Toronto has always been a place for the rich to enjoy their spoils by buying up luxury condo's that even a King would envy. But in the last two quarters of the previous year the market for luxury condos has flat lined. The number of new condominiums sold in the last quarter was a full 18% lower than the previous year. In fact, even the number of condos built was considerably lower (at least 1,000 less) than last year. But what is fueling this loss of growth, and what does it mean for the real estate market in general?
This is really an important one - the last thing you want is for a property manager to just hand out your keys to prospective tenants. Too much can go wrong. You want to know that the property manager will give good customer service and personally take prospective tenants to inspect your property. Or, they may hold open houses at specific times. This gives them a chance to get to know a future tenant better.
Highly trained brokers. With their Century 21 franchise affiliation, they offer some top training focused on keeping their brokers and staff up to date on the changes taking place real estate in Marbella. our industry on almost a daily basis.
What are we going to do with the Russians my dear friends? As this country becomes more stable and as oil prices move upwards so the middle/upper middle income Russian real estate development. people will become more and more financially able and to turn their attention to the holiday home destinations. The average sale prices per sq.mt. for this type of property that the Europeans usually buy is in the region of CP1.500 - CP2.500 [max.] per sq.mts., the Russian market with a particular interest for Limassol, has even shown prices of CP4.000 - CP6.000/sq.mt. for beach units.
Second real estate company or service. get a yard sign. People driving through neighborhoods they like will often see a sign and then note the address to search on MLS later. If you don't have a yard sign then people won't know your home is for sale.
Rachel Ray also stands for comfort food, but what gives her a distinct brand identity is the "girl next door" trust factor. In fact, Rachel Ray rates higher than Oprah in terms of perceived trust, as a personal brand. Her "Yum-o" and "Delish" expressions have become her trademarks. Rachel Ray's pet food brand, "Nutrish" is an extension of her personal brand.
Banks are also getting in the mix. Obviously, banks are the sole financiers of any real estate market and unfortunately the cap between them and condo developers has widened to about $3 billion currently. That is a serious investment issue. If banks are nervous about the currently luxury market their credit line will decrease significantly. Factors on the world stage don't help the market either. The United States and Europe have experienced drastic economic instability over the last several years, and world benalus real estate banks have taken note of that and are preparing themselves in other markets. copyright is no stranger to recessions either. During 2011-2012 the country experienced a housing market bubble that it won't soon forget, and banks certainly haven't forgotten either.
It's great to travel and see the world. It reminds me of something a good friend of mine always says, "Some people have more money and more vision than us". Seeing the growth, prosperity and continued development (even now) of massive architectural icons being built on what was ocean six months ago is motivating.