If it is the first property you 're buying , take his lead to banks - this precalificándote you get yourself to that loan you want .
The magic number in this strategy is 31 . I say this because your mortgage payment that you think home - purchase - including insurance and taxes should not exceed more than 31 % of your monthly gross entry . Use a simple calculator to do the math . For example, if you earn $ 2000 a month, your monthly payment should not exceed $ 620, which is 31 % of $ 2000 . This is what is known as DTI , the Debt to Income Ratio English , meaning the ratio between what you earn and what you owe on your mortgage .
One important thing to do in your efforts to buy a home is llegarte Agency of the Department of Urban Development HUD or more near - or visit to find out where http://espanol.hud.gov- offer classes in home purchases . They not only going to be able to have access to good government programs , but you can also view properties that have been repossessed by the agency and could offer you a good price. In many cases it is not necessary that the property you 're shopping , as a home or investment property is your first .
If you think you do not qualify to buy a home because your income is too low, the HUD you can also offer alternatives , as there are government programs to help you pay your mortgage or your rent if you have a very limited income.
To stabilize the economy , the housing system has to stabilize first, and while many try to do so by modifying their mortgage loans or refinancing your debts, you can help yourself and you help our economy by taking advantage of low prices and interests we have at this time , and that could soon change .
Sabado, Marso 29, 2014
13.4% plummet sales of new homes in U.S.
The recent recovery of the housing market in the United States received a setback with the publication of the July new home sales , which plummeted unexpectedly played their worst mark in nine months , showing that the increase in mortgage rates is moderating industry momentum .
The Commerce Department reported that sales fell 13.4 percent - its biggest decline in three years - at an annual rate of 394,000 units in July , which was lower than the forecast of 490,000 .
Although the sales increased 6.8 percent annual rate, compared with the same month of 2012 , and while the average property prices surged 8.3 percent to 257 200 dollars , analysts do not hesitate to point out that the numbers are very bad for the sector.
"The figure leaves us in shock , we must wait for the data in the coming months ," she added Doug Duncan, chief economist at Fannie Mae in Washington , for whom sales still suggest that the sector's recovery is steady but not robust .
Data simultaneously weaken the expectation that the U.S. Federal Reserve will begin to reduce their rate of bond purchases in September.
"The rise in mortgage rates is having an impact on the property market ," confirmed Scott Brown, chief economist at Raymond James in St. Petersburg , Florida.
Mortgage rates have risen sharply since May on expectations that the Fed will start soon cut its program of monetary stimulus.
The Commerce Department reported that sales fell 13.4 percent - its biggest decline in three years - at an annual rate of 394,000 units in July , which was lower than the forecast of 490,000 .
Although the sales increased 6.8 percent annual rate, compared with the same month of 2012 , and while the average property prices surged 8.3 percent to 257 200 dollars , analysts do not hesitate to point out that the numbers are very bad for the sector.
"The figure leaves us in shock , we must wait for the data in the coming months ," she added Doug Duncan, chief economist at Fannie Mae in Washington , for whom sales still suggest that the sector's recovery is steady but not robust .
Data simultaneously weaken the expectation that the U.S. Federal Reserve will begin to reduce their rate of bond purchases in September.
"The rise in mortgage rates is having an impact on the property market ," confirmed Scott Brown, chief economist at Raymond James in St. Petersburg , Florida.
Mortgage rates have risen sharply since May on expectations that the Fed will start soon cut its program of monetary stimulus.
Huwebes, Marso 27, 2014
U.S. home sales rise to up to 6 ½ years
Sales of previously owned U.S. homes in August reached its highest level in six and a half years because buyers returned to the market in large numbers to ensure the costs of cheap credit , amid rising mortgage rates.
The National Association of Realtors (NAR , for its acronym in English ) said Thursday that sales of existing homes rose 1.7 percent last month to an annualized rate of 5.48 million units , the level highest since February 2007, when property values began to decline.
Economists polled by Reuters had forecast a rise to a rate of 5.25 million units in August . The housing recovery has helped prop up the economy to improve household finances and support consumer spending .
The NAR chief economist Lawrence Yun said the housing market may be experiencing a temporary maximum undecided because potential buyers are encouraged to close deals before a likely increase in borrowing costs .
"The rise in mortgage rates led to more buyers to close deals , but monthly sales are likely to be mixed in the coming months from various market frictions ," he said , pointing to a tight inventory limit the choice in various real estate sectors .
Mortgage rates have risen in recent months after hitting a low of 3.35 percent in May , according to Freddie Mac 's mortgage 30 year fixed rate was 4.5 percent as of September 19 close a maximum level in two years .
The Fed cited tougher financial conditions as a reason for its decision announced on Wednesday not to start reducing its stimulus package , a surprise to investors and economists who had expected a slowdown in the massive program of bond purchases .
Minor asset purchases have driven mortgage rates even more .
Last month, the inventory of unsold homes on the market rose slightly and the pace of August sales represented a 4.9 months supply , the NAR said .
"There is an ongoing shortage of homes ," said Yun , who added that he believes that to change.
The offer of the month remained below 6.0 months , which is usually considered a healthy balance between supply and demand . The U.S. housing market has been impacted by tight in some parts of the country inventories.
The median price of existing homes in August rose 14.7 percent year on year , to $ 212,100 .
The distressed properties , which may weigh on prices as they usually are sold at deep discounts , accounted for 12 percent of sales last month , the lowest level since the NAR began tracking the data in 2008.
Investors purchased 17 percent of homes in August and those who acquired a home for the first time accounted for 28 percent of transactions.
Rising home values and mortgage rates have begun to marginalize first buyers of the real estate market and affect affordability.
The National Association of Realtors (NAR , for its acronym in English ) said Thursday that sales of existing homes rose 1.7 percent last month to an annualized rate of 5.48 million units , the level highest since February 2007, when property values began to decline.
Economists polled by Reuters had forecast a rise to a rate of 5.25 million units in August . The housing recovery has helped prop up the economy to improve household finances and support consumer spending .
The NAR chief economist Lawrence Yun said the housing market may be experiencing a temporary maximum undecided because potential buyers are encouraged to close deals before a likely increase in borrowing costs .
"The rise in mortgage rates led to more buyers to close deals , but monthly sales are likely to be mixed in the coming months from various market frictions ," he said , pointing to a tight inventory limit the choice in various real estate sectors .
Mortgage rates have risen in recent months after hitting a low of 3.35 percent in May , according to Freddie Mac 's mortgage 30 year fixed rate was 4.5 percent as of September 19 close a maximum level in two years .
