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.
Friday, February 28, 2014
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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