Posts Tagged ‘Market’

Miami Beach Condo: Gaining Popularity During Troubled Times

May 13, 2008

Miami Beach has always been a favorite vacation spot for many of the locals and foreign individuals. The tropical climate is perfect for those who wish to enjoy the white, sandy beach the Miami is known for. The sights and sounds around the area, as well as the commercial and entertainment areas also add to its popularity.

This is one of the reasons why Miami Beach condo is a big hit, and is till is despite the current status of its real estate market. Ever since 2006, the market declined as the number of foreclosed units increased. This is practically due to the devaluation of the U.S. currency, as well as the soaring interest rates during the mortgage bust that hit the nation.

The Popularity Of Condominiums

As expected from being a city of tourists, the condos in Miami Beach can only be described as luxurious. Each suite has its own balcony that overlooks the beauty of Miami Beach, Florida.

The interior of the condos are fully furnished, ranging from beds to kitchen utensils and from entertainment systems to laundry – everything is provided for the convenience and comfort of its occupant. Also, the building itself is never without its additional services for their tenants. Swimming pools, 24-hour service desk, security, fitness and entertainment lounges, restaurant, and so on, are readily available for use.

The South Beach district of the city holds high-rise condos, which is quite famous for expatriates and corporate individuals. The area around these high-rise, expensive condos offers recreational areas and commercial facilities, such as boutiques, fine-dining restaurants, entertainment complex, and, of course, the amazing Art Deco district.

The Mortgage Bust

It is true that there has been a major decline in condo acquisition in Miami Beach, unlike the time during market boom in 2005. Foreign investors are now taking the lead in condo acquisition, as the locals are backing out due to the rising prices and the high interest rates of many financial loans in the city.

Ever since the mortgage bust, many financial lenders are become stricter in their mortgage policies, and coupled with high interest rates, made it almost impossible for the locals to get their hands on a decent loan for condo acquisition. The devaluation of the U.S. currency is not helping the matter out either.

But despite these hindrances in the real estate market, condo acquisition is still on the rise due to foreign customers. The Europeans are enjoying the inflation of their currency value, thus finding these Miami Beach condos quite cheap for the taking. And since they have their own financial aid in their specific countries, they are not affected by the soaring interest rates that gripped Miami Beach.

It is true that the condominium market in Miami Beach is not as good as what the area experience in 2005, but the rising popularity and the increasing, yet low, real estate market is a sign of recovery in the next few months.


Price Deflation Of Fort Lauderdale Real Estate Perfect For Long-Term Investment

May 13, 2008

If foreclosures in Fort Lauderdale real estate continue to rise in the next few months, then the value of these residential units will continue to deflate; which is a perfect opportunity for acquisitions as form of long-term investments.

Mortgage Problems Continue To Deflate Residential Values

The U.S. housing slump brought much anguish to individuals in the real estate market in Fort Lauderdale. Unable to pay their mortgage loans, the number of foreclosure tripled this year, which caused the number of unsold homes to rise at an alarming rate. Despite these problems, interest rates on mortgage loans continue to rise, which makes it almost impossible for local investors in getting the finances they need to acquire such luxury.

But despite this issue, real estate experts and analysts all agree that this is a perfect opportunity to acquire properties for long-term investments. If the number of foreclosed units continue to rise, then it is quite possible that the prices for these real estate might go down – making it a good year for investing in one.

The median price of homes early this year slid down by 14 percent; thus arriving at an approximate value of $310,000 as compared to $360,000 in later months of 2007. If the number of unsold homes continue to rise, then it might be possible that the prices will dip even further to the advantage of many investors.

According to real estate agencies, the price deflation is affecting the entire nation’s real estate market. The National Association of Realtors reported that the median price of homes at $210,000 will continue to go further down in the following months.

Foreign Investors On The Rise

The deflation of real estate value in Fort Lauderdale did not go unnoticed from the watchful eyes of foreign investors, especially the case of European businessmen. Considering that the currency value of Euros are currently on the rise, while the U.S. currency is on the decline, many European investors are now buying out residential units in prime areas of the city as a form of long term investments.

