How to decorate a home for prosperity

This is the fragment of an interview with him to the renowned interior designer, Candice Olson for the television network HGTV. This Canadian is quite right, and you do not need to have the walls lined with gold to feel prosperous and live in a place of abundance.

How pleasant it is to open the door of your house and feel that you are immensely prosperous and thriving, your space besides that gives you peace and harmony.

To achieve a home that reflects abundance is not necessary to purchase very expensive furniture, just enough to keep order, make good use of colors, furniture and accessories, have a good decorative design and especially to surround yourself with objects that you are always remembering that you live a full life.

Then I'll give you some pills feng shui decoration and so you can achieve a prosperous and abundant home.

* The vivid colors like red, dark green, purple and blue give us a sense of wealth. Not to say you paint your house with these colors, if they are too strong for you pick a wall and paint it one of these tones. You can also place gold and silver accessories, this will give another nuance.

* Argentina's renowned writer Mabel Iam, in an article written for the siempremujer website talks about the colors; and what are the best practices for attracting wealth, "Green helps create harmony opening economic opportunities. Amarillo, increases creativity. White opens the way to wellness. "

* Place fresh in your living room flowers. Bright and cheerful, for example, pink gerberas, red, yellow, orange, sunflowers, daisies, colors etc. Recently on his twitter, Feng Shui specialist Audrey White chrysanthemums recommended because they are flowers that attract good luck.

* Keep the toilet lid closed and drains and the bathroom door to prevent escape wealth around.
Place pictures that symbolize prosperity or images of those objects you want to own. Remember that all this goes to your unconscious.

* A good trick is to place a platter or bowl with many coins you can accompany with Chinese coins and bills, if you prefer.

* Place a water fountain in your space, because this also adding a point of calm at home also symbolizes the flow of money.

* In your dining room placed a beautiful fruit arrangement and install a mirror that reflects back to the table, this symbolizes the multiplication of food in your house.

* It is said that plants are a good conductor of abundance, then intégralas to your decor, the most recommended are the jade plant or all those rounded leaves and of course the Lucky Bamboo.

* Finally, I remind you that it all starts within you, so try to keep a positive vibration, can help you with positive affirmations, which can repeat mentally or, you stick them in a visible place in your space.

Home sales fell 6.1% and announce the end of the housing boom

The housing boom is over. This was stated yesterday by the research manager of the Chilean Chamber of Construction (CCHC), Javier Hurtado, reporting a 6.1% drop in home sales noted in the Greater Santiago during the second quarter compared with the same period last year.

This is the largest decline for that period since 2010, when a drop of 26.2% was reported.

"There is talk of boom when sales depart upward from historical trends. In 2012 occurred the phenomenon. Now we are not moving away upward trend, but the figures show that we are under her. No longer boom, it's over that, "Hurtado said.

The drop in home sales occurred in houses and apartments, low of 12.8% and 3.2%, respectively.

Hurtado said that "during the period from April to June 2014 home sales fell below its long term trend, having been aligned with this in the immediately preceding quarter."

In the first six months of this year were sold in Greater Santiago 17,494 households, implying a decline of 0.6%. Of the total, 12,764 were for departments and units to 4,730 homes.

According CChC Santiago Centro lost share in the sales department, going from 32% in the second quarter of 2013 to 19%; still continues to lead this segment. Commune Central Station, whose participation in sales departments increased from 8% in the same quarter last year to 12% in 2014 appears on the opposite sidewalk.

Regarding the demand for apartments, it continues to focus on properties whose value is between 1000 and 3000 UF UF, reaching 71% of sales during the second quarter, while those exceeding 4,000 UF concentrate 17%. In the case of households, those with a value of less than 1,000 UF exhibited low participation due to the shortage of units in this segment.

Regarding the mode of sale, green homes in this quarter maintained a high turnout. Regarding departments, reached 83% of the units sold, while in homes accounted for 86%.

As for the size of homes, over 50% of departments had sold less than 50 square meters, while in the home segment, 53% of the demand concentrated on units up to 90 square meters.

According to the Real Housing Price Index in April-June the price of apartments in Greater Santiago recorded an annual rise of 13.7% and homes rose 7.9%.

Hurtado added that "the supply of homes decreased 12% in 12 months, due to the supply of apartments fell 14% and home, 2%."

Today 12.1 months needed to deplete the stock available: 13.5 months for departments and 8.5 months for homes.

2011 A Good Year For Investments In Real Estate In Mexico

2010 was the best year for real estate investment in Mexico because yields had a 17% increase this year at reaching one of the best places in the world for their performance in the Index of Prices and Quotations on the Mexican Stock Securities and expected to in 2011 keeps the same pace.

The Mexican stock market capitalization was valued at approximately $ 488, 000 million, a record 11% above the maximum (pre-crisis) of 440, 000 million dollars.


According to Jorge Alegría, deputy general manager of market and information of the Mexican Stock Market prospects for the Mexican stock market are positive forward though perhaps more moderate growth for 2011 to 3.5%.

The international real estate environment facing an environment of economic instability and fragility so in 2011 is expected to be less volatile than in 2010 when the Mexican Stock Exchange suffered a lot of uncertainty and insecurity.

Factors influencing growth in the CPI (Index of Prices and Quotations) in 2010 were mainly foreign investment as well as financing through the stock market hit a record high of 37, 750 million pesos, which turned 2010 the best year to provide resources to businesses.

This year 2010 is in the highest levels of available cash flow back to the previous operating the crisis in the economy, this condition also favored the market value of securities of Mexican companies have recovered and achieved improvements in their situation financial and decreased levels of leverage.

So closes the year with new opportunities for growth and taking advantage of opportunities that were presented, hereafter perhaps the upside potential market is more limited by what the future rise depends on the growth and expansion of the profits generated by Mexican firms.

Shortage of cement and rebar affects execution of eleven works approved

Ciro Colmenares, Chief, Division of Civil Works expressed concern at the lack of supply of raw materials such as cement and rebar for the implementation of the 11 projects approved by the Inter-territorial Compensation Fund, to develop this year.

"So far they have been approved 11 works for a total of 4 million 357 thousand bolivars of 50 projects submitted by the Mayor to the FCI, to be implemented this year, but these jobs have been affected by the lack of raw materials , problem afflicting the national system of construction, "said Colmenares.

Among the works that are awaiting material are: "Construction of Gabion Wall in Main Sector road Madre Juana, San Sebastian Parish"; "Replacing Stormwater Collector, located on Main Street Marco Tulio Rangel, Vereda St. Hedwig Parish La Concordia"; "Conservation and Improvement of Rural Aqueduct sectors Barrio Bolivar, La Villa, Santa Teresa and Santa Cecilia, San Juan Bautista Parish"; "Improving Stormwater Collector, Barrio Marco Tulio Rangel II Highlands La Concordia Parish"; "Improving Stormwater Collector, Barrio Marco Tulio Rangel, Concordia Parish."

Besides the "Construction of the Wall of the Quebrada Bermeja the end of the race 8 at the Neighborhood Guzmán Blanco, San Juan Bautista Parish (1st Phase)"; "Continued Construction of Water Collector Vega served in the Ink, San Sebastian Parish Sector"; "Continuation of Road Improvements Sector Brisas El Pinar, San Juan Bautista Parish"; "Construction of the Private collectors and Andrés Bello Barrio Los Mangos, La Concordia Parish"; "Construction of Rigid Pavement in Road Chaucha table in Paramito Sector", "Conservation and road improvements, construction Collector and Stormwater Served on Calle La Candelaria Passage of Machirí San Gabriel, San Juan Bautista Parish"; "Construction of the 1st Stage of the Wall Containment Area Lourdes Parish Pedro María Morantes".

Colmenares said that the shortages affecting the rule and therefore the town, affects start of works to be executed during 2014, noting that there are important works such as rehabilitation and improvement of various road arteries in the five parishes comprising the town, construction of aqueducts, wastewater collection, wastewater collectors, rigid pavements, retaining walls, among others.

Note that these works were approved by FCI, and have the financial resources for their implementation, are just waiting for the supply of cement and rebar for they continue that are already running, and to start you are scheduled.

Works on hold

Among other works that are waiting for resources are: "Construction of Wastewater Collector Street Spring and Vereda The Effort, Sector" C "in San Rafael Llano Road"; "Continued Construction and" Construction of Rigid Pavement, Calle El Porvenir (stage II) The Concordia) "; "Improving Public Lighting Sector Pedro María Barrio Libertador Parish Morantes"; "Patching and Upgrades folder bearing with Hot Asphalt Pyrenees Pedro II Mary Parish Morantes Sector"; "Improvements Served Collector and Stormwater, Street 1 Neighborhood Ambrosio Plaza, Parroquia San Juan Bautista" and "Consolidation of Wastewater Sector Vereda La Popa 3 Parroquia San Juan Bautista."

Investment in real estate in Colombia PTO

The growth of the economy and the incentives to invest are some of the elements that create opportunities for housing, offices, hotels and commercial establishments, among others.

Hotels, offices, convention centers, warehouses, free zones, industrial and housing projects are part of the menu of investment opportunities in Colombia, which has broken all records after entering a period of economic growth and foreign investment has located as one of the most attractive countries for business.

This upward trend was confirmed by the National Bureau of Statistics, for in the last twelve months to January, accumulated an approved 23.4 million square meters, representing an annual increase of 28.2 percent area.

Bogotá is the most coveted region for investment, followed by the departments of Antioquia and Valle.

