In Spite of Global Economic Crisis
By Jose Enrique Lorenzo (MBA) , Real Estate Agent jelorenzo@yahoo.com (Englisg/Spanish)
It
is very hard to give a veritable forecast in any investment market. Nobody has the crystal ball to anticipate the
uncertainty. It was very hard to predict
the downfall in the real estate prices in the years of the bubble. We know that the debable was so great that
the prices fell much below the cost of reposition. We had to start learning to analyze all the
aspects that affected the investments in relation to properties acquisition
before we decide to invest, such as location, features, market behavior,
investment comparison reports about other investments, among other
factors. This way we can see the risks
we would have to take and prevent them.
If
we wonder about the global economy we have to take into consideration that the
European leaders are losing control of the Union currency. So that those who hold investments in euros,
banknotes or stocks will have either to wait for the hopeful developments of
reasonable agreements among the world leaders, or that the opposite occurs and
somebody would take short-term austerity measures. Financial experts forecast the downfall of
the European Union.
If
the situation in Europe continues the way it is now, the migration of the
international investors toward the United States will increase and so will the
demand for real estate, as a first option for a long-term investment. We cannot then deny that this scenario means
that the dollar will go up independently of whatever is happening with the
United States deficit.
The
writer’s intention is to explain that the risk on a real estate investment
could be controlled, because the market will always show signs to be watch out
for. For instance, if there is a city
with a higher standard of living, for sure this will make a desirable area to
live and hence to invest.
Weston ranks #1 in
Nationwide Housing Market
Bloomberg
Businessweek Survey
Weston,
Florida, has been named the #1 City in the Nationwide Housing Market among the
1,000 biggest cities in the USA, according to Bloomberg Businessweek Survey and
other publications reporting this information.
The statistics were taken from www.zillow.com
Those
who invested in Weston at the beginning in 2009 have seen their investment go
up about a 15.1%. Those who purchase a
house for investment only knew that even though Weston is not an area too close
to important available jobs, however, has lots of attributes which make it
desirable for living and that demand empowers the recuperation of the costs.
Weston,
with more than 65,000 inhabitants, is the only city in Florida with a high
income level, with local authorities of great reputation, with effective and
quality services, with very low crime rate, a family oriented city, and above
all, the well kept parks and recreational areas, and impeccable
landscaping. Plus, Weston has schools
committed to keep their AAA rating. All
these makes Weston a city where everybody in the USA would like to live. This is why is now called the #1 City in the
Domestic Real Estate Market.
Florida State has seen how the property prices have gone down about
52.3% from 2006. This price fall became
an attraction for investors who contributed to absorb the available housing
inventory.
