When you are looking for apartment in New York and a real estate agent shows you an apartment the size of a shoe box is most likely tell you that it is "a great opportunity" to "very spacious for that price." The truth is that many of these taglines seem to be taken from a manual. Why? So simple, because large firms have Big Apple 'book style' with which indoctrinate their employees.
The British newspaper "The Guardian" has had access to one of these manuals. These are the secrets to sell homes in the wildest real estate market:
1. "You can not climb the ladder of success dressed like a failure." The "dress code" is essential when selling houses, commercial real estate should provide a good image. The lack of cleanliness, dress too 'casual' or stains on clothing remaining opportunities to close operations.
2. Flee phrases like "this is just the floor you were looking for." In a big city like New York, many of the apartments for sale and rent are not exactly the home of your dreams. Exaggerate the qualities of a home is an error
3. "Do not worry about the apartment, take care to bring the customer to our office." Competition between the various agencies is brutal, which is why the key is not right the first housing to teach a client but convince him to accompany you to your office, where you can display all the catalog that the company has in portfolio.
4. "Never teach him a flat to a man without his wife." It is a waste of time. Realtors in the Big Apple are clear that decision making is a task at least joint, if not made directly by the woman.
5. "Teach apartments with a slightly higher than the maximum you want to spend the customer price." Most likely they can afford it and your commission will be higher.
6. "For each one there are between five and 10 candidates." Besides being true, the client will make you feel a hopeless sense of urgency to close the deal.
7.- "Almost no one spends much time at home." If an applicant for a visit is concerned about the size of the apartment is the perfect phrase.
8.- "No customers get confused with / as until we have rented the apartment and charged the commission." No need for words to explain this phrase, it is pure common sense: first the business and then pleasure.
Monday, July 28, 2014
Wednesday, July 23, 2014
Housing starts in the United States in June down 9.3% to 893,000 units
The construction of new homes in the United States started during last June reached 893,000 units annualized, after falling 9.3% from a revised 985,000 in May, according to Commerce Department figures.
However, the American government reported that this figure is 7.5% higher than the same month in 2013, when the construction of 831 new homes started.
Meanwhile, the housing building permits granted in March fell 4.2% from the previous month to 963,000 annualized authorizations. However, exceeding the 2.7% figure a year ago.
Also, the annualized housing completed in the sixth month of the year reached 789,000 units, up 12% from the revised February figure, but 3.4% more than in the same month of 2013.
However, the American government reported that this figure is 7.5% higher than the same month in 2013, when the construction of 831 new homes started.
Meanwhile, the housing building permits granted in March fell 4.2% from the previous month to 963,000 annualized authorizations. However, exceeding the 2.7% figure a year ago.
Also, the annualized housing completed in the sixth month of the year reached 789,000 units, up 12% from the revised February figure, but 3.4% more than in the same month of 2013.
Monday, July 14, 2014
Agents Real Estate In Mexico And U.S. Agree to Sale Properties
As we all know, the relationship between Mexico and the United States has always been very broad in all aspects, whether for better or worse, always in Mexico is the slope of American decisions and in the U.S. it is the slope decisions in Mexico, due to its wide commercial and social relationship. It also enlarges the relationship knowing that many Mexicans go to the United States to re start a life or start a new alongside their loved ones, just as there are U.S. citizens who choose to travel to Mexico in search of a different life.
Today, realtors Mexican and American roots, have agreed to promote, through the signing of an agreement to cross-Mexican properties in the U.S. and vice versa, increasing the market in the field of real estate and raising the probability sales through other countries.
The Association of Realtors Texas (Texas Realtors) confirmed that this agreement will allow and promote the sharing of information about different marketing techniques that can be used to promote property using educational contents and improve business practices . This, say the Association will also help understand and promote the benefit is having real estate opportunities internationally, increasing the market and giving more confidence to the field of real estate that has been affected as a result of the explosions economic crises in different parts of the world.
In the document, you can read the recently signed agreement represents a major commitment to organizations of real estate agents in the U.S. and Mexico. Also claimed that in recent years has been able to see a growing interest in obtaining goods in the United States by Mexicans, but has also been a similar reaction in the U.S. population.
This ensures that you more opportunities in international real estate and increase educational opportunities for members of the real estate as well as more resources for those interested in international markets. This agreement was signed at the annual conference of Realtors Texas held this past weekend in San Antonio, Texas, 75 establishing collaborative partnerships between local associations of realtors in Texas.
Today, realtors Mexican and American roots, have agreed to promote, through the signing of an agreement to cross-Mexican properties in the U.S. and vice versa, increasing the market in the field of real estate and raising the probability sales through other countries.
The Association of Realtors Texas (Texas Realtors) confirmed that this agreement will allow and promote the sharing of information about different marketing techniques that can be used to promote property using educational contents and improve business practices . This, say the Association will also help understand and promote the benefit is having real estate opportunities internationally, increasing the market and giving more confidence to the field of real estate that has been affected as a result of the explosions economic crises in different parts of the world.
In the document, you can read the recently signed agreement represents a major commitment to organizations of real estate agents in the U.S. and Mexico. Also claimed that in recent years has been able to see a growing interest in obtaining goods in the United States by Mexicans, but has also been a similar reaction in the U.S. population.
This ensures that you more opportunities in international real estate and increase educational opportunities for members of the real estate as well as more resources for those interested in international markets. This agreement was signed at the annual conference of Realtors Texas held this past weekend in San Antonio, Texas, 75 establishing collaborative partnerships between local associations of realtors in Texas.
Monday, July 7, 2014
The increase in housing prices lead to inflation to the target Issuer 3% in June
The prices of the basket would have increased 3% in the past year, to June, which would lead to the inflation target of the Bank of the Republic. The market suggests that housing, food and fun are the products that have had the highest growth in the sixth month of the year.
Foreseen by the average analyst, who according to a Probe LR projected variation in the Consumer Price Index (CPI) in June will stand at 0.3%, bringing the figure to be revealed tomorrow the Dane, in the last twelve months amount to 3%. The increase would be higher than in the same month in 2013, when it stood at 0.28% and the twelve month figure reached 2%.
The sector that presented the greatest increases in this month would be the housing. Santiago Alvarez, Professional macroeconomic analyst firms, indicates that increases in this area should not only to a rise in rents, but the increase in house prices, which is related to the limited supply of land and building . This added to the value of public services has increased due to low reservoir levels by drought.
The Central Bank has warned of an increase in appropriations in the country and the manager José Darío Uribe said after the latest board their concerns especially the increase in the mortgage portfolio, which in the end is being reflected in prices.
The food, meanwhile, would register an increase of 0.66%, according to the projection of Bancolombia, higher than in June 2013 figure but lower than in May this year.
Oscar Jaulin, Serfinco macroeconomic analyst, believes that food prices are over correction coming after submitting the low figures recorded last year. "We do not believe that after growth of 1.17% last month this item follow with this performance and risk in this month we see the low, after five months up above 0.5%."
In the sector of entertainment, there are opposing views among analysts, because while a project that will have fallen on account of the transfer of the Colombian professional football late in May, which made this month to shoot this category, other as José David López, economic analyst and Investment Advisors, says that the World Cup will be promoting the rising prices in this sector.
In the past five months, the result of inflation has been above market expectations, which has made the long-term projections increase. Before this, the Central Bank increased the interest rate by 25 basis points at its last meeting to 4%. In fact, the Issuer warned that in the last month increased the upside risks to inflation.
Increase year-end projection to 3.4%
After inflation of 0.48% in May, well above that expected by the market consensus of 0.31%, most experts revised their inflation forecast for the end of the year and went from 3 1% according to a Probe LR to 3.4% this month. Ana Maria Toro, consultants Securities analyst, said the increase is also due to the good dynamics that is taking the economy and growth of 6.4% in the first quarter.
In some analysts' expectations and the impact it could have on El Niño, which is expected for the second quarter of the year is included. Daniel Velandia, director of economic research at Credicorp Capital, said before the results expected by the Issuer continuously increase the interest rate to reach 5%.
Foreseen by the average analyst, who according to a Probe LR projected variation in the Consumer Price Index (CPI) in June will stand at 0.3%, bringing the figure to be revealed tomorrow the Dane, in the last twelve months amount to 3%. The increase would be higher than in the same month in 2013, when it stood at 0.28% and the twelve month figure reached 2%.
The sector that presented the greatest increases in this month would be the housing. Santiago Alvarez, Professional macroeconomic analyst firms, indicates that increases in this area should not only to a rise in rents, but the increase in house prices, which is related to the limited supply of land and building . This added to the value of public services has increased due to low reservoir levels by drought.
The Central Bank has warned of an increase in appropriations in the country and the manager José Darío Uribe said after the latest board their concerns especially the increase in the mortgage portfolio, which in the end is being reflected in prices.
The food, meanwhile, would register an increase of 0.66%, according to the projection of Bancolombia, higher than in June 2013 figure but lower than in May this year.
Oscar Jaulin, Serfinco macroeconomic analyst, believes that food prices are over correction coming after submitting the low figures recorded last year. "We do not believe that after growth of 1.17% last month this item follow with this performance and risk in this month we see the low, after five months up above 0.5%."
In the sector of entertainment, there are opposing views among analysts, because while a project that will have fallen on account of the transfer of the Colombian professional football late in May, which made this month to shoot this category, other as José David López, economic analyst and Investment Advisors, says that the World Cup will be promoting the rising prices in this sector.
In the past five months, the result of inflation has been above market expectations, which has made the long-term projections increase. Before this, the Central Bank increased the interest rate by 25 basis points at its last meeting to 4%. In fact, the Issuer warned that in the last month increased the upside risks to inflation.
Increase year-end projection to 3.4%
After inflation of 0.48% in May, well above that expected by the market consensus of 0.31%, most experts revised their inflation forecast for the end of the year and went from 3 1% according to a Probe LR to 3.4% this month. Ana Maria Toro, consultants Securities analyst, said the increase is also due to the good dynamics that is taking the economy and growth of 6.4% in the first quarter.
In some analysts' expectations and the impact it could have on El Niño, which is expected for the second quarter of the year is included. Daniel Velandia, director of economic research at Credicorp Capital, said before the results expected by the Issuer continuously increase the interest rate to reach 5%.
Wednesday, July 2, 2014
Real estate of starts
2013 introduced a coup that transformed the real estate industry in Mexico. The outcome is clear that there is a change in public housing policy of the country and seeks to institutionalize more sources capitalization is defined by the level of investment in government work this administration and the effect it will have tax reform. The truth is that the changes and losses that occurred this year will bring the potential for immediate opportunities.
This year the big construction of social housing as GEO, Homex and Urbi plummeted; but also says the mismanagement of the three, the main cause of their decline is a change to the policy of expanding housing. While in the past Administration the horizontal development of houses to the outskirts of metropolitan areas is encouraged, the government entered declaring a stop to this practice. Unfortunately, these companies, and many more, had made a constant practice of buying land reserves near urban areas with the expectation of future developments and to protect and Gaining price thereof; ended up losing a bet with severe consequences.
Current policy favors the vertical expansion of existing homes through permits, subsidies and credits. If this vertical expansion is accompanied by an improvement of the services that have already hosted zones, will be better for the environment, society and economy. In this last administration differs because it is easier and cleaner to require new buildings to have areas with services sue who enters an existing zone increase streets, drainage, electricity and access to public transport.
While reformers claim that the inclusion in the collection of income tax of properties over $ 3.7 million pesos only affect 2 percent richer country, this area is also the most attractive for developers and the secondary impact it has on the economy is anything. Then there are the indirect effects on the income of the middle and upper classes.
Finally, there is as yet unknown policy work be undertaken by the new administration. They certainly have the budget available, so the expectation is a recovery in public works at least to the levels of the past six years.
This year the big construction of social housing as GEO, Homex and Urbi plummeted; but also says the mismanagement of the three, the main cause of their decline is a change to the policy of expanding housing. While in the past Administration the horizontal development of houses to the outskirts of metropolitan areas is encouraged, the government entered declaring a stop to this practice. Unfortunately, these companies, and many more, had made a constant practice of buying land reserves near urban areas with the expectation of future developments and to protect and Gaining price thereof; ended up losing a bet with severe consequences.
Current policy favors the vertical expansion of existing homes through permits, subsidies and credits. If this vertical expansion is accompanied by an improvement of the services that have already hosted zones, will be better for the environment, society and economy. In this last administration differs because it is easier and cleaner to require new buildings to have areas with services sue who enters an existing zone increase streets, drainage, electricity and access to public transport.
While reformers claim that the inclusion in the collection of income tax of properties over $ 3.7 million pesos only affect 2 percent richer country, this area is also the most attractive for developers and the secondary impact it has on the economy is anything. Then there are the indirect effects on the income of the middle and upper classes.
Finally, there is as yet unknown policy work be undertaken by the new administration. They certainly have the budget available, so the expectation is a recovery in public works at least to the levels of the past six years.
The gain in SP grew 30% due to insecurity in NL
The uncertainty factor changed the map of the demand for house-room in the metropolitan area of Monterrey, the number of its inhabitants emigrate to San Pedro Garza García, which in the past three years led to an increase of up to 30 percent in goodwill , an unprecedented event in the state and in the country, said Jorge A. Paredes Guerra, CEO of real estate firm Realty World.
"He had not given-an increase in property prices and exponentially-fast as usual," he said at a press conference.
The manager mentioned that to the environment prevailing insecurity in recent years, prices rose due to increased demand for living in the municipality of San Pedro Garza Garcia, regarded as the safest in the state.
"Almost had a mobility of people not only from the entity left municipalities of Monterrey, San Nicolas de los Garza and others to go to shelter to San Pedro Garza Garcia, also from other states and not to mention foreign" .
Paredes Guerra said he had never given this growth especially in a time of economic crisis; Now, this trend is expected to stabilize, since the perception of insecurity in Nuevo Leon is changing, which is reflected in the movement of home buying operations in areas such as summits and even the National Road begin to recover.
"The property market has been normalizing it for a year, so now standing for sale properties in areas like Summit in Monterrey, at a good pace," he said.
Paredes Guerra said that in the last two years, Mexico has implemented a number of changes and incorporation of laws that have changed the way they relate to customers, in addition to operating as a real estate agency. That is, that after the publication of the Data Protection laws, Forfeiture and Money Laundering, Reality World has had to apply full security and investigation procedures.
The above said, the Bureau has involved proceed Landlord, with platforms and access to 82 databases ranging from the Attorney General's Office and similar entity, to the FBI, Interpol, among other instances to rule out any illegal operations or criminal records who want to buy or sell a property.
Today, no company makes a real estate transaction to purchase a property 24 or 48 hours. Now it takes at least a week.
"Since these filters are implemented in the organization have been detected a number of illegal operations (us) as real estate companies have had to report to the proper authorities," he said.
Of the total lease transactions that take place in the state, 10 percent fall into "suspicious" transactions.
"He had not given-an increase in property prices and exponentially-fast as usual," he said at a press conference.
