Lunes, Marso 31, 2014

Most expensive homes in Brooklyn

According to a study released this week by the realtor Douglas Elliman , the average rent for an apartment in Brooklyn arrived in July 3000 to U.S. $ 35, 8.2 % more than the same month last year.

This increase makes Brooklyn continue its approach to Manhattan, the most expensive neighborhood in the Big Apple , and where the average rent is $ 822 per month 3000 .

The improving economy , but also the permanent flow generated in the city 's financial sector , large corporations and diplomatic (UN and consulates ) is combined with limited space to push prices up .

The annual rise in Manhattan has been only 1.7 % through July, but at that level prices have taken a little break though, with only 1.28 % of empty homes on the island, apartment owners know that if a potential tenant rejects the price, then another will accept it.

" No apartments to teach. Everything is rented many customers who do not find anything " " Jiang Jinjin , a real estate agent Hecht Group, who added he has regrets . "

The increase in Brooklyn is even greater in the most demanding areas like Greenpoint , Williamsburg, Cobble Hill and Brooklyn Heights, after Park Slope and Carroll Gardens- feet very fashionable for several years - has long ceased to be accessible for the average citizen .

Jiang also drawn to Dumbo, a very trendy area of Brooklyn where some areas near the river are already more expensive than Manhattan, where a study can be rented for up to $ 3,000.

Brooklyn apartments considered luxury , which are those that are in the 10% more expensive, have an average rent of U.S. $ 6.007 , 8.8 % higher than a year ago , the study of Douglas Elliman .

People fleeing the island of Manhattan for the impossible free market prices can not be considered for subsidized public housing and is the origin of the meteoric rise of Brooklyn, but we must not dismiss the " fashion factor " , as this neighborhood is becoming in recent years the most dynamic area of ​​the city .

For example , rents in Park Slope rose 32 % between April 2011 and March 2012.

Sabado, Marso 29, 2014

In the U.S. home construction data was lower than expected

The beginning of construction of houses in the U.S. rose less than expected in August amid a sharp slowdown in the multifamily sector , according to data released Wednesday by the Commerce Department data.

However, a sharp rise in permits for single-family homes aimed at strengthening sustained recovery in the labor market.

The beginnings of home construction rose 0.9 % in August to a seasonally adjusted annual rate of 891,000 units. The early July were revised downward to show a rate of 883,000 units instead of the previously reported 896,000 .

The beginnings of multifamily dwellings fell 11.1 % to 263,000 units in August . The beginnings of single family homes, which are the largest segment of the market, rose 7.0 % to a rate of 628,000 units , the highest since February.

The drop in multifamily housing starts could be the result of a rise in mortgage rates , which could make developers are more cautious in undertaking new projects.

The largest mortgage rates have slowed the pace of home sales, but is expected to boost demand for new housing residential construction.

Mortgage rates have risen to expectations that the Federal Reserve reduced purchases of bonds 85,000 million hits monthly to keep rates low .

Economists believe the Fed will make an announcement on the future of the program after a meeting on Wednesday, two days.

Permits to build new homes fell 3.8 % in August, at a rate of 918,000 units. Analysts had expected permits, preceding the beginning of construction in at least a month , mostly not change at a rate of 950,000 units.

All the pressure came last month multifamily sector , where permits fell 15.7% . Permits for single-family home construction , meanwhile, rose 3 % , to its highest level since May 2008.

Overall, the early works in homes and apartments last August were 19% above the rate of August 2012.

Permits for buildings with at least five apartments fell 15.7 % , while permits for single-family homes rose 3 percent.

Huwebes, Marso 27, 2014

Miami Herald: Venezuelan underpin the property market in Miami

They had five years assessing whether to invest their savings outside of Venezuela , in Europe or in Florida. They were looking for an investment that will revalue over time, but above all, it is safe . 15 days ago signed the purchase of an apartment for about $ 300,000 in Miami Beach will also serve them as a holiday , and last week gave them the keys .

Buyers , Victoria, who does not want to be identified by his real name for fear of reprisals, and her husband, two young professionals are part of Venezuelans who have decided to invest in Miami and are a growing part of international buyers of residences in Miami.