According to the organization, projects for wineries were the best performers, up 67.2 percent; then there are approvals for offices, with 58.1 percent; trade, 56.1 percent; housing, 30.4, and hotels, 14.7 percent.

Even more important, the consolidated permits: 23.7 million square meters, which exceeds 19.2 million in 2007, which was a record year industry.

The case is relevant in the hotel, if you consider that the indicator initiations of new works at the end of 2011, scored with an increase of 129 percent.

In fact, major hotel chains in the world have come to the country with projects that explore the integration with housing, retail and offices to put together a complete package that attracts potential investors.

According to the building contractor, Luis Fernando Correa, the number of hotels must be close to 1,700 rooms and around 64,000, including projects on site.

"Some consider these excessive numbers, but we need much," says Correa, adding that "to grow significantly we take the next ten years at least another 50 thousand rooms."

MORE HOUSING AND OTHER

The Colombian Chamber of Construction (Camacol) highlights the performance of social housing (VIS), linked to the figures reported in Bogota and Cundinamarca, which in 2011 accounted for 47 percent of the total.

"Participation in the allocation of government subsidies, which strengthened the demand, and the start of several developments associated macroproject Green City in Soacha (Cundinamarca), were instrumental in the process," said the organization.

Camacol also highlights the growth in commercial locations (64 percent), Wineries (69 percent) and offices (29 percent), which analysts have been given to believe that 2012 will be the year of these markets.

"In shopping malls is revalued and the threat of oversupply, however, there is room to grow, especially in intermediate cities of over 300,000 inhabitants," says Felipe Bernal, construction manager Pedro Gómez y Cia.

For Roberto Caceres, director of real estate services firm, Colliers International Colombia, "the country has twelve cities with over 400,000 inhabitants and an expanding middle class, which means that there is an attractive market for supermarkets and trade in general. "

In the same vein are the offices, said the executive, who highlighted the case of Bogotá, which manages the largest inventory in the country: "The net absorption of office in the capital during the second half of 2011 was 203,979 square meters, a record historic. "

INCENTIVES TO INVEST IN FREE ZONES AND HOSPITALITY

The real estate sector in Colombia has established several exemptions and benefits, including tax users EPZ incentives. They enjoy the exemption from payment of income tax (35 percent) and complementary remittance (7 percent) on the proceeds of the annual sales of goods and services into foreign markets.

Similarly, goods for production (machinery and equipment, raw materials, supplies and spare parts) from abroad, intended for industrial users are exempt from import duties, ie, tariffs, the value added tax or sales tax, and only the rights to the foreign component is incorporated cause.

Investment in hotels also enjoys exemptions, because the income from accommodation services in the first works executed between January 2003 and December 31, 2017 are exempt from income tax by treinjta years.

China tries to prop up a falling property market

In order to combat the growing lack of confidence in the real estate market of China, local governments are releasing restrictions on who can buy houses, offering incentives for those who can, and returning to the previous price control.

The means of the Communist Party also began to talk about the latent potential of the market, in what appears to be an attempt to bolster confidence in housing prices.

However, through China, real estate developers are struggling to get rid of inventory, using unorthodox techniques sales suggest a deep concern for the future.

A collapse of real estate prices would be catastrophic for the Chinese economy: the vast majority of Chinese wealth are invested in housing and real estate industry has been the engine of growth during the last decade.

'Saving the market'

In the intermediate cities throughout China, which are still huge compared to global standards, officials relocated restrictions that existed a few years ago in order to get people to buy more houses. Such measures are known in Chinese as "Jiushi" or "saving the market,"

Wuhan, a center of transportation in central China on the banks of the Yangtze River, encourages college students to travel there to study. They can get a local residence permit upon graduation, winning local employment, and most importantly, buy a house, as dictated by the new policy.

The official residence status in Chinese cities is controlled by the regime through what he calls the "hukou" or household registration system, which acts as an internal mechanism visa or passport within China.

People born in the country are relegated to rural hukous. Without a city hukou, they second class citizens to move to become a city, unable to send their children to school, or buy apartments or cars.

Other cities promote local hukous promise in exchange for the purchase of homes, according to Xinhua, the official Chinese news agency.

The city of Wuhu in Anhui Province in Central China canceled the restriction college graduates need to complete three years of full-time work before receiving grants for a first home purchase.

Zengchen and Conghua two second-tier cities in the province of Guangzhou also began to put restrictions on home prices, credit, inventory, and identity of the buyer, which was added in past years in an attempt to make the market does not unstable.

Because the restrictive economic policies, which are an essential part of the model of the Chinese regime for economic growth, have channeled a large portion of household income on housing, even minor changes in policies, amplified by the vast population of China, may have an effect immediate and significant.

But such measures can be at best a temporary cure. Signs of a slowdown are inexorable everywhere.

deceleration

Deutsche Bank AG said in a report on June 13, according to Bloomberg, which cut prices only after 10 or 15 percent, developers were able to get an acceptable sales volume.

Official data show that from April to May, household prices declined in 35 of 70 cities, something unseen since May 2012.

Prices of capital goods in large companies listed Chinese roots in the U.S. also stumbled this year, SouFun a real estate website, losing 25 percent of its value in June, and E-house China Holdings Ltd., Chinese property agent, down 13 percent.

Property Market Index Shanghai fell 6 percent this year, reflecting the fortunes of two dozen real estate companies that monitor the.

Li Junheng an analyst at the Chinese economy of Warren Capital based in New York, recently told a newspaper that "larger cities including Shanghai are seeing price reductions both within and outside the inner ring road, 2 - 3 percent and 8-10 percent, respectively. "

The newspaper also said the slow economy led to high-end retailers to open new stores in shopping malls and large real estate projects make discounts of up to 50 percent. Even the always confident VIPs traveling to Macau's casinos were minimized.

"We think the market dynamics are significantly different from those of 2008-09 ... and 2012 ... when the market is seeing a fundamental and structural surplus, and a feeling of low energy," wrote Li Junheng.

taking Internet

The People's Daily, mouthpiece of the Communist Party, is on the defensive about the settings of real estate policies.

"Real Bears have ulterior motives, ajustamientos prices are normal," said the headline of a recent story.

"The real estate agreements have tended to decline this year, bringing suddenly shouting 'collapse', 'tipping point', 'bank runs' and other pessimistic theories," the newspaper said.

Actually, this is all part of a "normal adjustment", the newspaper said, setting the Party line in the politically correct way to see the real estate market.

Other officials were more sober. Pan Gongsheng, the vice president of People's Bank of China, said at a recent forum, as paraphrased quote, if the people of a country keeps its wealth in real estate, can bring many problems to economic development, leading to a real estate bubble it explodes and brings an economic crisis.

Latin Encourage Construction in Miami

Crossing the bridge from the Brickell area to downtown Miami, softens land a punch against Biscayne Bay while twenty workers with protective helmets load long iron rods in the place where another tower is built.

After five years of inactivity by the housing crisis of the late 2000s, the construction of buildings in Miami flight has risen again from the very wealthy Latin American buyers, mainly from Argentina, Venezuela and Brazil, seeking to diversify their investments and protect their savings buying expensive new properties in a city where you feel comfortable and safe.

There are 21 buildings under construction and preconstruction in the area, with a total of just over 6,700 apartments, according to a Miami Report ISG report, published in February. The average value of each unit is $ 400,000, but some duplexes in the most luxurious buildings in the area are offered at over 20 million.

Just over 60% of international buyers of South Florida are in Latin America, mainly from Venezuela, Argentina and Brazil, according to a 2013 report from the Association of Realtors in Miami. The rest are Canadians, Europeans? German, French, Spanish? and Russian, among others. There are cases in which 80% of buyers of a building are Latin American.

"It is thanks to the construction marketplace has started back," said Diego Ojeda, vice president of Rilea Group, a construction company that resumed their work in the area in January this year with the construction of a 44-story building in the heart Brickell.

"If there (the Latin American buyer) would be dead," he said, meanwhile, Liliana Gomez, director of international sales at ISG, a company dedicated to marketing products to build luxury South Florida.

Latin Americans, who helped the market at first buying cash condominiums whose values ​​fell on the floor during the crisis, are now building a new form of financing apartment building in South Florida brought by the Melo Group of Argentina.

Is payable in advance up to 70% of the cost of the property, in a phased manner. The rest can be paid in cash or financed by builders or bank once the department has been delivered. It is a system used for some time in some countries in the region, including Argentina, but again in Florida.

Local buyers, explained to the AP several experts, can not access these apartments as banks are not offering them funding as a result of the crisis and they do not have cash to make required deposits by builders.

Alicia Cervera Lamadrid, the realtor sells condos over a dozen buildings preconstruction area, estimated that between 60 and 70% of the buyers of those properties in the center and the financial district are Latin American, and Americans rest and Europeans.

"Many people buy to rent, to have an income, and believes in the appreciation of fine ... Miami continues to improve and then imagine it will be one of the great cities of the world and sees it as a good place to put your silver, "said Carlos Rosso, president of the condominium division of Related Group of Florida, which had losses of about 1,000 million dollars in 2008, during the housing crisis.

Related, whose projects were resumed in late 2010 after two years without building anything, has 15 works in the Miami area under construction or in preconstruction approval process levels. All were funded with deposits of at least 50% of the buyers, who are 80% of Latin America, Rosso said.

Other Latin Americans use the apartments to vacation or live there part of the year, according to interviews with experts and owners.

