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Showing posts with label international. Show all posts
Showing posts with label international. Show all posts
Tuesday, January 31, 2012
12:36 PM
Unknown
Friday, November 18, 2011
8:33 AM
Unknown
While Miami may be the most culturally diverse city in Florida, Tampa bay is not far behind. The Hispanic population in Tampa Bay is the second largest ethnic group and the South American presence in the Tampa Bay area is very obvious. The abundance of waterfront and beach properties that Tampa Bay offers attracts those international investors and buyers; mainly because it’s what they are accustomed to in South America, but also those who are looking for homes, condos, town homes, and properties at better prices. Tampa Bay also stands out to the South American crowd, not only due to sub-tropical climates, but also offers reduced prices on consumer goods that are more expensive in countries like Brazil for example. The Tampa Bay real estate market and lifestyle also stands out to international investors and buyers due to an abundance of malls and shopping centers. Internationals can purchase designer goods and products at cheaper prices than they may be accustomed to. The owner of Algebra Realty in Miami, Jose Augusto Pereira Nunes, sums it up best by saying, “the tide and winds are in their (South Americans) favor, the exchange rate being the tide and prices here being the winds.”
If you or anyone you know is interested in learning more about the Tampa real estate market please contact SI Real Estate at 813.631.5144 or email us at Yourhome@SIRealEstateInvestments.com.
Friday, December 17, 2010
11:48 AM
Unknown
This has been an exciting year in the real estate market in Tampa, Florida. The real estate market moved at a fast pace in the first half of the year when the federal government decided to extend the 2009 Homebuyer Tax Credit. Originally, the tax credit was to end on November 30, 2009. However, the 2009 First Time Home Buyer Tax Credit was extended so that those with a binding contract on or before April 30, 2010 and closing on or before June 30, 2010 would be able to take advantage of this fantastic opportunity to become a homeowner. This fueled the real estate market in a big way.
Another major force in the real estate market this year has been the abundance of REOs (bank owned) properties that were for sale on the market. These properties sold just about as quickly as they were listed. Not only did they sell quickly, but they received multiple offers which caused an interesting bidding situation for all involved parties. This resulted in a serious reduction in the housing inventory which has been important to bringing pricing stability to the real estate market.
One cannot look at the past year without mentioning the force and affect of foreign investors on our market. International investors swarmed to buy properties in Florida and across the nation. The bloated inventory of homes combined with high unemployment and a weak currency created an incredibly attractive buyer’s market for the savvy international investor. Rather than investing in the stock market, many international investors purchased property and reaped immediate financial rewards for doing so.
Several factors have been at play in the real estate market in 2010. Tax incentives for first time home buyers and move-up/repeat home buyers, record high affordability in housing prices, near record low mortgage interest rates, and an influx of foreign investors, all combined have been and will continue to be critical to the housing and overall economic recovery.
SI Real Estate has had a fantastic year in 2010 and is excited about the upcoming year and opportunities in the real estate market. Are you interested in getting a piece of the real estate action? Give us a call at (813) 631-5144 any time.
Another major force in the real estate market this year has been the abundance of REOs (bank owned) properties that were for sale on the market. These properties sold just about as quickly as they were listed. Not only did they sell quickly, but they received multiple offers which caused an interesting bidding situation for all involved parties. This resulted in a serious reduction in the housing inventory which has been important to bringing pricing stability to the real estate market.
One cannot look at the past year without mentioning the force and affect of foreign investors on our market. International investors swarmed to buy properties in Florida and across the nation. The bloated inventory of homes combined with high unemployment and a weak currency created an incredibly attractive buyer’s market for the savvy international investor. Rather than investing in the stock market, many international investors purchased property and reaped immediate financial rewards for doing so.
Several factors have been at play in the real estate market in 2010. Tax incentives for first time home buyers and move-up/repeat home buyers, record high affordability in housing prices, near record low mortgage interest rates, and an influx of foreign investors, all combined have been and will continue to be critical to the housing and overall economic recovery.