Venezuelans have gone from being 16 percent of all buyers of properties in the areas of Miami and Miami Beach in the 12 months to June 2012, 20 percent in the 12 months leading up to July 2013 , according to a report prepared by the National Association of Realtors (NAR ) for the United States Association of Realtors Florida .

In addition , Venezuelans have moved from third to second place in the ranks of international buyers of properties in Florida , accounting for 7.6 percent of foreign purchases in the state. They are second only to Canadians ( who signed almost 30 percent of foreign property purchases in Florida ) and ahead of the Brazilians, who exceeded them in the report of 2012. The jump is due mainly to the percentage of property purchases among Brazilians fell from 9.3 to 6.5 percent.

The NAR report is based on a survey of 977 real estate agents in Florida.

"The number of Venezuelan buyers has definitely gone up. Venezuelans feel safer having their investments here , "said Aurace Rengifo , realtor in Ocean International Realty .

Security of investment was the main objective of Victoria and her husband to invest in Miami. They did not want to buy in Venezuela for fear that if they rent the property , the tenant has the right to buy it for a reduced or , if left empty, that the expropriation price.

" Perhaps you will be revalued in Venezuela 's percentage, because the supply is scarce. Here's more offer, but with all that the property is still revalued. It's a risk-benefit balance . One is more at risk in our countries but has more gain, " Victoria , who works in a multinational company said. Her husband has his own business in Venezuela .

Victoria and her husband are the prototype of the Venezuelan investor is buying in Miami , as described different estate agents : young professionals who often have their own business in Venezuela , which often have a partner or children and perhaps . Venezuelans who bought homes spent in Florida between July 2012 and July 2013 , mainly rent them for performance ( 38 percent of buyers as reported by NAR ) , as a holiday also would rent when I was busy (32 % ) and exclusively as a holiday ( 9%).

"Overall, the Venezuelan who invest now want to ensure that while not using the apartment can rent " confirmed Rengifo , who noted that some condo associations do not allow this practice.

"It's a mixture of the two uses , residential and investment," said Francisco Angulo , president-elect of residential property in the Realtors Association of Miami. "Many of these buyers will want to think of an alternative in case you have to come to the United States ," he added .

Although Victoria and her husband bought the apartment as an investment especially not think renting , but plan to spend their holidays there. They thought about investing in Spain , but there are still the crisis, while in the United States, property prices are already rising.

"In the U.S. , compared to every crisis, recover. They are prepared to recover, " Victoria said. He also bought in Miami Beach by weather and the beach.

62 percent of Venezuelans who bought a property in Florida , it was in the Miami and Miami Beach , according to the NAR report 2013. Next in popularity Fort Laudedale (9 % of buyers ) and the area of ​​Naples -Marco Island (6 %).

"Those who want to emigrate , are likely to residential places such as Weston, Doral and Kendall ," Angulo said. " Investors buy in Brickell, Downtown, Midtown, Doral and Aventura ." Other Miami Beach agents added to the list of preferred areas .

In addition to security for their investments , Venezuelan buyers also seek personal safety. "They like to buy buildings or communities with security, Doral, Weston, or condos with security at the door ," said Carlos Villanueva , regional manager Keyes Realtors. "The Venezuelan coming here mostly for the protection of their capital and personal protection ."

Also the price they paid for their apartment is about average . Nearly 60 percent of Venezuelans who bought some property in Florida paid between $ 100,000 and $ 400,000 , according to the report of the NRA . The price gives them to buy , especially apartments, condo buildings and townhouses . The majority - 78% - buy your apartment in cash, without resorting to a mortgage.

For Victoria, the decision to buy a condo was clear. "I wanted beach. I have other friends who bought in Kendall home and bought them because they wanted a house by the lake . For me the houses are unsafe , are more isolated . I like an apartment , you have a condo, maintenance costs are shared . And besides, if you're not going to live there , the houses will deteriorate further, " Victoria , having clear he wants to continue living in Venezuela said.

Miyerkules, Marso 26, 2014

Greater than expected drop in U.S. sales of new homes in February

Sales of new U.S. homes fell slightly more than expected in February, according to data released Tuesday by the Commerce Department.

The authorities recorded 440,000 transactions on an annualized basis and according to seasonally adjusted data, the lowest figure in five months. Analysts, meanwhile, expected a drop in sales to 445,000.

This number represents a decrease of 3.3% compared to January sales month that 455,000 transactions (revised down from 13,000 figure) were recorded.