Alyce Robertson, executive director of the Downtown Development Authority of Miami, known as DDA by name in English, explained that buyers prefer the Latin American financial and downtown Miami area by urban life, the restaurants, the possibility of walk the streets safely, or to opt for a public transport route as the train or tram, and cultural offerings of museums and theaters, plus the warm weather and the proximity and ease of travel to their countries offering city.

These were the reasons that convinced the Venezuelan Nelly Fernandez to buy a two bedroom apartment for $ 390,000 in building boutique Le Parc Brickell area even before construction began.

In late 2013 I made a first deposit of 10% thinking it might make the apartment with her three daughters aged 24, 19 and 18, or rent if the monthly maintenance costs were very high.

"What am I threat (in Caracas) is the issue of insecurity," said the real estate agent of 53 years, often traveling on vacation to the city at least three times per year.

"I bought in Miami because I like the city, in case you need to move the situation in the country," Fernandez said, referring to the climate of social unrest in Venezuela. He explained that the investment made with money I had saved on a U.S. bank before the Venezuelan government imposed control regulations buying the dollar in February 2003.

"People buy because they nationalized their own country, they attack, they put taxes, no public insecurity," said Arturo Porzecanski, director of the Program for International Economic Relations at the American University in Washington. In some Latin American countries, the academic said in a recent phone interview with the AP, "There are all kinds of disincentives to investment and hence a number of incentives to invest abroad open."

Both Argentina and Venezuela there is a strong change control and restrictions to take dollars abroad, but that does not prevent capital flight.

In the past 10 years have left Venezuela 144.900 billion, according to estimates by consulting Ecoanalítica based on official figures.

In Argentina, capital flight nearly doubled since 2002, when it amounted to 90,000 million, reaching 180,000 million 2012, according to information from the National Institute of Statistics and Census, an official entity. The authorities have even admitted that total offshore wealth could be much higher: 400,000 million.

Porzecanski and other experts consulted by the AP explained that some of those who buy apartments in Miami do with dollars that were already in foreign banks or other investment money already held in the United States.

"All quarters out billions of dollars in these countries. There are many ways to remove them, some buy dollars from the central bank, other under-invoicing exports or over-invoicing imports," said the academic, but warned that there is no national law that prohibit or discourage the purchase of assets abroad, whether in stocks, bonds, or real estate.

The embassies of Venezuela and Argentina did not respond to emails from the AP to discuss the issue.

Construction of houses in the U.S. rose 2.8%

Housing starts in the U.S. rose 2.8% in March and reached an annual rate of 946,000 units, the highest in three months, the Commerce Department reported.

The government also revised its figures for February month and indicated that the rate of construction of 920,000 units in the year was reached, that is 13,000 more than the preliminary estimate.

Most analysts had estimated in March an annual rate of 990,000 units building.

Despite the increase, last month the start of construction of houses was 5.9% lower than in March 2013, which represents the largest annual decline since April 2011.

Last March the pace of construction of houses I rose 6%, to an annualized rate of 635,000 units. Construction of multifamily units, such as apartment buildings and condominiums, fell 3.1% and remained at an annual rate of 311,000 units.

Building permits, which are an indicator of future activity, fell 2.4% in March to 990,000 in the year. Most analysts had calculated that the annualized rate of 1.01 million permits reach.


The U.S. industrial production in March was 0.7% higher than the previous month, according to the Federal Reserve (Fed).

The Fed also revised its figures for February and noted that industrial production rose 1.2% this month.

The advances mean that the country's industrial output grew in the first quarter to an annual rate of 4.4%.

The manufacturing sector, which accounts for nearly three quarters of industrial production grew by 0.5% in March after a 1.4% increase in February.

Improve sales and prices of homes in Florida

The home sales in Miami-Dade continue to rise as their prices, although these still remain at the level of before the housing bubble, according to the Association of Realtors in Miami.

"The majority of homes sold in the county in the first quarter were below $ 200,000, and prices remain what they were in 2003, creating opportunities for all types of buyers," said the resident president of this group, Francisco Angulo.

"Despite record demand for property in Miami, affordability remains a reality," he added.

According to the report of the first three months of the year, the increase in demand for both foreign and domestic buyers boosted the real estate market in the county.

"After three years of record sales in Miami, it is remarkable that the local market is experiencing strong results exceed demand last year," said Liza Mendez, president of the Board of the cluster.

"Despite strong demand for properties in Miami, increased inventory is creating a more balanced market between buyers and sellers," said Mendez.

The average price for home sales in Miami-Dade was $ 230,000 during the first quarter of this year, an increase of 11.8% compared to last year, while the average increased 15.7 percent to $ 187.500 .

According to the association, which brings together about 30,000 real estate agents, and are nine consecutive increases in single-family homes and condominiums in Miami-Dade County.

During the first quarter, 6,752 homes and condos, up 3.8 percent compared with the same period in 2013 were sold.

The association said sales of single-family homes rose 7.4 percent, with sales of 2,893 homes, while condo sales rose 1.3 percent to 3,859 compared with the same period of 2013.

Florida was the epicenter of the bursting of the housing bubble in 2007-2008, which among others, was characterized by the collapse of the subprime or high risk.

Real estate market in Miami-Dade advances its recovery

The tax basis of properties of the Miami-Dade County increased 6.5 percent compared to last year, the biggest gain since the historic collapse of the housing market that greatly damaged the economy of the region and forced the local governments to tighten their belts to survive.

"The center and oceanfront homes go ahead. These areas are stronger than the western suburbs and the south end of the county, "said Lazaro Solis, property appraiser of Miami-Dade. "Apparently we have a very strong market for real estate. We have taken a drastic turn up in poor areas, although there are still things to improve. "

For some municipalities, the largest growth than expected means at least a relief when balancing the budgets for fiscal years beginning on or after 1st. October. But for others, especially Miami-Dade County, which has a budget gap of about $ 200 million coming until next fiscal year, a larger taxable income will not solve the problems.

Among the municipalities that enjoy robust earnings are Miami Beach (9.4%), Surfside (17.6%) and Sunny Isles Beach (11%). Which had weaker results were Florida City (down 1.3%), Opa-locka (down 1.5%) and Medley (down 2.6%).

"For the most affluent neighborhoods are doing better than those who are not wealthy," Solis said. Liberty City and north-central area of ​​the county, for example, are moving more work to recover from the sharp drop in values ​​that took place between 2008 and 2011.

The growth in property values ​​in Miami-Dade, a county that comprises more than one million properties, reached $ 209,937,000,000 until the 1st. January, a little less than $ 210,000 million.

In addition to the real estate sector, the growth reflects changes in tangible personal property. FPL's investments in Turkey Point nuclear facility, for example, they added about $ 500 million in taxable income, Solis said.

Preliminary values ​​of property taxes are used by cities and counties to tax when making their budgets for 2014-15 and send rates property tax, the tax paid per $ 1,000 of taxable value.

"We look forward to the commissioners several options for them to enfrentrar some needs of the community," said Jimmy Morales, manager of Miami Beach. "It gives us some flexibility as we approach the new year."

Miami Beach could devote part of the increase to the ambitious projects undertaken to mitigate floods and problems regarding sea level rise, Morales said. In February, the city decided to use estimates of high tides at the time of building projects in the city to install new pumping out water from the streets, all at a cost of approximately $ 400 million. Moreover, growth could allow Miami Beach cutting taxes, building on increases during the worst of the economic crisis.

Elected officials, Morales said, can decide whether to "use the money to make some improvements or return it to the taxpayers.''

The preliminary report of the property appraiser, which will be adjusted and finished 1st. July also emphasizes the irregular has been the recovery of real estate industry in South Florida.

"The neighborhoods in the coastal area ... continue to show a strong real estate market with high growth. Some parts of the county that were hit hardest by the recession, Hialeah, Homestead and El Portal, have experienced the most substantial growth in 2014. However, Opa-locka, Florida City and Medley still not fully recovered and property values ​​continue to fall, "Solis said in the statement.

For this year, the value of the properties of Hialeah recovered by 4.7%, which means a big change compared to 2013, when property values ​​fell 3.5%.

For Miami-Dade, Friday's report was a pleasant surprise, but not something that will radically change the landscape. Economic experts forecast an increase of 4 percent rather than the 6.5 percent gain. The Budget Office of Miami-Dade said he has not yet determined how the new estimates could impact the earnings forecasts, although a quick glance at the numbers suggest that earnings could be around $ 20 million.

In a statement, Mayor Carlos Gimenez warned that healthy earnings outlook will not stop him demanding further concessions to the unions, including the proposed 10 percent reductions and benefits. The "net improvement is still not enough to avoid significant reductions in the operating budget of the county," Gimenez said. "Moreover, growth is not so great that it can overcome the increasingly high personal costs of collective agreements."

Alberto Carvalho, superintendent of Miami-Dade schools, said the increase in property values ​​makes it highly unlikely that the school district's tax rate has to be increased, but warned that the growth of home values ​​not fallen from heaven means money for the school system. By complicated formula of local / state funding for schools every year is the state that determines how much local taxpayers expected to contribute. In fact it is the state Floridian, who at first instance set tax rates to district property which then appear in the account property taxes.

Despite significant gains in property values ​​in some areas, homeowners exemptions from property taxes will see their value increases up to 1.5% this year, based on the amendment to the Florida Save Our Homes (Saving our homes). The amendment increases the limit on the value of the exemption to the property to 3 percent or the consumer price index, either to be lower. For homes that do not have property exemption, increases in values ​​are limited to 10 percent a year under the laws of Florida.