SI Real Estate has had a fantastic year in 2010 and is excited about the upcoming year and opportunities in the real estate market. Are you interested in getting a piece of the real estate action? Give us a call at (813) 631-5144 any time.
Friday, November 19, 2010
9:44 AM
Unknown
SI Real Estate has specialized in working with international real estate clientele for many years, and it appears that many other REALTORS® in Tampa, Florida and around the nation are learning the importance of understanding this sector of the real estate marketplace. The real estate market continues to enjoy a large international investor pool of buyers. This is great for the real estate market and the economy as a whole as it helps to reduce inventory of properties for sale and will lead to housing price stabilization.
The 2010 REALTORS® Conference & Expo in New Orleans that was held in the first week of November had a series of international discussions to gain global real estate insights during the “Bringing International Real Estate Practices to the U.S.” seminar at the conference. S. Nicolai Kolding, partner at REAL trends and Murray Consulting, spoke about the real estate landscape saying, “As a real estate professional, especially one that works with international clients, it is vital that you are educated on the differences in real estate practices throughout the world. Not only does it make you more valuable as a professional, but also it helps the U.S. real estate industry learn from other countries, essentially becoming a more global society.”
Vicki Cox Golder, president of the National Association of REALTORS® echoed that by adding, “According to the 2010 NAR Profile of International Home Buying Activity, more and more REALTORS® are working with international clients who want to buy in the U.S. and realize the importance of understanding different cultures and real estate practices – it’s just one more way REALTORS® add value to buyers, sellers and investors.”
International investors most often purchase real estate in the United States with cash. Cash is still king in any marketplace, and it is especially true in the world of real estate. So, while some prospective home owners and investors in this country sit waiting on the fence to see when the market may bottom out, international investors are snapping up properties in large numbers.
Ultimately, we will be living in a truly “global” society. SI Real Estate has prepared itself for this trend. Have you? To learn more about international investment in the United States, call SI Real Estate at 813.631.5144. After all, we are “Global Real Estate in Every Way!”
The 2010 REALTORS® Conference & Expo in New Orleans that was held in the first week of November had a series of international discussions to gain global real estate insights during the “Bringing International Real Estate Practices to the U.S.” seminar at the conference. S. Nicolai Kolding, partner at REAL trends and Murray Consulting, spoke about the real estate landscape saying, “As a real estate professional, especially one that works with international clients, it is vital that you are educated on the differences in real estate practices throughout the world. Not only does it make you more valuable as a professional, but also it helps the U.S. real estate industry learn from other countries, essentially becoming a more global society.”
Vicki Cox Golder, president of the National Association of REALTORS® echoed that by adding, “According to the 2010 NAR Profile of International Home Buying Activity, more and more REALTORS® are working with international clients who want to buy in the U.S. and realize the importance of understanding different cultures and real estate practices – it’s just one more way REALTORS® add value to buyers, sellers and investors.”
International investors most often purchase real estate in the United States with cash. Cash is still king in any marketplace, and it is especially true in the world of real estate. So, while some prospective home owners and investors in this country sit waiting on the fence to see when the market may bottom out, international investors are snapping up properties in large numbers.
Ultimately, we will be living in a truly “global” society. SI Real Estate has prepared itself for this trend. Have you? To learn more about international investment in the United States, call SI Real Estate at 813.631.5144. After all, we are “Global Real Estate in Every Way!”
Thursday, October 28, 2010
9:56 AM
Unknown
The word is out…real estate in Tampa Bay and around Florida is a hot commodity for foreign investors! Not only is the weather hot in Tampa, Florida, so is the real estate market. International investors from Argentina, Canada, Colombia, France, Israel, Italy, Norway and Venezuala are swarming to Florida for what they see as irresistible real estate deals.
According to msnbc.com’s recent article, Foreign Investors Not Scared of Housing Market, “For the international investor class, the United States’ bloated inventory of homes, high unemployment and weak currency make for an unusually attractive buyer’s market.”