The manager mentioned that to the environment prevailing insecurity in recent years, prices rose due to increased demand for living in the municipality of San Pedro Garza Garcia, regarded as the safest in the state.
"Almost had a mobility of people not only from the entity left municipalities of Monterrey, San Nicolas de los Garza and others to go to shelter to San Pedro Garza Garcia, also from other states and not to mention foreign" .
Paredes Guerra said he had never given this growth especially in a time of economic crisis; Now, this trend is expected to stabilize, since the perception of insecurity in Nuevo Leon is changing, which is reflected in the movement of home buying operations in areas such as summits and even the National Road begin to recover.
"The property market has been normalizing it for a year, so now standing for sale properties in areas like Summit in Monterrey, at a good pace," he said.
Paredes Guerra said that in the last two years, Mexico has implemented a number of changes and incorporation of laws that have changed the way they relate to customers, in addition to operating as a real estate agency. That is, that after the publication of the Data Protection laws, Forfeiture and Money Laundering, Reality World has had to apply full security and investigation procedures.
The above said, the Bureau has involved proceed Landlord, with platforms and access to 82 databases ranging from the Attorney General's Office and similar entity, to the FBI, Interpol, among other instances to rule out any illegal operations or criminal records who want to buy or sell a property.
Today, no company makes a real estate transaction to purchase a property 24 or 48 hours. Now it takes at least a week.
"Since these filters are implemented in the organization have been detected a number of illegal operations (us) as real estate companies have had to report to the proper authorities," he said.
Of the total lease transactions that take place in the state, 10 percent fall into "suspicious" transactions.
Tuesday, July 1, 2014
Latinos raised the real estate market in Miami
Attracted by what they said are cheap and ready to pay cash prices, Latinos have become buyers of condominiums, apartments and houses, as part of its investment strategy or just to have a second home. They are taking advantage of the money that allowed them to gain the momentum of the economies of Latin America, a region that managed to bear with dignity the global financial crisis. Not only are they hunting for houses. Come to the city to launch the shopping and take possession of all kinds of goods, from iPads and designer dresses to overpriced jewelry.
This wave has revitalized the business property in Miami, where developers are presenting new projects even when Florida was one of the hardest hit by the housing market collapse. He also turned the city into one of the essential destinations for international investors.
"Latin America has helped revive our market," said Jorge Perez, CEO of Related Group, a leading real estate companies in South Florida. Venezuelans lead this phenomenon. Like many Latin Americans, they historically have turned to real estate in Miami as a safe investment in times of political and economic volatility in their countries. According to the Association of Realtors Miami, Venezuelans were the biggest buyers in 2011 and accounted for 15% of all sales to foreign customers, closely followed by Brazilians and Argentines.
Last year, sales of homes and condominiums in Miami rose by 46% compared to 2010, which involved a record, the association said. The condo prices began to recover in the second half of last year, while values in several Latin American countries have for years been rising steadily.
Chávez effect
Venezuelans better position, with reduced investment opportunities at home and worried about what they describe as a crackdown on the property market in the country by President Hugo Chavez, have become coveted clients for real estate agents and brokers.
"They take away their checkbooks," said Harvey Hernandez, who was born in Venezuela and is now manager of Newgard Group, a firm that develops BrickellHouse, one of the first apartment towers to be built since the collapse of the market. More than half of the 374 units were sold BrickellHouse, Venezuelans and represent 40% of buyers. The tower, located in the business district of Miami overlooking Biscayne Bay, will begin construction later this year. Venezuelans have helped revive the property market in suburban Miami Doral and Weston, home to large communities of compatriots.
"Is Chavez effect," he said Cleto Puzzi, a Venezuelan who had sold an apartment in Spain and bought two in Doral, now rented. "You can not invest in Venezuela now," he added.
The wave of expropriations began Chavez has scared many Venezuelans good position. Last year, Chávez passed laws that make it harder for landlords to evict delinquent tenants, something that frightened property owners and cooled interest in one of the few investment options in Venezuela.
sophisticated Brazilians
A recent report RelatedISG a real estate group based in Miami, said prices of the apartments and condos in downtown Miami were lower than newly built properties in several South American cities like Rio de Janeiro, Sao Paulo, Buenos Aires and Bogota. The exorbitant prices in Brazil also led the Brazilians to search for properties in Miami. Driven by the recent appreciation of the real, the Brazilian shoppers are also noisy shopping centers, where Portuguese language is already part of the environment.
For Brazilians, "everything is so cheap. Dine, buy a shirt, buy a condo," said Claudio Stivelman Jacques, president Shefaor Development Company, based in Miami and a native of Brazil. Brazilians with big money have generated particular interest in Miami real estate agents, who say that South American look sophisticated oceanfront properties. "They are buying into the range of more than a million dollars," said Zalewski.
Foreign interest is not limited to purchase real estate. International developers are also involved in more than 20 building projects, many of which could be offered to investors worldwide.
in cash
The interest of Latin American has led the real estate developers, many of whom suffered losses during the housing crisis in the United States, to adopt new models of financing and sales. Before the bubble burst, depended heavily on bank financing. But as the crisis unfolded, entrepreneurs began to see how customers abandoned their deposits and how banks, worried by falling house prices, closed access to credit. Soon, empty towers abounded in the Miami skyline.
Because Latin American and other non-American buyers now account for a majority of sales of real estate in Miami, developers have adopted a more targeted financing option to pay in cash, preferred by international buyers.
The pay as you go system (pay as construction progresses) means buyers finance as certain stages of construction are met. It is widely used in Latin America and requires buyers to pay up to 80% of the final price of the property before it is finished. "I do not think it's a long-term stance is a reaction to the current shape of the market," said Perez.
Iván Pérez, a lawyer of 40 years in Caracas, recently bought two apartments in BrickellHouse 250 and 400 thousand dollars. "Miami is like my second home," he said. The political instability in Venezuela was one of the major factors in making the decision, he added.
Some real estate entrepreneurs who frequently work with Venezuelans expect their interest in the Miami real estate market remains strong, especially if Chavez wins the presidential election later this year.
Eli Santurio, sales manager of Keyes Realtor, said many employers in the sector are joining Venezuelans when monitoring the campaign for the October vote. "That's what everyone is talking about," he said. "If Chavez wins, then sales could increase a lot," he added.
This wave has revitalized the business property in Miami, where developers are presenting new projects even when Florida was one of the hardest hit by the housing market collapse. He also turned the city into one of the essential destinations for international investors.
"Latin America has helped revive our market," said Jorge Perez, CEO of Related Group, a leading real estate companies in South Florida. Venezuelans lead this phenomenon. Like many Latin Americans, they historically have turned to real estate in Miami as a safe investment in times of political and economic volatility in their countries. According to the Association of Realtors Miami, Venezuelans were the biggest buyers in 2011 and accounted for 15% of all sales to foreign customers, closely followed by Brazilians and Argentines.
Last year, sales of homes and condominiums in Miami rose by 46% compared to 2010, which involved a record, the association said. The condo prices began to recover in the second half of last year, while values in several Latin American countries have for years been rising steadily.
Chávez effect
Venezuelans better position, with reduced investment opportunities at home and worried about what they describe as a crackdown on the property market in the country by President Hugo Chavez, have become coveted clients for real estate agents and brokers.
"They take away their checkbooks," said Harvey Hernandez, who was born in Venezuela and is now manager of Newgard Group, a firm that develops BrickellHouse, one of the first apartment towers to be built since the collapse of the market. More than half of the 374 units were sold BrickellHouse, Venezuelans and represent 40% of buyers. The tower, located in the business district of Miami overlooking Biscayne Bay, will begin construction later this year. Venezuelans have helped revive the property market in suburban Miami Doral and Weston, home to large communities of compatriots.
"Is Chavez effect," he said Cleto Puzzi, a Venezuelan who had sold an apartment in Spain and bought two in Doral, now rented. "You can not invest in Venezuela now," he added.
The wave of expropriations began Chavez has scared many Venezuelans good position. Last year, Chávez passed laws that make it harder for landlords to evict delinquent tenants, something that frightened property owners and cooled interest in one of the few investment options in Venezuela.
sophisticated Brazilians
A recent report RelatedISG a real estate group based in Miami, said prices of the apartments and condos in downtown Miami were lower than newly built properties in several South American cities like Rio de Janeiro, Sao Paulo, Buenos Aires and Bogota. The exorbitant prices in Brazil also led the Brazilians to search for properties in Miami. Driven by the recent appreciation of the real, the Brazilian shoppers are also noisy shopping centers, where Portuguese language is already part of the environment.
For Brazilians, "everything is so cheap. Dine, buy a shirt, buy a condo," said Claudio Stivelman Jacques, president Shefaor Development Company, based in Miami and a native of Brazil. Brazilians with big money have generated particular interest in Miami real estate agents, who say that South American look sophisticated oceanfront properties. "They are buying into the range of more than a million dollars," said Zalewski.
Foreign interest is not limited to purchase real estate. International developers are also involved in more than 20 building projects, many of which could be offered to investors worldwide.
in cash
The interest of Latin American has led the real estate developers, many of whom suffered losses during the housing crisis in the United States, to adopt new models of financing and sales. Before the bubble burst, depended heavily on bank financing. But as the crisis unfolded, entrepreneurs began to see how customers abandoned their deposits and how banks, worried by falling house prices, closed access to credit. Soon, empty towers abounded in the Miami skyline.
Because Latin American and other non-American buyers now account for a majority of sales of real estate in Miami, developers have adopted a more targeted financing option to pay in cash, preferred by international buyers.
The pay as you go system (pay as construction progresses) means buyers finance as certain stages of construction are met. It is widely used in Latin America and requires buyers to pay up to 80% of the final price of the property before it is finished. "I do not think it's a long-term stance is a reaction to the current shape of the market," said Perez.
Iván Pérez, a lawyer of 40 years in Caracas, recently bought two apartments in BrickellHouse 250 and 400 thousand dollars. "Miami is like my second home," he said. The political instability in Venezuela was one of the major factors in making the decision, he added.
Some real estate entrepreneurs who frequently work with Venezuelans expect their interest in the Miami real estate market remains strong, especially if Chavez wins the presidential election later this year.
Eli Santurio, sales manager of Keyes Realtor, said many employers in the sector are joining Venezuelans when monitoring the campaign for the October vote. "That's what everyone is talking about," he said. "If Chavez wins, then sales could increase a lot," he added.
Thursday, June 26, 2014
Vence deadline for sale of property in buildings for rent
Tomorrow June 26th is the deadline for the owners of those buildings of old data that are intended to sell houses rent to tenants.
On 28 March, the Ministry of Housing and Habitat issued a ruling which ordered the sale of real estate in those buildings for 20 years or more have been oriented to the lease, which revived one of the transitional provisions of the Act Real estate leases, in force since 2011. that period ends this week.
However, the sale of the buildings has come slowly. Spokesmen for renters networks indicate that several owners have expressed an intention to sell, but add that the most advanced negotiations with owners who have initiated proceedings in June 2011.
In that period, the Vice-President summoned the owners of 100 properties located in the Metropolitan Area of Caracas to begin sales of rented apartments. Then when the National Assembly approved the Law Holiday, the process was handed to the Superintendent of Lease Housing, which re-sent communications to the owners of those 100 buildings.
In three years, negotiations have been finalized with the owners of 23 buildings and according to spokespersons of organizations, families currently living in these buildings are doing the procedures for managing credit.
They comment that the rest of the 77 buildings, 40% of owners have indicated the supervisory body who are willing to offer the apartments, however, others have reported that they have not negotiated by the difficulties they have had to transform properties in condo.
The real estate industry representatives suggest that these changes require a two-year period.
But it sets the rules and lapses if negotiations do not specify the property owners will be subject to severe penalties.
According to the arrangement, those building owners not to sell the homes will have to pay a fine of 2,000 tax units (254,000 bolivars) for each flat is offered to tenants.
The fine must be paid within five business days following and, if not, will be considered a repeat offender in the penalty, so that the fine will be doubled.
If the fine is not canceled, the Superintendent may go to court and ask the seizure of the property.
On 28 March, the Ministry of Housing and Habitat issued a ruling which ordered the sale of real estate in those buildings for 20 years or more have been oriented to the lease, which revived one of the transitional provisions of the Act Real estate leases, in force since 2011. that period ends this week.
However, the sale of the buildings has come slowly. Spokesmen for renters networks indicate that several owners have expressed an intention to sell, but add that the most advanced negotiations with owners who have initiated proceedings in June 2011.
In that period, the Vice-President summoned the owners of 100 properties located in the Metropolitan Area of Caracas to begin sales of rented apartments. Then when the National Assembly approved the Law Holiday, the process was handed to the Superintendent of Lease Housing, which re-sent communications to the owners of those 100 buildings.
In three years, negotiations have been finalized with the owners of 23 buildings and according to spokespersons of organizations, families currently living in these buildings are doing the procedures for managing credit.
They comment that the rest of the 77 buildings, 40% of owners have indicated the supervisory body who are willing to offer the apartments, however, others have reported that they have not negotiated by the difficulties they have had to transform properties in condo.
The real estate industry representatives suggest that these changes require a two-year period.
But it sets the rules and lapses if negotiations do not specify the property owners will be subject to severe penalties.
According to the arrangement, those building owners not to sell the homes will have to pay a fine of 2,000 tax units (254,000 bolivars) for each flat is offered to tenants.
The fine must be paid within five business days following and, if not, will be considered a repeat offender in the penalty, so that the fine will be doubled.
If the fine is not canceled, the Superintendent may go to court and ask the seizure of the property.
Monday, June 23, 2014
Increasingly unaffordable housing for New Yorkers
Having a roof, owned or rented, it is becoming less affordable for New Yorkers.
The accounts are simple and painfully clear. Income families, especially middle and lower class have fallen and are increasingly giving less of whether to pay for homes that do nothing but go up in price on virtually most of the state.
The fact is that more than three million households paid for their residence more than 30% of their income, a percentage that marks the dividing line between what is affordable and what is not in terms of housing. Worse yet, those three million, half paid more than 50% of their income to cover the costs of your home or apartment.
Are data collected by the comptroller, Thomas DiNapoli, in a report published yesterday, which is based on census figures (PDF) for 2012.
According to these, from 2000-2012 the average income of those with home ownership have fallen by 1.6% and those who rent have been reduced by 7.1%.
Meanwhile, the price of houses has gone the opposite way.
And it is much more serious for those who pay rent as income increases have been 18.6% while costs associated with the property (benefit historically low interest rates) have also risen but less, almost 10%. The real estate taxes increased by 12.3% in the state and have played an important role in the assessment of costs.
It is not unreasonable to think that these figures have been accentuated since the 2014 square foot prices in most of the state and rents have grown very significantly in recent months but the average wage has increased. The labor market is still healing the wounds left by the Great Recession of 2007-2008 and no upward pressure on wages.
Thus, according to figures DiNapoli, since 2000-2012 households are paying rent that costs more than 30% of its revenues have grown from 40.5% to 50.6% of the sum total. For those who have owned their home, the percentage has also increased almost eight percentage points (see illustration).