This makes it the third straight year in which the property values ​​rise after four consecutive years of declines during the devastating housing crisis that plunged into a swamp to the economy of the region and forced governments to make controversial and painful cuts budget.

Dreams of immigrants will continue to drive the housing recovery in the U.S.

Efforts to reform the U.S. immigration laws could have at least one unintended benefit for the economy : the nascent housing recovery is likely to receive more momentum .

The amount of homeowners foreign born 2.8 million increase in the decade ending in 2020 , compared with an increase of 2.4 million in the previous ten years, according to a study by the Mortgage Bankers Association (MBA , for short ) that did not assess the potential impact of a new law.

Research by a group of Hispanic Real Estate Agents concluded that the increase could be even higher if undocumented workers are placed in the path to citizenship .

Immigrants who are more positively than native Americans owning property, are increasingly likely to buy a house to live in the more prosperous the U.S. and are , research shows. They represent more than 50 % of the increase in the purchase of houses in six states in this decade , including California and New York, according to the report .

" We may have underestimated this powerful force already residing here and upward mobility is so pushed up from below the housing market ," said Dowell Myers , author of the MBA study and professor of public policy at the University of Southern California at Los Angeles who studies the demographics of housing. "It has accumulated a growing momentum ."

That upward mobility is evident in the MBA data showing that the percentage of those who arrived in the 1980s and became homeowners increased by about 35 percentage points in the next three decades despite the longest recession since the great Depression had a negative impact. By 2020 , 61% of Hispanic immigrants who arrived here nearly forty years before , in addition to more than 70 percent of Hispanic aliens, be homeowners.

Europe troubles

While the housing market recovery fuels expansion in the U.S., European economies are struggling. The unemployment rate in the euro area remained at a record high of 12% in February, data showed the statistical office of the European Union in Luxembourg yesterday.

56% of Hispanic Americans, according to census data in the U.S. make up more than half of the inhabitants were born abroad , said an "important" reason to buy a house is that it is a "symbol of success or achievement," showed data from a 2011 survey conducted Fannie Mae to Washington .

The percentage of all Americans who gave the same response was 32 %.

67% of Hispanics said that an important reason for buying a home is a good investment for retirement , compared to 54% of the total population , the survey showed .

Tourism and construction: booming sectors in Miami

Florida is one of the states in the U.S. housing market which has experienced the greatest growth in the last year . After the deep crisis , this recovery has come from the hand of a major tourism, which opens the door of opportunities for Spanish companies in Miami and Latin America, said William D. Talbert , president of Miami Department of Tourism .

"The business in Miami 's tourism is booming ." This indicates that the tourism business is booming in Miami president and CEO of the Tourism Department of Miami -Dade , William D. Talbert . A fact that came at once to increase the Latino influence in the United States and, as a spearhead represents Miami.

"Tourism has been growing for many years and the future is really good. 've Managed tourism record number of visitors, tourists spending , on the arrival of flights at an airport ... and also we lead U.S. the revenue per hotel room . "

Current good situation of tourism in Miami , says Talbert, is partly due to the international promotion provided by " offices and conventions abroad for tourism, more creative and active marketing and the 'mark Miami ' and responsible " .

A good example is the visit of the delegation from Miami -Dade , led by Mayor Carlos A. Gimenez, and seconded by Talbert own . However, this boom enjoyed by Miami also reflected in figures:

" The tourists spent 21,000 million euros in Miami in the last year , and the demand to build new hotels and new tourism attractions continues and continues to grow. And that is because we have great restaurants and trendy shops, 25 miles from beaches ( about 40 miles), and we are the only place in the U.S. with two national parks, " maximum impact responsible tourism Miami.

This growth of tourism in Miami is seeing accompanied by construction , always related sectors . Declares Alan Ojeda , president and CEO of Rilea Group , a leading construction company in this region of Florida, who talks about the current real estate boom in the metropolis after the recent crisis :

"The problem was not as large as previously thought, and the decline was very sharp , not as in Spain , where it's like a slow death. And the recovery has also been hit , because Miami is really a continent of 400 million people do not know that there was a recession in the world that is South America. "

Ojeda is Spanish although already adopted by Florida, after more than thirty years since I crossed the pond , so it is aware of the advantages of Miami , such as location , and especially the construction sector , on which yields good prospects :

" Construction will continue to grow inexorably and is not too late to go because Miami is starting its cycle, but not a market ' pitch ' , as was Spain . 's A market you need to understand and you should go with a local partner . "

Because, despite these positive outlook is key to know the market . Therefore, many are more cautious , as Brian McLean, consultant senio International Consulting Team :

" For a Spanish company is possible that entry into the U.S. through Miami may seem an easy way to the language , but if you want to sell in the U.S. have to think . 's Not the same to sell a Cuban culture, such as Miami , which eg Kansas . "

McLean himself , however , does point out that Miami is a big market , as is evident, and it is a great choice if consumer goods are produced or aspire to enter the Latin American market .

An idea that recalls the words of the president of the Chamber of Commerce, Jaime Malet, in his address to the arrival of the trade mission to Spain :

" Spain , Latin America and the U.S. form a virtuous triangle is consolidated year after year and in these difficult economic times, may provide part of the push it needs the Spanish economy to finally overcome this crisis."

The price of homes in the U.S.. returns to its biggest rise in seven years

The price of single family homes in the United States again recorded in May for the most up -on-year in seven years , according to the consulting firm Standard & Poor's ( S & P) , who said that these data indicate that the housing market " continues to strengthen ."

The Case- Shiller , which prepares the firm to study the evolution of housing prices , index rose 12.2% in May compared with the same month last year in the twenty largest cities. The advance was 11.8% in the ten largest cities.

In both cases these increases are the largest recorded since March 2006, before the bursting of the housing bubble in this country, although experts had calculated a slightly steeper climb .

Moreover, when compared to the levels that were in April, prices of single-family homes in the twenty largest cities have advanced 2.4% and 2.5% in the top ten .

Two of the twenty cities surveyed by S & P , Dallas and Denver, in May reached levels not seen since they began developing this index, also before the peaks reached before the start of the housing crisis.

cities

In annual terms , San Francisco registered the highest advance with 24.5 %, followed by Las Vegas ( 23.3%) , Phoenix ( 20.6%) and Atlanta ( 20.1%).

" The housing prices continue to strengthen ," he said in announcing this information the chairman Indices S & P's David Blitzer, who highlighted the changing trends shown in this report , as the case of the cities of Miami and Tampa , which "It is falling behind compared to western cities ."

In any case, since hitting their peak in June and July of 2006, housing prices in both the twentieth and the ten largest cities in the United States accumulated a fall of 25 % and 24 % , respectively.

It's the end of the housing recovery in the United States?

"In the last 12-18 months , virtually all U.S. housing market indicators have improved remarkably prices rise , construction recovers, mortgage delinquencies is down and credit conditions , although still restrictive , have improved " . So Mark Allan optimistic economist AXA Investment Managers , shown in the last report of the Management . "However , the pace of new construction has slowed in the last couple of months and mortgage rates have increased. In this situation , some people wonder if we are at the end of the recovery of the sector , "said the expert.

In AXA IM believe that housing starts will accelerate in the second half of the year. " The approximate indicators are recovering economic growth , access to credit for SMEs - a crucial factor in the construction sector has improved and residential - promoters show higher levels of confidence thanks to, among other things , the rise the interest of buyers , which could translate into sales growth , "says Allan .

For the expert, the best prospects, along with the rapid increase in prices , will support the increase in construction activity in 2013 and 2014. "In May , seven of the twenty cities covered by the Case- Shiller index recorded an annual growth of housing prices more than 15 %." However, Allan warns that these figures may offer a distorted view : "Nationally , average prices are still 25% below the peak of 2006 , and between 30 and 40% in states where the bubble burst " . So for AXA IM economist , " the recent inflation of housing prices respond to supply shortage and not a credit bubble ."

According to the data handled by the manager, to date much of the excess accumulated in the balance sheets of banks has gone into the hands of investors supply, but this could change soon by reducing inventories of properties from foreclosure and said rising prices. " If we expect supply to grow in the second half of the year and is expected to investor demand is weak, it is necessary to increase the demand for it" .

Threats to recovery

According to Allan , the request would be threatened by two factors: a sharp increase in mortgage interest rates and high unemployment , leading to potential buyers to doubt his ability to deal with the mortgage. "Since the sell in May, interest rates have gained about 75 basis points ," says the economist. "However , actual rates range around 2% for a 30-year mortgage at a fixed rate , so you can say that are still low by historical standards ."

" At AXA IM believe that the Federal Reserve will begin to limit its quantitative easing program in September and will continue with the gradual normalization of rates over the next two years. It is clear that this process will affect mortgage rates , but do not expect others to increase over 70 basis points by the end of 2014 , "says Allan . What if the increase was sharper ? " Most likely , in that case, the market reacts by reducing supply , but we do not expect further price declines ."

With respect to the unemployment rate , the data in recent months are encouraging. "The number of vacancies in companies increases progressively , workers return to be willing to change jobs and consumer confidence shows a slight improvement." AXA IM is optimistic : "We expect the unemployment rate to fall further in the next eighteen months so , if credit conditions do not prevent it , we can expect a similar upturn in the housing market ."

Offered for sale the Empire State, New York skyscraper icon

The legendary Empire State Building, icon skyscrapers of New York , the scene of hundreds of movies , series and books and undisputed star of the postcards of the city , will soon be put on sale in what could be one of the largest real estate operations U.S. history .

