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Wednesday, March 26, 2008
Canadians account for more than half of all new houses purchased in Florida, Texas and California. Due to strong Canadian dollar, declining American dollars and weak housing prices due to the sub-prime mortgage mess have increased the desire for Canadians to obtain real estate properties across America. Explosive local housing markets in Canada where Canadians are seeing double digit appreciations in their own home values. Local real estate brokers in Florida, Arizona and California and other Sun Belt states are seeing plenty of Canadian buyers. According to a real estate agent in Sarasota, in the past six month nearly 20 percent of his calls are from Canadians.
Tuesday, March 18, 2008
Homes all across Florida are going up for auction, many with no reserve, reflecting an increasingly desperate real estate market. More than 50 condominiums and brownstones will be up for auction at the Village of Wilton Station in Wilton Manors on March 28. At least 10 of the units up for auction are to be sold with no reserve, advertisements for the auction say. That means there is no minimum price the home must be sold for. One of the Florida developers is taking up auctions online.
More than 3,000 acres of land in the Florida Panhandle are auction off through internet. Some of the properties for auctions include, 3,000 acres of recreational property in Gadsden County near Tallahassee; Sabel Island, 56 acres in Port St. Joe, with plans in place for an 18-lot residential subdivision; and Brewton Lane, 29.5 acres in Bay County near Panama City which is residentially zoned for 50 to 60 lots.
Tuesday, March 11, 2008
NEW YORK - Companies from overseas has begun to spend nearly $4,000 a month for their employees to provide temporary corporate housing in New York. Now many foreign companies are purchasing high end Manhattan condominium apartments and taking on the role of landlords by themselves. Companies from Asia and Europe say that; the strategy makes perfect sense because of the flourishing Manhattan real estate market and the favorable exchange rates. The New York real estate market has been very strong for many years, despite the chaos around the rest of the country. According to the Real Estate Board of New York, the average price of a home in Manhattan was $1.26 million in 2007, up 11 percent from the previous year. Now foreigners have begun to purchase nearly twice as much property in New York as they were two years ago.
Monday, March 03, 2008
The real estate investment market is increasingly global, with a growing number of real estate operating companies and Real Estate Investment Trusts (REITs) investing cross border. In addition, listed real estate investment managers are continuing to role out multi-region/global investment products.
Now in its eighth year, the International Real Estate Finance Review 2007/08 illustrates trends and developments in the field of real estate within the global markets through authoritative editorial and comment by leading experts from industry associations, investment banks, law firms & property consultants. This title serves as an up-to-date information guide to this sector, reporting on international developments as well as offering domestic and industry-specific analysis.
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