For renters, the worst ratio of rising costs has been given to those residing in Bronx County.
Up to 57.6% of those who pay the rent in this area have to spend more than 30% of what they earn it. Followers of Greene County (a rural area in the north of the state), Ulster, Rockland, Orange, Suffolk, Putnam, Moroe, Queens, Westchester and Nassau.
In the case of New York County (Manhattan) although housing costs are the most expensive in the country, income, on average, are slightly higher so it is among one of the places with the lowest proportion of tenants affordability problems.
The comptroller said that this "unfortunate trend has negative implications for economic growth and for the quality of life of New Yorkers."
"When half of the income is used to pay the place where you live, you're going to tighten their belts in other daily needs," DiNapoli said in a statement.
The reality is that when lack affordable housing in the state, businesses are complicated efforts to recruit and retain employees if they have difficulty affording a place to live or have to do, trying to balance a budget on rent or asphyxiated by mortgage.
The accounts are simple and painfully clear. Income families, especially middle and lower class have fallen and are increasingly giving less of whether to pay for homes that do nothing but go up in price on virtually most of the state.
The fact is that more than three million households paid for their residence more than 30% of their income, a percentage that marks the dividing line between what is affordable and what is not in terms of housing. Worse yet, those three million, half paid more than 50% of their income to cover the costs of your home or apartment.
Are data collected by the comptroller, Thomas DiNapoli, in a report published yesterday, which is based on census figures (PDF) for 2012.
According to these, from 2000-2012 the average income of those with home ownership have fallen by 1.6% and those who rent have been reduced by 7.1%.
Meanwhile, the price of houses has gone the opposite way.
And it is much more serious for those who pay rent as income increases have been 18.6% while costs associated with the property (benefit historically low interest rates) have also risen but less, almost 10%. The real estate taxes increased by 12.3% in the state and have played an important role in the assessment of costs.
It is not unreasonable to think that these figures have been accentuated since the 2014 square foot prices in most of the state and rents have grown very significantly in recent months but the average wage has increased. The labor market is still healing the wounds left by the Great Recession of 2007-2008 and no upward pressure on wages.
Thus, according to figures DiNapoli, since 2000-2012 households are paying rent that costs more than 30% of its revenues have grown from 40.5% to 50.6% of the sum total. For those who have owned their home, the percentage has also increased almost eight percentage points (see illustration).
For renters, the worst ratio of rising costs has been given to those residing in Bronx County.
Up to 57.6% of those who pay the rent in this area have to spend more than 30% of what they earn it. Followers of Greene County (a rural area in the north of the state), Ulster, Rockland, Orange, Suffolk, Putnam, Moroe, Queens, Westchester and Nassau.
In the case of New York County (Manhattan) although housing costs are the most expensive in the country, income, on average, are slightly higher so it is among one of the places with the lowest proportion of tenants affordability problems.
The comptroller said that this "unfortunate trend has negative implications for economic growth and for the quality of life of New Yorkers."
"When half of the income is used to pay the place where you live, you're going to tighten their belts in other daily needs," DiNapoli said in a statement.
The reality is that when lack affordable housing in the state, businesses are complicated efforts to recruit and retain employees if they have difficulty affording a place to live or have to do, trying to balance a budget on rent or asphyxiated by mortgage.
Friday, June 20, 2014
Real estate nurture growth in the U.S.
The positive trends in the residential and non-residential property sector will continue to drive growth across the United States during 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, and overtake much of the country in the first half 2014, "said BBVA analysis area.
The report 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.
Low inventories and greater 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 this year, said the financial group.
"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 United States and highly skilled support income growth, in real terms, have been stagnant since 2000.
Thus, in another study the same group stressed that this more dynamic support to Mexican exports, mainly from the automotive and manufacturing industry in 2014.
"The expansion of construction and manufacturing and rising income will have a positive impact on other sectors. This is what supports a scenario of stronger economic growth and a broader basis in the coming quarters, "said 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, and overtake much of the country in the first half 2014, "said BBVA analysis area.
The report 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.
Low inventories and greater 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 this year, said the financial group.
"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 United States and highly skilled support income growth, in real terms, have been stagnant since 2000.
Thus, in another study the same group stressed that this more dynamic support to Mexican exports, mainly from the automotive and manufacturing industry in 2014.
"The expansion of construction and manufacturing and rising income will have a positive impact on other sectors. This is what supports a scenario of stronger economic growth and a broader basis in the coming quarters, "said BBVA Research.
Monday, June 16, 2014
Construction in the United States remains attractive
DR HORTON INC (DHI), the largest builder of residential homes in the U.S., announced strong results for the quarter ended in March and confirmed that continues to improve and the housing construction sector in the United States.
Sales of u $ s 1,680 million, advanced 22% YoY and exceeded average expectations by almost 8%. Measured in physical units, the increase was 10% yoy to 6,194 homes, an increase of 10% in the sale price, which on average reached u $ s 278,900.
Gross margin increased 35% YoY and stood at 22.5% of sales (versus 20.4% in March 2013), but showed a slight decrease compared to the previous quarter, which could indicate that the process of rising prices stable costs is close to its limit. Administrative and general expenses of $ s 188 million grew 21% YoY; consequently, profits were $ s 131 million, or $ 0.38 per share s, an increase of 18% yoy and 11.7% exceeding the expectations of analysts. Another favorable quarter.
The company address expressed satisfaction with the performance, noting that conditions in the housing market remains positive, with a rate that varies according to the different regions, and that in the analyzed period was stronger in the East and the center of the country than in the West. Also considered that the extensive geographic presence DHI, the diversity of its products and the wide availability of favorable terrain, along with a strong balance sheet, he predicted additional improvements in the current semester. The backordered units sold increased by 5% to 10,059 homes, with a value of $ s 2,800 million and an annual increase of 18%.
DHI's financial situation is strong, with cash of $ s 931 million, construction started and completed by u $ s 2,864,000 and developed plots and developing u $ s 3.452 million, financed by trade payables of $ 1,100 s million and long term debt for $ s 3.638 million, maturing reasonably phased over ten years.
In short, a balance better than expected, and very positive projections of the firm. We add several analysts expect consolidation of the construction firms in the United States, by which large companies, with easy access to credit-Iran acquiring smaller, and that mergers between large companies will be carried out in a market today quite atomized. Beyond some nuances that policymakers consider carefully discussed the relevant construction market, which is great creator of jobs and economic activity multiplier.
Sales of u $ s 1,680 million, advanced 22% YoY and exceeded average expectations by almost 8%. Measured in physical units, the increase was 10% yoy to 6,194 homes, an increase of 10% in the sale price, which on average reached u $ s 278,900.
Gross margin increased 35% YoY and stood at 22.5% of sales (versus 20.4% in March 2013), but showed a slight decrease compared to the previous quarter, which could indicate that the process of rising prices stable costs is close to its limit. Administrative and general expenses of $ s 188 million grew 21% YoY; consequently, profits were $ s 131 million, or $ 0.38 per share s, an increase of 18% yoy and 11.7% exceeding the expectations of analysts. Another favorable quarter.
The company address expressed satisfaction with the performance, noting that conditions in the housing market remains positive, with a rate that varies according to the different regions, and that in the analyzed period was stronger in the East and the center of the country than in the West. Also considered that the extensive geographic presence DHI, the diversity of its products and the wide availability of favorable terrain, along with a strong balance sheet, he predicted additional improvements in the current semester. The backordered units sold increased by 5% to 10,059 homes, with a value of $ s 2,800 million and an annual increase of 18%.
DHI's financial situation is strong, with cash of $ s 931 million, construction started and completed by u $ s 2,864,000 and developed plots and developing u $ s 3.452 million, financed by trade payables of $ 1,100 s million and long term debt for $ s 3.638 million, maturing reasonably phased over ten years.
In short, a balance better than expected, and very positive projections of the firm. We add several analysts expect consolidation of the construction firms in the United States, by which large companies, with easy access to credit-Iran acquiring smaller, and that mergers between large companies will be carried out in a market today quite atomized. Beyond some nuances that policymakers consider carefully discussed the relevant construction market, which is great creator of jobs and economic activity multiplier.
Friday, June 13, 2014
U.S. construction spending increases at five-year high
Spending on U.S. construction rose to its highest level in five years in April, but the increase was lower than expected, suggesting a slight rebound after retraction of this activity in the first quarter.
Construction spending increased 0.2 percent to an annual pace of 953,500 billion, the Commerce Department said Monday. It was the highest since March 2009.
Economists had expected a rise of 0.6 percent.
But the March figure was revised to reflect an advance of 0.6 percent instead of the previously reported increase of 0.2 percent.
Construction spending increased 0.2 percent to an annual pace of 953,500 billion, the Commerce Department said Monday. It was the highest since March 2009.
Economists had expected a rise of 0.6 percent.
But the March figure was revised to reflect an advance of 0.6 percent instead of the previously reported increase of 0.2 percent.
Friday, April 4, 2014
Venezuelan increase its presence in the real estate market in South Florida
A recent report by the National Association of Realtors indicates that Venezuelans were among the main buyers in 2012, in the region of Fort Lauderdale. The average price of homes that were bought between $ 200,000 and $ 299.999.
Amid the uncertainty created by the presence and absence of the now deceased President Hugo Chavez, it is estimated that tens of thousands of Venezuelans living in South Florida are buying property, operating businesses and investing in real estate.
Amid the uncertainty created by the presence and absence of the now deceased President Hugo Chavez, it is estimated that tens of thousands of Venezuelans living in South Florida are buying property, operating businesses and investing in real estate.
Wednesday, April 2, 2014
Miami live a new real estate "boom" driven by luxury homes
Miami is entering a new real estate "boom" fueled by investments chiefly Latin , which has transformed the appearance of the city and having the luxury homes in one of their big hooks .
According to the latest report from Christie's about the luxury real estate market , Miami and surroundings were cast in 2012 between the major markets of its kind in the world , thanks to the widespread recovery in demand and low prices .
" Foreign buyers have been buying luxury properties in Miami as a result of the uncertainty of their currencies , which have often been devalued against the dollar ," he explained this week Ron Shuffield of Esslinger Wooten Maxwell Realtors.
However, Christie's estimated that 55 % of the purchases were completed between October 2011 and September 2012, both months included , were made by residents of Miami and worked investments in primary residences , many in relatively central areas city .
"I've never been a fan of that people move more and more away from the city . Think you should be reunited in the center so you can do everything on foot, as in Chicago , New York or London ," says Jorge Perez, one of the architects of the current design of Miami, where more and more tend to be vertical concentration .
In an interview with Efe, Pérez , president of The Related Group, acknowledged that his company has a great responsibility in this design that begins to characterize Miami , thanks to large apartment buildings where the " penthouses " tend to be fancy , designed to large fortunes who want privacy and good views, but in central areas .
"We 're making . Has created a rather large density in the last ten years on the street before two or three taxis were seen , and are now many and urban transport service is developing and improving," he says.
It is estimated that Miami had late last year over two thousand homes with higher prices million, half that of New York, although the population of its metropolitan area is not even represent a quarter of the New York .
According to Christie's , 70 % of homes purchased last year by more than five million in Miami were paid in cash, a percentage that , although it seems high, it is less than 90% of New York or 100% of Los Angeles .
"Ten years ago , you went to Flagler ( the central street of Miami) at six in the afternoon, shooting with a machine gun and did not give anyone. Miami was a ghost town ," recalls Perez.
"That has changed, defends the promoter . Has not occurred as quickly in any other city in the world change. Ten years have created a 'city' ."
"We have always prided ourselves on being able to see where new areas were . Downtown When we started in the first luxury condominiums people said ' you're crazy , will not live here no ' , but now the city has expanded and now comes to ( what is called ) Midtown and Design District "she recalls.
The company started in Miami Beach and then moved to continental Miami , where " take many risks : start building a lot and have now followed northwards , but are always areas that can be reached by bike ."
"We always have that fear comes another economic depression like that of 2007 , when the market is down because we built too ," says Perez. "We lost a lot of money in that cycle , but it was good for Miami because now the buildings are full ."
In that sense argues that "if it were not for all those buildings we build the downtown Miami would not have grown as it has ."
The " boom" of luxury has meant that prices of homes in Miami and South Florida are already at 2003 levels , after rising by around 11 % last year, and after thirteen consecutive months of annual gains. Even the recorded average rent increases of 15 % yoy.
According to the Case-Shiller index , in South Florida sales prices rose 10 % in 2012 , a senior forward for the first time , which was recorded in 2006 before the bursting of the housing bubble, although prices are still 45% below its record high in May 2006.
According to the latest report from Christie's about the luxury real estate market , Miami and surroundings were cast in 2012 between the major markets of its kind in the world , thanks to the widespread recovery in demand and low prices .
" Foreign buyers have been buying luxury properties in Miami as a result of the uncertainty of their currencies , which have often been devalued against the dollar ," he explained this week Ron Shuffield of Esslinger Wooten Maxwell Realtors.
However, Christie's estimated that 55 % of the purchases were completed between October 2011 and September 2012, both months included , were made by residents of Miami and worked investments in primary residences , many in relatively central areas city .
"I've never been a fan of that people move more and more away from the city . Think you should be reunited in the center so you can do everything on foot, as in Chicago , New York or London ," says Jorge Perez, one of the architects of the current design of Miami, where more and more tend to be vertical concentration .
In an interview with Efe, Pérez , president of The Related Group, acknowledged that his company has a great responsibility in this design that begins to characterize Miami , thanks to large apartment buildings where the " penthouses " tend to be fancy , designed to large fortunes who want privacy and good views, but in central areas .
"We 're making . Has created a rather large density in the last ten years on the street before two or three taxis were seen , and are now many and urban transport service is developing and improving," he says.
It is estimated that Miami had late last year over two thousand homes with higher prices million, half that of New York, although the population of its metropolitan area is not even represent a quarter of the New York .
According to Christie's , 70 % of homes purchased last year by more than five million in Miami were paid in cash, a percentage that , although it seems high, it is less than 90% of New York or 100% of Los Angeles .
"Ten years ago , you went to Flagler ( the central street of Miami) at six in the afternoon, shooting with a machine gun and did not give anyone. Miami was a ghost town ," recalls Perez.
"That has changed, defends the promoter . Has not occurred as quickly in any other city in the world change. Ten years have created a 'city' ."
"We have always prided ourselves on being able to see where new areas were . Downtown When we started in the first luxury condominiums people said ' you're crazy , will not live here no ' , but now the city has expanded and now comes to ( what is called ) Midtown and Design District "she recalls.
The company started in Miami Beach and then moved to continental Miami , where " take many risks : start building a lot and have now followed northwards , but are always areas that can be reached by bike ."
"We always have that fear comes another economic depression like that of 2007 , when the market is down because we built too ," says Perez. "We lost a lot of money in that cycle , but it was good for Miami because now the buildings are full ."
In that sense argues that "if it were not for all those buildings we build the downtown Miami would not have grown as it has ."