The Fed cited tougher financial conditions as a reason for its decision announced on Wednesday not to start reducing its stimulus package , a surprise to investors and economists who had expected a slowdown in the massive program of bond purchases .
Minor asset purchases have driven mortgage rates even more .
Last month, the inventory of unsold homes on the market rose slightly and the pace of August sales represented a 4.9 months supply , the NAR said .
"There is an ongoing shortage of homes ," said Yun , who added that he believes that to change.
The offer of the month remained below 6.0 months , which is usually considered a healthy balance between supply and demand . The U.S. housing market has been impacted by tight in some parts of the country inventories.
The median price of existing homes in August rose 14.7 percent year on year , to $ 212,100 .
The distressed properties , which may weigh on prices as they usually are sold at deep discounts , accounted for 12 percent of sales last month , the lowest level since the NAR began tracking the data in 2008.
Investors purchased 17 percent of homes in August and those who acquired a home for the first time accounted for 28 percent of transactions.
Rising home values and mortgage rates have begun to marginalize first buyers of the real estate market and affect affordability.
Lunes, Marso 24, 2014
A real commitment to lift the tallest skyscraper in Miami
The architectural competition in the United States for the construction of skyscrapers now comes to Miami , where a real estate developer plans to build a tower over 300 feet tall , which would make , to overcome all the requirements, the highest in the " sunshine capital " .
The so-called Skyrise will rise at the heart of "downtown " (city center) of Miami, with a sleek, aerodynamic design , air ramp launching spacecraft , which built, would be not only the tallest skyscraper the city, but the most striking.
With 305 meters high , the spectacular observation tower and leisure center will dominate the entire city of Miami, an initiative which , apparently , has already received approval from the Federal Aviation Administration and airport authorities.
The design of the slim metal tower , open at the sides , will be in charge of the Miami firm Arquitectonica, the same charge of design large entertainment center and casino planned by the Malaysian group Genting .
The tower will have three balconies, a restaurant , a nightclub , a flight simulator , meeting rooms and a room for interactive exhibits, among other deals, the website said Skyrise , although still some mystery about its construction remains .
The Miami Skyrise is an " iconic building of the great city of Miami, located just minutes from Miami Airport and next to the port, the American Airlines Arena" and important museums , he said.
According to The Miami Herald, Jeff Berkowitz, of Miami, is the developer responsible for the project, Tishman Construction and Coastal Construction as general contractor .
The construction of skyscrapers, still in embryo, begin in mid- 2014 and conclude in mid- 2017 , while generate more than 7,100 jobs during its development phase and another 17,000 after opening.
The plan for the construction of this amazing work of engineering will be presented on December 2 and " consolidate to Miami in the list of the world's great cities ," the newspaper said Berkowitz .
Construction of the skyscraper will have a total economic impact in Miami, during its development, more than 880 million dollars and 1.3 billion dollars a year after opening , Skyrise said in its website .
The so-called Skyrise will rise at the heart of "downtown " (city center) of Miami, with a sleek, aerodynamic design , air ramp launching spacecraft , which built, would be not only the tallest skyscraper the city, but the most striking.
With 305 meters high , the spectacular observation tower and leisure center will dominate the entire city of Miami, an initiative which , apparently , has already received approval from the Federal Aviation Administration and airport authorities.
The design of the slim metal tower , open at the sides , will be in charge of the Miami firm Arquitectonica, the same charge of design large entertainment center and casino planned by the Malaysian group Genting .
The tower will have three balconies, a restaurant , a nightclub , a flight simulator , meeting rooms and a room for interactive exhibits, among other deals, the website said Skyrise , although still some mystery about its construction remains .
The Miami Skyrise is an " iconic building of the great city of Miami, located just minutes from Miami Airport and next to the port, the American Airlines Arena" and important museums , he said.
According to The Miami Herald, Jeff Berkowitz, of Miami, is the developer responsible for the project, Tishman Construction and Coastal Construction as general contractor .
The construction of skyscrapers, still in embryo, begin in mid- 2014 and conclude in mid- 2017 , while generate more than 7,100 jobs during its development phase and another 17,000 after opening.
The plan for the construction of this amazing work of engineering will be presented on December 2 and " consolidate to Miami in the list of the world's great cities ," the newspaper said Berkowitz .
Construction of the skyscraper will have a total economic impact in Miami, during its development, more than 880 million dollars and 1.3 billion dollars a year after opening , Skyrise said in its website .
Biyernes, Marso 21, 2014
The real estate market boom of Miami
The strong recovery of the market in South Florida continues to get attention. In this comprehensive report written by Fernando Levy Hara market situation shows from the last crisis .
In my last article for Real Estate Report in June 2012 I noted that the deep recession that had shaken since 2008 the real estate market in South Florida seemed to be beginning to disappear .
The property prices have stopped falling and had begun to recover slowly ; rental prices had begun to rise and the number of vacant units to decline.
The stock of 42,000 completed units remaining unsold in 2008 had been absorbed gradually , and there were only 4,500 vacant units . He ended the article saying, " this is the time to re-enter this market , those who enter in the next 24 months will be buying in the beginning of the new virtuous cycle of real estate boom and may have excellent yields within 4-5 years when prices recover . "
Luckily , I was not wrong . Many thought it was too optimistic back in 2009 when I had to swear to my investors would make an excellent business investing in property in "distress " in South Florida.
In 2010 I had to defend my thesis in the Program in Real Estate Development from which I graduated from Harvard University, and some of the jurors, ( the most recognized professors and real estate advisors USA) told me , "Your numbers sound too optimistic, recovery will not reach the region until 2020. "
But I insisted that before 2013 , we would see construction cranes filling the skyline again Miami ... and luckily I was right. I found one of those teachers last month at Harvard, where now I teach classes , and just saw me he said, " I remembered a lot of you ... if you followed in business your theory , you should have made a lot of money these years , it is not right? " . It was a great pleasure to hear .
The recovery of the condo market in this area of the country is , even for an optimist like me, without a doubt amazing .
Of the 42,000 condo units ( beyond what we call horizontal property ) if there are only 650 sold .
Empty units are at a historically low record : 1.4 % of all units are not rented or occupied by their current owners , compared with 4.5% on average across the country .
Only in the area of the urban core of Miami ( Brickell -Downtown- Edgewater- Midtown, from the center of the city to the Bridge Street NE 33) there is a demand for 6542 new units each year due to the new trend of young professionals to live near the downtown area of the city avoiding commute an hour drive to work. This demand is not satisfied now : for 7 years, no new projects were started in the area, and currently there is less supply than demand .
For this reason, the rents rose rapidly : an extraordinary 10.6% in 2012 ( in a country with less than 2 % inflation ); estimated to rise 6% this year and 3.5% each the next four years . As we studied in economics , by rising rents, rising prices of the properties below , so that " the value of goods is directly proportional to the income they generate ."