It is expected that the sale starts next week : there will be calls to investors around the world.

About Us Empire State Realty Trust expects to raise U.S. $ 1.05 billion .

As reported in Bloomberg , the company plans to offer on October 1 about 70 million shares for between $ 13 and $ 15 each.

Located on Fifth Avenue and 34th Street , the Empire State Building was the tallest building in the world for over 40 years since its completion in 1931 until 1972, when the construction of the North Tower of the World Trade Center was completed.

The transaction includes 18 other properties Malkin , the family that runs the Empire State Building in Manhattan and surroundings.

U.S. on alert for a new housing bubble

In September, compared with 2012 , the annual price increase was 12.8% . In some states like California or Nevada the rise was 20 %.

The Case - Shiller index that produces the recently awarded Nobel prize -winning economist Robert J. Shiller , sounded the alarm in April when calculated that the rate of increase in housing had reached its highest level since the ferocious bubble burst in 2007 - 2008 .

Shiller is not only a Nobel prize. He was one of the few who predicted the collapse of the subprime or high-risk one year before to precipitate the fall of Lehman Brothers and the global recession of 2008.

And the most powerful alarm signal was the voice of an official of the U.S. central bank, the chairman of the Federal Reserve Bank of Dallas , Richard Fisher : "I'm starting to see signs around the country that we are entering , again , in a housing bubble , "he said .

The Circular Ruins

The much- quoted phrase of Karl Marx on history - as tragedy occurs and is repeated as farce - is irrelevant.
The Estate 2008 financial crisis focused on subprime mortgages granted to people who often did not even work.

Now the social sector that is more fuel the bubble is the high and low income through the medium called jumbo mortgages or mortgage giants .

The regulation stipulates that U.S. mortgage market lending standards for a family home can not exceed the $ 417,000 limit that to more expensive as New York or Los Angeles areas , increases to $ 625,000.
If you want to take a loan above that figure enters the realm of "jumbo " which normally require higher interest rate (typically , 0.25 % more).

But now banks are promoting 30-year jumbo mortgages that cost less than the standard family loans .

Peter Zalewski of Condo Vultures , a consulting real estate market in Florida, says it is a narrower speculation.

. "In the previous teachers bubble , firemen , businessmen , taxi drivers, all were involved in the market What we see now are niches : the property worth about a million dollars, for example , to access or foreigners the very wealthiest Americans and institutional investors , "he told the BBC .

Not all are equal

Thus, it is a bubble with a distinct spatial distribution .

In cities like New York , Los Angeles, San Francisco , Miami and Washington pressure on prices is much higher than in other areas. In Sacramento , for instance, the increase exceeded 34.1 %, in Las Vegas, or 33.3% in Riverside , California , 31% .

But the real estate consultant Zillow estimates can not yet speak of a nationwide bubble because people are spending on average 13% of their income on mortgage payments , well below the 20 % of other times .
This cost-revenue relationship is important because it creates a "cushion" designed to absorb sudden increases in interest rates that may unbalance the individual budget and jeopardize payments .

Zillow notes, however , that the national average changes radically in hot areas of the market.
In places like San Francisco or San Jose mortgage payments exceed half the income.

Still, the consultant estimated that next year there will be a moderation of increases do not exceed 3.8%.

The Book , the main actor

Regardless of whether this projection is accurate, economic and social impact will depend on a key actor. Sea tragedy or farce , the story of the bubbles of the last 15 years has there been a major player : the Federal Reserve ( the Fed ) .

In the subprime crisis and the cheap - credit - existent regulation encouraged the stampede price . In the present , the interest rates on the floor , has been added called Quantitative Easing , quantitative easing or printing money electronically .

With this issue , which has been this year of about $ 80,000 million per month , the central bank purchases financial assets from banks for these entities have more funds to lend to producers and consumers through credit oiling economic recovery.
By one estimate, the Federal Reserve now owns 12 % of the mortgages in the country.

The vice president of financial HSH.Com , Keith Gumbinger , said that his intervention is key to sustaining the mortgage market.

" With interest rates at today's prices and quantitative easing , the Fed has provided liquidity and the mortgage market has revived " Gumbinger the BBC said.

But it is also playing with fire. In an economy like the U.S. the line between a sharp rise in prices and a bubble is very thin.

The credit - addiction

The Federal Reserve is part of an economic model that has been struggling with a new disease : the credit - addiction.

In 1978 the average U.S. wage was equivalent to about U.S. $ 48,000 (in present value ) . Today it is $ 33,000.
If the U.S. consumption remained a driver of growth in these decades was largely thanks to the credit card supplied by very low rates.

The subprime crisis of 2007-2008 marked a limit to this economic pathology of everyday life .

According to the deputy director of the Center for Economic and Policy Research in Washington, Dean Baker , the system has not changed.

"The growth of the last ten years has been based on bubbles. 's Amazing that the Federal Reserve has not seen . Regulatory system has hardly changed," Baker told the BBC.

Not everyone agrees . Keith Gumbinger analysts say the regulatory system is much more strict, but others say that even if it did, the bubble will continue to grow .
"Capitalism is the creative - destructive capacity There are many people watching get the hang of regulation it is our story from the 20s onwards . . . Boom followed by implosion not going to change ," he told BBC News Peter Zalewski of Condo Vultures .

Estate franchise: SOLVIMO opens its seventh branch in Seine-et-Marne

Solvimo, real estate network, opened a new office in Seine-et-Marne. This is the seventh in this department. After Melun (77) Montévrain, Provins, Meaux (Saint-Soupplets), Avon and Ponthierry, the network has been set up in Nemours.

Established in 2001, develops real estate Solvimo duty since 2003 and now has nearly 160 branches including one unit in Miami, USA. In the medium term, the company hopes to have 400 branches in France.

LUXURY REAL ESTATE: AND WHY DO NOT CLAIM OWNERSHIP OF AN ISLAND?

Whether the United States in Florida or Australia, Coldwell Banker group, specializing in luxury real estate around the world offers paradisiacal islands for sale.

Daydream Island, for sale by Coldwell Banker Australia U.S. $ 50 million , is located on the Great Barrier Reef, north - east Queensland Australia 1200 km north of Brisbane and 600km south of Cairns , in the Whitsundays Islands . The island is composed of 16.5996 hectares resort and marina of 1.8968 hectares. Very popular for honeymoons destination since 1940 , it was completely renovated in 2001 and is now listed on the resort 4 stars .

Black's Island, for sale by Coldwell Banker Schmitt Real Estate Co to ​​€ 23 million is in the heart of the Bay of St. Joseph on the north -west coast of Florida. Only accessible by plane or boat , this island offers 7 acres 26 luxury bungalows with stunning views of the bay.

More sales and fewer rental industry in United States

In the housing market have recently shown signs of optimism : the home sales show mortgage rates historically low upward trend, the builder confidence has increased and , together with the sharp fall in house prices in relation to family income , have driven rates housing affordability to record highs. However, many potential buyers and sellers remain outside : the default rates of the residential sector and foreclosures remain persistently high , credit conditions remain tight , unemployment is high and the national indices of housing prices continue to fall . From its peak six years ago , the national average house price has fallen about 34 %. So many lenders , investors, buyers and sellers do not even notice the rebound . We believe the residential market in 2012 will remain under stress in many areas of the country , but in the growing markets opportunities for buyers to take advantage of record affordability, made ​​real estate investments and avoid rising rents arise . " "

As a result of the drop in housing prices , the subsequent increase in foreclosures and the conditions under tighter credit , many families choose either inadvertently or not, rent rather than buy . The percentage of home ownership continues to decline and our analysis predicts that percentage dropped to 65% within 2-3 years. In a risk scenario , it could fall even faster, up to 64% , a level not seen since the early 1990s. This trend indicates that rental demand will remain high at least in the next five years. According to forecasts of household growth and the fall in the percentage of home ownership , the market will need about three million more rental units in 2016. " "
The fall in the percentage of home ownership supports low demand observed in the housing market . However, home sales and housing starts and seems to have bottomed last year , as we anticipate that these measures will continue its upward trend this year , albeit at a weak pace. The value of the construction of new single-family homes is on the rise year on year, and residential investment is finally making a positive contribution , however small, to GDP growth in early 2012 . Smaller stocks support new housing construction activity : monthly supply of new homes came to be about 6 months and still pointing downward with increasing sales rate . The return to a monthly supply of about 4 months is more consistent with a sanitized new housing market : a 23% average annual growth in the pace of new home sales combined with another 13 % drop in new home inventory would to place the figure of the monthly offer at 4% at the end of the year.
" " Prices continue to fall due to high inventory levels hidden

Despite the improvement in the pace of home sales and construction of new housing price index of existing homes will continue to fall throughout 2012 and possibly 2013. The pressures on housing prices are derived from the large inventory of seriously delinquent mortgages and foreclosed properties , which has reached record highs and has only recently begun a downward trend . The shadow inventory consists of nearly four million homes : there approximately 1.9 million homes are in some stage of execution, 1.3 million seriously delinquent (over 90 days), and 500,000 to 800,000 housing units in hands real estate that have completed foreclosure. Foreclosures attract buyers and investors, as approximately 25 % of all home sales corresponds to distressed properties (over 40 % in California and Arizona ) . How are you Properties are sold at substantial discounts of between 30% and 40% , it is expected that rates of aggregate housing prices continue to fall . However, property prices show stability without financial difficulties , but any price increase will be minimal and certainly negative in real terms .

