Data from the Miami Association of Realtors and Southeast Florida Multiple Listing Service show sales of single family homes and condominiums in Miami Dade County totalled 24,929 which is 4% more than sales in 2005, and a massive 46% increase on sales in 2010. The end of the year saw sales condominiums increase by 54%, while sales of single family homes increased by 36%.

These sales exceeded all predictions, and Miami has recovered much faster than anywhere else in the US. This year is expected to see further growth and could even see price rises into double digits. Miami is an exceptional market as throughout the rest of the state sales of condominiums dropped by 2% as did sales of single family homes in December.

December saw the median sales price of condominiums increase 31% to $129,900 from a year earlier while the median sales price of single family homes increased by 16% to $182,300.

Elsewhere in the state median sales prices for December increased by 4% for condominiums to $91,900 and by 1% for single family homes to $134,300. Inventory levels have fallen by 40% over the past year, and there is now just a 4.9 month supply of condominiums and a 5.8 month supply of single family homes in Miami Dade County, showing a relatively balanced market. International buyers and investors are still very active in Miami, and are expected to continue strengthening the market during 2012.

Anyone interested in getting a piece of bargain Miami real estate before it’s too late should check out our Courts at Bayshore development, offering top quality tenanted investment apartments in Miami from £56k.

This was a good question, but not one that is difficult to answer if you drill down into what it is you want to achieve from your property investment. At the end of the day it really boils down to whether you’re a holiday investor or a serious investor.

If you’re a holiday investor, there is nothing wrong with that, you might crave the excitement Florida has to offer, the beaches, Disneyland, the fantastic climate in fact you name it, Florida probably has it. This is why people are so attracted by the idea of a property in America’s Sunshine State.

Thanks to the great USA real estate downturn, property is now so cheap you can pick up villas in Florida with a pool for less than half the price of a 2-bedroom apartment in Bolton, UK.

Sounds tempting doesn’t it? However, before we dive into that pool let’s take a closer look at the options…

As I mentioned this friend of mine was asking me to tell him which route I would go down, the tenanted property or the holiday home. If I were to go for the latter, I would have my villa in Florida, preferably in a location that attracts a fair amount of tourism so that I can enjoy the twin benefits of a rental income in peak season and a place to spend my holidays and get away from the cold grey winter days back in the UK.

Perfect!

Not quite. When we look beyond the obvious attractions and take off the rose tinted specs we find there are costs associated with running this particular holiday home that we didn’t foresee at the time. Consider the following:

• Council Tax
• Community Fees
• Property Booking Fees
• Property Management Fees
• Property Cleaning
• Building Insurance
• Contents Insurance
• Furniture
• Pool Cleaning
• Electric Bills
• Water Bills
• Telephone Bills
• Internet Bills
• Lawn Cutting
• Annual Hotel Licence

“Have a nice day” as they say in the USA!

So as you can see owning a holiday home in Florida can be an expensive business even if the property appears to be a bargain. That said, depending on the area and the season you might also see the benefit of $700 to $1,000 a week for a four-bedroom detached property in Florida.

This is great if you can let the property for more than 30 weeks a year, but outside of peak season this is unlikely without putting in some hard work on advertising your property and even more work dealing with the needs of multiple tenants.

On top of this you might not even cover your mortgage payments, which is the trap many overseas investors often find themselves in.

But don’t despair, there is another way, and that’s tenanted properties in Florida…

Like any good investment this will require a degree of sacrifice, you won’t be able to spend your holidays in it, but it will turn the notion of a “holiday  home” on its head.

A tenanted property in Florida will fund your holiday and more importantly pay for itself with steady cash-flow. Your tenanted property is then your “holiday property” for a few reasons:

• It will reduce your associated property costs by more than half
• It will produce a constant and steady flow of income
• You can use the savings and profit to spend on holidays

A famous economist named Paul Samuelson once said “investing should be more like watching paint dry or watching grass grow, if you want excitement take $800 and go to Las Vegas.”