The National Board of Realtors, one of the largest professional institutions in the country, has appointed Miami with " Number 1 in the market rate of recovery in 2012."
Because recovery was stronger than in other cities?
• On the one hand , Miami is one of the metropolitan areas of higher population growth. While cities like Detroit and other industrial cities in the Midwest are shrinking rapidly (up to 2 % annually over the past 13 years ), Miami has grown between 2% and 1.2% per year since the beginning of the millennium.
• Still paradise for foreigners like me, looking for a place with quality of life , good weather, and professional development opportunities not found elsewhere.
• In addition , the vast majority of these immigrants are young, between 25 and 45, who are in the middle stage of formation and growth of their families. South Florida was no longer 15 years ago the city of withdrawal of American retirees. The population is growing and with them, the need for more and better housing units.
• The demographic composition also contributes : currently 23.5 % of the units are occupied by one person , 27.5 % and 18.7 % for two for three . This creates greater demand for residential units at the beginning of the decade.
• In return for the past 7 years, only 200 new condominium units were built in the area, waiting for the surplus left by the crisis absorbed .
• Finally , we can not fail to mention the powerful effect of the thousands of foreigners who arrived after the crisis to invest their savings in this market , perceived as solid and stable, and where anyone can do business even if not resident , not pay higher taxes, and free to take your money the day you sell your property. The State of Florida is one of the U.S. states in which fewer taxes are paid because, unlike others such as New York or California, there is no provincial income tax . For the same investment in California is paid up to 53 % tax , here will pay 20 %.
Investors came this time around. Until the previous boom, most of the capital came from Latin America. In 2012 , for the first time , the group of biggest foreign buyers came from ... France. The French, eager to escape the onerous 75 % rate of income tax that President Hollande proposed as part of his campaign promise , put aside their traditional aversion to invest abroad , and bought 20 % of the units for sale in the area ... more than Canadians, Venezuelans, Brazilians and Argentines, traditional buyers of properties in this city.
Finally we should add that Miami is in train to become one of the most important cities in the country. Currently already one of the ten metropolitan areas with higher GDP : it is important to note that the GDP of South Florida, an area of 9 million and 90 kilometers long, is higher than any country in Latin America except Brazil and Mexico .
My prediction ?
The condo market in South Florida has given all the conditions to experience sustained development cycle for the next three or four years.
Think of Buenos Aires in 2003 to understand : after a severe crisis in that year the first developments began to appear , driven by the costs and low sales prices . Those who bought at the time to $ 1,100 per square meter thought they were paying expensive but resold three years later for $ 2500. Smart developers then bought huge lots to build 30-story towers at prices that now there is a small batch to get a 7-storey building .
Currently this same thing happening in Miami :
In January 2012 we purchased land on water, located in Edgewater , the new top area of Miami, an issue of $ 260 per m2. salable . Last month, the last two lots on the water with an incidence of 850 ! Sold ! The cycle is always the same : at the beginning of the recovery phase increases the price of land , then the construction costs , and this translates to sales prices of new units first and used later.
I do not think that prices increase 100 % as in the Buenos Aires market, because that would be a very exaggerated rise to mature as the South Florida market, but conservative think the price of condominiums increased by 20 % and 30% , following the sharp rise in rental prices .
As the investor can finance 50 % or 60 % of the investment with a bank loan , this allows you to " leverage " their investment , achieving yields of between 40 and 60 % the day you re sell the property, unimaginable gain until very shortly.
In my last article for Real Estate Report in June 2012 I noted that the deep recession that had shaken since 2008 the real estate market in South Florida seemed to be beginning to disappear .
The property prices have stopped falling and had begun to recover slowly ; rental prices had begun to rise and the number of vacant units to decline.
The stock of 42,000 completed units remaining unsold in 2008 had been absorbed gradually , and there were only 4,500 vacant units . He ended the article saying, " this is the time to re-enter this market , those who enter in the next 24 months will be buying in the beginning of the new virtuous cycle of real estate boom and may have excellent yields within 4-5 years when prices recover . "
Luckily , I was not wrong . Many thought it was too optimistic back in 2009 when I had to swear to my investors would make an excellent business investing in property in "distress " in South Florida.
In 2010 I had to defend my thesis in the Program in Real Estate Development from which I graduated from Harvard University, and some of the jurors, ( the most recognized professors and real estate advisors USA) told me , "Your numbers sound too optimistic, recovery will not reach the region until 2020. "
But I insisted that before 2013 , we would see construction cranes filling the skyline again Miami ... and luckily I was right. I found one of those teachers last month at Harvard, where now I teach classes , and just saw me he said, " I remembered a lot of you ... if you followed in business your theory , you should have made a lot of money these years , it is not right? " . It was a great pleasure to hear .
The recovery of the condo market in this area of the country is , even for an optimist like me, without a doubt amazing .
Of the 42,000 condo units ( beyond what we call horizontal property ) if there are only 650 sold .
Empty units are at a historically low record : 1.4 % of all units are not rented or occupied by their current owners , compared with 4.5% on average across the country .
Only in the area of the urban core of Miami ( Brickell -Downtown- Edgewater- Midtown, from the center of the city to the Bridge Street NE 33) there is a demand for 6542 new units each year due to the new trend of young professionals to live near the downtown area of the city avoiding commute an hour drive to work. This demand is not satisfied now : for 7 years, no new projects were started in the area, and currently there is less supply than demand .
For this reason, the rents rose rapidly : an extraordinary 10.6% in 2012 ( in a country with less than 2 % inflation ); estimated to rise 6% this year and 3.5% each the next four years . As we studied in economics , by rising rents, rising prices of the properties below , so that " the value of goods is directly proportional to the income they generate ."
The National Board of Realtors, one of the largest professional institutions in the country, has appointed Miami with " Number 1 in the market rate of recovery in 2012."
Because recovery was stronger than in other cities?
• On the one hand , Miami is one of the metropolitan areas of higher population growth. While cities like Detroit and other industrial cities in the Midwest are shrinking rapidly (up to 2 % annually over the past 13 years ), Miami has grown between 2% and 1.2% per year since the beginning of the millennium.
• Still paradise for foreigners like me, looking for a place with quality of life , good weather, and professional development opportunities not found elsewhere.
• In addition , the vast majority of these immigrants are young, between 25 and 45, who are in the middle stage of formation and growth of their families. South Florida was no longer 15 years ago the city of withdrawal of American retirees. The population is growing and with them, the need for more and better housing units.