Peter Zalewski, founder of Condo Vultures, a consulting and brokerage firm stated, “I have never seen such a high concentration of foreign nationals acquiring real estate. Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented.” And Miami is not the only “hot spot” for international real estate investors. Surges have been seen in Tampa, Washington, New York, Las Vegas, Los Angeles and San Francisco.
A recent National Association of Realtors report points to this trend as well. 28 percent of brokers reported they had worked with at least one international client, up from 23 percent a year ago. Among these, 18 percent had completed at least one sale, compared with 12 percent in the 2009 report.
These international investors are choosing to invest in real estate rather than in the stock market. The math is easy and seductive for foreign investors who pay with cash as there deals start making money for them right away. Interestingly, due to the fire sale prices in the United States, real estate is now within the reach of the global upper-middle class, and no longer just for the wealthiest of investors.
The reduction in inventory is a very positive outcome for our real estate market as it will ultimately aid in the overall stabilization of the economy. “It’s a positive in a sea of negatives,” says Jonathan Miller, chief executive of Miller Samuel, a real estate consulting firm in New York.
To learn more about how international real estate investing or to become one of those taking advantage of a fantastic buyer’s market, please call SI Real Estate today. SI Real Estate is “Global Real Estate in Every Way!”
Call us at (813) 631-5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at www.SIRealEstateInvestments.com
According to msnbc.com’s recent article, Foreign Investors Not Scared of Housing Market, “For the international investor class, the United States’ bloated inventory of homes, high unemployment and weak currency make for an unusually attractive buyer’s market.”
Peter Zalewski, founder of Condo Vultures, a consulting and brokerage firm stated, “I have never seen such a high concentration of foreign nationals acquiring real estate. Eighty percent of the sales in downtown Miami are foreign-based. This is unprecedented.” And Miami is not the only “hot spot” for international real estate investors. Surges have been seen in Tampa, Washington, New York, Las Vegas, Los Angeles and San Francisco.
A recent National Association of Realtors report points to this trend as well. 28 percent of brokers reported they had worked with at least one international client, up from 23 percent a year ago. Among these, 18 percent had completed at least one sale, compared with 12 percent in the 2009 report.
These international investors are choosing to invest in real estate rather than in the stock market. The math is easy and seductive for foreign investors who pay with cash as there deals start making money for them right away. Interestingly, due to the fire sale prices in the United States, real estate is now within the reach of the global upper-middle class, and no longer just for the wealthiest of investors.
The reduction in inventory is a very positive outcome for our real estate market as it will ultimately aid in the overall stabilization of the economy. “It’s a positive in a sea of negatives,” says Jonathan Miller, chief executive of Miller Samuel, a real estate consulting firm in New York.
To learn more about how international real estate investing or to become one of those taking advantage of a fantastic buyer’s market, please call SI Real Estate today. SI Real Estate is “Global Real Estate in Every Way!”
Call us at (813) 631-5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at www.SIRealEstateInvestments.com
Wednesday, October 13, 2010
8:40 AM
Unknown
The real estate market in Tampa, Florida and is seeing an increase in sales to foreign investors, and we aren’t the only city witnessing this spike in foreigners purchasing real estate. Florida and many states across the nation have become target markets for international investors looking for a place to invest their money. Who can blame them? Real estate prices are phenomenal, interest rates are maintaining in the low 4% range, and the strength of foreign currency in relation to the dollar make this a smart investment choice for many.
Interestingly, this swarm of foreign investors could very well be what catapults the real estate market into a long-awaited rebound. As the real estate inventory gets bought up, a natural outgrowth will be housing price stabilization. And that is good news for the real estate market! A reduction in inventory and house price stabilization along with fantastic mortgage rates will continue to spur economic recovery.
SI Real Estate works with many international investors and is well aware of this trend. In a recent article Foreigners Buying Up U.S. Property, Jack H. Levine, chairman of the board of the Miami Association of Realtors recently commented on this as well saying, “Record affordability, a wide selection of properties to choose, and an enviable lifestyle continue to attract both international and U.S. buyers.” Many know that we are definitely in a buyer’s market, but what they may not be aware of is that this is very much an international buyer’s market.