Lunes, Marso 24, 2014

Latin driving the housing boom of Miami

The cranes have returned to make an appearance in this city, which became the emblem of the housing collapse that started the financial crisis of 2008 . This time , however , the rise in apartment construction is not driven by cheap credit from banks, but foreign investors , many Latin Americans.

Numerous and impressive condominium buildings were unoccupied for several years after the bursting of the housing bubble. The value of condominiums fell nearly 60 % from its peak to its lowest , according to the Realtors Association of Miami. Funding vanished for both buyers and developers .

Today, almost all units that were vacant were busy and demand exceeds supply . 118 have been proposed apartment towers to the Miami area , of which 35 are already under construction , says real estate consultancy Condo Vultures LLC .

The 41 buildings proposed for downtown Miami added 12,100 units , a figure well below the 22,200 units built between 2003 and 2008 , during the housing boom , but still a significant recovery if taken into account in the construction central area of ​​the city was virtually paralyzed until 2011. "This boom evokes the situation where we were a decade ago," says Peter Zalewski, principal of Condo Vultures .

Although growth can save like with bubble a few years ago, it remains a painful memory in Miami , developers emphasize that the strong international demand has created a new model of financing in cash , in his opinion , it is safer bank loans that fueled the previous boom . Normally buyers have to pay at least 50% before closing the business, which means that homeowners lose their money if they abandon the transaction.

Under the new payment system , urban developers rely more on deposits from buyers , and less debt to finance the construction , which , they say, puts projects on a more solid foundation . In addition , construction firms with less experience left out , since banks have become more strict about the initiatives they fund.

The developer Carlos Melo used this financing model 23 Biscayne Bay to build a 17-story tower which last year became the first building completed in the new cycle. Melo said that the project is fully sold and 90 % of owners bought units as investments and are renting . "They are looking to put their money in a safe place ," he adds .

About 85 % and 90 % of buyers of new apartments are foreigners , mostly from Latin America, estimated Alicia Cervera Lamadrid, managing partner of Cervera Real Estate , which manages 16 sales initiatives. " The payout structure separated the speculators who are well funded ," he says.

A study by the Association of Realtors Miami released in November estimated that between July 2012 and July 2013 , Venezuelans accounted for the largest group of foreign buyers of real estate in Miami, with 14 % of the total. Brazil and Argentina ranked second with 11 % each, while Colombians and Canadians were in third place with 8 % each.

Buyers say they are attracted by the increasingly cosmopolitan and cultural elements such as the Miami Art Museum Miami Museum Perez , who is preparing to open its doors on December 4.

Also consider these investments are safer than leaving your money in places where greater economic volatility reigns as Argentina and Venezuela .

The market for upscale condominiums in Miami has proven particularly vibrant and its development has been accompanied by the arrival of luxury shops in the Brickell financial district in the center , and the Design District to the north. Some of the projects have attracted star architects like Zaha Hadid and Bjarke Ingels .

Umberto Mascagni, an Italian 24 years old he moved to Miami three years ago to study international business , paid in August a deposit for a two bedroom apartment U.S. $ 700,000 in a tower proposal overlooking Biscayne Bay, but has not yet begun to build. He and his father started investing in real estate in Miami in 2008 and now have six additional condos they rent. "In the last two years , the market has been crazy ," said Mascagni , who says he is on the hunt for other investment opportunities , but " always with his eyes open , always with caution."

Biyernes, Marso 21, 2014

National Real Estate Fair: A national exhibition, but with a Global Village

These destinations cater to exotic investors looking to diversify their investments , and retirees who want to enjoy this part of their lives to live in warmer climates and at lower cost , in France .

Indeed, all these destinations appear much lower than those in France property prices. Throughout fact, the financial crisis has reduced the claims of vendors, including Florida State of USA 's most popular yet .

Another determining factor taxation. While real estate taxes are cutting into France returns the rental and away 30 years total exemption from capital gain on resale , countries like Mauritius and Portugal offer possibilities zero tax under certain conditions .

Professionals in these countries have understood the unique opportunity presented by the Fair to meet with candidates in the sun.

Mauritius and there is strength . If prices start at € 200,000 for a small apartment near the sea , under the RES , a house at the edge of the Indian Ocean easily reached the million and a half euros . But the proud owner does not pay tax on capital gains or inheritance tax.