• The demographic composition also contributes : currently 23.5 % of the units are occupied by one person , 27.5 % and 18.7 % for two for three . This creates greater demand for residential units at the beginning of the decade.
• In return for the past 7 years, only 200 new condominium units were built in the area, waiting for the surplus left by the crisis absorbed .
• Finally , we can not fail to mention the powerful effect of the thousands of foreigners who arrived after the crisis to invest their savings in this market , perceived as solid and stable, and where anyone can do business even if not resident , not pay higher taxes, and free to take your money the day you sell your property. The State of Florida is one of the U.S. states in which fewer taxes are paid because, unlike others such as New York or California, there is no provincial income tax . For the same investment in California is paid up to 53 % tax , here will pay 20 %.
Investors came this time around. Until the previous boom, most of the capital came from Latin America. In 2012 , for the first time , the group of biggest foreign buyers came from ... France. The French, eager to escape the onerous 75 % rate of income tax that President Hollande proposed as part of his campaign promise , put aside their traditional aversion to invest abroad , and bought 20 % of the units for sale in the area ... more than Canadians, Venezuelans, Brazilians and Argentines, traditional buyers of properties in this city.
Finally we should add that Miami is in train to become one of the most important cities in the country. Currently already one of the ten metropolitan areas with higher GDP : it is important to note that the GDP of South Florida, an area of 9 million and 90 kilometers long, is higher than any country in Latin America except Brazil and Mexico .
My prediction ?
The condo market in South Florida has given all the conditions to experience sustained development cycle for the next three or four years.
Think of Buenos Aires in 2003 to understand : after a severe crisis in that year the first developments began to appear , driven by the costs and low sales prices . Those who bought at the time to $ 1,100 per square meter thought they were paying expensive but resold three years later for $ 2500. Smart developers then bought huge lots to build 30-story towers at prices that now there is a small batch to get a 7-storey building .
Currently this same thing happening in Miami :
In January 2012 we purchased land on water, located in Edgewater , the new top area of Miami, an issue of $ 260 per m2. salable . Last month, the last two lots on the water with an incidence of 850 ! Sold ! The cycle is always the same : at the beginning of the recovery phase increases the price of land , then the construction costs , and this translates to sales prices of new units first and used later.
I do not think that prices increase 100 % as in the Buenos Aires market, because that would be a very exaggerated rise to mature as the South Florida market, but conservative think the price of condominiums increased by 20 % and 30% , following the sharp rise in rental prices .
As the investor can finance 50 % or 60 % of the investment with a bank loan , this allows you to " leverage " their investment , achieving yields of between 40 and 60 % the day you re sell the property, unimaginable gain until very shortly.
Biyernes, Marso 14, 2014
NATIONAL REAL ESTATE SHOW: INTERNATIONAL STONE ARE ALSO ITS PLACE!
If , as the adjective indicates, the National Real Estate Fair is intended to accommodate primarily hexagonal exhibitors , it reserves a portion of its surface pit " from elsewhere" : Mauritius, Florida , Spain, Thailand , New Zealand , Tunisia ... the countries present at the Porte de Versailles all promise a dream holiday .
"These destinations cater to exotic investors looking to diversify their investments , and retirees who want to enjoy this part of their lives to live in a warmer climate , and at a lower cost , that ' in France . " Indeed, abundant sunshine is not the only reason for the growing popularity of French investors in these destinations. All appear well below those in France property prices. Throughout fact, the financial crisis has reduced the claims of vendors, including Florida, U.S. State yet the most popular .
Another determining factor taxation. While real estate taxes are cutting into France returns the rental and away 30 years total exemption from capital gain on resale , countries like Mauritius and Portugal offer possibilities zero tax under certain conditions .
Professionals in these countries have understood the unique opportunity presented by the Fair to meet with candidates in the sun. Mauritius and there is strength . The Agency for the Promotion of National Investment Government of Mauritius is present to support its exhibitors. If prices start at € 200,000 for a small apartment near the sea , under the RES , a house at the edge of the Indian Ocean easily reached the million and a half euros . But the proud owner does not pay tax on capital gains or inheritance tax.
Florida also attracts more and more French . "The Miami real estate market has experienced strong growth in December 2013 with a strong increase in sales of houses and condos, according to data from 31,000 members of the Association of Realtors in Miami. "Writes Brigitte Bénichay , a French based in Miami for over twenty years. And the Chairman of the Board of Directors of the Association of Realtors Miami : "The fact that we see strong growth in the number of sales for both mid-range and high-end is further evidence that there has never been a better time to invest in Miami . "
In Asia , the dream begins to € 250,000 for a villa with pool on the island of Kho Samui. And a little later in the Pacific, New Zealand attracts French investors.
" New Zealand is now a destination for investment . Very politically stable , the country enjoys a vibrant economy and attracting more and more investors around the world, "says Myriam Kleinmann that drives society New Zealand Service .
"These destinations cater to exotic investors looking to diversify their investments , and retirees who want to enjoy this part of their lives to live in a warmer climate , and at a lower cost , that ' in France . " Indeed, abundant sunshine is not the only reason for the growing popularity of French investors in these destinations. All appear well below those in France property prices. Throughout fact, the financial crisis has reduced the claims of vendors, including Florida, U.S. State yet the most popular .
Another determining factor taxation. While real estate taxes are cutting into France returns the rental and away 30 years total exemption from capital gain on resale , countries like Mauritius and Portugal offer possibilities zero tax under certain conditions .
Professionals in these countries have understood the unique opportunity presented by the Fair to meet with candidates in the sun. Mauritius and there is strength . The Agency for the Promotion of National Investment Government of Mauritius is present to support its exhibitors. If prices start at € 200,000 for a small apartment near the sea , under the RES , a house at the edge of the Indian Ocean easily reached the million and a half euros . But the proud owner does not pay tax on capital gains or inheritance tax.
Florida also attracts more and more French . "The Miami real estate market has experienced strong growth in December 2013 with a strong increase in sales of houses and condos, according to data from 31,000 members of the Association of Realtors in Miami. "Writes Brigitte Bénichay , a French based in Miami for over twenty years. And the Chairman of the Board of Directors of the Association of Realtors Miami : "The fact that we see strong growth in the number of sales for both mid-range and high-end is further evidence that there has never been a better time to invest in Miami . "
In Asia , the dream begins to € 250,000 for a villa with pool on the island of Kho Samui. And a little later in the Pacific, New Zealand attracts French investors.
" New Zealand is now a destination for investment . Very politically stable , the country enjoys a vibrant economy and attracting more and more investors around the world, "says Myriam Kleinmann that drives society New Zealand Service .