" " It has erased a decade of real appreciation in prices

The real appreciation of housing prices observed over the past decade has been effectively nullified . The price indices adjusted for inflation have returned to their levels of 1998 - 1999 , and their continued combined with rising rents fall means the rent money should reach the above average to 2000 of 5.25 % in late 2012 . Both are positive signs for the housing recovery in late 2012 and 2013: the low mortgage rates today and the most favorable prices allow buyers to avoid inflation and rising rents . This is a reality that has not been overlooked by potential buyers : the leading indicators of trends in Google with respect to interest buyers show an increase in early 2012 .

The affordability at a record high demand supporting , while credit constraints could be an obstacle

The double-digit drop in housing prices relative to household income and combined with low mortgage rates have pushed housing affordability to unprecedented limits. Therefore, the data suggest that the market could fall more than ever first home buyers , as long as the buyers can get credit .

Certainly , lenders have tightened credit conditions for first-time buyers , loans and grants should continue to increase as to decrease the unemployment rate and the perceived risk of job loss is reduced. However, mortgage applications remain rare , indicating that despite record affordability , many potential buyers prefer to rent to buy. Possible reasons for the low demand expectations of further price falls , a history of underemployment , lack of savings to give an initial entry and over- growth of consumer credit are included . The deleveraging process continues in many homes while restoring their balance sheets, as income growth lagged consumption growth in late 2011 , now is moderating the rate of consumption .

" " The quality of the residential assets continues to improve slowly in the balance sheets of banks, but the high number of foreclosures remains a concern to many lenders

It is likely that strict credit conditions persist for some time, as delinquency rates for residential mortgages have remained stubbornly high and the flow of foreclosures fixed interest rates and low risk was not significantly moderate standard. Thus, evil can banks , Fannie Mae and Freddie Mac will loosen credit conditions to accommodate a larger number of buyers. We anticipate that the default rate will continue to fall throughout 2012, but will remain above 8 % until 2014. In addition , lenders are concerned , rightly, that more foreclosures occur because about 25 % of debtors ( some 12 million mortgages) owe more than their home is worth and 8.6 million are aware of your payments . Of the remaining 3.4 million who are behind on their payments, approximately 1.3 million are at serious delinquency . The risk of further falls in house prices and that more job losses puts borrowers with negative equity to the brink of default occur.

" " The federal government's efforts are focused on stem the flow of foreclosures ; aid and incentives for homeowners and lenders will be expanded. The Federal Reserve believes that the transmission channel its flexible monetary policy to housing market is under-performing , as sales and mortgage originations remain low. The Federal Reserve released a white paper in January explaining the pros and cons of the policies that the government can promote to help homeowners . These projects range from policy modification programs mortgages to plan large-scale conversion of real estate into the hands of the government and banks in rental properties. In line with this analysis , the current government is expanding programs to help homeowners , as refinancing program for affordable housing (HARP for its acronym in English ) , which aims to boost refinancing activity , and the program of affordable home mortgages (HAMP for its acronym in English ) , whose purpose is to encourage private lenders to modify mortgages and reduce the principal balances . Refinancing activity has picked up due to the extension of the scope of these programs, and the recent enlargement has been proposed HARP , the program will include investors and debtors whose relationship between the loan amount and the value of the property exceeds 80 % . Thus , borrowers with a loan -to-value ratio above 100 % could benefit from refinancing combination with principal reduction , so that would be creating equity. In recent weeks , a new ad has attracted the interest of investors : FHA has approved the program of own property rentals of Fannie Mae and Freddie Mac is developing a similar program that will allow investors to buy properties in large quantities and convert them into rental housing. Investors are attracted or big discounts on the purchase of these homes from foreclosure : rental units could generate positive returns due to rising rents and the possible sale of the property at a higher price. The two entities and government -sponsored FHA own about 215 thousand distressed properties that need to sell. According to the forecast demand for rental properties in the coming years , this program could help to moderate the rising rents and boost supply to meet new demand . However, this conversion program in rental properties will only have a positive effect if people want to live in areas with the highest number of foreclosures. Many of these areas are affected by high unemployment , low growth and limited employment opportunities for residents. During the housing boom , the flow of investment residential new construction stimulated the local economy by increasing tax collection and spending. Today , some of these communities are struggling with falling revenue from property taxes and the output of residents .

" " The high refinancing activity represents an opportunity for banks, but the direct economic impact will be minimal refinancing Because mortgage rates are exceptionally low , many borrowers refinance seems sensible to them their existing mortgages to lower monthly payments. The total volume of refinance originations was higher than of new mortgages over the past four years, as both interest rates and sales have experienced sharp declines . However, some borrowers can not refinance their loans either because loan -to-value ratio of the property is too high ( perhaps even negative equity ) or because the initial costs of the operation does not make refinancing worthwhile. Therefore, the federal government has proposed expanding the refinancing program (HARP ) allowing refinancing its loans to residential investors and removed initial disbursement of refinance for borrowers . There is no doubt that these changes will stimulate activity and may help lenders to charge fees and capture market share . Programs refinancing and mortgage modification are intended to encourage economic activity on two fronts. First, proponents argue that programs to reduce monthly payments will help to avoid default and subsequent foreclosure debtors on the brink of that situation. However, the evidence that the refinancing avoid foreclosures are unenthusiastic because the savings from refinancing can not totally replace the lost income of a job . Second, to reduce the monthly debt obligations , refinancing frees family income and allows consumers to spend more on the market, thus encouraging economic activity. However, the scope of the stimulus caused by the effects of first and second order , is minimal. Obviously , the loan for the purchase of a new home that puts $ 250,000 on the market has more than an effort refinancing saves the homeowner $ 100 to $ 300 a month impact. At the peak of the housing boom in 2005 , our estimates indicate that lenders were injecting to $ 300 billion ( $ bn) annually into the economy to buy new homes when both prices and sales of new homes shot . In 1995 , before the boom , lenders injected just under 100 billion dollars annually. Therefore, the direct cumulative effect of increased sales and prices was a boost to the economic activity of about $ 1 billion between 1997 and 2007. Since much of this money is reinvested in the housing market for new construction and therefore creating jobs, the second order effects were substantial and resulted in a sharp rise in economic performance and asset values ​​. Although refinancing efforts reached 12 million borrowers with capital losses and will save each family $ 3,000 per year , only collective debt service in 36 mmd a year would be reduced well below the surplus of 200 billion dollars figure lenders were injected each year into the economy when housing was booming . In summary, although the refinancing federally backed mortgage modification program and conversion of own property will help reduce the debt burdens of homeowners and ease the inventory of distressed properties , the effects on economic growth in the short term will be minimal . However, reducing the inventory of distressed properties because rents and conversions to fewer foreclosures could contribute to the transition of the housing market towards equilibrium . In all the major U.S. regional variation in market fundamentals will determine the pace of home sales and new residential investment

Although house prices have fallen in all U.S. markets over the past four years, the collapse has been most acute in Arizona , California , Florida and Nevada . Recent indicators show that housing activity is picking up in Arizona and California: delinquencies fell steadily in 2011 and employment in the construction sector remained positive in annual terms for most of last year. Although the rate of new foreclosures remains high , more than 1% , showing a downward trend . The inventory of foreclosures also declined steadily in these states , through the impetus of investor demand and short-term sales . Nevada now start to experience the improvement that has occurred in California and Arizona , but the percentage of total loans in foreclosure is twice that of those two states . However, the improvement of these conditions contrasts sharply with the situation of housing in Florida , which is the worst in the country . Although inventories of foreclosures fell in many states in 2011, increased during the year in Florida, and still above 14 % of total loans , double the rate of inventory Nevada . Therefore, in local markets , inventories of resale homes may well exceed a monthly supply of 16 to 24 months if we include these foreclosures. To the extent that inefficient foreclosure process have hampered the improvement of the market , measures to expedite the completion of the foreclosure process , the transition of the properties to the inventory of own property and connecting with buyers or investors are only remedy to reduce levels of distressed properties .

" "

High oil prices support energy production and exploration : the demand for housing increases in North Dakota While initial declines in these markets have spread to the Midwest , rising energy prices and the strengthening global demand have prompted a new wave of investment in exploration and production of energy in the U.S.. Much of this activity has been concentrated in the center of the country , from Texas and Louisiana to North Dakota and Idaho. Mining and industry support activities have led to advances in the use of these states therefore have experienced the influx of new residents. Economic activity in North Dakota is experiencing a rapid expansion and, therefore , employment in construction has risen 20 % in residential investment and took the lead. This structural change is clearly shown in the following table : between 2007 and 2010 , five of the 10 markets that experienced an increase in total number of households are in Texas. Unlike New York City , where he has been a decline in household property and a transition to the holiday , owned homes rose in metropolitan areas of Texas. Thus, in certain markets where employment is growing , buying a home is attractive given the low current borrowing costs .

Investing in Orlando: Get a constant annuity and secure

In these times of market crisis , financial investments in real estate rental Floridian are a good way to get a secure monthly return : Investing in Orlando is a good solution for your investment .

Invest in Orlando , this is foremost invest in real estate future with a city and a region undergoing demographic and economic growth.

Investing in Orlando is taking advantage of the lowest prices in all of Florida , and thus move towards a significant added value in a few years ( 5-7 years).

Investing in Orlando is also secure a monthly income from substantial rents ( between $ 1.000 and $ 1.500 ), with high returns in individual homes ( 7-10 % ) due to low condo fees compared to apartments and condos ( 3-6 % ) .