Before you fly west, the exciting thing about Florida tenanted property is that there are now opportunities to earn a profit of up to $8,000 per annum based on net yields of between 7-10%. This is after you have paid out the following:

• Council Tax
• Community Fees
• Property Management Fees
• Building Insurance
• Contents Insurance

Now doesn’t that sound more exciting than watching paint dry? And just think of the extra holidays you could have with that sort of rental profit.

This leaves us with one more concern, what if my property doesn’t have a tenant?

The sub-prime challenges in the US have pushed many to change their attitudes to renting. The most stable markets, from a property investment perspective, are ones where you have strong local demand for property.

In Florida’s case, demand for rental property is huge – as its inhabitants simply do not want to buy in the current economy. The state is actually on track to reach a new sales record this year thanks to demand from those investors who are taking advantage of the distressed market.

You may also have read the report by Florida Association of Realtors, which revealed that the average price for existing homes is now 21% higher than a year ago.

This tells us that the bottom of the USA property market is now well and truly behind us, but the potential of Florida tenanted properties is right there ahead of us. So, instead of taking a bet on a holiday let, I would recommend a more relaxed route to property wealth generation, where the tenant pays your mortgage and costs – allowing you time off to enjoy your holidays!

Click here to review our tenanted Florida real estate.

Click here to review our tenanted Atlanta real estate.

If you have any questions, we would be delighted to assist you. Please feel free to Call: +44 (0) 207 100 2393 or Email: info@colordarcy.com.

We look forward to the opportunity of assisting you to invest securely and successfully.

Kind regards,

Loxley McKenzie
Managing Director

P.S. Are Florida Tenanted Properties a Better Bet Than a Holiday Let? Please leave feedback below.

Seasonally adjusted figures show economic activity increased by 1.15% in November compared to October, whereas experts had been forecasting a gain of just 0.9%.  This follows December’s report by the Centre for Economic and Business Research saying that Brazil’s economy is now larger than that of the UK, as the sixth largest in the world.

Brazilian domestic spending is being helped by lower interest rates, as well as measures designed to cut taxes and boost credit and generally stimulate the economy. Analysts think the central bank will cut borrowing costs still further and are predicting them to fall to 10% by May.

In the three months preceding November economic activity declined, making this the longest period of contraction seen by the country since the Lehman Bros went bankrupt in 2008. It was the first time the country had seen economic contraction in over two years — industrial output has also fallen for five out of the last eight months.

Interest rates have now been cut three times since August. What’s more the government has lowered taxes on consumer goods and eased credit restrictions, in an effort to try to protect the country from the European debt crisis. People have responded by spending more, as retail sales increased by 1.3% in November — the fastest rate in 15 months. Growth for Brazil is predicted to be 3.27% this year, with growth for 2013 predicted to be 4.2%.

Salvadore Brazil

Experts are predicting 10-15 percent growth in residential property prices in Brazil this year, but with little risk of a bubble. Of the 15 research groups, business associations and banks polled by Reuters, most believe there is little risk of a downturn due to continued affordability and improvement in salaries.

The middle class in Brazil is expanding fast with many planning to buy their own homes for the first time, even though prices have nearly doubled in certain neighbourhoods.

In São Paulo, Brazil’s largest city the average property grew in value by 85% between April 2009 and October 2011 to $3,250 per square metre, although growth is expected to slow somewhat as the Brazilian economy cools.

During the same period consumer inflation increased by nearly 15%, but is expected to remain at about 5.5% during 2012.

Even though Brazilian property prices have increased spectacularly over the last few years, experts don’t feel there is any risk of a large price correction. This is because property prices were extremely low during the 80s and 90s when Brazil was struggling with low growth rates, hyperinflation and only modest credit expansion. And because the majority of Brazilians are buying property in which to live in rather than as a vehicle from which to make money.

http://www.propertywire.com/news/south-america/brazil-property-prices-2012-201201035935.html

Property remains the number one investment choice for financial gain; however, 2011 will not go down in history as one of the more successful years for some property investors! With this in mind, we have compiled a report outlining “The 5 Worst Property Markets To Invest In 2011.”

5. The Czech Republic

In fifth place was the Czech Republic where annual property price increases of between 20 to 30% are a distant memory and now a combination of high prices, oversupply and some of the lowest rental yields in Europe have made this a property investor’s bohemian nightmare.