Florida also attracts more and more French . The Miami real estate market has experienced strong growth in December 2013 with a strong increase in sales of houses and condos, according to data from 31,000 members of the Association of Realtors in Miami.

In Asia , the dream begins to € 250,000 for a villa with pool on the island of Kho Samui. And a little later in the Pacific , New Zealand attracts French investors. Very politically stable , the country enjoys a vibrant economy and attracting more and more investors worldwide.

Recall that the National Real Estate Fair is a special moment for all those planning a real estate purchase.

Developers, builders , realtors, property managers , major professional organizations (Federation of real estate developers, Fnaim , Union of French houses ... ) , bankers , lawyers, management consulting heritage ... all professionals who make up the real estate landscape have indeed, answered present at this event.

Martes, Marso 11, 2014

Venezuelans leading Internet search homes in Miami

Next in the list Argentina , according to figures from the Association of Real Estate Floridad

Venezuelans ranked first last September in Internet search residential real estate market in Miami (USA ) , largely due to the " political and economic instability " in the South American country, said today the Association of Real Estate in the city of Florida , says the portal Latest News .

"Venezuelans have become the most searched in the revitalized Miami real estate sector " and accounted for 22 % of international sales that took place between July 2012 and July 2013, said Lynda Fernandez, vice president of the association.

After Venezuelans , the largest number of purchases in the Miami real estate market were made ​​by Argentines ( 11%), Brazilians ( 10%), Peru ( 9%) and Canadians and Colombians, both with 6% during the period 2012 -2013 .

In total, accounted for 114,338 visits last month Venezuelans to the website of the Miami Association of Realtors, 47% more than the same period of 2012 , Fernandez said.

Fernandez attributed the interest in property search in Miami for Venezuelans to the unstable situation in the country , and the strong increase in demand in this sector.

As for international visits to the website of Miami Association of Realtors , Canadians ranked second , followed by Colombians , Brazilians, Argentines, Lithuanian , French , Italian, Spanish and Filipino .

But the Miami real estate market is also very attractive to residents of other U.S. states .

Last September, consumers in California, Texas , New York , Georgia , Illinois and North Carolina, in that order, were the most frequently visiting the website of the Association of Real Estate in Miami

Venezuelans leading Latino real estate investing in Miami

Latin Americans have a love affair with Miami, but judging by what you see in the real estate market , this relationship has rarely been so intense .

Venezuela , Brazil and other Latin American countries rich have contributed decisively to the recovery of the real estate market in Miami, which became a symbol of the housing crisis in the U.S. way .

It is a trend that reflects the strong economic growth in Latin America, a region that resisted quite well to the global financial crisis.

Encouraged by these external buyers, real estate developers in Miami are launching new projects , but Florida remains one of the U.S. states most affected by the housing crisis . For this reason , Miami has become a favorite destination for international buyers .

"Latin America has helped breathe new life into our market," said Jorge Perez, president of Related Group , a leading real estate in South Florida developer.

The tendency to Venezuelans who, like many Latin American traditionally seen in Miami real estate investing as a safe haven against economic and political volatility in the region is heading.

According to the Association of Realtors in Miami , Venezuelans were the main foreign buyers in 2013 , accounting for 15 % of all sales to people outside the U.S. . Brazilians and Argentines came shortly after this ranking.

Last year , sales of residential properties in Greater Miami had a record of 46 % compared to 2012 , according to the association . In condos , the prices finally picked up again in the second half of last year , and in December , the owners of houses also had their first recovery from the recession .

Many Venezuelans say they prefer to buy in Miami because they believe there are fewer business opportunities in your country, and believe the government of Hugo Chavez called socialist is stifling the local housing market .

" Chavez is the effect," said the Venezuelan Puzzi Cleto , who sold an apartment he had bought in Spain and two in Miami , now rented. " You can not invest in Venezuela today . "

For other South American countries , the main attraction of Miami are the lowest prices in relation to property in their home countries .

A recent report by property RelatedISG , Miami, showed that prices of apartments and homes closed in downtown Miami neighborhoods are below the new buildings in cities such as Rio de Janeiro , Sao Paulo , Buenos Aires and Bogota.

