News About Properties

News about properties and real estate
May 9th, 2014

Why are rich Russians so obsessed with buying up London property? | Cities

What is it about London that wealthy Russians can’t get enough of? Thanks in no small part to the crisis in Ukraine, their takeover of the London property market is growing apace.

According to the Financial Times £, well-to-do Russians – and Ukrainians too – “are trying to shift more cash into London property … amid indications that eastern European oligarchs are using the capital’s housing market to conceal their assets from international sanctions”. And this despite a recent “tax crackdown” by George Osborne, apparently.

via Why are rich Russians so obsessed with buying up London property?.

March 14th, 2014

Abandoned homes haunt Florida’s housing market

Florida’s real estate market remains haunted by decaying and abandoned properties even as new foreclosures slow and home values rise.

These so-called “zombie” foreclosures — properties forsaken by both the bank and borrower — number 54,900 statewide, including 14,600 in Palm Beach, Broward and Miami-Dade counties, according to a new report from RealtyTrac.

The concentration in Florida makes it tops in the nation for zombie foreclosures, with South Florida ranking first among large metro areas.

via Abandoned homes haunt Florida’s housing market.

February 6th, 2014

Vegas Builder Hits the Jackpot

It has been nearly three years since builder Josh Anderson purchased 36 distressed lots just outside of Las Vegas for an average of about $90,000 each, hoping that a bet on troubled land would pay off once the market turned.

If all goes well this week, his gamble could result in a jackpot.

One of the lots Mr. Anderson bought was used to build the “New American Home,” the name given to a model home that captures the latest design trends and is unveiled annually at the International Builders’ Show. This year’s show, a mega convention expected to attract 80,000 members of the home-building and home-renovation industry, opened in Las Vegas on Tuesday.

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p>via Vegas Builder Hits the Jackpot.

October 10th, 2013

How All The New Student Housing Will Impact Tallahassee’s Investment Market

My favorite blog posts are ones that are inspired by reader questions, and today we respond to a doozy from “DC” who asks about investing and student housing.

We get all kinds of questions from our readers, but this one is very insightful in that I believe he suspects there could be a problem brewing for some of the investors in the Tallahassee real estate market.

And I believe he is correct.

via How All The New Student Housing Will Impact Tallahassee’s Investment Market | Tallahassee.com Community Blogs.

September 19th, 2013

The housing market is looking up. But don’t ignore the more sobering facts. – WSJ.com

All year long, we’ve been hearing that the housing rebound is upon us. Yes, there has been some marked cooling in the market in the past couple of months, but by and large, the stars have remained aligned.

The economy is recovering, unemployment is inching down and the Federal Reserve is trying to keep interest rates low, helping create the greatest buyers’ market in anyone’s memory. Things are looking brighter for sellers, too. The often-quoted S&P/Case-Shiller home-price index is chronicling the biggest price increases in half a decade.

It no doubt makes a lot of people want to jump into the housing market again.

via The housing market is looking up. But don’t ignore the more sobering facts..

August 29th, 2013

Lenders provide nearly $900 million in financing for new South Florida condo projects

Some seven years after the dramatic South Florida real estate crash of 2007, lenders have begun to open the financing spigot for proposed condo towers east of Interstate 95 in the tricounty region of Miami-Dade, Broward and Palm Beach.In the past 20 months, lenders have provided nearly $900 million in financing to condo developers — excluding the massive Brickell CityCentre mixed-use project that includes a trio of condo towers — who are proposing more than 150 new projects in South Florida.This condo financing figure is addition to the untold number of loans currently being provided to developers of rental apartments in South Florida.

via Lenders provide nearly $900 million in financing for new South Florida condo projects.

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