It is true that the real estate market in Fort Lauderdale, as well as the rest of Florida, is on the path of recovery, these investors projected that the prices will soon soar to unimaginable heights; making it an ideal scenario for bigger profits in the venture.

The local investor is also eyeing the probability of a large return of investments in acquiring real estate properties in Fort Lauderdale. These investors are currently lying low in wait, hoping that the median prices will continue to go down for better deals. In truth, there is no guarantee whether the price will really go up, especially in the real estate business; considering the market is quite shaky in contrast to other business ventures.

Vanessa Arellano Doctor

Affiliate Marketing: Tips To Be Successful In The Business

May 7, 2008

Affiliate marketing is the latest trend in online business. Many individuals who are into it are now boasting of huge return of investments and profits by following in its wake. This is not applicable to everyone though, not everyone can be successful though like these people are.

To be successful in affiliate marketing takes a lot of time and effort, and results may not be seen immediately. That’s why only hardworking individuals are able to profit from its possibilities, many turn into quitters while being in the middle of it. Here are some useful tips to become one of the successes of the biz.

Ready Your Web Site

Since affiliate marketing is an online business, it’s only natural to have a Web site to start one. Get a good domain name that will fit the theme of your business. A good site name is quite useful in setting up your presence on the World Wide Web, but to your business as well.

You can either go for a free Web hosting service for your site, but there are disadvantages in doing so. Aside from the fact that your site will be embedded with banners from your free hosting service, you have no control over your own personal domain name as well.

Find A Niche

You need to look for a niche that will be the core of your affiliate marketing. A niche is any product that you will be promoting using your site. There are plenty of products you can use as a niche; successful or not, everything will depend on how you promote it to the masses.

When you start promoting your niche, you need to consider several factors to maximize the probability of success. First, you have to determine who your prospect customers will be. Next, you have to customize your site to using search engine optimization techniques so that your site, as well as your product, will be accessible to people online – you need to keywords for this.

Make sure that the keywords you use described your niche. You can use the keywords as your site address for easy access. You need to put keywords on strategic areas on your Web site, such as title, headers, body of your site, and so on.

Expand Your Web Presence

Now that you have optimized your site for various search engines online, you now need to expand your Web presence even further. You can do so by exchanging links with relevant sites that will help promote your product; or submit your link to different Web directories, since they can be a big help in letting people know that you exist. Visiting forums to advertise your product is a good strategy.

Note, however, that the results of your hard work will not be evident at first. But as you continue promoting your site and continuously updating its content, you are well on your way to become a successful affiliate marketer.

Vanessa Arellano Doctor

Turkish Pharmaceutical Company Deva Aims Double Income in 2 Years

May 7, 2008

The company will complete investments worth $100 million this year, he said, completing construction of five new factories. Turkey-based pharmaceuticals producer Deva Holding aims to double its sales within two years to become the third biggest player in the market, the company’s CEO Philip Haas told Reuters late on Tuesday.

New deals with global pharmaceutical firms for marketing their products in Turkey were possible “any time”, Haas said, after Deva signed a deal earlier this year with Roche Holding AG Deva aims to become number three in Turkey’s pharmaceutical market, Haas said. Deva’s market share in terms of units is 5 percent now.”I expect together with Roche products to double our sales within two years,” he said.

The company will increase its existing 80 million box production capacity to 350 million boxes this year, Haas said. The firm’s profits should rise in line with its sales, he said. Deva posted 22.146 million lira net profit last year and 464.08 million lira gross sales last year, Istanbul Stock Exchange data showed. London-listed EastPharma S.A.R.L. owns 82.24 percent of Deva, according to information on Deva’s website.

Turkish per capita pharmaceutical spending of $100 is very low by international standards, Haas said. “I expect the market itself to double in the next five years to $200 per capita,” Haas said. He said no acquisitions were on horizon and Deva eyes organic growth, and added that the company planned no big investments in near future.

“Next year we will have to digest the big investment we made last year and this year. So next year I do not think we will make a very big investment,” he said.
A planned sale of a 43.39 percent stake in Deva to Advent Pharma Holding collapsed in 2006 after Advent’s bank withdrew its offer for funds partly because banks were reluctant to take on Turkey-linked debt they could not pass on.