In downtown Miami , said the report, the average price per square foot is $ 4,300 while this value reaches $ 10,750 in Rio Paulo , Sao at $ 9675 and $ 5375 in Buenos Aires.

Lunes, Marso 10, 2014

Immobilier en Floride : Evolution du marché

Florida Real Estate : To stabilize Price?

For ten months, they could afford , candidates for the acquisition of a house had every interest in not rushing the United States . Prices kept falling in effect . But last March, the real estate market in Florida is returned. According to the Florida board of Realtor , the average price of single-family homes in Florida rose 1 % compared to the previous month if we do not take into account seasonal variations.

In one year the real estate prices in Florida have fallen further to 4.5%.

This increase in raw data were already perceptible in February. But , according to this composite index, home prices in Florida are for the first time in almost a year remained stable seasonally adjusted data.

Analysts are they surprised by this recovery? Not really. It had been anticipated . Foreign demand is very strong in Florida, investment or pleasure, the property prices in Florida during the Dollar and promotes the entry of foreign capital. Miami , Orlando, Tampa attracting more and more buyers Europeans and Canadians on a still devastated by the subprime market crisis .

Stocks of real estate property in Florida have declined since 2009, but the foreclosure gate has Stope the majority of seizures since late 2010 . There is still a few years to invest in real estate in Florida.

USA: The Real Estate foreclosures decreased on a year.

The number of procedures for foreclosures in the U.S. rose slightly from the previous month, but fell sharply in annual comparison, according to the consulting firm RealtyTrac.

A total of 222,740 homes have been a seizure in June (notice of default, auctions, bank repossessions), nearly 4% more than the previous month but 29% less a year earlier. According to Realty Trac, it is the ninth consecutive month of annual decline in the number of procedures foreclosures Usa.

Sabado, Marso 8, 2014

Tax Evasion: no, big fortunes do not come in France

Government and Bercy in particular do not stop trumpeting the return of Swiss tax exiles . The figures are certainly good but this return does not prevent new leave to get away from French surfiscalité .

According to specialist lawyers , since the beginning of last year we treat one hundred large files per week . It is higher than those who are supposed to return sums ten times . Bercy boasts of a phenomenon that was not alarming and is silent on the departures , they are markers of real concern.

Depending on the services of the Department of Budget (Bernard Cazeneuve ) , requests for adjustments in accordance with procedures applicable since June were a big hit . The tax administration would have seen back 15 813 taxpayers with undeclared foreign account. These returns have already reported 230 million euros , all cases under investigation are 2.4 billion of assets. On 2014, the budget has programmed a tax refund of € 1 billion .

Between those who think and those who accept return back , there is a significant margin

And of course the success of this operation is related to the effort of the State which has reduced to 15% penalty rate for tax liabilities fraudsters and 30 % for assets fraudsters. So this is not an amnesty, but it looks like him. When viewed under the microscope , this report is discouraging. Even sad .

The return of capital illegally invested abroad is due to this pseudo tax amnesty but also because Swiss banks have committed to be transparent. So they warned their customers that they were asked to move their little treasures . And where to go ?

All Destinations are distant and insecure . Bercy skillfully plays on the confusion between taxpayers illegally Exiles ( over 15,000 ) and who inquired , and those who actually initiated arbitration proceedings ( 2631 cases) and finally those who were treated and have therefore paid their fines , (241 files). Between those who think and those who accept return back , there is a significant margin.

Those who return , really are not super rich

Those who return , really are not super rich. The filings today relate to amounts of less than EUR 100 000 . A joke do you ? EUR 100,000 , enough to buy a car in Paris. No more. To whom belong to " the enormous fortunes "? Primarily to French who live in France and have inherited an account on which parents or relations had left their tails inheritance . It is obvious that these heirs have jumped at the opportunity to repatriate this money without penalty.

To make it legal to launder kind of money that at first was probably not very clean. Assets that were not, because of their unscrupulous ancestors. Large fortunes they do not fit . But beyond this fraud big fortunes illegally placed in Switzerland and can go as well in Qatar or Dubai , which one does not speak, it is the existence of a totally legal exile accelerated past year.