Interestingly, this swarm of foreign investors could very well be what catapults the real estate market into a long-awaited rebound. As the real estate inventory gets bought up, a natural outgrowth will be housing price stabilization. And that is good news for the real estate market! A reduction in inventory and house price stabilization along with fantastic mortgage rates will continue to spur economic recovery.
SI Real Estate works with many international investors and is well aware of this trend. In a recent article Foreigners Buying Up U.S. Property, Jack H. Levine, chairman of the board of the Miami Association of Realtors recently commented on this as well saying, “Record affordability, a wide selection of properties to choose, and an enviable lifestyle continue to attract both international and U.S. buyers.” Many know that we are definitely in a buyer’s market, but what they may not be aware of is that this is very much an international buyer’s market.
Wednesday, September 29, 2010
11:48 AM
Unknown
At SI Real Estate, we are keenly aware of the fact that international investors continue to seek to purchase real estate in Florida and in other regions in the United States. We have seen a steady influx of foreign investors who are actively investing in our Tampa Bay housing market. While some naysayers about the real estate market here in Tampa, have been sitting idly by, the global investor community are buying real estate, and making money doing it!
Some may ask, “Just who is it that is investing in our real estate market?” Well, the latest profile of international activity in the U.S. housing market published by the National Association of Realtors® has revealed many interesting figures regarding that question. Foreign Investment in U.S. Real Estate (2010) – The Stats (Realtors Report) shows the biggest finding was in the state by state breakdown of foreign purchases. The report shows that Florida had 22% of the transactions by international purchasers, California had 12%, Arizona had 11%, and Texas had 7%.
SI Real Estate has worked with international investors for many years and continues to do so. The weak dollar along with bargain-basement real estate prices in the Tampa, Florida area makes this a great place for the international investor to purchase multiple investment properties. Feel free to contact us for more information on investing in the Tampa, Florida real estate market.
Call us at 813.631.5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
Some may ask, “Just who is it that is investing in our real estate market?” Well, the latest profile of international activity in the U.S. housing market published by the National Association of Realtors® has revealed many interesting figures regarding that question. Foreign Investment in U.S. Real Estate (2010) – The Stats (Realtors Report) shows the biggest finding was in the state by state breakdown of foreign purchases. The report shows that Florida had 22% of the transactions by international purchasers, California had 12%, Arizona had 11%, and Texas had 7%.
Also shown in the report is a look at the nationalities that are most prevalent in the U.S. housing market:
Another finding in this report was the breakdown of foreign purchases by purchase price. During recent years there was a lot of talk about prime property markets performing better than lower bands, but the NAR report has confirmed that this is not the case in the U.S.
“All in all the report contained few surprises, right down to the fact that most properties purchased by foreigners were cash-sales. None the less it is still good to get a look at how the market today compares with the last few years, and if anything the lack of differences between the market during the boom and during the bust is the biggest surprise.”
SI Real Estate has worked with international investors for many years and continues to do so. The weak dollar along with bargain-basement real estate prices in the Tampa, Florida area makes this a great place for the international investor to purchase multiple investment properties. Feel free to contact us for more information on investing in the Tampa, Florida real estate market.
Call us at 813.631.5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
Tuesday, September 21, 2010
9:38 AM
Unknown
International buyers of real estate are purchasing homes, townhomes and all types of properties here in Tampa, Florida, and around the state. Tampa has long been known to be a destination city due to the abundance of sunshine, beautiful beaches, a world-renowned international airport, and world-class entertainment and amusement parks. Florida has a history of attracting European, Canadian and South American buyers due to its proximity to these countries. According to International Interest in U.S. Homeownership Increases, Realtors® Report, a recent article published by the National Association of Realtors®, “International buyers were reported in 39 states in 2010, but a slight majority of the total buyers are concentrated in Florida, California, Arizona and Texas. These four states account for 53 percent of purchases and have remained the top destinations for the past three years, with Florida and California remaining the top two destinations.”