4. Bulgaria

In fourth place was Bulgaria which was once regarded as the ‘the new Spain’ for overseas investors, not anymore! Property prices are in freefall and with the exit of British and Irish buyers, Russian investors now dominate the market and their strong bargaining skills result in continued falling prices.

3. Greece

In third place was Greece. With a debt to the tune of 340 billion Euros and property prices falling by 10% in the first half of 2011 alone, it is deserving of its podium placing.

2. Cyprus

In second place was Cyprus. A long time favourite with British investors, but now even its biggest advocates are losing interest. A stagnant economy and its vulnerability to the Greek crisis with two of its largest banks exposed to a total of 5 billion Euros doesn’t bode well.

1. Ireland

Finally in first place was Ireland. It seems that ‘the luck of the Irish’ has finally deserted them. Once the envy of the world when the property markets boomed between 2000 and 2006, the sheer scale of their downward spiral becomes apparent when you recognise that apartment prices fuelled by yet another painful 15% fall in 2011 are now down by a massive 60% from their peak.

Download Your FREE “The 5 Worst Property Markets In 2011” Report

To download the full report – “The 5 Worst Property Markets In 2011”, please click the link below.

Click here

Loxley’s Views

For a property market to be of interest to savvy investors it needs certain qualities in order to make it viable; a stable economy, good capital growth prospects, a reliable rental market and accessibility to mortgage finance.

Ultimately, property should be an investment that pays for itself; however, anyone investing in any of the 5 featured countries will probably have ended up losing money in the last 12 months.

It is significant that all five countries are from the European arena and no surprise following the recent rekindling of the debt crisis in the Eurozone and the impact this has had on those countries struggling to recover from the economic slowdown within its borders.

The current market conditions pose a challenge for the portfolio property investor in 2012 and on the flipside, opportunities. With uncertainty still a major factor in Europe it is no longer the case that focus can be switched to other countries and markets that show signs of growth without doing the research.

The interesting thing about this current property slump in Europe is that it has spread to all areas from the emerging capitals of Central and Eastern Europe, to popular coast and ski resorts.

Some are showing signs of recovery, but the property markets within weak economies are still sliding, which is why it is no coincidence that those who have struggled most in 2011 are all in our top five.

So as we take a break to consider what’s in store for 2012 it is right to feel cautious, but there is also cause for optimism. There are now unprecedented opportunities to invest in the types of housing that would have been unthinkable back at the peak of the market in 2008. These kinds of opportunities also exist beyond Europe’s borders in the US.

Understanding the market you invest in is now more important than ever. Bulgaria, Ireland and Cyprus should provide a warning for those who don’t consider the underlying fundamentals of a property market before investing.

In a market where the some of the old rules don’t apply, we still believe it is important to ask yourself one basic question before you invest; will this be a property that pays for itself?

Download Your FREE “The 5 Worst Property Markets In 2011” Report

To download the full report – “The 5 Worst Property Markets In 2011”, please click the link below.

Click here

Kind regards,

Loxley McKenzie
Managing Director

P.S. What other property markets should be included in the worst places to invest in 2011?  Please leave your comments below.

You’ve read the report by the Florida Association of Realtors, which details the fact that average sales prices, for existing homes is now 21% higher than a year ago. It is clear that the bottom of the USA property market is now well and truly behind us.

Today you can invest in a newly refurbished, fully managed, Florida Tenanted Villa with 7-10% NET yield, joining the smart investors, who have invested in property that pays for itself.

Deal Summary – Actual Example

What Makes Florida Villas With Tenants In Place So Special:

Prices from $76,000 / £47,000

• Tenants in Place
• Net Yields in the Region of 7% to 10%
• Fully Managed
• A Reduction of More Than $200k from Peak Prices
• 3 and 4-Bed Villas
• Fully Refurbished
• Two Car Garage
• Top Location

An Early Investor Testimonial

“My wife and I owned two holiday villas in Florida. We sold in 2006 (thankfully), because we could not make enough money to cover the running costs. We then decided that investing in Florida Tenanted Villas would make much more sense. We have bought three properties from Colordarcy and it is nice for a change to look into our bank account and see money coming in – rather than going out!”