All Eyes on the Miami Real Estate Condo Market

May 6, 2008

The ever rising situation out there are getting a bigger and bigger attention from the media, as we all know the market of real estate in Miami has dipped significant number that we all have to be aware on it as well. There are reports about the sharp drop that have lured bargain hunters from around the world, but experts warn prices could drop even further. Miami has a new vice: bottom-fishing for condo bargains. Yes, I think that there is really some potential on this. As I’ve learned there are a lot of things to consider and one of them is this growing trend.

<p>Reports around the market have instructed us to see that home buyers from around the U.S. and abroad are descending on Florida to buy condominiums that have suffered sharp price drops amid the housing glut, sub-prime-mortgage crisis and credit crunch. Some are searching for investment properties, confident that home prices eventually will rebound. Others are hunting for vacation or retirement homes. Yet pitfalls abound, and experts warn that prices could dip even further. It is obvious and I think the majority of the belief in the nation is there will be continuous drop in prices as we move further.</p>
<p>For example, in hard-hit Miami-Dade County, condos originally costing as much as $1.4 million at the peak of the market now sell in some cases for $840,000, a 40% drop. Farther north, a coming auction at Solaire at the Plaza, a new condo tower in downtown Orlando, has set a minimum selling price of $170,000 on 24 one-bedroom units once priced as high as $296,000. The prices are getting cooler and that is luring some more potential home buyers and investors to the area. It is very much known and it&rsquo;s growing every time.</p>
<p>Throughout the year, especially in the first quarter of this year, such price drops have people like Bruce and Suzanne Bowen of San Juan, Puerto Rico, and stalking deals. The Bowens have visited Miami three times since November to scout for properties, and recently bought a two-bedroom, 1,200-square-foot unit on a high floor with water views in Miami’s fashionable Brickell district. The Bowens made their move after prices in the building fell to $290 a square foot from nearly $400 in September. Now, the couple is looking for a second condo. It is such a normal thing considering the high possibility of this trend to be in the market for quite a few more months.

Looking Back at Miami Condo Market’s Boom

May 6, 2008

A few years back, probably two years ago, the Miami real estate market was hot not just hot I mean it is steaming red hot and the hype was contagious. It is really on its own roll and beginning to give the entire state of Florida the sizzle. People have been lured for its combination of hype and trend and investors here and there busy on which property to invest next, it was on of those nice times. But now, it all changes, like everything in this world, the market have slowed down and the changes are really significant, so significant it started to hurt the entire real estate market in the state.

On a report I have watches on T.V., when ABC News shot a story about it in the fall of 2005, it called it “Boomtown Miami.” Old buildings were falling to make way for new condo towers that were selling out in just a few days. It was a good thing for Miami, it is definitely a great thing, the Boomtown, as it called is really making a move on the market and it is striking like a knockout punch. Kari Fernandez, a condo sales agent, said that “It was very exciting. It was an adrenaline rush,” and added “We’re talking almost 1,000 units sold in a week.”

Investors, speculators, flippers, everyone seemed to be making staggering profits at least on paper in a matter of weeks. It is definitely one for the books. People in the market are enjoying it, it was like a Christmas morning when you wake and see all these gifts under the tree. Across the country, the real estate market has gone flat, but nowhere like in Miami. Not that Miami is suddenly at a standstill: In the skies, flocks of building cranes compete with birds as Florida condos race to completion. Look around, and you can see a skyline transformed, with more than 100 new condo buildings now under construction, representing about 25,000 condo units due to be completed and delivered in the next 18 months or so. It was fast and it was really in the hot spot. It was dubbed as a favorite condo hot spot in the nation at that time.

That was about 2 years ago, right now we are in a different state, the other side of the table so to speak, we have moved and the movement was fast as well, although we think there is potential, potential investors thinks other wise and developers are avoiding new projects, focusing instead on completing construction and sales for all those buildings already under way. It’s a far cry from the adrenaline-fueled Florida mortgage loan boom of just two years ago. It was great to reminisce and think about how good Miami condo market was, but I think we still have chance, after all the lesson I’ve learned from 2 years ago is nothing last forever, and that includes, boom or bust.

