Escolar Documentos
Profissional Documentos
Cultura Documentos
TSG - A Unique Aspect of Managing Properties
TSG - A Unique Aspect of Managing Properties
BRASIL
So Paulo De um lado, o
estouro da bolha imobiliria
na crise de 2008 provocou
uma queda vertiginosa no
preo dos imveis em
Miami. De outro, a
valorizao do real nos
Piscina em condomnio em Miami: preo das casas parte de 65 mil dlares
Colombia
U.S.A.
New York Times, Miami Today note Miamis real estate recovery
By: Sergio N. Candido
The Miami real estate market is far from reaching the glory of past years, but its
showing signs of recovery thanks in part to foreign investors and foreclosure
freezes.
According to the New York Times, the balance between supply and demand in
South Florida is shifting and as Miami Today notes, the improvement in the
market is being driven by areas west of Biscayne Boulevard, including
Midtown, Wynwood and the Design District.
The Times has some interesting facts to back up its case: in 2008 there were
108,000 properties for sale in Miami. Now there are fewer than 48,000
properties for sale, and with supply diminished, the value of homes has
increased.
Property sales in the metropolitan area during the first half of the year rose 16
percent from 2010 for the best spring since 2007, the Times reports. Two-thirds
of the sales were all cash.
Prices are also improving. During the first six months of the year, there were 439
sales for at least $2 million, up 13 percent from last year.
Carlos Villanueva, district sales manager for The Keys Co., told Miami Today
that real estate prices are also rising thanks to Miamis art scene, restaurants
and clubs that help attract a young, hip, pioneering demographic.
This is causing more people to want to move to areas west of Biscayne
Boulevard that were not soughht after in the past.
Gentrification is in full force in the triangle of Midtown, Wyneood and the
Design District, Rita Regev, broker associate at Optimar International Realty
told Miami Today.
Grant Stern, a mortgage broker (and noted Miami Twitterer) who lived at a
building in downtown Miami, was forced to downsize when his landlord sold his
three-bedroom apartment. He now pays more in rent for a two-bedroom, also in
downtown.
Two years ago, everyone was gripped with fear, Stern told the times. Now
investors are gripped by greed.
www.thesolutiongroup.net