“A large majority of Realtors® report the changes in value to the U.S. dollar have had a strong impact on the international real estate business. In addition, perceptions abroad about trends in the U.S. Real estate market have led many international clients to believe purchasing a home in the U.S. is more affordable than in their country and holds more value.” Many Realtors indicate that they have worked with at least one international client in the past year, which is up from 2009. Between April 1, 2009 and March 31, 2010 foreign buyers have purchased $66 billion of U.S. residential property which equates to 7 percent of the U.S. residential market.
Tampa will continue to be a strong attraction to international real estate investors as a large percentage of properties that are for sale today and that will be coming on the market will be at phenomenal prices. “The strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country.”
So, while some buyers may be sitting on the fence wondering when the real estate market will bottom out, international real estate investors are buying up Florida real estate. Those still sitting on the fence will look back and wonder, “Why did I wait so long?”
Call SI Real Estate today to find out how to invest in Tampa, Florida real estate. As our tag line illustrates, SI Real Estate is “Global Real Estate in Every Way!”
Call us at 813.631.5144 (any time!)
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
Follow us on www.Twitter.com/SIRealEstateInv
“A large majority of Realtors® report the changes in value to the U.S. dollar have had a strong impact on the international real estate business. In addition, perceptions abroad about trends in the U.S. Real estate market have led many international clients to believe purchasing a home in the U.S. is more affordable than in their country and holds more value.” Many Realtors indicate that they have worked with at least one international client in the past year, which is up from 2009. Between April 1, 2009 and March 31, 2010 foreign buyers have purchased $66 billion of U.S. residential property which equates to 7 percent of the U.S. residential market.
Tampa will continue to be a strong attraction to international real estate investors as a large percentage of properties that are for sale today and that will be coming on the market will be at phenomenal prices. “The strength of the dollar, the value and desirability of U.S. real estate, and the emerging economic recovery, continue to drive international interest in owning a home in this country.”
So, while some buyers may be sitting on the fence wondering when the real estate market will bottom out, international real estate investors are buying up Florida real estate. Those still sitting on the fence will look back and wonder, “Why did I wait so long?”
Call SI Real Estate today to find out how to invest in Tampa, Florida real estate. As our tag line illustrates, SI Real Estate is “Global Real Estate in Every Way!”
Call us at 813.631.5144 (any time!)
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
Follow us on www.Twitter.com/SIRealEstateInv
Thursday, September 9, 2010
1:19 PM
Unknown
Investors…That’s Who!
Combine the fact that Tampa is a beautiful place to live, and realize the unbelievable deals here in the real estate market, and it becomes a no-brainer. Tampa, Florida is a great place for investors wishing to purchase real estate!
It is no secret that property values took a major dip when the real estate bubble burst and much of the real estate that is on the market are properties at fire-sale prices! The statement that it is a buyer’s market is absolutely true.
SI Real Estate is anticipating the next wave of bank-owned assets will provide even greater opportunities for smart investors. Opportunities are abundant, and more chances for finding those great real estate investments are on the way. For those investors who are already participating in the real estate market, good for you! For those who have investment dollars and are not considering purchasing real estate we ask, “Why not?” What questions do you have that we can answer for you? Just ask!
SI Real Estate has a long history of experience dealing with investors. We already know that Florida tops the nation for attracting foreign interest. That knowledge is backed up by the National Association of Realtors® summer report which places Florida first with 22 percent of all foreign clients choosing to purchase here, and California in a far second with 12 percent of the international market.
We live in a global marketplace. “While all real estate in the U.S. is local, the same is not true for property owners,” said NAR President Vicki Cox Golder. “The U.S. continues to be a top destination for international buyers from all over the world”, according to an article titled International Interest in U.S. Homeownership Increases, Realtors® Report by the National Association of Realtors®.
So, if you have been thinking about investing in Tampa, Florida real estate, think no more. It is time to act. Call us today to learn how you, too, can join the ranks of the smart investor. After all, SI Real Estate is “Global Real Estate in Every Way!”
Call us at 813.631.5144
Email us at YourHome@SIRealEstateInvestments.com
Visit our website at http://www.sirealestateinvestments.com/
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