Lunes, Marso 10, 2014
Real Estate USA: home resales rose sharply
Home resales in the U.S. rose by 7, 7 % in August to 5.03 million units on an annualized basis , according to figures released Wednesday by the National Association of Realtors (NAR) , the Federation of American real estate agents. Monthly increases were recorded in all regions. Year over year, home resales rose 18.6 % in August.
According to Lawrence Yun , chief economist of NAR , the resumption of trading is explained in particular by improving accessibility and rising rents conditions, but also by the realization of deferred in previous months sales. In addition , investors were more active in the market, especially to absorb the stock of foreclosed properties . In August , the share of investors represented 22 % of total buyers, against 18 % in July. The share of first-time buyers remains stable at 32 %.
The median sale price stood at $ 168,300 in August , down 5.1 % year on year . Distress sales accounted for 31 % of total sales in August , against 29 % in July and 34% in August 2013.
The inventory of homes for sale in late August decreased by 3 % to 3.58 million units , representing a supply of 8.5 months at the current rate of sales ( against 9.5 months in July).
According to Lawrence Yun , chief economist of NAR , the resumption of trading is explained in particular by improving accessibility and rising rents conditions, but also by the realization of deferred in previous months sales. In addition , investors were more active in the market, especially to absorb the stock of foreclosed properties . In August , the share of investors represented 22 % of total buyers, against 18 % in July. The share of first-time buyers remains stable at 32 %.
The median sale price stood at $ 168,300 in August , down 5.1 % year on year . Distress sales accounted for 31 % of total sales in August , against 29 % in July and 34% in August 2013.
The inventory of homes for sale in late August decreased by 3 % to 3.58 million units , representing a supply of 8.5 months at the current rate of sales ( against 9.5 months in July).
Investing in real estate in the USA: why not?
Orlando is today the most visited city in the world with 51.5 million visitors (tourists but also " conventionneurs " because the Orlando Convention Center is one of the largest in the world ) . UCF ( University of Central Florida) is the second by the size of USA . As such, Florida provides an attractive reminiscent of California in the 70s .
This investment can be understood in two distinct cases :
- Pleasure investment , buying a second home in Orlando with exclusive use by the client or possibility of finding short tourist rentals in his absence with delegated management ,
- Classic rental property investment with profitability well above the European norm, and the possibility of more value to the output .
Pleasure investment in Florida.
Today, the distances have almost disappeared . Many wealthy people have second homes abroad. For the French , Spain and the Maghreb have had some success . For some time , the problems of security, among other Magreb , make them think before investing or visit these destinations.
The United States retains a strong attractive potential in the minds of people : " The American Dream" .
Since June 2011 , a direct flight Paris Orlando was set up by Air France .
Florida has strong assets for an exotic or all types of recreation can be enjoyed stay:
- A sub-tropical climate with mild winter ,
- The presence of two very different fronts Seas : Gulf of Mexico : enchanting beaches, Atlantic Surf highly oriented . Fans of water sports are happy,
- Parks Recreation unique in the world: 5 Disney parks , Universal Studio 2 parks (including the only Harry Potter world ) , Seaworld , 3 parks water games, LegoLand U.S. soon ............
- Beautiful parks with the possibility of canoeing in the middle of the Manatee , observe bears, alligators,
- Easy access to Caribbean Bahamas by boat or plane,
- Departures short or long cruises every day 40 minutes from Orlando,
- Dozens of courses at all levels ( Orlando .... Tiger Wood lives ) .
A second home here therefore has very strong advantages and assets available in different budgets to calibrate precisely his need .
Real estate investment performance .
The profitability of this type of investment is done through two components:
- Rent reduced the purchase price ,
- Hope more value .
The crisis has been hard, and unfortunately is not yet behind us, but it had a very strong downward effect on the property market in the USA. Today, we have reached a plateau and there are bargains to be had .
Second hand house single level with 3 bedrooms, 2 bathrooms half , a garage, a swimming pool can be found in a range of $ 120,000.00 to $ 200,000.00 depending on the location and rent $ 1,500.00 per month or 7% in the worst case but more often from 12 to 15 % .
If we look at the average "Price to rent ratio " ( value rent number of years) , the U.S. averaged 10.
The rate of return is already good facial . Hope more value is also much stronger starting from such a low market. When recovery does not fail to intervene, the appreciation potential is strong.
To this must be added the currency effects : weakness makes $ € uroppéens rich ....
For very high-end clientele that you touch , do not bet everything on Europe can also be a popular board .
Finally, the rules are much more favorable locations in Florida homeowners in France . A tenant who does not pay his rent is expelled in 30 days .... and hand anyway itself in most cases before this time because here to 5000 km for a new job is a common fact .
some clues
$ USA FRANCE
Price to rent ratio in October 34
Rent apartment 3 bed City Centre 1536 1266
price m2 center 1921 4747
The IMF considers that France is the third most overvalued housing market in the world with what it entails risk correction.
The idea is not to downgrade France, but to show that diversification can argue with the evidence.
This investment can be understood in two distinct cases :
- Pleasure investment , buying a second home in Orlando with exclusive use by the client or possibility of finding short tourist rentals in his absence with delegated management ,
- Classic rental property investment with profitability well above the European norm, and the possibility of more value to the output .
Pleasure investment in Florida.
Today, the distances have almost disappeared . Many wealthy people have second homes abroad. For the French , Spain and the Maghreb have had some success . For some time , the problems of security, among other Magreb , make them think before investing or visit these destinations.
The United States retains a strong attractive potential in the minds of people : " The American Dream" .
Since June 2011 , a direct flight Paris Orlando was set up by Air France .
Florida has strong assets for an exotic or all types of recreation can be enjoyed stay:
- A sub-tropical climate with mild winter ,
- The presence of two very different fronts Seas : Gulf of Mexico : enchanting beaches, Atlantic Surf highly oriented . Fans of water sports are happy,
- Parks Recreation unique in the world: 5 Disney parks , Universal Studio 2 parks (including the only Harry Potter world ) , Seaworld , 3 parks water games, LegoLand U.S. soon ............
- Beautiful parks with the possibility of canoeing in the middle of the Manatee , observe bears, alligators,
- Easy access to Caribbean Bahamas by boat or plane,
- Departures short or long cruises every day 40 minutes from Orlando,
- Dozens of courses at all levels ( Orlando .... Tiger Wood lives ) .
A second home here therefore has very strong advantages and assets available in different budgets to calibrate precisely his need .
Real estate investment performance .
The profitability of this type of investment is done through two components:
- Rent reduced the purchase price ,
- Hope more value .
The crisis has been hard, and unfortunately is not yet behind us, but it had a very strong downward effect on the property market in the USA. Today, we have reached a plateau and there are bargains to be had .
