Archive for the ‘Real Estate’ Category
Monday, January 11th, 2010
Even though the recent run-up in prices of upper-end properties in British Columbia and the major appreciation in the Canadian dollar have dampened demand for luxury real estate in the country, the upper-end market still remains fairly strong. Demand is coming from several classes of investors and local homebuyers who are trading up their residences. The economic rebound, coupled with the recovery in energy, precious metals, and commodity prices will likely revive demand for upper-end homes in the region.
Different areas of British Columbia have seen demand for luxury real estate from different classes of buyers and investors. In the Greater Vancouver area, upper-end properties have attracted affluent baby boomers and Generation X and Y investors seeking new residences or leisure homes. Increasing wealth of the Chinese investors has also produced a major influx of investment money into luxury homes in Greater Vancouver, which has a large population of the Chinese and South Asian immigrants. Together with the Chinese, European investors have found their way into the Greater Vancouver upper-end real estate market. In recent years, high prices of energy, precious metals, and other commodities have increased the wealth of many Canadians, boosting domestic demand for luxury properties.
In the White Rock – South Surrey area, high-end properties have benefited from inward migration and leisure property demand from out-of-province investors. As it is the case with the Greater Vancouver area, international investors from Mainland China have been fairly active in the luxury real estate market in the area. Notwithstanding the recent slowdown in the Chinese economy, demand from the Chinese buyers is likely to remain strong, especially as the global economy stages a comeback.
In the upper-end market in Victoria, aging baby boomers, usually trading up to more expensive homes for retirement, and local buyers from Ontario and Alberta have been the most active buyers in the market. The trading-up activity has been revived by the recent drops in values of luxury properties. This will probably intensify as the local market moves to more balanced-market conditions.
In Kelowna, demand for luxury real estate has traditionally come from the retirees and the aging baby boomers, especially those who have experienced large increases in their net worth. The vast majority of purchasers is traveling from Alberta and Vancouver. In the past, international investors, especially Americans, have been a prominent force behind demand increased for upper-end properties in the area. However, the economic downturn and the collapse of the U.S. dollar have dampened the Americans’ interest in the luxury real estate in Canada as a whole and in Kelowna in particular.
Given the substantial appreciation in Canadian housing values, along with a strong Canadian dollar and the major decline in the home prices in many international markets, such as those in the United States and the United Kingdom, luxury real estate in British Columbia has lost appeal among many international investors, especially the American. Some local investors, attracted by double-digit drops in housing values in the United States and charged with a major increase in the Canadian dollar relative to the U.S. greenback have moved south of the Canadian border in pursuit of discounted U.S. real estate.
Still, many domestic buyers have remained loyal to the local market. As a result, markets with a high exposure to local purchasers, including those from commodity-rich provinces, are likely to continue to experience strong demand. The recovering global economic activity, which has already caused energy and commodity prices to spike to the highest level in a year, is likely to give a boost to the market in the coming year.
This is just a snapshot of Vancouver luxury real estate market. Talk to a Local real estate agents about the new investment option in BC Canada.
Posted in Real Estate
Monday, January 11th, 2010
Travel officials for the Cancun real estate market said at the beginning of December 2009 that the recovery of the shoreline damaged by storms is going well and there’s already a “very noticeable advance” in the project. The Cancun Convention and Visitors Bureau said, “the investments will reinstate approximately 6.9 miles (11.1 kilometers) of Cancun’s coastline between Punta Cancun and Punta Nizuc, creating a spectacular beach oasis with more than 131 feet (40 meters) in width.”
Authorities have spent more than $71 million dollars on improving the small proportion of beaches in Cancun and the state of Quintana Roo that were damaged. Since September 4th, 2009, more than two thousand tons of sand have been pumped into the effected beaches in the Cancun real estate zone. Officials say that in total they will deliver 1.3 billion gallons (6.1 million cubic meters) of sand to the Cancun hotel zone beaches in total.