Jron Magcale

Timing in with Miami Real Estate Market’s Boom and Bust

May 6, 2008

The year is 2005 and it was all the way living, it was some good years for the overall real estate market and it was a fun time for investors, developers and the buyers as well. Looking back when this was Boomtown in 2005, when ABC News did that first story, it met a young real estate lawyer and speculator named Richard DeNapoli. He’d bought four condos worth $1 million with a $200,000 down payment. DeNapoli was banking on a $400,000 profit for his four condos. And according to him it was on of his business highlights.

But today, those condos are nearing completion, and his expectations are more modest. DeNapoli has flipped his four units to other Florida home mortgage loan applicants, but for less than he’d hoped. Because he bought in early enough he’ll make a $275,000 profit and that is a big maybe. The worst-case scenario, he said, would be to break even or have to buy and then rent the units he speculated on. That is what this high-low movement of the real estate market is going. “It’s a stalemate right now,” DeNapoli said, “between buyers who have a lot of supply to look at and sellers who don’t want to budge on their asking prices.” Obviously he can’t believe the movement either.

Ok looking back in 2005 again, “The equation is that you have speculators buying units, and they’re trying to flip their contract to other speculators who in turn are trying to flip their contract to other speculators,” Jack Winston, an analyst with Goodkin consulting, saw a boom based on shaky foundations.” He also said at the time. “Somewhere along the line, you are going to run out of speculators.” Now, Winston is saying: I told you so. And I think that is fact considering the market’s state right now. It is unavoidable thus reality strikes in.

He continue saying that “Basically, we predicted at that time it was pretty close to a Ponzi scheme.” And adds, “And the last person is the one who gets hurt. And that’s basically what happened here.” Winston and others estimate that 70 percent of the Miami condo market was driven by those speculators in search of quick profits. “Probably some time around
September or November of 2005, it was as if someone turned off the spigot,” he says. “Since that time, new sales at condominium projects have come to a halt, practically a stand still.” It is more to a fault that the market is in a stand still mode and has been there for some reasons as well. The lesson on this is learned for sure. Analyzing the past few years of the market and its state now, it is hard to compare but the difference is obviously seen.

Jron Magcale

Focusing on Miami Condo Market’s State

May 5, 2008

We all know the growing trend that surrounds the Miami condo market and sometimes it picks us to the brain as we have to be aware on its rise and fall. The Miami condominium market has been good to real-estate investors. It has been reported that in 2004, the median sales price of an existing condominium surpassed that of a single-family home for the first time, according to the National Association of Realtors. Seriously it is just about time that we give it a look and get some necessary attention the Miami’s condo market.

This trend has held steady so far through 2005: The median sale price of a condo was $213,600 in September, compared with a median price of $212,200 for a single-family home, NAR reports. It is known that throughout the nation every condo in Miami has been something that people are looking at more than residential. Why not? Well for starters, it is the hottest thing out there in the market. The market for condos remains strong — condo-sales activity in September was 10.2% higher than the same month last year. But some question whether it will last.

Chip Brown, senior vice president and co-director of production of CWCapital, a national multifamily and commercial real-estate lender based in Needham, Mass. Speaking of his firm says, “There’s a lot of supply, and the demand has been significantly supported by speculative buyers rather than occupants,” says he says, “We’ve gone from being selective to extraordinarily selective in thinking about financing condo projects.” Right now, lenders are investing on it relentlessly and have been on its tail for quite sometime. Reality states that the majority of people are likely to invest on sexy picks such as the condo market than the residential.

For now I think that the market is condos hottest mark has been years back, but right now it is in the shaky stages, but have no fear because it will have progress sooner than you ever think it will be. It is more of a guessing game but the signs are positive in a way. It’ll not take long but what Miami condo real estate market has right now is definitely something we need to keep an eye into and consider as well. Let’s be honest we are all expecting a turn out and hoping for a better forecast maybe we’ll soon have that on a better state.

Jron Magcale

Seeking Light for Miami Real Estate’s Future

May 3, 2008

It has been a tough year for the Miami real estate market so far and the clouds are getting darker, it hasn’t been good to out overall market as of late and been on the down slope most of the year. But still hope is in everyone’s eye as there positive signs for the Miami real estate market as well as the rest of South Florida real estate market. One reason is the increased sales volumes, yes folks you heard it right there are reports that the increase sales volume have progressed real good. Existing home sales volume has been steadily improving since the last couple months of 2007, and that trend should continue with historically low interest rates and lower home prices.