Second hand house single level with 3 bedrooms, 2 bathrooms half , a garage, a swimming pool can be found in a range of $ 120,000.00 to $ 200,000.00 depending on the location and rent $ 1,500.00 per month or 7% in the worst case but more often from 12 to 15 % .
If we look at the average "Price to rent ratio " ( value rent number of years) , the U.S. averaged 10.
The rate of return is already good facial . Hope more value is also much stronger starting from such a low market. When recovery does not fail to intervene, the appreciation potential is strong.
To this must be added the currency effects : weakness makes $ € uroppéens rich ....
For very high-end clientele that you touch , do not bet everything on Europe can also be a popular board .
Finally, the rules are much more favorable locations in Florida homeowners in France . A tenant who does not pay his rent is expelled in 30 days .... and hand anyway itself in most cases before this time because here to 5000 km for a new job is a common fact .
some clues
$ USA FRANCE
Price to rent ratio in October 34
Rent apartment 3 bed City Centre 1536 1266
price m2 center 1921 4747
The IMF considers that France is the third most overvalued housing market in the world with what it entails risk correction.
The idea is not to downgrade France, but to show that diversification can argue with the evidence.
Sabado, Marso 8, 2014
Miami: A Stable Market
If you plan to invest in real estate in the coming months , business is still present.
Obviously, prices have risen since 2008, but you can easily buy a beautiful condo 40 % less than in 2007 and that real estate is still a first-rate investment .
Prices vary according to the tastes and financial means investors; price range between $ 90,000 and $ 2 million or more.
The difference between the average value of a home in Florida and one in Canada and the Canadian dollar favor the U.S. market.
However , prospective investors should go ahead and make a decision quickly . The real estate industry in Florida rebounding to everyone's relief . Since last July, the property value has increased by almost 5%.
Investing in Florida wonder when even a slight reflection . U.S. laws are very different from Canadian laws , but the game is still worth the effort. The value of goods is much lower in the United States and Canada, not to mention the tax rate.
However, if you intend to invest in a property or condo in Florida , know that it is best to consult a good real estate agent who will guide you in your choices wisely and deal with a Canadian bank where you speak French and you explained extensively the risks of the transaction.
Canadian investors are most active in South Florida , while new players have emerged as Venezuelans and Brazilians.
Obviously, prices have risen since 2008, but you can easily buy a beautiful condo 40 % less than in 2007 and that real estate is still a first-rate investment .
Prices vary according to the tastes and financial means investors; price range between $ 90,000 and $ 2 million or more.
The difference between the average value of a home in Florida and one in Canada and the Canadian dollar favor the U.S. market.
However , prospective investors should go ahead and make a decision quickly . The real estate industry in Florida rebounding to everyone's relief . Since last July, the property value has increased by almost 5%.
Investing in Florida wonder when even a slight reflection . U.S. laws are very different from Canadian laws , but the game is still worth the effort. The value of goods is much lower in the United States and Canada, not to mention the tax rate.
However, if you intend to invest in a property or condo in Florida , know that it is best to consult a good real estate agent who will guide you in your choices wisely and deal with a Canadian bank where you speak French and you explained extensively the risks of the transaction.
Canadian investors are most active in South Florida , while new players have emerged as Venezuelans and Brazilians.
Biyernes, Marso 7, 2014
Coral Gables
South of downtown Miami, Coral Gables is a famous area for its beautiful mansions , lush gardens and shaded streets. It really is an oasis and an example of urban planning.
Coral Gables is known for its strict aesthetic regulations. Developed by George Merrick around 1920 , it was designed as a pedestrian friendly city , with a predominance of Mediterranean architecture.
miami real estate - coral gables
Its commercial stretches along a corridor 2 miles long and four blocks wide. A free trolley route along the Ponce de Leon Boulevard, was recently taken to this effect.
Miracle Mile, a paved street , populated by restaurants, cafes, and shops of all kinds, is the center of social activity in Coral Gables.
Miami real estate agent
The convenience of living in the vicinity of downtown Miami and the airport , and at the same time to surround everything green, this elegant and classic architecture, and enjoy the environment of many restaurants, cafes , shops opulent and interesting shops, is unique.
City of Coral Gables - Miami Real Estate
The influence of renewal ' Mediterranean ' by James Deering is evident in urban planning. The magnificent estate of Villa Vizcaya, built in 1914 with stones, materials , ceilings, tapestries, from castles in Europe, was somehow his inspiration.
Coral Gables real estate - miami
The Biltmore Hotel , absolutely see , is famous for its monumental hall , swimming pool in Coral declocher campanile tower , reminiscent of La Giralda in Seville , the craftsmanship is exquisite and the details of outstanding style .
Florida Real Estate
Coral Gables is especially prized for its beautiful luxury properties hidden by enchanting gardens . An exploratory walk or car is required.
But there are many other attractions :
Villa Vizcaya . I recommend you visit.
Golf courses . If you know yourself, you must have heard of the Biltmore Golf, or Grenada .
Estate Agent Miami - Coral Gables
The Venetian Pool . Carved directly from a coral quarry , it is fed by a natural spring , two waterfalls, dotted with caves and cellars.
Fairchild Tropical Gardens . A truly outstanding collection of plants and flowers of the tropics. An amazing variety of trees , orchids, shrubs and palms in fact one of the most beautiful parks of Florida .
Buy Miami Property
The Village of Merrick Park. A purchase outdoor center, with famous shops , galleries , shops and restaurants.
Miami real estate agency
The University of Miami, three miles from downtown Coral Gables.
The Census Bureau reports that Coral Gables has an area of 37.2 square miles, a population of about 43,000 people (or " they " exceed "them" by a ratio of 100 to 85.6 ), and 17,000 families. The average age is 38 years. The average household income is about $ 100,000 per year and $ 46,000 per capita.
Willing to relocate?
A Coral Gables, you can find in some areas beautiful condominiums, although it is not massive structures that can be observed in other areas . Even the architecture is more sought after and stylish.
But it goes without saying that the beautiful houses that exist in many price levels are the trait that most distinguishes this beautiful city.
Coral Gables is known for its strict aesthetic regulations. Developed by George Merrick around 1920 , it was designed as a pedestrian friendly city , with a predominance of Mediterranean architecture.
miami real estate - coral gables
Its commercial stretches along a corridor 2 miles long and four blocks wide. A free trolley route along the Ponce de Leon Boulevard, was recently taken to this effect.
Miracle Mile, a paved street , populated by restaurants, cafes, and shops of all kinds, is the center of social activity in Coral Gables.