The " boom" of luxury has meant that prices of homes in Miami and South Florida are already at 2003 levels , after rising by around 11 % last year, and after thirteen consecutive months of annual gains. Even the recorded average rent increases of 15 % yoy.
According to the Case-Shiller index , in South Florida sales prices rose 10 % in 2012 , a senior forward for the first time , which was recorded in 2006 before the bursting of the housing bubble, although prices are still 45% below its record high in May 2006.
Tuesday, April 1, 2014
The U.S. housing market is at the beginning of a sustained recovery in the long term
Christophe Butz, co -manager of Pictet Timbre , graduated from the Swiss Federal Institute of Technology in Zurich with a master's degree in Forest Engineering . He joined Pictet Asset Management in 2002 as an expert in sustainability. Previously he was the deputy head of sustainability research at Bank Sarasin & Cie . Butz is also the co-founder and partner of an engineering consultancy specializing in climate protection projects . It is a certified International Analyst ( CIIA ) Investment and has an ICSC / AZEK diploma.
The Pictet Timber fund seeks capital growth by investing at least two thirds of its total assets in a diversified portfolio of stocks of companies engaged in financing , planting and management of forests and forest areas and / or treatment , production and distribution of timber and other services and products from wood .
At what point in the economic cycle is believed to USA today?
In terms of U.S. housing market is at the beginning of a sustained long-term recovery . In fact we have seen that housing starts has already exceeded one million units in annual terms for the first time in several years . So while we are still at the beginning , this is encouraging and is likely to see several years of growth , returning to the historical norm of 1.5 million housing starts per year , which means business opportunities and benefits business in companies that are part of our background.
How are the prices of wood formed?
Prices of wood make a "complex animal" . For the most part the price is local, it is very expensive to ship and move the wood. So the price depends on the availability and distance from the forest , the proximity of the wood fiber factories and customers.
But there are also some world trade , which takes place on the Pacific coast of northeastern USA and that affects prices because China is importing more and more of that region. To this recovery housing sector in the U.S. , which also promotes rising timber prices is added.
What types of companies included?
We include a variety of portfolio companies . The most prominent , with greater weight in the portfolio, have orientation and long-term objectives coincide with those of the background , in terms of perfect alignment with respect to access to the base of the timber resource . These are large owners of timberland in the U.S., as Weyerhouser , Plum Creek , second and first in the country . Other companies structured as forest owners , including Potlatch or Rayoneir . We also include companies processing wood products for building structures and panels, as Louisiana Pacific , Camphor or Canadian West Fraser, the largest producer of wooden boards in the world. To this more defensive actions , consumer-oriented , as the Swedish SCA , a leading hygiene products or Clear Water is also added . So the background is quite diversified across companies , with exposure to different segments.
"Housing in the U.S., China and diapers have one thing in common ... "
Yes, it is to be noted that Pictet Timber is not an exotic niche but a globally diversified product actions . Geographically close to 60 % of the exposure is in North America , 25% to emerging markets and the rest of Europe and Asia developed . Using wood as a renewable resource and material, it is possible to participate in different market cycles and market factors. It is the case of most currently influential factor , the recovery of the housing market in the U.S.. To this the consumer segment in products made from wood pulp , which is used for hygiene products is added . The cyclic part is probably the segment of packaging for transportation that is produced , which is associated with the economic recovery. To this packaging for consumer products of daily use, more defensive segment is added. So the whole economy is accessible using wood as a material and resource.
Which countries have more weight?
The largest market in terms of production and consumption remain USA, North America together . Hence the fund is predominantly exposed to actions in the region, where listed companies that own forests in those markets. But , of course , China is increasingly important , a change from ten years ago , when the country was virtually nonexistent . In fact then no wood slats out the Pacific coast of North America to China. Now up to 30 % of the wood harvested by some of the owners of forests in the region goes to China. This increased demand is pushing up prices of wood in North America.
What is the fund's performance ?
We are very happy with the results since launch in 2008 and last year with an increase of 30 % compared to 15 % of the global MSCI World. The result is still good this year , although there has been some correction due to fluctuations and volatility of the price of timber in the U.S..
We believe that the potential of the background still stands, given the recovery of the housing market in the U.S., China and push supply constraints Canada. The country traditionally exported wooden planks and U.S. housing , but on this occasion it will not be possible due to an epidemic that has affected their forests. Demand from China , which did not exist ten years ago , the recovery of the housing market in the U.S. and limited offer : So the ingredients for a super- cycle is given.
The Pictet Timber fund seeks capital growth by investing at least two thirds of its total assets in a diversified portfolio of stocks of companies engaged in financing , planting and management of forests and forest areas and / or treatment , production and distribution of timber and other services and products from wood .
At what point in the economic cycle is believed to USA today?
In terms of U.S. housing market is at the beginning of a sustained long-term recovery . In fact we have seen that housing starts has already exceeded one million units in annual terms for the first time in several years . So while we are still at the beginning , this is encouraging and is likely to see several years of growth , returning to the historical norm of 1.5 million housing starts per year , which means business opportunities and benefits business in companies that are part of our background.
How are the prices of wood formed?
Prices of wood make a "complex animal" . For the most part the price is local, it is very expensive to ship and move the wood. So the price depends on the availability and distance from the forest , the proximity of the wood fiber factories and customers.
But there are also some world trade , which takes place on the Pacific coast of northeastern USA and that affects prices because China is importing more and more of that region. To this recovery housing sector in the U.S. , which also promotes rising timber prices is added.
What types of companies included?
We include a variety of portfolio companies . The most prominent , with greater weight in the portfolio, have orientation and long-term objectives coincide with those of the background , in terms of perfect alignment with respect to access to the base of the timber resource . These are large owners of timberland in the U.S., as Weyerhouser , Plum Creek , second and first in the country . Other companies structured as forest owners , including Potlatch or Rayoneir . We also include companies processing wood products for building structures and panels, as Louisiana Pacific , Camphor or Canadian West Fraser, the largest producer of wooden boards in the world. To this more defensive actions , consumer-oriented , as the Swedish SCA , a leading hygiene products or Clear Water is also added . So the background is quite diversified across companies , with exposure to different segments.
"Housing in the U.S., China and diapers have one thing in common ... "
Yes, it is to be noted that Pictet Timber is not an exotic niche but a globally diversified product actions . Geographically close to 60 % of the exposure is in North America , 25% to emerging markets and the rest of Europe and Asia developed . Using wood as a renewable resource and material, it is possible to participate in different market cycles and market factors. It is the case of most currently influential factor , the recovery of the housing market in the U.S.. To this the consumer segment in products made from wood pulp , which is used for hygiene products is added . The cyclic part is probably the segment of packaging for transportation that is produced , which is associated with the economic recovery. To this packaging for consumer products of daily use, more defensive segment is added. So the whole economy is accessible using wood as a material and resource.
Which countries have more weight?
The largest market in terms of production and consumption remain USA, North America together . Hence the fund is predominantly exposed to actions in the region, where listed companies that own forests in those markets. But , of course , China is increasingly important , a change from ten years ago , when the country was virtually nonexistent . In fact then no wood slats out the Pacific coast of North America to China. Now up to 30 % of the wood harvested by some of the owners of forests in the region goes to China. This increased demand is pushing up prices of wood in North America.
What is the fund's performance ?
We are very happy with the results since launch in 2008 and last year with an increase of 30 % compared to 15 % of the global MSCI World. The result is still good this year , although there has been some correction due to fluctuations and volatility of the price of timber in the U.S..
We believe that the potential of the background still stands, given the recovery of the housing market in the U.S., China and push supply constraints Canada. The country traditionally exported wooden planks and U.S. housing , but on this occasion it will not be possible due to an epidemic that has affected their forests. Demand from China , which did not exist ten years ago , the recovery of the housing market in the U.S. and limited offer : So the ingredients for a super- cycle is given.
Monday, March 31, 2014
A floating hotel offers room between the skyscrapers of Denver
If being more than 1,600 meters above sea level is not enough for visitors to Denver, the hotel guests can pay $ 50,000 to be seven feet higher in high inflatable room between the skyscrapers of downtown .
High atop a fixed ceiling of a van parked outside the hotel Curtis in downtown Denver, " the world's only floating hotel " is a small yet fully functional room , according to documents from the hotel promotional platform. The inflatable stay 1.5 2.1 meters , similar to an elevator dimensions , is the work of artist Alex Schweder , who created for a local festival to promote the art .
Made of clear vinyl with a rubber inflatable walls as kids room , the room is furnished with a bed, a chair , a sofa and a bathroom. The sofa and chair are retracted when the bed is deployed. An aluminum grating around protects the host room should be sleepwalking.
The floating room is part of the great experience of pop culture Curtis hotel , said sales and marketing director Kate Thompson.
High atop a fixed ceiling of a van parked outside the hotel Curtis in downtown Denver, " the world's only floating hotel " is a small yet fully functional room , according to documents from the hotel promotional platform. The inflatable stay 1.5 2.1 meters , similar to an elevator dimensions , is the work of artist Alex Schweder , who created for a local festival to promote the art .
Made of clear vinyl with a rubber inflatable walls as kids room , the room is furnished with a bed, a chair , a sofa and a bathroom. The sofa and chair are retracted when the bed is deployed. An aluminum grating around protects the host room should be sleepwalking.
The floating room is part of the great experience of pop culture Curtis hotel , said sales and marketing director Kate Thompson.
Saturday, March 29, 2014
Prices of U.S. single-family relaxing
El precio de las viviendas unifamiliares en Estados Unidos registró en junio un aumento intermensual -respecto a mayo- del 0,9%, según ha informado Standard & Poor's. Un tibio incremento que apunta a una ligera ralentización dentro de la recuperación del sector.
El indicador Case-Shiller, que elabora esa firma para estudiar la evolución de los precios de la vivienda, subió en junio un 12,1% en las principales 20 áreas metropolitanas del país respecto al mismo mes de 2012, frente al 12,2% de mayo -la mayor escalada desde marzo de 2006-.
Las cifras indican a que "los precios de la vivienda están subiendo, pero pueden estar moderándose". "14 de las 20 ciudades vieron las cifras debilitarse entre mayo y junio", señala el informe. Aún así, en los 20 mercados los precios subieron tanto a ritmo mensual como interanual.
Por otro lado, en las 10 mayores ciudades del país, los precios subieron un 2,2% respecto al mes anterior y un 11,9% sobre junio de 2012.
Por ejemplo, el precio de la vivienda se ha recuperado en San Francisco un 47% desde su punto más bajo en marzo de 2009, mientras que en Phoenix ha subido un 37,1% desde septiembre de 2011.
Los precios de la vivienda a nivel nacional aumentaron más de un 10% a nivel interanual en los últimos dos trimestres. "Sin embargo, los datos mensuales por ciudades apuntan a que el ritmo de incremento se puede estar ralentizando", señala en el informe David Blitzer, presidente del Comité de Índices de S&P.
Con estos datos, los valores de la vivienda vuelven al nivel de la primavera de 2004, pero todavía están un 23% más bajo que en el momento en que tocaron sus máximos, en junio y julio de 2006.
El indicador Case-Shiller, que elabora esa firma para estudiar la evolución de los precios de la vivienda, subió en junio un 12,1% en las principales 20 áreas metropolitanas del país respecto al mismo mes de 2012, frente al 12,2% de mayo -la mayor escalada desde marzo de 2006-.
Las cifras indican a que "los precios de la vivienda están subiendo, pero pueden estar moderándose". "14 de las 20 ciudades vieron las cifras debilitarse entre mayo y junio", señala el informe. Aún así, en los 20 mercados los precios subieron tanto a ritmo mensual como interanual.
Por otro lado, en las 10 mayores ciudades del país, los precios subieron un 2,2% respecto al mes anterior y un 11,9% sobre junio de 2012.
Por ejemplo, el precio de la vivienda se ha recuperado en San Francisco un 47% desde su punto más bajo en marzo de 2009, mientras que en Phoenix ha subido un 37,1% desde septiembre de 2011.
Los precios de la vivienda a nivel nacional aumentaron más de un 10% a nivel interanual en los últimos dos trimestres. "Sin embargo, los datos mensuales por ciudades apuntan a que el ritmo de incremento se puede estar ralentizando", señala en el informe David Blitzer, presidente del Comité de Índices de S&P.
Con estos datos, los valores de la vivienda vuelven al nivel de la primavera de 2004, pero todavía están un 23% más bajo que en el momento en que tocaron sus máximos, en junio y julio de 2006.
Thursday, March 27, 2014
Mexicans invest 5400 million dollars in U.S. real estate
5000 Mexican invested some $ 456 million over the past year into buying homes in the United States , which became the third best for foreign real estate industry customers in this country .
The amount invested by the Mexicans represented 8.0 percent of the $ 68 thousand 200 million earmarked for foreigners to purchase homes between March 2012 and March 2013.
The figures are included in the report of the Activity Profile of International Home Buyers Residential 2013 he unveiled this week the National Association of Realtors (NAR ) in the United States.
According to the document , Mexicans are the third largest group of foreigners in the real estate market in this country , after the Canadians and Chinese .
The report said that 62 percent of the properties acquired by Mexicans in the states of California and Texas.
According to the report , preferred by Mexicans to acquire U.S. home cities are: San Diego , El Paso, Laredo, San Antonio and Las Vegas.
The report said that about 50 percent of purchases were reported by Mexicans in suburbs and about 30 percent in tourist areas . 89 percent of purchases made by Mexicans were family homes , condos 2.0 percent and 9.0 percent of land .
The average price of homes purchased by Mexican was 156 250 thousand dollars, the lowest of the five major groups of foreign buyers .
Canadians , the largest group of buyers, prices averaged $ 182,000 per household, while the Chinese , the second largest group , averaged $ 425,000 per house.
Mexican purchases were made in 48 percent cash and 52 percent by mortgages.
The report noted that in the period 2012-2013 , 72 foreign countries acquired U.S. homes valued at 68 thousand 200 million dollars.
The Canadians, who totaled 23 percent of home sales made to foreigners in the last year , were the main foreign clients for real estate agents -ber States.
The second place were the Chinese with 12 per cent in third place with 8.0 percent Mexicans and Indians and fourth British with 5.0 percent each .
According to the NAR , foreigners are mainly interested in three factors when deciding where to buy your home in the U.S. : proximity to their home country , convenience of air transportation, and climate and location.
Traditionally, the U.S. East Coast attracts European buyers.
The West Coast remains popular for Asian and Mexican buyers are traditionally attracted to homes located in border states like Texas and Arizona.
The amount invested by the Mexicans represented 8.0 percent of the $ 68 thousand 200 million earmarked for foreigners to purchase homes between March 2012 and March 2013.
The figures are included in the report of the Activity Profile of International Home Buyers Residential 2013 he unveiled this week the National Association of Realtors (NAR ) in the United States.
According to the document , Mexicans are the third largest group of foreigners in the real estate market in this country , after the Canadians and Chinese .