Large fortunes that require a move to Geneva, Brussels and Luxembourg are becoming more numerous. Bercy does not give these figures. Taxpayers fleeing inheritance and ISF. There are bosses who sell their business to retire , are the heirs of large groups that do not have the benefit of the exemption , it also has patterns of investment funds . All those who have invested their fortune in start -up but does not manage all owners of hyper- market let go . S

Not to mention, and this is news, Peugeot , now they are ousted from the company will obviously go into hiding to avoid the ISF ... and join their cousins ​​on the other side of the Swiss border. All this begins to be interesting escape from € 10 million fortune . This is the price of a building in Paris or a very big business , or even a small business .

The preferred destination of French pensioners

They are between 5 000 and 10 000 be in this case , carriers have to the amount of £ 5 to 10 billion euros. They legally with Bercy negotiated exile. For information, € 10 million fortune, is a minimum of 150 000 euros EWB . Not negligible these days . But that 's not all : there has finally ants who want to avoid the income tax , and ... heating costs .

The French middle class has no other fortune than a secondary residence and a comfortable retirement ( between 5000 and 10 000 euros per month ) the French middle class goes today reside legally in paradise tax specially designed for them.

In the trifecta of the favorite destinations of French pensioners : - Portugal exiting the crisis thanks to the influx of capital. Last year , Portugal would have earned 2 billion euros. - Morocco , but it is not new . - Florida and Mauritius ... but it's a bit far.

French pensioners who are easy to evade taxes , also have small children they want to see often enough. These destinations attract wealthier middle class . That said, all these countries have the same benefits. They are bathed by the sun, with a chic and cheap because of the crisis that crushed real estate prices . And cheap services. A couple of retired officials who struggled to finish the month at Paris live like a mogul in Lisbon or Agadir. This exile here is perfectly legal. Bercy will not oppose it.

So it is not for sale . He prefers happy to meet anyone who had " bad luck " to have a little thug ancestor who had stashed money in Switzerland and seeks to recover today. So rather than bring cash in small amounts when they return from winter sports, the heirs prefer to pay the tax and be all . The fee is cheaper than the TGV. But to say they mark the return of confidence in the virtues of the French model , should not be exaggerated .

Biyernes, Marso 7, 2014

The real estate in the United States is it worth it?

▪ Do you have enough equity , you do not trust obligations: what then ?

The course stone! Terra firma !

Certainly , real estate has problems . Pipes dripping and leaking windows are examples . But at least we can understand . You can see with his own eyes . We also saw a lot last weekend when we visited a well located two blocks from our office in Baltimore - a building of 13 apartments offered at auction .

There a few years ago , there would have been one or two people during the visit . Last week there were at least 15, maybe more . We found that we knew some of them ... experienced real estate investors in the Baltimore area . Others were new . A couple came to India. A man who spoke little English , was Chinese .

How Baltimore apartments that almost all the slums they attract global investors ? We do not know . Perhaps this is the proximity of the Johns Hopkins University or Peabody Conservatory of Music . Maybe investors are just looking for a better deal than what they can find in big cities .

▪ Brand watches Brand cities ...
There are some years we coined the term " city brand " . The idea was simple. More and more people are unattached ... especially rich people . Often they are in semi- retirement, manage their businesses or investments by telephone and internet . They can live wherever they want.

These people - many of them being "new rich" - leading auto brands , wear clothes and branded watches. It seems reasonable to assume they would also live in the cities of brand - those that attract the international elite . Then, in the chic cocktails, they just say to live in London or New York , and so have something in common with many other guests . If they do not have an apartment , they know someone who has one.

At the top of the list of cities are brand London , Hong Kong and Singapore. Paris , New York , Vancouver and many other tailgating .

In Paris, almost all expensive apartments changing hands are bought by foreigners. Central London is just about the same thing. Little "local" can afford to live in the most exclusive areas. Foreign buyers bid up the price and change the atmosphere of the neighborhood.

We lived in a building in London, for example, where almost all of our neighbors were Russian, Japanese, Chinese or Brazilian . Insofar as most owners had other homes, sometimes more , the building was as quiet as a library. We rarely crossed paths people .

Baltimore , however , has yet to make his place in the category of " cities " brand . Nobody buys real estate in Baltimore for reasons of prestige. Nobody boasts of having " a little pied a terre " in Baltimore. Prices reflect this fact .