We expect for 2014 still a significant number of opportunities bank attachment , so you will have the opportunity to build wealth in Florida with a good return for a sum of between € 80,000 and € 130,000 ) purchase price including , fees, work and the incorporation of a company and a bank account. (at a current rate of 1 € = $ 1.30)

Real Estate: increased taxation, non-resident investors will they flee Côte d'Azur?

The new government has proposed in its Amended Finance Act for 2012 that real estate income, rents or capital gains received by individuals ( French or foreign) who are not tax resident in France , are subject to social security contributions . Therefore, the measure aims to eliminate unfair tax advantage held by subjecting income derived by non- residents from immovable property situated in France social deductions combined statutory rate of 15.5%.

These households may for example be foreign investors without special relationship with France, or expatriates , active or retired people living abroad , who retained their property in France . Concerning rents, the government considers that the imposition involve about 60,000 households receiving an average of 12,000 Euros per year on their property income property in France .

The measure will apply to capital gains from the entry into force of the law but with retroactive effect from 1 January 2012 for rents . The government hopes to recover 50 million euros this year and ME 250 per year from 2013.

This tax increase should primarily concern the luxury real estate in areas like the Riviera and to a lesser extent Paris continues to dream wealthy foreigners. The Chairman of the luxury real estate network Coldwell Banker France and Monaco , Laurent Demeure , is also convinced that this will lead to a decline in investment from the French non-residents generally choose to prepare their property back in France for their retirement.

" This bill will result in a lower final sales volumes in geographic areas such as Cannes , Nice, Toulouse , Bordeaux and Nantes, prized by those investors who typically buy at a higher price than the market , Laurent Demeure analysis. According to him, this will also divert the real estate investment destinations like Miami that already count more than 30,000 French pensioners living on site , or as Morocco, which also count about 30,000 French retirees.

USA: REAL ESTATE BUBBLE AT THE EDGE OF THE EXPLOSION?

One of the main dangers of extremely loose monetary policy in recent years is that ' free money ' provided by central bankers is used to artificially increase the price of all kinds of assets. In other words , central bankers do not actually qu'alimenter bubbles that will inevitably burst. It is sufficient to convince them of the extent of the danger , to rethink the implications of the technology bubble in the second half of the 90s and the housing bubble in the middle of the last decade.

However, detecting a bubble is also extremely difficult. There is thus clearly in the current climate, several elements suggest a bubble : home prices increase by 10 % per month in London, sees his Twitter during double from its IPO of 100 million euros for paintings by Francis Bacon, spectacular success of Bitcoin ... None of these developments seems to have any lasting nature. And even if they were to turn into bubbles, it would not be there bubbles could derail the global economy when they explode . This kind of bubble can develop only in the major asset classes, the usual suspects in this case being the U.S. housing market and U.S. equities.

House prices in the U.S. rise again quickly. Since early 2012, house prices in the U.S. rose by almost 20 % on average. However, the only price increase does not necessarily mean that a bubble is being formed . The current rise in house prices is in fact due to the severe correction in 2007-2008 . Overall, the U.S. home prices remain far from their peaks in 2006. More importantly , relative to household disposable income , house prices are almost the lowest in 30 years. As always, it is quite possible that some exaggeration in house prices is growing again in some areas. But overall, the U.S. housing market remains far from the bubble. Several more years of sustained higher prices could certainly bring the real estate market bubble , but this is clearly not the case at the moment.

Investing in real estate in the United States remains one of the most profitable and promising investments . We can invest in direct property purchases or buying shares of investment funds . Invest abroad , however, remains a complex task that must be carried out by professionals to avoid pitfalls and to take advantage of many economic and tax benefits.

Brickell Key

In 1870 , William and Mary Brickell established their post at the mouth of the Miami river on Biscayne Bay .

On the death of William Brickell , his wife developed land along the bay and a neighborhood of houses on the water gradually spread over wide tree-lined avenues , which was later called the millionaire's row ( Millionaires Row) .

Over the years , they were replaced by tall office buildings occupied by large law firms , banks and international companies. Later, condominiums made ​​their apparition.Proprietes Miami - Brickell

The proximity of the Port of Miami Brickell supported the development of an international banking and business center , like New York.

This dynamic environment , and the demand for luxury housing , causing a second wave of construction, largely residential luxury buildings .

Beautiful visual framework waters of the bay, near the Coral Gables , Key Biscayne, Coconut Grove and Miami Beach were additional elements of growth in the area of Brickell .

Miami real estate agency - Brickell Key

Brickell Key :

In 1896 , Henry Flagler began to dredge a channel 9 feet deep at the mouth of the river. The earth removed was used to create two islands . In 1943 , an investor , Edward N. Claughton , bought them , and combined them to form a triangular island of 44 acres. It was acquired by Swire Properties in 1970 , and this is what is now called Brickell Key, one of the most " chic " Miami locations.

miami apartments - Brickell

Within the deep international diversity Brickell , South American and European cultures predominate. It might be an exaggeration to call it the "Wall Street of the South" , and this could affect its kind image , but the mix of business , leisure, and chic cheesy has the essence of attraction Brickell .

Concentration consulates, federal and local courts , chambers of commerce, banks , commercial real estate firms , export offices, and financial services firms , has made this an area of the nerve centers of Florida

Miami Real Estate , Apartment Miami, Brickell Real Estate

The line of the horizon on the waters of Biscayne Bay has changed dramatically , with more than 4,000 apartments, built from 2000. They were intended to be occupied by young professionals and foreigners rich, but most of these properties was absorbed by investors and speculators.

This naturally puts pressure on Brickell real estate market , but it is obvious that the land increasingly scarce, and the constant influx of buyers , absorb this surplus, in the very near future.

Apartments Miami - Brickell

New entertainment areas have flourished in the shadow of skyscrapers. Mary Brickell Village is a meeting point and nightlife , with a good selection of bars , restaurants and some elegant shops.

If the brilliant cultural life is added in centrse culture such as the Vizcaya Museum, Miami City Ballet , New World Symphony, The Florida Grand Opera, Miami Art Museum , the Gusman Center, and the new Adrienne Arsht Center and grandiose for the Performing Arts, you have all the ingredients for an excellent residential area .
Brickell Condos - Miami

Sports, Arena, Miami Heat , the Marlins ballpark under construction .

And we must mention the curious transportation system Metro- Mover and Metro Urban Tri- Rail,

Miami Real Estate - Miami Apartment

and the Port of Miami with its towering cruise ships.

Bal Harbour

Arrive in the evening , driving your car in the city of Bal Harbour, along Collins Avenue between beautiful palms illuminated on one side and the other coconut is almost magical.

Of all the towns along the coast of the South Atlantic ( the 65,000 so-called " Gold Coast "), you will not find a more elegant and romantic than Bal Harbour.

Bal Harbour Real Estate - Beach

Called the origin Bay Harbour , this small oasis between Haulover Beach Park and Surfside, is a paradise of lush vegetation, white sandy beaches , and stunning views of the Atlantic Ocean to the east , and the Bay Biscayne West.

Romantic would, I believe, a good word to define Bal Harbour. Culture, opulence , sports, restaurants, to sunbathe , and what can we compare the munificence of a day of shopping in Bal Harbour?

 Apartments in Bal Harbour

The Shops at Bal Harbour, a sophisticated trail " Design Shops " shows off the world's best collections; nothing is missing : Armani , Prada , Cartier, Ungaro , Dior, Hermes , Tiffany Gianfranco Ferre , Louis Vuitton, Roberto Cavalli , Versace, Chanel , Jaeger , Valentino, Zegna , Bvlgari , Yves Saint Laurent , Gucci, Ferragamo, they are all there.

Buildings for Bal Harbour

Department stores Saks and Neiman Marcus will undoubtedly be the epilogue of a memorable day " shopping " .

All this in the shadow of graceful palm trees, and a rich tropical vegetation together. Elegant cafes and bistros outdoors add to the enjoyment of a day of shopping in Bal Harbour, which is also considered the number one shopping center in USA .

 Bal Harbour Real Estate - Bal Harbour Shops

The main artery of Bal Harbour stretches along nearly one mile high buildings of condos, and splendid hotels . New buildings in incredible luxury, are added to the traditional real estate Bal Harbour, such as the St. Regis which is built on the site of the former Sheraton Hotel , or the One Bal Harbour, has the northern tip of the city.

Bal Harbour Real Estate

It consisted of very large buildings , luxury flamboyant, facing the sea Great apartments, sophisticated services , and everything that represents an exceptional standard. Much of these properties have South American and European foreign owners .

According to the census of 2000 , the population of Bal Harbour was about 3,300 . A little meadows 3,150 homes and 1,908 families. The per capita income was $ 67.680 .

I 'd be happy to help you find a condo or a house in Bal Harbour. Our experience in Bal Harbour is your best guarantee .

Investing in the U.S. or Spain: Foreign Brick under the microscope

The notion of " good family " varies according to time and circumstances. So is it for investment . Risk and balance, better now putting money into foreign brick guaranteed return on a savings account . But not anywhere.

Can we still consider putting money on a savings account or government bonds , which relate yet less than inflation , a commendable attitude to a father who takes care of his family ? Convinced of the contrary , more and more investors - cautious for the majority - are moving to other forms of investment and choose to invest in real estate abroad, particularly in Spain and the United States, two countries where the recent discount multiplies opportunities for solid gains.