The report said that 62 percent of the properties acquired by Mexicans in the states of California and Texas.
According to the report , preferred by Mexicans to acquire U.S. home cities are: San Diego , El Paso, Laredo, San Antonio and Las Vegas.
The report said that about 50 percent of purchases were reported by Mexicans in suburbs and about 30 percent in tourist areas . 89 percent of purchases made by Mexicans were family homes , condos 2.0 percent and 9.0 percent of land .
The average price of homes purchased by Mexican was 156 250 thousand dollars, the lowest of the five major groups of foreign buyers .
Canadians , the largest group of buyers, prices averaged $ 182,000 per household, while the Chinese , the second largest group , averaged $ 425,000 per house.
Mexican purchases were made in 48 percent cash and 52 percent by mortgages.
The report noted that in the period 2012-2013 , 72 foreign countries acquired U.S. homes valued at 68 thousand 200 million dollars.
The Canadians, who totaled 23 percent of home sales made to foreigners in the last year , were the main foreign clients for real estate agents -ber States.
The second place were the Chinese with 12 per cent in third place with 8.0 percent Mexicans and Indians and fourth British with 5.0 percent each .
According to the NAR , foreigners are mainly interested in three factors when deciding where to buy your home in the U.S. : proximity to their home country , convenience of air transportation, and climate and location.
Traditionally, the U.S. East Coast attracts European buyers.
The West Coast remains popular for Asian and Mexican buyers are traditionally attracted to homes located in border states like Texas and Arizona.
Monday, March 24, 2014
Real Estate Sector is strengthened and consumer confidence falls in U.S.
While consumer confidence has followed a volatile path along the year, the real estate sector not done anything but give good news in U.S. This time, the housing prices of the 20 largest cities in September experienced its largest year increase since February 2006 , while building permits rose in October to its highest level since June 2008.
The S & P / Case- Shiller index of property values , rose 13.3% in the ninth month of the year compared to the same period in 2012 , exceeding the 12.8% increase in August and 13% pointing to the polls. Meanwhile , applications for new construction rose 6.2 % last month to an annualized rate of 1.03 million , also exceeding estimates .
"Housing will continue to contribute to growth," said Brian Jones , an economist at Societe Generale , explaining that while the industry was faced with a rise in the interest rate , this increase was not " meshing enough to drown " that market.
Volatile confidence
In counterpart, consumer confidence unexpectedly fell in November to a seven-month low . The Conference Board index gave up 70.4 points from 72.4 the previous month, falling short of forecasts for a rise to 72.6 integers.
According to Jacob Oubina , an economist at RBC Capital Markets , the decline is because " the labor market remains a major challenge", which generated doubts in people 's uncertainty in fiscal policy added .
The S & P / Case- Shiller index of property values , rose 13.3% in the ninth month of the year compared to the same period in 2012 , exceeding the 12.8% increase in August and 13% pointing to the polls. Meanwhile , applications for new construction rose 6.2 % last month to an annualized rate of 1.03 million , also exceeding estimates .
"Housing will continue to contribute to growth," said Brian Jones , an economist at Societe Generale , explaining that while the industry was faced with a rise in the interest rate , this increase was not " meshing enough to drown " that market.
Volatile confidence
In counterpart, consumer confidence unexpectedly fell in November to a seven-month low . The Conference Board index gave up 70.4 points from 72.4 the previous month, falling short of forecasts for a rise to 72.6 integers.
According to Jacob Oubina , an economist at RBC Capital Markets , the decline is because " the labor market remains a major challenge", which generated doubts in people 's uncertainty in fiscal policy added .
Friday, March 21, 2014
Mirages U.S. growth
Optimism has recently intensified in the United States for economic growth , which would be on a trajectory of 3% with euphoric U.S. indices ( +29.6 % for the S & P 500 to 2013) , the unemployment rate the lowest ( 6.6 % ) , a real estate market surge and consumption ( +2.7 % at year-end ), which also seems to rise again . Marketing more effective unfortunately shatters as soon as you look at the numbers a little more closely.
6% of GDP is injected by the Fed
On economic growth, we have seen over the last 5 years to forecast a return to growth without it manifests itself in a sustainable manner , including regular high quarterly estimates but are often a few months after revised significantly down (in the most total indifference ) . It is astonishing to see how the quarterly preliminary estimates are annualized automatically , as if the subsequent quarters were by who knows what miracle follow the same trajectory.
Growth in 2013 will probably be around 1.9 %, which may seem significant compared to Europe for example, but that is just ridiculous when one takes into account the fact that the Fed has injected $ 1 trillion into the financial system for the single year 2013 ( more than 3 trillion since 2008) that is equivalent to 6 % of GDP ...
Low rebound in consumption
U.S. economic growth is at 70 % on consumption. It is further necessary that consumers see their incomes increase , or the median wage fell by 8% since 2008. The rebound in consumption observed at the end of the year means one thing : Americans have tapped into their savings yet already low ( just over 2% savings rate ) . And this is only average, half of households do not even have a savings account and 76% could not cope with an emergency situation ( unforeseen health care expenses , loss of employment for 3 -6 months ... ) .
To overcome this lack of income , Americans have resorted again to credit, including credit cards and student loans , which alone account for 1.3 trillion dollars (more than half are either in arrears or by default). Some articles in the financial press have these same statistics as a return of confidence among households ( the last time we saw such an increase was ... 2008). In fact, a return of confidence would require a real decline in unemployment.
A truncated unemployment
However, the unemployment rate of 6.6 % does not take into account discouraged people who fall more or those underemployed (part -time work , for example) . If we include these people, the unemployment rate then increases to 12.7 % ( U6 statistics from the Bureau of Labor Statistics ) is almost double the official rate. In total, 27 million are non- or underemployed , 11 million receive allocations of " disability" and 50 million are in the food stamps ( food stamps ) . It is estimated that, on average , 4 out of 5 people will be affected in their life of poverty.
Moreover , the jobs created are not only not enough to absorb the increase in the labor force but also highly concentrated on low value-added jobs in services ( fast food ... ) while at the same time, companies continue to cut jobs executives or technicians to significantly higher wages led to a further decline in demand .
Riches do not profit in boosting consumption
Indeed, during the crisis, companies saw their sales decline wanted at all costs to maintain their results and for this greatly reduced their numbers and also took the opportunity to redeem their shares in order to improve ( totally artificial way ) profits per share. In addition, the investment rate has not really off again except during periods of temporary restocking but do not announce movements magnitude . In all cases , listed companies are smiling with indices spraying the last records dating from 1997.
All this would not have been possible without the ultra accommodative Fed policy (zero rates and QE ) which causes inflation without common measurement of assets , whether the shares ( with a price earnings ratio ( Shiller ) high of 25.5 for the S & P 500 against a median of 16.5) , real estate (+10 % yoy ) or raw materials ( barrel of crude to more than $ 100 ), while the fundamentals of the economy are not good . The EDF welcomes the rising markets or real estate which should improve consumer confidence (the famous wealth effect). Must not forget that 53% of Americans do not hold any shares and that most of them are held by a minority with large financial assets ( but not able to stimulate consumption ) .
Similarly , increasing the value of the property benefits only a small proportion of households owning their homes in specific regions (eg New York , Miami and California ) . Many homeowners are still in " negative equity " (ready to pay more than the value of the property ) and above , this increase is dramatic for younger generations who face lower wages and leave university with debts tens of thousands of dollars making any real estate purchase completely out of their reach .
A paralyzed Congress
Finally, an assessment of the economic health of the United States would not be complete without an examination of the action of the State. Now Congress is paralyzed for the past 5 years, with threats of shutdown organized by Republicans who strongly impact the confidence and economic recovery. No major economic reform has been implemented , no rethinking of the very complex (and sometimes anti economic ) U.S. tax , no drastic improvement of the health system ( too expensive and not very effective , at the 46th largest in the world ) , or secondary school system (31st in mathematics in the last ranking PISA) . Instead, the vote of extremely complex regulations only adds costs for companies without being effective ( Dodd Frank ... ) .
Finally, the huge public debt continues to increase with a current level ( including the federal government , individual states , cities and off balance sheet) representing 160 % of GDP, which hampers all the more imperative for infrastructure renewal face competition from many Asian countries including ( China and South Korea for example).
Assets remaining
All this is a pity that the country retains many strengths. The ability of U.S. to initiate and innovate gives them an advantage with integrated highly productive ecosystems such as Silicon Valley . Most international brands are American and the economic environment is still competitive (5th place). In addition, the university system ( in contrast secondary ) still represents excellence through Harvard , Yale or MIT.
In addition, the United States are taking full advantage of the hydraulic fragmentation at the extraction of gas and oil which ensures lower energy costs and thus renewed competitiveness. Finally, the dollar remains the international currency and the United States have never hesitated to use this weapon at the expense of its commercial.
6% of GDP is injected by the Fed
On economic growth, we have seen over the last 5 years to forecast a return to growth without it manifests itself in a sustainable manner , including regular high quarterly estimates but are often a few months after revised significantly down (in the most total indifference ) . It is astonishing to see how the quarterly preliminary estimates are annualized automatically , as if the subsequent quarters were by who knows what miracle follow the same trajectory.
Growth in 2013 will probably be around 1.9 %, which may seem significant compared to Europe for example, but that is just ridiculous when one takes into account the fact that the Fed has injected $ 1 trillion into the financial system for the single year 2013 ( more than 3 trillion since 2008) that is equivalent to 6 % of GDP ...
Low rebound in consumption
U.S. economic growth is at 70 % on consumption. It is further necessary that consumers see their incomes increase , or the median wage fell by 8% since 2008. The rebound in consumption observed at the end of the year means one thing : Americans have tapped into their savings yet already low ( just over 2% savings rate ) . And this is only average, half of households do not even have a savings account and 76% could not cope with an emergency situation ( unforeseen health care expenses , loss of employment for 3 -6 months ... ) .
To overcome this lack of income , Americans have resorted again to credit, including credit cards and student loans , which alone account for 1.3 trillion dollars (more than half are either in arrears or by default). Some articles in the financial press have these same statistics as a return of confidence among households ( the last time we saw such an increase was ... 2008). In fact, a return of confidence would require a real decline in unemployment.
A truncated unemployment
However, the unemployment rate of 6.6 % does not take into account discouraged people who fall more or those underemployed (part -time work , for example) . If we include these people, the unemployment rate then increases to 12.7 % ( U6 statistics from the Bureau of Labor Statistics ) is almost double the official rate. In total, 27 million are non- or underemployed , 11 million receive allocations of " disability" and 50 million are in the food stamps ( food stamps ) . It is estimated that, on average , 4 out of 5 people will be affected in their life of poverty.
Moreover , the jobs created are not only not enough to absorb the increase in the labor force but also highly concentrated on low value-added jobs in services ( fast food ... ) while at the same time, companies continue to cut jobs executives or technicians to significantly higher wages led to a further decline in demand .
Riches do not profit in boosting consumption
Indeed, during the crisis, companies saw their sales decline wanted at all costs to maintain their results and for this greatly reduced their numbers and also took the opportunity to redeem their shares in order to improve ( totally artificial way ) profits per share. In addition, the investment rate has not really off again except during periods of temporary restocking but do not announce movements magnitude . In all cases , listed companies are smiling with indices spraying the last records dating from 1997.
All this would not have been possible without the ultra accommodative Fed policy (zero rates and QE ) which causes inflation without common measurement of assets , whether the shares ( with a price earnings ratio ( Shiller ) high of 25.5 for the S & P 500 against a median of 16.5) , real estate (+10 % yoy ) or raw materials ( barrel of crude to more than $ 100 ), while the fundamentals of the economy are not good . The EDF welcomes the rising markets or real estate which should improve consumer confidence (the famous wealth effect). Must not forget that 53% of Americans do not hold any shares and that most of them are held by a minority with large financial assets ( but not able to stimulate consumption ) .
Similarly , increasing the value of the property benefits only a small proportion of households owning their homes in specific regions (eg New York , Miami and California ) . Many homeowners are still in " negative equity " (ready to pay more than the value of the property ) and above , this increase is dramatic for younger generations who face lower wages and leave university with debts tens of thousands of dollars making any real estate purchase completely out of their reach .
A paralyzed Congress
Finally, an assessment of the economic health of the United States would not be complete without an examination of the action of the State. Now Congress is paralyzed for the past 5 years, with threats of shutdown organized by Republicans who strongly impact the confidence and economic recovery. No major economic reform has been implemented , no rethinking of the very complex (and sometimes anti economic ) U.S. tax , no drastic improvement of the health system ( too expensive and not very effective , at the 46th largest in the world ) , or secondary school system (31st in mathematics in the last ranking PISA) . Instead, the vote of extremely complex regulations only adds costs for companies without being effective ( Dodd Frank ... ) .
Finally, the huge public debt continues to increase with a current level ( including the federal government , individual states , cities and off balance sheet) representing 160 % of GDP, which hampers all the more imperative for infrastructure renewal face competition from many Asian countries including ( China and South Korea for example).
Assets remaining
All this is a pity that the country retains many strengths. The ability of U.S. to initiate and innovate gives them an advantage with integrated highly productive ecosystems such as Silicon Valley . Most international brands are American and the economic environment is still competitive (5th place). In addition, the university system ( in contrast secondary ) still represents excellence through Harvard , Yale or MIT.
In addition, the United States are taking full advantage of the hydraulic fragmentation at the extraction of gas and oil which ensures lower energy costs and thus renewed competitiveness. Finally, the dollar remains the international currency and the United States have never hesitated to use this weapon at the expense of its commercial.
Friday, March 14, 2014
Real Estate of Florida - the Sunshine State
Florida real estate is definitely worth a look if sun and fun is your ticket . Florida real estate , even close to the beach , is a very good deal .
Florida
Florida is a well-known haven for people living through winter storms , in the northeast. Sun and warm water is obviously an attraction , but there is much more to Florida . Orlando appears to be a giant theme park with Disney World, while Miami offers adult entertainment distinct variety with a legendary nightlife . Throw in the Florida Keys, tons of college and professional sports teams , the Kennedy Space Center and you have a state with a lot to do besides loaf on the beach . Then again , loafing on the beach should never be ridiculed !
Miami
Miami is a city that really needs no introduction . With influences of Cuba , the city is an explosion of styles , colors and fun -loving people . Palm trees are plentiful , such as beaches , bars , outdoor cafes and walking streets . When you need a break from the beach , Miami hosts professional sports teams in baseball , basketball , hockey and soccer . The real key for the region , however , is simply the festive atmosphere and people . Almost half the population is Hispanic with a heavy influence appearing throughout the city . Every day is a party in Miami.
Orlando
If Orlando is not the capital of theme parks , I am sorry for the position is . Orlando is home to no less than the world of Disney, Universal Studios and Sea world . In fact , the theme parks are located on the edge of town, which makes Orlando proper a bit bland . Humidity can be a bit of a bear in the summer, but winter is incredibly nice.