Miami real estate agent
The convenience of living in the vicinity of downtown Miami and the airport , and at the same time to surround everything green, this elegant and classic architecture, and enjoy the environment of many restaurants, cafes , shops opulent and interesting shops, is unique.
City of Coral Gables - Miami Real Estate
The influence of renewal ' Mediterranean ' by James Deering is evident in urban planning. The magnificent estate of Villa Vizcaya, built in 1914 with stones, materials , ceilings, tapestries, from castles in Europe, was somehow his inspiration.
Coral Gables real estate - miami
The Biltmore Hotel , absolutely see , is famous for its monumental hall , swimming pool in Coral declocher campanile tower , reminiscent of La Giralda in Seville , the craftsmanship is exquisite and the details of outstanding style .
Florida Real Estate
Coral Gables is especially prized for its beautiful luxury properties hidden by enchanting gardens . An exploratory walk or car is required.
But there are many other attractions :
Villa Vizcaya . I recommend you visit.
Golf courses . If you know yourself, you must have heard of the Biltmore Golf, or Grenada .
Estate Agent Miami - Coral Gables
The Venetian Pool . Carved directly from a coral quarry , it is fed by a natural spring , two waterfalls, dotted with caves and cellars.
Fairchild Tropical Gardens . A truly outstanding collection of plants and flowers of the tropics. An amazing variety of trees , orchids, shrubs and palms in fact one of the most beautiful parks of Florida .
Buy Miami Property
The Village of Merrick Park. A purchase outdoor center, with famous shops , galleries , shops and restaurants.
Miami real estate agency
The University of Miami, three miles from downtown Coral Gables.
The Census Bureau reports that Coral Gables has an area of 37.2 square miles, a population of about 43,000 people (or " they " exceed "them" by a ratio of 100 to 85.6 ), and 17,000 families. The average age is 38 years. The average household income is about $ 100,000 per year and $ 46,000 per capita.
Willing to relocate?
A Coral Gables, you can find in some areas beautiful condominiums, although it is not massive structures that can be observed in other areas . Even the architecture is more sought after and stylish.
But it goes without saying that the beautiful houses that exist in many price levels are the trait that most distinguishes this beautiful city.
Coconut Grove
Coconut Grove is a charming village with tree-lined streets , beautiful metals for sailing on the bay. Coconut Grove Real Estate - Real Estate Florida
Each city has its secret heart , his treasure . In Miami the enchanted heart of our tropical spirit is called Coconut Grove.
Formerly an independent city , Coconut Grove was annexed by the city of Miami.
Miami Real Estate - Apartments in Coconut Grove
It was founded by sailors in the Bahamas in 1834 . It is considered the oldest settlement in Florida, right on Biscayne Bay .
Estate Agent Miami - Coconut Grove Homes
Limited to the south by Highway US-1 , on the north by the intersection of Brickell Avenue and N. Prospect Avenue, to the west by Le Jeune Road and to the east by Biscayne Bay .
Luxury Homes Miami - Florida Real Estate
Coonut Grove has been a subject of inspiration for great writers, among other Tennessee Williams, Robert Frost, Alexander Graham Bell. Marjory Stoneman Douglas ( River of Grass) lived in the same small cottage for 70 years until his death at 108 years .
Miami Real Estate - Homes in FlorideParmi musicians who lived and composed include Jose Feliciano , Joni Mitchell , Fred Neil , David Crosby, The Lovin 'Spoonful , Jimmy Buffet. It was the scene of a memorable concert of the famous Jim Morrison.
Coconut Grove is known for its natural beauty and its very green landscape bordered by the sparkling waters of Biscayne Bay . From the beginning in the late 19th century , it has attracted tycoons , artists, writers, and a lot of eccentric characters and free thinkers.
Coconut Grove Real Estate - Florida
The post office was established there in 1873, the arrival of an influx of Americans in the Northeast, as well as English . The first settlement was established by black artisans and sailors Bahamas.
The first hotel in South Florida , Bay View Inn, later known as the Peacock Inn was built there in 1882, on the current site of Peacock Park, by English immigrants Isabella and Charles Peacock.
Estate Agency Florida - Coconut Grove
Florida Real Estate Sales
Among the events in Coconut Grove include the famous annual art festival, the King Mango Strut , a parody of the parade of the Orange Bowl, the Goombay Festival Carribean in June, which is a kind of carnival celebrating Bahamian history .
Buy Florida Real Estate - Florida Real Estate Agent
Two shopping centers , the Cocowalk and Mayfair, as well as many shops and stores attract visitors . The Coconut Grove Playhouse is a prestigious theater.
Buying Real Estate in Florida
At the corner of South Coconut Grove, Biscayne Bay is a paradise for boaters, with the sailing club Coconut Grove Sailing Club , Coral Reef Yacht Club and Dinner Key Marina.
Homes in Miami - Florida Realty
We must also mention the Kampong , a beautiful tropical botanical garden of 8 acres.
The Barnacle Historic State Park, Villa Vizcaya, an Italian villa built in the 16th century architecture , are other interesting excursions.
Each city has its secret heart , his treasure . In Miami the enchanted heart of our tropical spirit is called Coconut Grove.
Formerly an independent city , Coconut Grove was annexed by the city of Miami.
Miami Real Estate - Apartments in Coconut Grove
It was founded by sailors in the Bahamas in 1834 . It is considered the oldest settlement in Florida, right on Biscayne Bay .
Estate Agent Miami - Coconut Grove Homes
Limited to the south by Highway US-1 , on the north by the intersection of Brickell Avenue and N. Prospect Avenue, to the west by Le Jeune Road and to the east by Biscayne Bay .
Luxury Homes Miami - Florida Real Estate
Coonut Grove has been a subject of inspiration for great writers, among other Tennessee Williams, Robert Frost, Alexander Graham Bell. Marjory Stoneman Douglas ( River of Grass) lived in the same small cottage for 70 years until his death at 108 years .
Miami Real Estate - Homes in FlorideParmi musicians who lived and composed include Jose Feliciano , Joni Mitchell , Fred Neil , David Crosby, The Lovin 'Spoonful , Jimmy Buffet. It was the scene of a memorable concert of the famous Jim Morrison.
Coconut Grove is known for its natural beauty and its very green landscape bordered by the sparkling waters of Biscayne Bay . From the beginning in the late 19th century , it has attracted tycoons , artists, writers, and a lot of eccentric characters and free thinkers.
Coconut Grove Real Estate - Florida
The post office was established there in 1873, the arrival of an influx of Americans in the Northeast, as well as English . The first settlement was established by black artisans and sailors Bahamas.