It is reported that right now, around 50% or so off the peak sale volume, which mirrors the last downward real estate cycle that was way back 1986-1991, when we were at 55% off the peak sales volume at its lowest point. So developers reacted more quickly to this current market. This bodes well. The only exception to this may be certain pockets of the condo market, which Dr. Fishkind didn’t get into in much detail. Housing starts have slowed down at a faster during this downward cycle than in the one in 1986-1991. Also Miami-Dade County employment numbers still strong, Locals need a place to live as well and have a big impact on the real estate market, even in second-home-heavy Miami. And the employment growth was still strong in 2007 with 11,500 new jobs created, as compared with 13,200 in 2006. And population grew at a strong 15,000 in 2007.

There are few reports that high energy prices hurting second-homers that would otherwise buy in Florida; we all know that the high energy prices tend to impact a larger percentage of the states east of the Mississippi River. And when their economies are not doing as well, people from those states don’t buy as many second homes here in Miami. This is something to continue to watch as the energy problems play out this year. A side note about the South Florida and Miami rental market, will Miami rent prices decline? Well I believe the answer there is yes but as developers and capable 2004-2006 individual investors refuse to sell at a loss, and as wholesale investors gobble up large numbers of units from banks and developers, they will all rent out their units and wait for the top of the next cycle in a few years.

So, with that being said I believe that the movement of the market will be in good flow. There are other factors to consider but right now, those are the main things that make me decide that the Miami estate market will be in good faith. Let us erase the mentality of believing the hype and eventually getting swallowed by it. At least let’s forge some insights on whether it’ll be healthy for the market to go on in this state. The future looks nice.

Jron Magcale

Feeling Potential for South Beach and Miami Real Estate Market

May 3, 2008

How does the real estate market of Miami look like now and for its future? It is hard to guess but there are concerns that it will be a case of boom or bust, depending on what can happen in the future. There are predictions that in time, due to the high costs of insurance and taxes there will be a mass exodus of people from Florida, in which means that potential can boom the housing market upon anything else, in the contrary the people would likely shy away because of the negative results of it s market but nevertheless it will go places. But the trends show that while that may be happening on some scale, Florida is not at risk of negative population growth by any means. To start with, Florida’s population still grew at a net rate of about 180,000 in 2007, which according to experts is common for a recessionary cycle.

Although, Florida is the main and key retirement destination, there is still some competition throughout the nation. Yes, there is more competition for retirement destinations from other states like North Carolina, South Carolina, Tennessee, Georgia, Colorado and other states all over the U.S. but the number of U.S. retirees is growing at a rapid rate, and that means a much bigger pie for everyone. Even if that declines as inter-state competition increases, there is more than enough growth in the total number of retirees to continue positive growth in Florida.

Right now Florida’s share of the U.S. retiree market is around 10%, which is a relatively big number if you sum it all up. According to experts, 22.59% of people over age 65 move each year. The population over age of 65 is set to grow by three to six million every 5 years or so. So that means that we are looking at a 10-15% increase every 5 years in the retiree population that is likely to move.

Let’s face it Latin America loves Miami, Let’s not forget that Miami, which is a bit different than the rest of South Florida seems to benefit from all the extra money from Latin Americans desiring second homes during their good times and from Latin Americans seeking permanent escape from their country’s problems during their bad times. Miami seems to win whatever the cycle is in Latin America. They have been reported numbers of them luring in Miami, basically because Miami for them is as close as home that could be, that is nice and for the business side, boom is where it’s at.

Let’s go now to Miami’s resources, we all know that tourism and conventions are 2 of Florida’s big industries, and Miami was one of the few cities in Florida that had strong positive growth in both categories. Many people tend to eventually buy where they vacation, and with so many visitors each year there are bound to be takers, both short-term and long-term trends are pointing to a healthy Florida real estate market for years to come. In the end, with all the sun, fun and international recognition, who could have any doubts? I think that what Miami need now is just time to set it all up and boom, they’ll be good in the market once again. You just watch.

Jron Magcale