Tampa
Tampa is an underrated city in my opinion . The chief criticisms seem to be too modern and a little boring . In fact , it is exactly the opposite. Tampa has a funky cultural feel, particularly in Ympor city where different cultures clash in free wheeling fun and you can get a Cuban cigar hand rolled by a Cuban artist . Museums, galleries and theme parks abound . The beaches of Clearwater are white , clean and a good place to roast in the sun .
Florida real estate
Florida real estate is very reasonably priced considering many of them are so close to the ocean or a lake . The average home price in Orlando will run you a little over $ 300,000 , about the same amount as Tampa . In Miami , prices vary depending on the part of the city you are looking at , but you can expect price ranges from $ 250000 $ 800000 .
If you want to get in on Florida real estate , now may be an ideal time . For 2005 , property in Florida is estimated at nearly 25 percent!
Florida
Florida is a well-known haven for people living through winter storms , in the northeast. Sun and warm water is obviously an attraction , but there is much more to Florida . Orlando appears to be a giant theme park with Disney World, while Miami offers adult entertainment distinct variety with a legendary nightlife . Throw in the Florida Keys, tons of college and professional sports teams , the Kennedy Space Center and you have a state with a lot to do besides loaf on the beach . Then again , loafing on the beach should never be ridiculed !
Miami
Miami is a city that really needs no introduction . With influences of Cuba , the city is an explosion of styles , colors and fun -loving people . Palm trees are plentiful , such as beaches , bars , outdoor cafes and walking streets . When you need a break from the beach , Miami hosts professional sports teams in baseball , basketball , hockey and soccer . The real key for the region , however , is simply the festive atmosphere and people . Almost half the population is Hispanic with a heavy influence appearing throughout the city . Every day is a party in Miami.
Orlando
If Orlando is not the capital of theme parks , I am sorry for the position is . Orlando is home to no less than the world of Disney, Universal Studios and Sea world . In fact , the theme parks are located on the edge of town, which makes Orlando proper a bit bland . Humidity can be a bit of a bear in the summer, but winter is incredibly nice.
Tampa
Tampa is an underrated city in my opinion . The chief criticisms seem to be too modern and a little boring . In fact , it is exactly the opposite. Tampa has a funky cultural feel, particularly in Ympor city where different cultures clash in free wheeling fun and you can get a Cuban cigar hand rolled by a Cuban artist . Museums, galleries and theme parks abound . The beaches of Clearwater are white , clean and a good place to roast in the sun .
Florida real estate
Florida real estate is very reasonably priced considering many of them are so close to the ocean or a lake . The average home price in Orlando will run you a little over $ 300,000 , about the same amount as Tampa . In Miami , prices vary depending on the part of the city you are looking at , but you can expect price ranges from $ 250000 $ 800000 .
If you want to get in on Florida real estate , now may be an ideal time . For 2005 , property in Florida is estimated at nearly 25 percent!
Tuesday, March 11, 2014
They extend the Aventura Mall with more upscale
One of the largest and most prosperous commercial centers in the nation , is about to get bigger . The Aventura Mall soon will demolish its current fast food area to build a new three-story wing , with shops and a parking seven levels high.
Turnberry Associates, the company that owns and manages the mall received approval by the Commission of the City of Aventura, earlier this month. The company expects to begin construction at the end of the year. Plans to move the fast food area have not yet been specified , a spokesman for the shopping center said.
Expansion and 241,000 square feet will be built where the current is fast food area near the JCPenney store. Parking could include up to 1,400 jobs .
Aventura mall is already the largest shopping mall in Florida and one of the largest in the country, with a floor area of 2.7 million square feet. That makes it the 16th largest , according to the Centers Directory of the United States , according to other measurements , is the third largest . It is also one of the top five highest income in the country, in terms of sales per square foot, according to Turnberry .
Adventure owners said they have not signed a lease for the new space. But buyers can expect to see more luxury brands, a segment that the mall has pursued in recent years.
"The continued resurgence of the real estate industry in Florida, and the growth of tourism has led to significant increases in the number of buyers , specifically in the Aventura Mall ," said the mall owners through a statement sent email . "We had a tremendous demand from retailers and simply do not have enough space to meet their needs."
Currently , the mall houses 300 retail stores , including Bloomingdale's , Nordstrom and Macy's , according to Turnberry Associates. Other retail stores include Louis Vuitton , Cartier and Bluberry . The mall also has several restaurants and a 24-screen AMC cinema and IMAX .
It's amazing to see how South Florida is evolving into one of the main destinations of fashion , "said Jackie Soffer , one of the directives of Turnberry Associates. "We are very excited about the continued transformation of Aventura Mall, which will provide an enhanced shopping experience for our local and international visitors."
The rise in online shopping has put pressure on traditional stores that have experienced a decline in customer traffic . But the malls have responded by focusing on the experience in the store, said John Fleming, a spokesman for the Florida Retail Federation . Many events have increased and remodeled facilities .
" Shopping is an experience that many people appreciate ," said Fleming . " It's just not the same as searching the Web from your chair, walk and lunch and [ do] all things that people love to buy in the stores."
EL Aventura Mall specifically benefits from being in the category of "destination malls " which attracts both residents of Miami- Dade and Broward as well as tourists. To meet the needs of these shoppers , the mall will create a closed conveyor system for buses in the street level of the new parking lot .
" Bus stops are currently five to six around the mall and are not as convenient for some people ," said Manager Eric Soroka Aventura Mall. "It's not ideal when it comes to having pedestrian and vehicle traffic situation together . This will allow all traffic from buses go to one place , which will be safer and [ will make it ] more convenient for people to use public transport to get to come to the mall . "
The city is currently evaluating a study on the impact on traffic , delivered by Turnberry, said Joanne Carr, the director of community development in Aventura.
Turnberry Associates, the company that owns and manages the mall received approval by the Commission of the City of Aventura, earlier this month. The company expects to begin construction at the end of the year. Plans to move the fast food area have not yet been specified , a spokesman for the shopping center said.
Expansion and 241,000 square feet will be built where the current is fast food area near the JCPenney store. Parking could include up to 1,400 jobs .
Aventura mall is already the largest shopping mall in Florida and one of the largest in the country, with a floor area of 2.7 million square feet. That makes it the 16th largest , according to the Centers Directory of the United States , according to other measurements , is the third largest . It is also one of the top five highest income in the country, in terms of sales per square foot, according to Turnberry .
Adventure owners said they have not signed a lease for the new space. But buyers can expect to see more luxury brands, a segment that the mall has pursued in recent years.
"The continued resurgence of the real estate industry in Florida, and the growth of tourism has led to significant increases in the number of buyers , specifically in the Aventura Mall ," said the mall owners through a statement sent email . "We had a tremendous demand from retailers and simply do not have enough space to meet their needs."
Currently , the mall houses 300 retail stores , including Bloomingdale's , Nordstrom and Macy's , according to Turnberry Associates. Other retail stores include Louis Vuitton , Cartier and Bluberry . The mall also has several restaurants and a 24-screen AMC cinema and IMAX .
It's amazing to see how South Florida is evolving into one of the main destinations of fashion , "said Jackie Soffer , one of the directives of Turnberry Associates. "We are very excited about the continued transformation of Aventura Mall, which will provide an enhanced shopping experience for our local and international visitors."
The rise in online shopping has put pressure on traditional stores that have experienced a decline in customer traffic . But the malls have responded by focusing on the experience in the store, said John Fleming, a spokesman for the Florida Retail Federation . Many events have increased and remodeled facilities .
" Shopping is an experience that many people appreciate ," said Fleming . " It's just not the same as searching the Web from your chair, walk and lunch and [ do] all things that people love to buy in the stores."
EL Aventura Mall specifically benefits from being in the category of "destination malls " which attracts both residents of Miami- Dade and Broward as well as tourists. To meet the needs of these shoppers , the mall will create a closed conveyor system for buses in the street level of the new parking lot .
" Bus stops are currently five to six around the mall and are not as convenient for some people ," said Manager Eric Soroka Aventura Mall. "It's not ideal when it comes to having pedestrian and vehicle traffic situation together . This will allow all traffic from buses go to one place , which will be safer and [ will make it ] more convenient for people to use public transport to get to come to the mall . "
The city is currently evaluating a study on the impact on traffic , delivered by Turnberry, said Joanne Carr, the director of community development in Aventura.
Jorge Perez learns from his mistakes
On a recent sunny afternoon, Jorge Pérez plunged a shovel into the ground and threw a ceremonial lump.
"We are changing Miami ," Perez said at the inauguration of the construction of the SLS Brickell , a project with about 450 condominium units and 133 hotel rooms. "I feel very proud that we are adding this to the skyline ."
The following week , Perez celebrated the opening of MyBrickell , a smaller building that represents the first high-rise condominium in downtown Miami since the collapse of the real estate market that almost decimated Related Group of Florida, of which he is president and chief executive .
"When you end a job and does what it is supposed to make you do , it's a wonderful feeling ," said the developer , almost jumping for joy as he went from one group to another , wearing a green suit and an orange tie that matched the cheerful decor of the building.
With over $ 1,000 million in losses behind them - and having learned costly lessons - Pérez and his company have entered a new cycle and , as usual, the "King of the condo ," 64, is not living charge.
"I do not know if I still do well, but I think I'm getting better at distributing responsibilities among others and letting them take charge , and not doing much micromanagement as he did before," he said. "Before, I made all the decisions , in every detail. I went to all the projects every week. Now I depend more from others, and I want to. "
The economic crisis - a blow personally and professionally - and a major health problem with Perez and Related razed in 2009 , leading him to consider how his company worked, and their personal priorities and final legacy.
In the years that followed, the art collector donated $ 40 million in cash and artworks to the Museum of Art Miami, which now bears his name publicly pledged to donate half of his fortune to charity ; restructured its company to rely less condominium high profits but equal risks, and remained largely disconnected during a vacation that lasted a month. The tumor they had discovered on his pancreas was found to be benign , and , after recovering from the operation that caused him to extirpárselo Perez has returned to an active tennis calendar and other exercises five or six times a week (and , he admits, overeating occasionally ) .
" I think a lot more in terms of legacy , to give more, in philanthropy , in my family and my friends, spend more enjoyable time doing things other than work," said Perez, " and that has changed me ."
Still confident that their contributions to the profile of Miami have been transformative . Some observers have noted that the change was not always for the better , especially when the company attracted speculators who fueled the buying frenzy that preceded condos Miami real estate collapse in 2008.
"I think that during the last boom , Mr. Perez and the Related Group inflated market excess and were definitely partly responsible for overbuilding and the collapse in South Florida," said Jack McCabe , CEO of McCabe Research & Consulting , an independent housing analyst based in Deerfield Beach has not worked with Related . "Having said that , I would also say that Mr. Perez is a very intelligent man . I think he learned his lesson in the past decade . "
However, the impact of recent years has not been erased . Although Perez has returned to the Forbes list of the 400 richest Americans, which it took the crisis in 2013 he had the number 350 with an estimated $ 1.550 net worth millions admits that neither he nor his company are so wealthy as they once were .
"It's hard to lose the amount of money we lost and retrieve it in a couple of years," he said. " But are we well off and well on solid financial sense ? The answer is yes . "
Born in Argentina of Cuban parents , Perez said that growing up in a family of exiles showed that everything can be lost in an instant. Especially now , he said, he did not take anything for granted .
" My wife and I pinched us all day to ourselves because we are very fortunate," he said of his second marriage, to Darlene Perez. " A wonderful children and a wonderful marriage , and so lucky ... We like to give , we like good restaurants , we are just lucky ."
The decision to donate part of his personal collection of art ( as well as $ 20 million in cash ) to the institution that is now the Pérez Art Museum of Miami has given a new leak to passions that otherwise would have been devoted to business .
But , despite the dedication of his head to the museum 's top executives say Perez still sometimes receive emails from him at 4 am
Since , a lot has changed in Related, whose profits rose 50 percent in 2013 to $ 1.500 billion from the last cycle.
While the company is currently valued at $ 8.850 million , was 20 condominium projects with over 7,000 units under construction during the boom of 2004-2008 - and no rental apartment building - now the company's businesses are better distributed . Of the 29 projects under construction right now , 12 are condos , 10 are affordable housing seven are multifamily rental . That represents 3,050 condo units , 1,485 affordable housing and more than 2,250 rental units.
"I think it is key to learn from your mistakes," said Mathew Allen , executive vice president and general manager of Related Group . "The key is diversification. All are well placed if the condo market slows or stops , we still have money in the other divisions and I think that is important to the future success of Related " .
Peter Zalewski , director of real estate consultancy Condo Vultures and Bussiness Magazine columnist for The Miami Herald Monday , said the company this time seems to be " much less rigid , more mobility."
But Zalewski noted that the new massive project , One Brickell, has three towers in front of Icon Brickell . That $ 1,000 million project comes to symbolize Related problems after speculators withdrew their contracts and two of the three towers will be returned to the lenders.
"It's interesting that they have a second chance on what was probably the most successful project without more recent boom ," Zalewski said. "He's coming back and no wonder . Were all in terms of memory loss ? He could try to do the right thing at this time . "
"We are changing Miami ," Perez said at the inauguration of the construction of the SLS Brickell , a project with about 450 condominium units and 133 hotel rooms. "I feel very proud that we are adding this to the skyline ."
The following week , Perez celebrated the opening of MyBrickell , a smaller building that represents the first high-rise condominium in downtown Miami since the collapse of the real estate market that almost decimated Related Group of Florida, of which he is president and chief executive .
"When you end a job and does what it is supposed to make you do , it's a wonderful feeling ," said the developer , almost jumping for joy as he went from one group to another , wearing a green suit and an orange tie that matched the cheerful decor of the building.
With over $ 1,000 million in losses behind them - and having learned costly lessons - Pérez and his company have entered a new cycle and , as usual, the "King of the condo ," 64, is not living charge.
"I do not know if I still do well, but I think I'm getting better at distributing responsibilities among others and letting them take charge , and not doing much micromanagement as he did before," he said. "Before, I made all the decisions , in every detail. I went to all the projects every week. Now I depend more from others, and I want to. "
The economic crisis - a blow personally and professionally - and a major health problem with Perez and Related razed in 2009 , leading him to consider how his company worked, and their personal priorities and final legacy.
In the years that followed, the art collector donated $ 40 million in cash and artworks to the Museum of Art Miami, which now bears his name publicly pledged to donate half of his fortune to charity ; restructured its company to rely less condominium high profits but equal risks, and remained largely disconnected during a vacation that lasted a month. The tumor they had discovered on his pancreas was found to be benign , and , after recovering from the operation that caused him to extirpárselo Perez has returned to an active tennis calendar and other exercises five or six times a week (and , he admits, overeating occasionally ) .
" I think a lot more in terms of legacy , to give more, in philanthropy , in my family and my friends, spend more enjoyable time doing things other than work," said Perez, " and that has changed me ."
Still confident that their contributions to the profile of Miami have been transformative . Some observers have noted that the change was not always for the better , especially when the company attracted speculators who fueled the buying frenzy that preceded condos Miami real estate collapse in 2008.