But be careful not to drop the substance for the shadow . With the help of Jean- Marc Goossens, Brussels Bar specializes in the sale of real estate in the U.S. , here's something to help you ask the right course .

To identify the best possible risks before proceeding to act, we have taken as revealing six key market parameters .

1 . The real estate prices and the importance of their recent discount

In Spain , the latest figures show a 35% decline since late 2007. In the United States , prices have declined on average to the same extent . " But its size and disparity, the U.S. housing market has however experienced in some cities even stronger variations and allows a much larger choice of products and varied ," says Jean- Marc Goossens . Finally, despite its difficulties, the euro remains strong against the dollar on the foreign exchange market. And the current parity increases its purchasing power in the United States . "In addition, during the subsequent resale of the property, the investor will have the opportunity to stay in dollars and euros will return to when the rate is favorable ," said the lawyer.

2 . The current price trends

In Spain , prices continue to fall. This year is still expected a decline of about 8%. In the United States, the average price of new homes is ironed in one year from 260,000 to 313,000 dollars , annual home sales rose 60% ​​, building permits from 25 to 70 %. "I see more and more requests for funds that enable diversified investments from " small " amounts ( $ 50,000 ) . The typical client is an individual with modest incomes or who seeks an institutional performance , " says Jean -Marc Goossens .

3 . Forecasts of capital gains term

The austerity policy in Europe shows its limits , but Spain has seen more alternative financial fragility: incentives for home ownership have been removed and demand is sluggish, more than one two young people is unemployed and therefore excluded from acquisitive market. Industry professionals believe it will take five years to stabilize the market and hope for a return to bullish values.

With a seemingly more lenient policy , the United States fared much better. Growth remained around 2% , deficits are reduced : they still exceed 5% of GDP currently , they should fall below 3% from 2015. Job creation and the housing market still confirms a steady recovery for months.

4 . The rental income

In Spain , the rental market also suffers the brunt of increasing flexibility in the labor market and the declining purchasing power of families , especially in cities where rents were significantly increased before the crisis. Given this uncertainty the side of the financial security of a significant proportion of tenants, many owners do not reach that yield the floor.

"In the United States, it is very easy to rent a quality property . Americans move and move a lot , but unlike the Spaniards forced to do to get a job at a discount, if they do not hesitate to thousands of miles for a job, it is often by choice, to improve their standard of living , and their common language facilitates this flexibility on a huge space. Furthermore, since the subprime crisis , they get very difficult credit and praise even more so by swelling demand and prices. Net rental yields are obviously variables given the extent of the market, but they are usually between 3 % and 15% , "explains Jean- Marc Goossens .

5 . Legal certainty

In Spain in crisis, the risk of failure is great promoters . "The profession of estate agent does not require access to the profession and notaries have no obligation - as in Belgium - check if the property is secured by a mortgage or if the owner has tax debts. In addition, the tenant is protected by law in relation to the lessor. Permanent assistance of a lawyer is essential , "says Belgian lawyer .

In the United States , by cons , the market is in the process of sanitation, professions real estate agent, closing agent ( attorney acting as notary) and title company (which guarantees the title) are strictly regulated . And overseas , it is the owners who are very protected.

6 . taxation

Spain :
acquisition costs amounted to approximately 13% of the purchase price ( notary fees, registration fees , stamp ) .
rental income is taxed at 24%.
the gain is taxed at 21%.
property tax (IBI ) is about 1% of the assessed value ( undervalued ) with a fee of 0.2 to 2.5 % on assets above 700,000 euros .

United States :
fees to the purchase does not exceed 3% .
rental income is taxed at 15 %, but deductions are so numerous that they virtually erase the tax.
the gain is taxed at 15%.
Property Tax ( Property Tax ), allow approximately 1-2 % of the value according to the states.
conclusion
U.S. out yet big winners in this comparison six points. Should we therefore not recommended to buy in Spain? This obviously depends on your goals . If you wish to make a financial investment with maximum security and aim at a quick profit (yield + capital gains ) , the United States is an ideal destination today. But the statistics are improving from month to month , the windfall decreases in proportion to the lower financial risk.

If, against , looking for a relatively close second home that you personally want to enjoy and you intend to keep (very) long-term investment in Spain may be preferable. But in this case , do not rush : prices continue to fall. Whatever side of the Atlantic selected , a real estate investment abroad is always a complex and risky operation , which requires the advice and assistance of a specialist. It can also provide information on the benefits of the possible constitution of a company , on the possibilities of tax and estate planning ... and , if necessary , on immigration opportunities.

Bill Gates buys Florida Villa for 8.7 million U.S. dollars for his daughter

Seattle-based Microsoft founder Bill Gates - and the second richest man in the world - remarkably , does not have an excess of properties. Previously, when his horse -loving daughter participated in Florida, the multi- billionaire rented houses for his family rather than buying.

No longer. According to the South Florida property records and Extra Gossip , Gates now has a place in Wellington , Florida , paying U.S. $ 8.7 million in cash. The Mediterranean style residence is very different and much smaller than the high-tech compound and modern Gates extends over 5 acres with 4650 square meters of living space on Lake Washington , about 13 kilometers east of Seattle.

The doors of the house just purchased Wellington is reportedly a residence he and his family rented last year in January when her teenage daughter participated in the Winter Equestrian Festival. Built in 2010, the field has 4 bedrooms and 4 bathrooms with 670 square meters, open floor plan . Horse-friendly features like a 20 stall barn and arena jumping were probably part of the Gates decision to buy the house .

Gates is not the only purchase in Wellington businessman. New York Mayor Bloomberg and founder Michael Bloomberg has a house there, and the former owner of the LA Dodgers , Frank McCourt .

Real Florida: an opportunity for prices that you would not expect

Florida is a unique place in which to combine exclusivity , pleasant climate and excellent conditions for life with a wide range of cultural , social and sports activities for everyone. Reality in Florida while you can buy at prices that you would not expect .

The company offers Rellox will find a wide selection of properties in Florida from apartments to family homes to luxury villas with private beaches adjacent . Reality can collect throughout Florida including places like Miami , Palm Beach, Boca Raton , Orlando , Naples , Fort Lauderdale , Sarasota , Cape Coral and Venice . With the selection of a suitable apartment or house will be happy to assist you and then provide comprehensive services for the purchase of property . Real estates in Florida can be found here .
According to the needs and interests of each client select an appropriate property with the buyer to enter the letter . Reality in Florida can be an excellent investment , as well as a great place for first and second homes . Let us together for a brief overview of what everything Florida has to offer.

You love relaxing on the beaches warmed ?
Try to think , what is your idea of ​​a perfect spent the day relaxing . Sun rays watering warm soft sand, beautiful blue sea and plenty of options to choose how to spend your time . A nice comfortable couch doing nothing in a chilled drink in hand , bathing, sunbathing , boating, surfing or even beach volleyball. Deeply you can also enjoy romantic moments at sunset, which will conclude with a good dinner in one of the nearby restaurants and cafes.

Do you like golf?
Florida has a reputation as the promised land of golf . Perhaps nowhere in the world can not find in such a small space such a diverse number of quality golf courses. Due to the climate can pursue their passion throughout the year , if you want to be available to you the best trainers . Number of courses , of course, corresponds to the selection of the golf real estate , a property built on golf courses or in close proximity.

Do you own a yacht?
Florida , you can explore from the comfort of your own yacht . It will not happen to you that you should not where to anchor . Only in Fort Lauderdale will find an extensive system of canals with more than a hundred ports for your yacht . Coast of Florida is a long almost three thousand kilometers and offers many bays , estuaries and other wonderful places directly calling for the examination .

Selling condos shooting in Miami, despite the battered housing market

Condo sales in the Miami metropolitan area , especially luxury continue to rise thanks to foreign investors who see their discounted prices a tempting offer , while continuing the fall of the housing market in the state.

Sales of existing condominiums in the Miami metropolitan area rose 94 percent in April , from 723-1404 units , compared with the same period in 2010, according to figures from the Miami Association of Realtors .

Regarding the sale of family homes, an increase of 40 percent in April from the previous year was recorded , but down 19 percent from March .

" There's like a revival " in the city , but in " very localized areas " as the center , including the Brickell area , the financial heart of Miami , told Efe Utset Clara , Realtor Realty World Real Estate Center.

It is therefore a very localized phenomenon at low for the property market in the city, where the decline in home values ​​continues hours.

" I have not seen yet the market is changing. Prices have not stabilized ," said Utset , who said the "contradictory information " that currently broadcast experts .

In fact , he said, "the market has not yet bottomed out," according to experts, and " what I see is that it's much inventory of foreclosures and 'short -sale ' " in the city .

In your opinion, is just falling housing prices " what is moving the market" property .

In addition , most real estate transactions are made in cash , because " the bank still with enough restrictions" in providing credit , he said.

According to the Miami Association of Realtors , international sales accounted for 60 percent of total sales of resale and 90 percent of new construction .

A typical case of this flow of foreign money that comes to the rescue of the market is the Icon Brickell luxury condominiums , most of which was held by lenders when the real estate market collapsed in 2008 and 2009.

The complex of 1,800 units , the work of the developer Related Group , who until recently lived very low sales hours , has seen a marked improvement in the business opportunity that involves falling prices .

Just over a year after a group of banks became owner of two of the three towers that make up the Icon Brickell , has already sold more than 930 units of these , about three-quarters of the condos for sale, according to information gathered by The Miami Herald.

Buyers are mainly Argentines and Brazilians the most of these luxury properties Icon , whose initial asking price fell as much as 40 percent are held.

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