Here , investors have a sharp pen and little tolerance for large expenditures. The building that I visited last week had been "improved" by previous owners ... very roughly . Woodwork that have been dismantled and repaired had been redone with putty and painted. Pipes that have been replaced remained in place along the walls and ceilings. Scaffolding raw wood stairs maintained to prevent them from falling. Imitation parquet linoleum covered the floor .

▪ Should we invest ?
A real estate professional has given us some explanation : " Prices have risen dramatically So be careful There is a lot of money that comes owners will have to compete for tenants This will put margins. . . . under pressure " .

"Does that mean it's not a good place to invest ? " we asked .

" Well , I do not think we 'll see the kind of performance found it a few years ago . Were obtained between 10 % and 12% on certain projects. Were invested one million dollars, and the annual net yield was 100,000 $ . at present , prices are on the rise. property rates too. so that we can get a rate of 7% , maybe ... or 6%. this is not great, but n ' is not awful. And this is better than playing the stock market . "

Meanwhile, another pro real estate in Florida this time , we explained what appears to be even more advantageous :

"I can not find good deals on the most traded markets," he said. " But there is still money to be made if one is willing to go a little further and work a little harder. I have an eye on a building with 55 apartments . I think I can get it for approximately $ 1.8 million . the total budget, including closing costs , work and reserves could amount to approximately $ 2.2 million . We do the work . We find good tenants . then we probably go seek refinancing Fannie Mae - . probably what we would restore between 60% and 75% of our capital there was an almost guaranteed return of 7.5% ... probably a little more. "

Why buy a house in 2014 is a good idea

Real estate remains a profitable investment

For many Belgians , buying a home remains a safe investment. The current low interest rates make borrowing particularly cheap , while many subsidies promote energy efficient homes . In addition, a portion of the mortgage is tax deductible.

Claim ownership today is therefore not a foolish investment. But this may not last forever : interest rates begin to rise , while subsidies are declining and that the tax deduction will be abolished from 1 January 2015. In other words , who wants to buy a house should ideally do so in 2014.

In 2015, the end of the tax deduction : it is better to buy a house in 2014
End of 2014 , mortgages spend federal regional . The system of tax deduction is very expensive, it would likely disappear from 1 January 2015. So who buys, builds or renovates from 2015 will no longer qualify for a partial tax deductibility of interest . Deductibles are sometimes quite high, it can deal a severe blow to your projects.

If this system is not extended by the Walloon and Brussels regions, however, remain valid for buyers who entered into a mortgage this year and next year. And until the loan is fully repaid , of course. From 1 January 2015 , the regions should provide a new type of compensation , which remains to be defined. It was not until the second half of 2014 to be attached to this issue. One thing is certain : this amount will be much lower , so that build or buy a home will become even more difficult in 2015. However, buying a house in 2014 knows the exact amount that will be deductible for tax purposes.

Take advantage of low interest rates

Economic fluctuations will , they also make life difficult for potential buyers . Low interest rates make borrowing very cheap, certainly, but experts predict a rise in interest rates in the coming months. If you want to buy a house, so better use low interest rates to your advantage.

Lunes, Marso 3, 2014

Miami is still dreaming the French

 Miami won the French households. After their American counterparts, they are the ones who have the most accessed April website to buy. The presence of real estate professionals in Florida National Exhibition French property held in Paris in April there is not foreign, according to the website. "The participation of the association (Realtors Miami ed) at international conferences such as the National Real Estate Fair was a great way to attract new buyers and foreign investors to the Miami real estate market" .

But if the French are so enticed by the "Magic City" in Florida, but also because it is now very cheap for its standard. Properties therein therefore are likely to be valued in the coming years, thus giving the opportunity to the owners to make gains in a short time. Which is not the case in France, where housing prices reach in some places, ceilings.

"Miami remains a real wise investment because the price per square meter is 2-3 times lower than cities such as New York or Paris and generally lower than that of French cities like Bordeaux, Marseille and Toulouse, 3000 euros per square meter for quality goods and 5-6 000 for premium goods, "stated there a few weeks the real estate specialist, Luxury Alexandra Dupont.

It should actually go back to 2007 to understand why property prices in Miami are also attractive. The subprime crisis has harshly affected Florida and prices there have been a precipitous decline. A catch-up effect is exerted since. According to local real estate professionals, there are still two years before prices return to their pre-crisis level. This means that time is running out for potential buyers.