With the end of the
recession and the economy growth the interest in luxury real estate is awakened
too. When the buyers have more money in their pockets they spend it for items
that give them pleasure and delight. And the best of all is, when these items
are not only nice to look at but also rise in value like real estate
properties.
One of the latest
studies shows that this trend is not only concentrated to US properties but
also in other major countries. However, the spot one and three belong to the US
cities San Francisco and Miami. On spot two you find the Indian city Bangalore.
The Canadian City of Vancouver is on position four and is follow by the cities
of Jakarta, Tel Aviv and Tokyo. The only European city in this comparison on position eight is
Dublin in Ireland.
You are interested in
global real estate? We can assist you. Please contact us at andrea@florida-informations.com.
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A
condo needs not always to be spacious to cost more than a million when it is
purchased. One of the priciest tiny condos is on the market in Miami. It has
less than 800 sqft and the price tag for this little gem is $2.5 Million. That comes to
a sqft price of $3,125.
Maybe
you ask yourself why would anyone pay such a high price for a tiny little condo
like that? And you are right there are not so many buyers in the market for such a
home. Only 1 % of all nationwide real estate transactions are in this
category.
However,
there are some benefits that come with these units. Often the condo community
offers concierge services, housekeeping, cleaning and more. And the best of all – these units
are located in condo complexes often in the middle of the vital city centers with shopping,
healthy food and fitness options. The walkability and public transportation are
often a further great plus.
You
want to know where you can find such tiny little condos? Please contact us at andrea@florida-informations.com.
The newest and hottest trend in the Southeast Florida real
estate market are the condominium towers in Miami and Miami Beach. The
condominium complexes offer nearly everything you can dream of and you can pay
for.
During the housing crisis Miami was heavily burnt by buyers
who could not afford to close on their contracted condo and many complexes were
abandoned at that time. These times are long gone and the today’s developers
have learnt from their mistakes.
When entering in a contract for the new
construction condominium the buyer has to make a deposit of at least 50 % of
the purchase price or there is no contract. And these new rules are successful
and work very well because many condo complexes are sold out very quickly even
when the purchase price is beyond the million price range and the maintenance
fee are in the high-end range.
The trend for these new constructed condominium complexes is
to partner with design brands like Porsche, Giorgio Armani and Fendi. These brand
names promise luxury and extravagance and the designed buildings have
nothing ordinary. Everything is special and satisfies the highest expectations. The condo buyer has only to choose the best matching condominium complex for his/her individual
preferences.
All complexes come with a concierge services like dog
walking, making reservations for restaurants or theater tickets and certainly
with security. The complexes also offer over the top private fitness facilities and pools. Some condo communities even have an ice-skating ring or a soccer
field on the rooftop.
But the hottest feature in some complexes is the private elevator for the owner's car. This elevator lifts the car
to the private garage next to the condo unit. The second variance for the car
parking is the smart phone directed robotic parking. The owner calls the car and meets the car at the front door. Valet parking or self-parking
on the premises is today so outdated.
For more details about these condo complexes please contact
us at andrea@florida-informations.com
You think that is not
possible? Such people have tons of money and can sit out the market downturn
and financial crisis? That would be nice but these individuals have also their
financial troubles. The only difference is that their foreclosure drama often
starts later then that one of you and me.
The housing crisis and
the stock market crash in 2008 affected the wealthier people with home values
of $750,000 and more in the same way but they could survive the meltdown and avoid
foreclosure longer than the ordinary middle class. The ordinary housing market
had its highest foreclosure level in October 2011 while the high priced luxury
market had its highest numbers in May 2012 and it is not yet over.
The states with the
largest number of high end luxury mansions in the foreclosure process are New
Jersey, New York and Florida. These states belong also to the states where many
rich people own their primary or secondary residence.
We are here for you to
present you the most elegant, luxury mansions, andrea@florida-informations.com