"I think that during the last boom , Mr. Perez and the Related Group inflated market excess and were definitely partly responsible for overbuilding and the collapse in South Florida," said Jack McCabe , CEO of McCabe Research & Consulting , an independent housing analyst based in Deerfield Beach has not worked with Related . "Having said that , I would also say that Mr. Perez is a very intelligent man . I think he learned his lesson in the past decade . "
However, the impact of recent years has not been erased . Although Perez has returned to the Forbes list of the 400 richest Americans, which it took the crisis in 2013 he had the number 350 with an estimated $ 1.550 net worth millions admits that neither he nor his company are so wealthy as they once were .
"It's hard to lose the amount of money we lost and retrieve it in a couple of years," he said. " But are we well off and well on solid financial sense ? The answer is yes . "
Born in Argentina of Cuban parents , Perez said that growing up in a family of exiles showed that everything can be lost in an instant. Especially now , he said, he did not take anything for granted .
" My wife and I pinched us all day to ourselves because we are very fortunate," he said of his second marriage, to Darlene Perez. " A wonderful children and a wonderful marriage , and so lucky ... We like to give , we like good restaurants , we are just lucky ."
The decision to donate part of his personal collection of art ( as well as $ 20 million in cash ) to the institution that is now the Pérez Art Museum of Miami has given a new leak to passions that otherwise would have been devoted to business .
But , despite the dedication of his head to the museum 's top executives say Perez still sometimes receive emails from him at 4 am
Since , a lot has changed in Related, whose profits rose 50 percent in 2013 to $ 1.500 billion from the last cycle.
While the company is currently valued at $ 8.850 million , was 20 condominium projects with over 7,000 units under construction during the boom of 2004-2008 - and no rental apartment building - now the company's businesses are better distributed . Of the 29 projects under construction right now , 12 are condos , 10 are affordable housing seven are multifamily rental . That represents 3,050 condo units , 1,485 affordable housing and more than 2,250 rental units.
"I think it is key to learn from your mistakes," said Mathew Allen , executive vice president and general manager of Related Group . "The key is diversification. All are well placed if the condo market slows or stops , we still have money in the other divisions and I think that is important to the future success of Related " .
Peter Zalewski , director of real estate consultancy Condo Vultures and Bussiness Magazine columnist for The Miami Herald Monday , said the company this time seems to be " much less rigid , more mobility."
But Zalewski noted that the new massive project , One Brickell, has three towers in front of Icon Brickell . That $ 1,000 million project comes to symbolize Related problems after speculators withdrew their contracts and two of the three towers will be returned to the lenders.
"It's interesting that they have a second chance on what was probably the most successful project without more recent boom ," Zalewski said. "He's coming back and no wonder . Were all in terms of memory loss ? He could try to do the right thing at this time . "
Monday, March 10, 2014
Buying property in Florida
You are more likely to seek property in Florida for investment or second home.
Buying real estate abroad is always an adventure, Orlando Real Estate assist you in your quest to find, purchase and lease of your property in Central Florida.
Looking for a house, an apartment or a villa in Florida, our team will provide experience and expertise in real estate in Orlando.
The Florida real estate still offers excellent business and net rental return of between 6 and 10%.
Buying real estate abroad is always an adventure, Orlando Real Estate assist you in your quest to find, purchase and lease of your property in Central Florida.
Looking for a house, an apartment or a villa in Florida, our team will provide experience and expertise in real estate in Orlando.
The Florida real estate still offers excellent business and net rental return of between 6 and 10%.
Buying a home in Florida.
Buying a home in Florida: Orlando Real Estate, your real estate agency in Orlando, Central Florida.
Present in Orlando since 1996 , our agency offers all the properties available for sale in the Orlando area , Tampa. Looking to buy a home in Florida, buy a condo or buying a villa in Florida , our team will guide you through the steps of acquiring Florida and offers complete management of your property to rent long term.
Buying a home in Florida is investing in real estate in U.S. $ diversified your wealth while investing in under the sun beetles . Indeed you enjoy buying a property at this time, the lowest price per m2 and a favorable exchange rate , around $ 1.28 per Euro . This investment at the best time you can collect rent during your important investment, a more important value to run and enjoy a reversal in the exchange rate will have a positive leverage effect on the rental income and gain .
These different aspects of real estate Floridian ensures a high rental return on your investment , buying a home in Florida to place in long term rental .
Present in Orlando since 1996 , our agency offers all the properties available for sale in the Orlando area , Tampa. Looking to buy a home in Florida, buy a condo or buying a villa in Florida , our team will guide you through the steps of acquiring Florida and offers complete management of your property to rent long term.
Buying a home in Florida is investing in real estate in U.S. $ diversified your wealth while investing in under the sun beetles . Indeed you enjoy buying a property at this time, the lowest price per m2 and a favorable exchange rate , around $ 1.28 per Euro . This investment at the best time you can collect rent during your important investment, a more important value to run and enjoy a reversal in the exchange rate will have a positive leverage effect on the rental income and gain .
These different aspects of real estate Floridian ensures a high rental return on your investment , buying a home in Florida to place in long term rental .
Saturday, March 8, 2014
The rules of the Florida Rental
The rules in Florida on vacation are:
- Leases are up to 1 year and renewable annually.
- When you find an apartment, you sign first that is called a "contract to lease " that is to say an offer to the owner , then once accepted this offer, you and the landlord sign a " lease" be the final contract of lease.
- In all cases the owner will be asked to pay : 1st months rent / / last month 's rent and / / 1 month deposit .
You will have to pay the amount of your monthly rent X 3 ( for example, if your rent is $ 1000 , must therefore be paid $ 3,000 in advance) .
These conditions are standard and required for all rentals.
* Note: The owners are unfortunately chilly screw opinion "foreigners" without reference to tenants Usa .
We suggest our foreign clients to pay 1 or 2 months rent in advance (plus 1 month of deposit and last month ) to reassure the owner and thus facilitate the transaction.
You should know that the rental market is very strong in Miami and rented apartments do not stay vacant .
- As a real estate agent representing you we will negotiate your lease with "listing agents " ( agents representing the owners). We never have any direct contact with the owners. The ads are sometimes lacking details and pictures due to the lack of professionalism of some listing agents.
He takes on average 15 days to secure an apartment. At the time of signing the lease, it will pay one month's rent (deposit ) to the owner , in an escrow account ( or that of a lawyer or the agency ) and especially not , nor the owner nor staff realtor account.
- Why averaged 15 days ? Because soon sign the lease ( in the case of renting an apartment or a house in a community) , you must complete an application form by "condo association" ( trustee condominium ) and wait for approval which may take a few days. You also need to accept and sign the rules of the condominium. At the same time as the filing of this form will generally combines small fee ranging from $ 100 to $ 200.
- The date of taking possession of your villa or apartment make an inventory of what the property is movable or not it should be done meticulously . . Each issue notices, default, should be carefully noted , photos in support . This inventory should then be signed by you and the landlord. If you notice another negative element few days after your entry into the premises , immediately notify your estate agent by email and save your email the inventory document. A more detailed inventory will be done seriously and less problems igloos have the output .
- You need to worry about renewing your lease, at least 1 month before the end of your agent by notifying your decision that you stay within the premises or not . If you stay you expect a small increase in rent. If you go do not forget to make an inventory of output . The owner has 15 days to three weeks after the date of your departure to make your deposit .
- Leases are up to 1 year and renewable annually.
- When you find an apartment, you sign first that is called a "contract to lease " that is to say an offer to the owner , then once accepted this offer, you and the landlord sign a " lease" be the final contract of lease.
- In all cases the owner will be asked to pay : 1st months rent / / last month 's rent and / / 1 month deposit .
You will have to pay the amount of your monthly rent X 3 ( for example, if your rent is $ 1000 , must therefore be paid $ 3,000 in advance) .
These conditions are standard and required for all rentals.
* Note: The owners are unfortunately chilly screw opinion "foreigners" without reference to tenants Usa .
We suggest our foreign clients to pay 1 or 2 months rent in advance (plus 1 month of deposit and last month ) to reassure the owner and thus facilitate the transaction.
You should know that the rental market is very strong in Miami and rented apartments do not stay vacant .
- As a real estate agent representing you we will negotiate your lease with "listing agents " ( agents representing the owners). We never have any direct contact with the owners. The ads are sometimes lacking details and pictures due to the lack of professionalism of some listing agents.
He takes on average 15 days to secure an apartment. At the time of signing the lease, it will pay one month's rent (deposit ) to the owner , in an escrow account ( or that of a lawyer or the agency ) and especially not , nor the owner nor staff realtor account.
- Why averaged 15 days ? Because soon sign the lease ( in the case of renting an apartment or a house in a community) , you must complete an application form by "condo association" ( trustee condominium ) and wait for approval which may take a few days. You also need to accept and sign the rules of the condominium. At the same time as the filing of this form will generally combines small fee ranging from $ 100 to $ 200.
- The date of taking possession of your villa or apartment make an inventory of what the property is movable or not it should be done meticulously . . Each issue notices, default, should be carefully noted , photos in support . This inventory should then be signed by you and the landlord. If you notice another negative element few days after your entry into the premises , immediately notify your estate agent by email and save your email the inventory document. A more detailed inventory will be done seriously and less problems igloos have the output .
- You need to worry about renewing your lease, at least 1 month before the end of your agent by notifying your decision that you stay within the premises or not . If you stay you expect a small increase in rent. If you go do not forget to make an inventory of output . The owner has 15 days to three weeks after the date of your departure to make your deposit .
Friday, March 7, 2014
Sunny Isles Beach
Sunny Isles Beach, which originally was part of Miami Beach is an independent municipality in 1997.
Located in North East Dade County , bounded on the South by Bal Harbour, on the north by Golden Beach, Aventura by the West . Sunny Isles has undergone profound changes.
The long line of obsolete hotels, oceanfront , late 50s , a time of glory Miami Beach, there are only few remains. They have since been replaced by sumptuous edifices, among the most luxurious of all the area has Miami.Coproprietes Sunny Isles
In record time , the apartments facing the sea , including many millionaires values, trendy shops , cafes and restaurants very upscale , made Sunny Isles one of the most sophisticated and sought-after destinations in the South Florida.
Voisinant large complex built in the 70s , such as Winston Towers, found new giant structures along the ocean.
Among the most famous include Aqualina , Trump Towers, Ocean I, II , III , IV, Turnberry Ocean Colony .
Population From Sunny Isles Beach is currently around 15,000 people with a strong presence of European nationals ( Italian , French , German ) , Canadian , South American and a fairly large Russian community.
This ethnic diversity is reflected in the composition of shops, malls and restaurants all along Collins Avenue. These citizens of the world , whether they are tourists or immigrants rub shoulders in a harmonious way , without complexes , with the traditional "snow birds" winter of Florida birds. Sunny Isles Beach Real Estate
During these recent changes , Sunny Isles managed to retain its original charm, the famous restaurant " Rascal House" disappeared but was replaced by the equally famous Epicurus. Newport pier hotel where sinners Sunday tributary , small shops beach items , and especially the nature of loafers to casual and nonchalant appearance remained the same over the years.
Located in North East Dade County , bounded on the South by Bal Harbour, on the north by Golden Beach, Aventura by the West . Sunny Isles has undergone profound changes.
The long line of obsolete hotels, oceanfront , late 50s , a time of glory Miami Beach, there are only few remains. They have since been replaced by sumptuous edifices, among the most luxurious of all the area has Miami.Coproprietes Sunny Isles
In record time , the apartments facing the sea , including many millionaires values, trendy shops , cafes and restaurants very upscale , made Sunny Isles one of the most sophisticated and sought-after destinations in the South Florida.
Voisinant large complex built in the 70s , such as Winston Towers, found new giant structures along the ocean.
Among the most famous include Aqualina , Trump Towers, Ocean I, II , III , IV, Turnberry Ocean Colony .
Population From Sunny Isles Beach is currently around 15,000 people with a strong presence of European nationals ( Italian , French , German ) , Canadian , South American and a fairly large Russian community.
This ethnic diversity is reflected in the composition of shops, malls and restaurants all along Collins Avenue. These citizens of the world , whether they are tourists or immigrants rub shoulders in a harmonious way , without complexes , with the traditional "snow birds" winter of Florida birds. Sunny Isles Beach Real Estate
During these recent changes , Sunny Isles managed to retain its original charm, the famous restaurant " Rascal House" disappeared but was replaced by the equally famous Epicurus. Newport pier hotel where sinners Sunday tributary , small shops beach items , and especially the nature of loafers to casual and nonchalant appearance remained the same over the years.
Real Estate: mansions of Paris appeal unless the lofts of New York
Luxury apartments in London, New York and Hong Kong rather than a mansion in Paris . According unveiled Thursday by the agency Barnes , specializing in luxury real estate assessment , Paris has just passed the 4th to 6th of the most popular with wealthy clients cities.
The French capital , a victim of the real estate slump , moved away from the trio, was dethroned by Miami ( Florida ) and Singapore just overrides Geneva (Switzerland). Just behind Berlin, just move from 10th to 8th place in the top 10 most popular cities.
Fewer foreign investors
" Paris is treading water ," said the agency focuses its analysis on the luxury property, apartments or mansions. In 2009, she explains , the capital was on average 20% cheaper than London and 10 % more expensive than New York. " Four years later , New York is 70 % more expensive in London and 200 % more expensive . "
According to Barnes, which criminalizes the way the French taxation, prestige goods " difficulty finding takers " , transactions performing " at prices 10-20 % lower than in late 2011 - early 2012 ." Parisian buyers focused on property prices " less than € 2 million " while foreign - " Russian and Middle Eastern " particular - are " fewer than in 2011-2012 ."
While prices are down in the French capital, New York, long marked by the crisis , recorded a 13% surge in prices in 2013 while London increased by 11 % in the market of prestige goods .
The French capital , a victim of the real estate slump , moved away from the trio, was dethroned by Miami ( Florida ) and Singapore just overrides Geneva (Switzerland). Just behind Berlin, just move from 10th to 8th place in the top 10 most popular cities.
Fewer foreign investors
" Paris is treading water ," said the agency focuses its analysis on the luxury property, apartments or mansions. In 2009, she explains , the capital was on average 20% cheaper than London and 10 % more expensive than New York. " Four years later , New York is 70 % more expensive in London and 200 % more expensive . "
According to Barnes, which criminalizes the way the French taxation, prestige goods " difficulty finding takers " , transactions performing " at prices 10-20 % lower than in late 2011 - early 2012 ." Parisian buyers focused on property prices " less than € 2 million " while foreign - " Russian and Middle Eastern " particular - are " fewer than in 2011-2012 ."
While prices are down in the French capital, New York, long marked by the crisis , recorded a 13% surge in prices in 2013 while London increased by 11 % in the market of prestige goods .
Monday, March 3, 2014
IN 2014, ALL GOOD REASONS TO INVEST IN MIAMI FLORIDA
Why Miami is often in the media since the crisis "subprime" in the USA?