Safety is a top priority with hoteliers, contractors and the CFE (Federal Electricity Commission) taking the maximum measures to guarantee the safety of all tourists during the beach recovery process. The project, which will greatly benefit Cancun real estate, is funded by federal and state governments. Experts looked at a range of factors before initiating the project, including weather cycles so they could choose the best moment to replenish the beautiful Caribbean white sand beaches.
The project’s Chief Engineer, Carlos Espinal, said the main purpose is not only to replace sand, but to provide a long-term solution that respects the environment. The specially chosen sand remains cool in the sun and has a high density that works well together with the current sand.
Although only a small part of the Cancun real estate market was effected by the loss of sand, mainly in the hotel areas, the return of the coastline to its previous pristine state is also being welcomed by owners of vacation homes and residential Cancun real estate.
Article by Ian F. Campbell at Investment Properties Mexico, experts in Mexico investment property.
Visit the author’s website to find out more about the area and Cancun real estate
Posted in Real Estate
Monday, January 11th, 2010
Originally founded in 1955, Rollingwood is located just six miles west of the state capital of Austin. As such, residents of Rollingwood enjoy easy access to all that Austin has to offer while still being able to live in a small community that is ideal for raising a family or for those who simply wish to get away from the hustle and bustle of the city while still being able to easily access all that it has to offer.
Found on the West bank of Lake Austin, Rollingwood is home to about 1,500 people. Thanks to its proximity to Lake Austin, Rollingwood residents are able to enjoy a wide variety of recreational opportunities. Some activities that Rollingwood residents regularly enjoy include:
• Boating
• Fishing
• Sailing
• Scuba diving
• Water skiing
There are also opportunities for wildlife viewing throughout the Lake Austin area. In addition, the city is home to a public park featuring a private swimming facility, a playscape, a pavilion and softball fields. Community events also occur within the community on a regular basis, including an annual parade put together by the Rollingwood Women’s Club each Fourth of July.
In addition to being able to enjoy recreational opportunities on a regular basis, the children of Rollingwood are also lucky enough to be educated through the Eanes Independent School District. The Eanes Independent School District is one of the most acclaimed school districts in the state of Texas and is widely renown for its dedication to excellence. In fact, all of the schools within the district have received an “Exemplary” rating from the state of Texas. Only 9.5% of districts throughout the school have received this ranking and Eanes Independent School District is one of only two 5A districts in the state of Texas to receive this designation in 2009.
Out of the 489 households found within the community, nearly half of the households have children below the age of 18. Furthermore, nearly three-quarters of the homes are occupied by married couples. Still, Rollingwood has a diverse population, with nearly 8% being headed by a female head of household and nearly 16% being classified as “non-families.” Furthermore, approximately 6% of the households are made up of someone who his 65-years-old or older and who is living alone.
The residents of Rollingwood also enjoy a handsome income, with the median annual household income being $108,835 and the median family income being $117,851. Male residents enjoyed a median annual income of $86,197, while females have a median annual income of $43,125.
Although it is a small community, Rollingwood is also home to a wide variety of unique architectural styles. While there are still many homes leftover from when the community was first established, the community continues to undergo redevelopment. In addition, a variety of commercial districts have been developed within the community, offering residents easy access to a variety of eateries, professional offices and retail businesses. The community also maintains its own sewer, water, garbage and police services.
Guthries is a top producing agent selling Rollingwood Real Estate.Her team at Cantera Real Estate also sells West Austin Lots, farms, and ranch properties.
Posted in Real Estate
Monday, January 11th, 2010
Established in 1850, the community of was aptly named for a large that was located in the bed of Brushy Creek. Located within Williamson County, is part of the fastest growing county in the state of Texas as well as one of the fastest growing in the country.
Thanks to its long and colorful history, the community of features numerous buildings and homes that are of historical significance. One example is the historic St. Charles Hotel, which was built in 1850. In addition to its historical significance, is also part of the beautiful Texas Hill Country, which means residents of enjoy breathtaking vistas of rolling hills and close proximity to a number of lakes and rivers.
