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.

Loxley McKenzie Managing Director of www.colordarcy.com said, “Orlando has already posted encouraging price increases for 2011 with properties rising by a healthy 6.7% and was second only to Dayton, Ohio.

Decreasing foreclosures have been key to this success with now only a quarter of the market made up of foreclosed properties compared to 2010 when over 40% of the property market was actually bank owned. With foreclosures continuing to drop it is permitting the property market to recover and not having to compete with an abundance of distressed listings.”

The recently published real estate forecast took into account many factors in its study such as unemployment levels, sales of the same properties and the number of foreclosures on the market, even calculating the slow down by banks to repossess properties after reports surfaced last year of some illegal and hastily drawn mortgage documents.

Loxley continues, “Orlando looks like a very strong investment opportunity for 2012 particularly as the gulf between property price increases in Orlando and the rest of the US are considerable to say the least.

Double digit property price increases in recent years have been too few to mention, with perhaps only the emerging property markets of Brazil and Turkey being contenders, however Orlando is now ‘emerging’ from the financial pain of the global downturn and looks set to be one of the highest property market gains of 2012.”

www.colordarcy.com is currently marketing the Milan Apartments, just 8 miles from downtown Orlando with such attractions as UCF, Universal Orlando and Disney World on its doorstep.

‘Milan’ is a gated community and offers a selection of one, two and three bedroom apartments starting from just £43,000. The complex offers an array of features including, a large spacious clubhouse, with meeting area, conference room, state of the art fitness centre, landscaped grounds and communal swimming pool and spa.

These apartments have experienced a reduction of more than £70,000 over the last few years and are now available with tenants in situ and a 2 year rental guarantee in place. Furthermore there is a free property management programme for the next 2 years and anticipated net yields in the region of 7.84% to 8.77%.

Click here for more information on Milan Apartments: http://www.colordarcy.com/property/overseas-property/florida-orlando-milan-apartments.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, Turkey and the United Kingdom.

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

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%.

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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

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