1. Miami a growing city
Young, explosive, energizing, sparkling, cheerful, optimistic, beautiful as the day and night: the city has become "the place to be." A city of a thousand and one nights futuristic and it is only the beginning. Stars and personalities from around the world all came at least once in Miami when they do not decide to buy a second home. The airport received in 2103 more than 40 million visitors. Expanding new areas of Miami mushrooming over the past 2 years. Many events and festivals succeed throughout the year making this city more attractive in terms of the entire planet. Miami is also one of the first and most Americans to have recovered from the crisis cities.
2. Tax advantages in Florida
A simplified ultra light and digestible taxation: in short you only pay 15% on capital gains, after 2 years, deducted all your expenses, including tickets, restaurants, hotel tickets. Compared to the tax burden in France heritage here paying taxes is not a confiscation.
3. Euro / Dollar strong for European
4. Flexibility Rental Plan
Incomparable with the regulations in France (as elsewhere in Spain), the rent laws to protect the owner usa. So who "leads the dance." Basically leases are renewable annually and leases are made to ensure that the tenant has, roughly, one right, one to pay rent or vacate the premises.
In case of non-payment of rent the tenant will be out within a maximum of 45 days.
5. Total investment security and title
6. Rental income & appreciation potential
A growing market and the good news is that prices have not yet reached those before the crisis. Despite a significant increase in prices in the most desirable areas, there is still room and plenty of bargains to be found not to mention excellent unrealized gains. But a tip: do not wait.
7. No risk to review a U.S. housing market collapse
The influx of international investors (85% of buyers in Miami are foreign, so 5% of French only, have invested cash) since the crisis.
This has greatly consolidated and therefore secure the market.
8. Exceptional location
crossroads of the Americas, Miami at the door of South America, is located just 8-9 hours flight from Paris.
9. The climate of Florida
A subtropical climate and quality of life very envied. Idyllic beaches and as beautiful as the Bahamas known for their crystal clear waters sea. Nobody can either stress or boredom in Miami.
10. Be well advised!
.. Because your best partner to invest in Miami is U.S.: www.OfCourseMiami.com
A competent, experienced, efficient & motivated, who feels rewarded for his work by the satisfaction of its customers.
In our agency you will meet all the essential stakeholders for a purchase and / or a safe investment:
- Specialized in residential real estate agents, investment, business, rental,
- Real estate attorney (your incorporation if necessary, and signature of documents), Manager, Business Construction and renovation (BCM).
We offer packaged services: personal interview, selection / search property, unfailing support throughout the transaction, assistance in opening bank accounts, insurance installation, automatic payments for expenses, rental your property, implementation management and monitoring monthly management ... until the resale of your property with added value.
1. Miami a growing city
Young, explosive, energizing, sparkling, cheerful, optimistic, beautiful as the day and night: the city has become "the place to be." A city of a thousand and one nights futuristic and it is only the beginning. Stars and personalities from around the world all came at least once in Miami when they do not decide to buy a second home. The airport received in 2103 more than 40 million visitors. Expanding new areas of Miami mushrooming over the past 2 years. Many events and festivals succeed throughout the year making this city more attractive in terms of the entire planet. Miami is also one of the first and most Americans to have recovered from the crisis cities.
2. Tax advantages in Florida
A simplified ultra light and digestible taxation: in short you only pay 15% on capital gains, after 2 years, deducted all your expenses, including tickets, restaurants, hotel tickets. Compared to the tax burden in France heritage here paying taxes is not a confiscation.
3. Euro / Dollar strong for European
4. Flexibility Rental Plan
Incomparable with the regulations in France (as elsewhere in Spain), the rent laws to protect the owner usa. So who "leads the dance." Basically leases are renewable annually and leases are made to ensure that the tenant has, roughly, one right, one to pay rent or vacate the premises.
In case of non-payment of rent the tenant will be out within a maximum of 45 days.
5. Total investment security and title
6. Rental income & appreciation potential
A growing market and the good news is that prices have not yet reached those before the crisis. Despite a significant increase in prices in the most desirable areas, there is still room and plenty of bargains to be found not to mention excellent unrealized gains. But a tip: do not wait.
7. No risk to review a U.S. housing market collapse
The influx of international investors (85% of buyers in Miami are foreign, so 5% of French only, have invested cash) since the crisis.
This has greatly consolidated and therefore secure the market.
8. Exceptional location
crossroads of the Americas, Miami at the door of South America, is located just 8-9 hours flight from Paris.
9. The climate of Florida
A subtropical climate and quality of life very envied. Idyllic beaches and as beautiful as the Bahamas known for their crystal clear waters sea. Nobody can either stress or boredom in Miami.
10. Be well advised!
.. Because your best partner to invest in Miami is U.S.: www.OfCourseMiami.com
A competent, experienced, efficient & motivated, who feels rewarded for his work by the satisfaction of its customers.
In our agency you will meet all the essential stakeholders for a purchase and / or a safe investment:
- Specialized in residential real estate agents, investment, business, rental,
- Real estate attorney (your incorporation if necessary, and signature of documents), Manager, Business Construction and renovation (BCM).
We offer packaged services: personal interview, selection / search property, unfailing support throughout the transaction, assistance in opening bank accounts, insurance installation, automatic payments for expenses, rental your property, implementation management and monitoring monthly management ... until the resale of your property with added value.
Friday, February 28, 2014
Investing in Florida Orlando , the new Eldorado ?
The City Beautiful : this is the nickname given to Orlando, city of a hundred lakes and orange groves deemed , capital of Orange County , the heart of Florida.
A city that attracts 58 million visitors a year thanks to Disneyworld, water parks and 200 golf courses , among others. Business center booming with four airports, a convention center that displays full for the next twenty years , a leading university and diversified activities , Orlando still has great potential. The city has everything to attract real estate investors in Miami as a more affordable sector booming .
Affordable investment
French investors have good reasons for wanting to diversify their assets or investment on their behalf, or by making a rental investment a very attractive net profitability is a very investor-friendly taxation in the United States . This investment is affordable because it first has a strong euro against the dollar (1.56 ) that acquires , for example, a house three rooms, with excellent benefits, from 160,000 euros in a residence near access roads , shops and all amenities . Solidly built , with anticyclonic standards , individual or semi-detached houses supplied are guaranteed ten years and are ready to live, sometimes furnished with landscaped garden, kitchen, etc. . To finance this acquisition, the input required is the minimum of 30%. The surplus can be financed by a loan on-site from 25 to 30 years. In this case, a mortgage guarantee is made on the acquired property . In Florida, all expenses are borne by the seller, the purchaser's expense are those of the mortgage.
Rental flexibility
Several options are possible. Rent long term this is the best return on investment. Rents cover the repayment of the loan . The rent, furnished, allows higher rental income - which are also random and the purchaser may schedule an occupation. The short-term rental allows to occupy the property but occasionally requires a higher investment and the need to obtain a hotel license. Such investment needs to be aware of the tax treaty between the two countries . It is better to be accompanied by a specialized agency , with all the guarantees to mount such a project , which will monitor management seamlessly through its representative on site.
A city that attracts 58 million visitors a year thanks to Disneyworld, water parks and 200 golf courses , among others. Business center booming with four airports, a convention center that displays full for the next twenty years , a leading university and diversified activities , Orlando still has great potential. The city has everything to attract real estate investors in Miami as a more affordable sector booming .
Affordable investment
French investors have good reasons for wanting to diversify their assets or investment on their behalf, or by making a rental investment a very attractive net profitability is a very investor-friendly taxation in the United States . This investment is affordable because it first has a strong euro against the dollar (1.56 ) that acquires , for example, a house three rooms, with excellent benefits, from 160,000 euros in a residence near access roads , shops and all amenities . Solidly built , with anticyclonic standards , individual or semi-detached houses supplied are guaranteed ten years and are ready to live, sometimes furnished with landscaped garden, kitchen, etc. . To finance this acquisition, the input required is the minimum of 30%. The surplus can be financed by a loan on-site from 25 to 30 years. In this case, a mortgage guarantee is made on the acquired property . In Florida, all expenses are borne by the seller, the purchaser's expense are those of the mortgage.
Rental flexibility
Several options are possible. Rent long term this is the best return on investment. Rents cover the repayment of the loan . The rent, furnished, allows higher rental income - which are also random and the purchaser may schedule an occupation. The short-term rental allows to occupy the property but occasionally requires a higher investment and the need to obtain a hotel license. Such investment needs to be aware of the tax treaty between the two countries . It is better to be accompanied by a specialized agency , with all the guarantees to mount such a project , which will monitor management seamlessly through its representative on site.
Wednesday, February 26, 2014
The real estate market in the U.S. can expect a brighter future. Sales of properties in Florida for a 7-year peak
Housing Starts are already next year end up being almost a doubling of home prices start to rise , according to a survey of American Urban Land Institute among nearly four dozen analysts and economists specializing in reality. The outlook for 2014 promises even rosier while talking about a " significant" increase in property prices . Silica sales but in some areas already noticeable today. The long unprecedented interest speaks as exploring the Florida Association of Realtors . Urban Land Institute compiles a consensus view on possible future developments in the real estate sector regularly every six months .
Tuesday, February 25, 2014
Miami live a new real estate "boom" driven by luxury homes
Miami is entering a new real estate "boom" fueled by investments chiefly Latin , which has transformed the appearance of the city and having the luxury homes in one of their big hooks .
According to the latest report from Christie's about the luxury real estate market , Miami and surroundings were cast in 2012 between the major markets of its kind in the world , thanks to the widespread recovery in demand and low prices .
" Foreign buyers have been buying luxury properties in Miami as a result of the uncertainty of their currencies , which have often been devalued against the dollar ," he explained this week Ron Shuffield of Esslinger Wooten Maxwell Realtors.
However, Christie's estimated that 55 % of the purchases were completed between October 2011 and September 2012, both months included , were made by residents of Miami and worked investments in primary residences , many in relatively central areas city .
"I've never been a fan of that people move more and more away from the city . Think you should be reunited in the center so you can do everything on foot, as in Chicago , New York or London ," says Jorge Perez, one of the architects of the current design of Miami, where more and more tend to be vertical concentration .
In an interview with Efe, Pérez , president of The Related Group, acknowledged that his company has a great responsibility in this design that begins to characterize Miami , thanks to large apartment buildings where the " penthouses " tend to be fancy , designed to large fortunes who want privacy and good views, but in central areas .
"We 're making . Has created a rather large density in the last ten years on the street before two or three taxis were seen , and are now many and urban transport service is developing and improving," he says.
It is estimated that Miami had late last year over two thousand homes with higher prices million, half that of New York, although the population of its metropolitan area is not even represent a quarter of the New York .
According to Christie's , 70 % of homes purchased last year by more than five million in Miami were paid in cash, a percentage that , although it seems high, it is less than 90% of New York or 100% of Los Angeles .
"Ten years ago , you went to Flagler ( the central street of Miami) at six in the afternoon, shooting with a machine gun and did not give anyone. Miami was a ghost town ," recalls Perez.
"That has changed, defends the promoter . Has not occurred as quickly in any other city in the world change. Ten years have created a 'city' ."
"We have always prided ourselves on being able to see where new areas were . Downtown When we started in the first luxury condominiums people said ' you're crazy , will not live here no ' , but now the city has expanded and now comes to ( what is called ) Midtown and Design District "she recalls.
The company started in Miami Beach and then moved to continental Miami , where " take many risks : start building a lot and have now followed northwards , but are always areas that can be reached by bike ."
"We always have that fear comes another economic depression like that of 2007 , when the market is down because we built too ," says Perez. "We lost a lot of money in that cycle , but it was good for Miami because now the buildings are full ."
In that sense argues that "if it were not for all those buildings we build the downtown Miami would not have grown as it has ."
The " boom" of luxury has meant that prices of homes in Miami and South Florida are already at 2003 levels , after rising by around 11 % last year, and after thirteen consecutive months of annual gains. Even the recorded average rent increases of 15 % yoy.
According to the Case-Shiller index , in South Florida sales prices rose 10 % in 2012 , a senior forward for the first time , which was recorded in 2006 before the bursting of the housing bubble, although prices are still 45% below its record high in May 2006.
According to the latest report from Christie's about the luxury real estate market , Miami and surroundings were cast in 2012 between the major markets of its kind in the world , thanks to the widespread recovery in demand and low prices .
" Foreign buyers have been buying luxury properties in Miami as a result of the uncertainty of their currencies , which have often been devalued against the dollar ," he explained this week Ron Shuffield of Esslinger Wooten Maxwell Realtors.
However, Christie's estimated that 55 % of the purchases were completed between October 2011 and September 2012, both months included , were made by residents of Miami and worked investments in primary residences , many in relatively central areas city .
"I've never been a fan of that people move more and more away from the city . Think you should be reunited in the center so you can do everything on foot, as in Chicago , New York or London ," says Jorge Perez, one of the architects of the current design of Miami, where more and more tend to be vertical concentration .
In an interview with Efe, Pérez , president of The Related Group, acknowledged that his company has a great responsibility in this design that begins to characterize Miami , thanks to large apartment buildings where the " penthouses " tend to be fancy , designed to large fortunes who want privacy and good views, but in central areas .
"We 're making . Has created a rather large density in the last ten years on the street before two or three taxis were seen , and are now many and urban transport service is developing and improving," he says.
It is estimated that Miami had late last year over two thousand homes with higher prices million, half that of New York, although the population of its metropolitan area is not even represent a quarter of the New York .
According to Christie's , 70 % of homes purchased last year by more than five million in Miami were paid in cash, a percentage that , although it seems high, it is less than 90% of New York or 100% of Los Angeles .
"Ten years ago , you went to Flagler ( the central street of Miami) at six in the afternoon, shooting with a machine gun and did not give anyone. Miami was a ghost town ," recalls Perez.
"That has changed, defends the promoter . Has not occurred as quickly in any other city in the world change. Ten years have created a 'city' ."
"We have always prided ourselves on being able to see where new areas were . Downtown When we started in the first luxury condominiums people said ' you're crazy , will not live here no ' , but now the city has expanded and now comes to ( what is called ) Midtown and Design District "she recalls.
The company started in Miami Beach and then moved to continental Miami , where " take many risks : start building a lot and have now followed northwards , but are always areas that can be reached by bike ."
"We always have that fear comes another economic depression like that of 2007 , when the market is down because we built too ," says Perez. "We lost a lot of money in that cycle , but it was good for Miami because now the buildings are full ."
In that sense argues that "if it were not for all those buildings we build the downtown Miami would not have grown as it has ."
The " boom" of luxury has meant that prices of homes in Miami and South Florida are already at 2003 levels , after rising by around 11 % last year, and after thirteen consecutive months of annual gains. Even the recorded average rent increases of 15 % yoy.
According to the Case-Shiller index , in South Florida sales prices rose 10 % in 2012 , a senior forward for the first time , which was recorded in 2006 before the bursting of the housing bubble, although prices are still 45% below its record high in May 2006.
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