The first hotel in South Florida , Bay View Inn, later known as the Peacock Inn was built there in 1882, on the current site of Peacock Park, by English immigrants Isabella and Charles Peacock.
Estate Agency Florida - Coconut Grove
Florida Real Estate Sales
Among the events in Coconut Grove include the famous annual art festival, the King Mango Strut , a parody of the parade of the Orange Bowl, the Goombay Festival Carribean in June, which is a kind of carnival celebrating Bahamian history .
Buy Florida Real Estate - Florida Real Estate Agent
Two shopping centers , the Cocowalk and Mayfair, as well as many shops and stores attract visitors . The Coconut Grove Playhouse is a prestigious theater.
Buying Real Estate in Florida
At the corner of South Coconut Grove, Biscayne Bay is a paradise for boaters, with the sailing club Coconut Grove Sailing Club , Coral Reef Yacht Club and Dinner Key Marina.
Homes in Miami - Florida Realty
We must also mention the Kampong , a beautiful tropical botanical garden of 8 acres.
The Barnacle Historic State Park, Villa Vizcaya, an Italian villa built in the 16th century architecture , are other interesting excursions.
Huwebes, Marso 6, 2014
David Beckham, owner of the house of Versace in Miami?
Aprèsvilla Gianni Versace Miami
Casa Casuarina on Ocean Drive in Miami had become the home of Italian fashion designer Gianni Versace in 1992.
months of sale unsuccessful and many discounts, the price of sale was originally proposed to $ 125 million , the home of former designer Gianni Versace, located on one of the trendy streets of Miami, was again sold to footballer David Beckham.
From sports venues that relay information, became the owner of the future Miami MLS franchise , the major league soccer, David Beckham would need a pied-à -terre in Florida.
The last few months knew that Casa Casuarina had been sold at an auction held last September. VM South Beach Real Estate Group LLC had even won the last auction for 41.5 million dollars. Auctioning prepared by Coldwell Banker group with a starting price of 25 million dollars.
But since then, the property of the 30s that are no less than 10 rooms, 11 bathrooms etvilla Gianni Versace
The Italian designer has assured itself a complete renovation of his home in Miami for $ 33 million , before being shot in 1997.
a huge living room of approximately 250 m² , not to mention the pool, have already changed hands and with a nice gain since it was announced a sale price to $ 60 million , just over 43 million in football English.
A new story for Casa Casuarina ?
Purchased by the designer in 1992, the property which overlooks Ocean Drive has undergone a complete renovation since Gianni Versace would have made it to more than 20 million jobs . This is the entrance to the residence had also been shot in July 1997. Transformed into a luxury hotel later unsuccessfully Casa Casuarina could start a new life media such redemption by the famous footballer was confirmed .
Casa Casuarina on Ocean Drive in Miami had become the home of Italian fashion designer Gianni Versace in 1992.
months of sale unsuccessful and many discounts, the price of sale was originally proposed to $ 125 million , the home of former designer Gianni Versace, located on one of the trendy streets of Miami, was again sold to footballer David Beckham.
From sports venues that relay information, became the owner of the future Miami MLS franchise , the major league soccer, David Beckham would need a pied-à -terre in Florida.
The last few months knew that Casa Casuarina had been sold at an auction held last September. VM South Beach Real Estate Group LLC had even won the last auction for 41.5 million dollars. Auctioning prepared by Coldwell Banker group with a starting price of 25 million dollars.
But since then, the property of the 30s that are no less than 10 rooms, 11 bathrooms etvilla Gianni Versace
The Italian designer has assured itself a complete renovation of his home in Miami for $ 33 million , before being shot in 1997.
a huge living room of approximately 250 m² , not to mention the pool, have already changed hands and with a nice gain since it was announced a sale price to $ 60 million , just over 43 million in football English.
A new story for Casa Casuarina ?
Purchased by the designer in 1992, the property which overlooks Ocean Drive has undergone a complete renovation since Gianni Versace would have made it to more than 20 million jobs . This is the entrance to the residence had also been shot in July 1997. Transformed into a luxury hotel later unsuccessfully Casa Casuarina could start a new life media such redemption by the famous footballer was confirmed .
Miami Real Estate: new twist to the house Gianni Versace
Nouvellemaison Gianni Versace
Discounts on the old villa of Gianni Versace chained themselves to the bankruptcy of its current owner.
episode for the former villa of Miami Italian designer Gianni Versace. After several discounts, it will eventually be auctioned in September after the bankruptcy of its current owner.
In June 2012, this 10 bedroom house with pool in gold had been put up for sale at a price of 125 million dollars, 99 million euros. A record for a sale. A series of discount is then chained lack of buyers. There are still a few weeks the price had been lowered from 40 % to 75 million, 57 million euros . Read : real estate discounts for Versace villa Casa Casuarina , built in the 30s by architect Alden Freeman on Ocean Drive in Miami, has been completely refurbished by the designer Versace, Gianni Versace avantvilla
The auction could exceed $ 50 million , according to officials of sale.
he was assassinated its entry in 1997.
A sale beyond the $ 50 million ?
It was then bought by Peter Loftin , a telecommunications millionaire in 2000 for $ 19 million, € 15 million. Transformed into a luxury hotel , it will be auctioned following the bankruptcy of the operation on September 17 .
According to remarks reported by AFP, the auction should not last more than thirty minutes, depending Lamar Fischer , chairman of the House Fischer Auction Company : "The villa is worth more than $ 50 million and we expect it was sold for a much higher sum . "
Discounts on the old villa of Gianni Versace chained themselves to the bankruptcy of its current owner.
episode for the former villa of Miami Italian designer Gianni Versace. After several discounts, it will eventually be auctioned in September after the bankruptcy of its current owner.
In June 2012, this 10 bedroom house with pool in gold had been put up for sale at a price of 125 million dollars, 99 million euros. A record for a sale. A series of discount is then chained lack of buyers. There are still a few weeks the price had been lowered from 40 % to 75 million, 57 million euros . Read : real estate discounts for Versace villa Casa Casuarina , built in the 30s by architect Alden Freeman on Ocean Drive in Miami, has been completely refurbished by the designer Versace, Gianni Versace avantvilla
The auction could exceed $ 50 million , according to officials of sale.
he was assassinated its entry in 1997.
A sale beyond the $ 50 million ?
It was then bought by Peter Loftin , a telecommunications millionaire in 2000 for $ 19 million, € 15 million. Transformed into a luxury hotel , it will be auctioned following the bankruptcy of the operation on September 17 .
According to remarks reported by AFP, the auction should not last more than thirty minutes, depending Lamar Fischer , chairman of the House Fischer Auction Company : "The villa is worth more than $ 50 million and we expect it was sold for a much higher sum . "
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