Although is only 16 miles away from the city of Austin, it still features lush wooded hills, limestone cliffs and access to a wide variety of outdoor recreational opportunities. In addition, despite being home to more than 61,000 residents, still manages to maintain a small town community feel while providing residents with easy access to a number of amenities. In fact, children regularly enjoy spending time together fishing and swimming in Brushy Creek or participating in other activities that regularly take place throughout the community.
The proximity of to Austin makes it easy for residents to take advantage of the multitude of dining, shopping and cultural opportunities available in the capital city. In addition, residents enjoy a short commute to the numerous employment opportunities that the city has to offer. At the same time, residents don’t have to travel to the city of Austin in order to access excellent dining and shopping opportunities. In fact, is home to some of the best restaurants in the area and boasts more than 140 restaurants. There are also several shopping malls located in Round Rock, offering more than 60 retail stores at each location.
Round Rock residents also enjoy excellent educational opportunities. Adults can easily access seven different community colleges available in the area, while children who live in Round Rock attend the acclaimed Round Rock Independent School District. The Round Rock Independent School District is known for its well-rounded approach toward education and for achieving test scores that outpace the rest of the state. In all, there are 37 schools within the Round Rock Independent School District with more than 30,000 students being serviced.
Thanks to its convenient location near to the city of Austin, residents of Round Rock enjoy taking advantage of the attractive employment opportunities the city has to offer. As such, the average household is a handsome $60,354 and the average home value is $119,600. Residents of Round Rock also enjoy a lower unemployment rate than the majority of the country.
Crystal Guthries is a top producing Realtor at Cantera Real Estate, and her company website features Round Rock Real Estate as well as other areas. Crystal Guthrie can be reached at her office in West Austin.
Posted in Real Estate
Monday, January 11th, 2010
So what could possibly go wrong? The list that follows is just a small sample: The property is advertised as having access to transport, but when you move in the service is poor and infrequent.
When you inspected the property, you didn’t check out the immediate neighborhood. The entire local chapter of the Hell’s Angels lives behind you.
It was so beautifully presented that you didn’t notice the electricity tower behind the trees in the back yard.
Those solid timber fence posts are riddled with termites.
The water pressure is so poor that when you start the dishwasher, the other taps dry up. An buyer’s inspection is usually only a cursory “look-over”, especially if the residence is occupied. In someone else’s home, it’s uncomfortable poking around, or moving the couch aside to check the paint job.
While a professional building inspection will highlight structural defects, it generally won’t find the things already mentioned, simply because it’s not designed for that.
Reducing the risk to the buyer
Engaging a buyer’s agent can take the apprehension out of buying property. Here’s what you can expect:
Evaluate the buyer’s criteria and present only relevant properties
Preview properties on the purchasers behalf or accompany the buyer to inspections
Bid at auction on behalf of the purchaser Negotiate with the seller, with the purchasers interests in mind
Structure an offer, and present it to the seller’s agent, or seller
Arrange mortgage brokerage services if required Assist with pre and post settlement issues
The difference between a buyer’s agent and a real estate agent
A buyer’s agent does not sell real estate. They work on behalf of the buyer, not the seller They present the purchaser with all the information they need to make an informed decision, without the sales “hype”
The benefits of using a buyer’s agent Uses their networks to find as many relevant properties as possible
Saves time – they do all the leg work to get a short list
Uses professional negotiating skills to get the best price
Less stress and frustration – the buyer only sees properties that meet specified criteria, not every listing a seller’s agent is trying to move off their books
Finds the right property in a good location that will attract capital growth There is a fee for using a professional buyer’s agent, but that will be easily recouped by buying a quality property that increases in value.
hot property specialists (http://hotpropertyspecialists.com.au) can show you how a professional buyers agent can get you into the best home or investment property for the least amount of money and hassle possible
Posted in Real Estate
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