Phillip and Rebecca Maslen, United Kingdom – invested in 3 Florida Tenanted Villas

Don’t Miss Out, Call or Email us Today

If you would like to discuss this opportunity in more details, please Call: +44 (0) 207 100 2393, Email: info@colordarcy.com, or simply let us know a suitable time to call you back for FREE.

Click here to request your FREE CALL BACK

We look forward to the opportunity of assisting you to invest securely and successfully.

Kind regards,
The Colordarcy Team

Turkbuku is a thriving community set in the heart of the Turkish Riviera just 15 minutes drive from Bodrum.  Over the years Turkbuku has grown in statue and is now one of the most sought after locations in Turkey and in turn has become a playground for the rich and famous with a host of celebrities ranging from famous musicians to footballers calling it home. Inevitably property prices have soared and you are just as likely to witness the paparazzi here as you would in St Tropez!

Colordarcy are currently marketing ‘Cavea Evleri’ a bespoke new luxury development nestled in the heart of Turkbuku in an elevated position amid landscaped grounds and offering far reaching sea views.

Loxley McKenzie Managing Director of www.colordarcy.com said “Cavea Evleri is perhaps on first sight not your typical new development. Closer inspection details a selection of penthouses and duplex apartments built in a unique ‘cave’ design in what will ultimately become a welcome focal point and obvious talking point for years to come. The name ‘Cavea’ originates from subterranean cells in which wild animals were confined before combat in a Roman amphitheatre. However don’t confuse the cells of yesteryear with these stunning properties of the 21^st Century!  Designed by Kaan Cetinkaya an award winning architect who won ‘Best Architecture Multiple Residency Turkey’ at the European Property Awards of 2011 the new Cavea Evleri development is based on a particular theme and philosophy and it stems from the barky appearance of the regions ancient rock tombs that date back several millennia, with the aim being that the development will blend into the natural setting rather than stand out.”

Due for completion in June 2012 these bespoke 2 – 3 bedroom apartments, with no one apartment mirroring another come with all mod-cons, with air conditioning and white goods as standard. Furthermore, their location is just a short walk from the harbour and the boardwalk which is a regular haunt of the aforementioned celebrities and as such offers a large selection of shops, bars and restaurants.

Prices start from just £406k with reservation deposits of just £2k and as always at this off plan stage it offers the investor even greater value for money.

Loxley continues, “It is has been well documented that Turkey has a growing dynamic young population and the need for new developments has left a massive shortfall in the market, hence the continued uplift on property prices. However demand for coastal properties particularly in the holiday home sector is booming and this is in part, due to the countries huge progress in adaption to the EU. Prices continue to spiral upwards and projected capital growth is massive! Cavea Evleri is a prime investment opportunity and with an award winning architect at the helm, unrivalled location and bespoke design I am hard pushed to find a better investment opportunity in Turkey at this time!”

Click here for more information: http://www.colordarcy.com/property/overseas-property/turkey-bodrum-cavea-evleri.php

Notes to the editor:

Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Their aim is to provide their clients with properties that offer the unique combination of strong growth returns and cash flow positive income.

Investing in positive cash flow property significantly reduces the risk because the property will pay for itself regardless of market conditions, employment status or other financial commitments.

Colordarcy provides complete support before, during and after a sale, including finding tenants, financial assistance, viewing trips and currency services. Colordarcy are proud members of the ‘Association of International Property Professionals’ (AIPP), and abide by its code of conduct, one established to protect the buyer, by ensuring members follow professional guidelines and procedures.

Colordarcy investment property portfolio includes some of the best properties for sale in Atlanta, Brazil, Egypt, Florida, France, Greece, Portugal, Spain and Turkey.

For more information, supporting pictures or logo artwork, please contact:

Steve Billing
PR Manager
Tel: +44 (0) 207 100 2393
Email: press@colordarcy.com

Colordarcy Investment Ltd
35 New Broad Street
London
EC2M 1NH

There is unanimous consensus amongst industry experts that Turkey is one of the best places in the world for property investment, with Istanbul highlighted as the number one city to invest in property by PricewaterhouseCoopers 2011 “Emerging Trend in European Real Estate” report.

The statistics appear to prove this theory with a marked increase in the number of foreigners investing in property in Turkey. According to the Turkish Real Estate Investing Partners Association (GYODER), sales to foreigners of Turkish property grew by an impressive 40% in 2010 when compared to 2009.

Domestic demand is also growing significantly according to the GYODER report. The country’s strong economic growth, rising employment and growing affluence is increasing purchasing power of the population.

An increasing number of Turkish citizens are now able to buy property and actively participating in the market. As one of the fastest growing populations in the world and the massive migration to cities and tourist resorts for work, demand for property in these key areas is growing.

Throughout the country there is a shortage of homes, especially in areas that are receiving an influx from the extensive internal migration currently occurring in Turkey. As a whole, projections for property demand in Turkey will reach 2.9 million houses by 2015.

As Istanbul and other major cities such as Izmir and Antalya become major business hubs, drawing domestic workers and international businesses alike, demand for property will only continue to grow.

The strong domestic and international demand for property in Turkey has seen property prices rise by 6% year-on-year, according to the GYODER report. With tourism growing at an ever-increasing pace, buy-to-let investors who are entering the market are seeing massive potential to earn immediate rental yields whilst benefiting from long-term capital appreciation for the foreseeable future.

Click here to review our properties for sale in Turkey.

If you have any questions, we would be delighted to assist you. Please feel free to Call: +44 (0) 207 100 2393 or Email: info@colordarcy.com.

We look forward to the opportunity of assisting you to invest securely and successfully.

Kind regards,

Loxley McKenzie
Managing Director

P.S. Where do you think is the best place to invest in Turkey? Please leave feedback below.

Emporium Development Pool

British buyers are no longer the dominant force in the Turkish property market, contrary to official data. What am I on about I hear you ask, well, let me explain.

According to data released by the Turkish directorate of Land Registry British buyers are the dominant international owners of property in Turkey. Of a total 123,000 properties owned by foreigners, Brits owning 35,656 gives them a dominant 29% ownership. Assertively beating second placed Germans who own 28,306 (23%) and Greeks with 10,859 (9%).

But this data is all-time data, since foreigners were allowed to buy in 2002. Recent reports from Turkish agents have suggested more buyers coming from Russia and other parts of Europe, with Brits slowing in most areas. A closer look at the data does indeed reveal that British domination is slipping.

If we look at the data from the directorate of Land Registry from July last year we can see that 104,000 foreigners owned property in Turkey, 32,000 of them British. That is almost 31%, so the overall data shows a slight dip. However, if you look at the last year alone, 19,000 foreigners bought (123,000-104,000), and 3,656 of them were British. This means that British buyers made up 19.2% of the total during this time, well off their 29% domination at present and the 30% plus of last year.

Foreign direct investment in Brazil has reached record levels as the country continues to attract investors in search of good opportunities — a trend set to continue for quite some time.

Ernst & Young’s latest report on Brazil predicts its economy will continue to enjoy substantial growth until at least 2016, so there is still plenty of potential for investment.

According to the report, asset managers, hedge funds and banks are all anxious to take advantage of this potential, and foreign direct investment in the country reached $64 billion during the 12 months to May this year. Experts predict this will be the best year ever for investment levels.

Last year Brazil enjoyed GDP growth of 6.9% and is currently the seventh largest economy in the world. This year GDP growth is predicted to be 4.9%, and is expected to stay at this level until 2015.

Many experts expect the Brazilian economy to overtake the UK this year. Part of the reason for this record growth is consumer spending, with an estimated 20 million Brazilians having joined the middle classes since 2006. Most of them have embarked on an incredible spending spree with their new-found wealth, buying everything from electronics to property.

The Brazilian Growth Acceleration Plan (PAC) has been responsible for much of this wealth, as millions have benefited from better transportation, infrastructure and social improvements. A major part of PAC is the social housing program, Minha Casa Minha Vida which represents the largest property investment in Brazil. This has led to considerable interest into Brazilian property funds, with both foreign and Brazilian investors keen for a piece of the pie.