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Archive for the 'United States Property' Category

X/O Condominiums - Awarding Winning Mega Condo Development in South Loop, Chicago

Thursday, September 4th, 2008    Posted by OP-Mall in Chicago, Condominiums, Green Property, Luxury Property, Property Reviews

XO_Condominiums_Towers_Chicago_South_Loop

X/O Condominiums is a two tower, super high-rise, with one tower 40 stories and the other 35. In total, X/O boats 487-units beautifully designed by architect Lucien Lagrange.

Scheduled to be completed in 2009, X/O was named, “Best New High Rise” this Spring by New Homes magazine. The award was based on price, amenities (state-of-the-art fitness center, pool and spa w/ outdoor misting park, movie screening room, and more!) and naturally, the design.

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Manhattan Condominiums, Las Vegas

Tuesday, August 26th, 2008    Posted by OP-Mall in Las Vegas, Property Reviews, United States Property

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Delivering high class urban living in Las Vegas, Manhattan Condominiums is a gated community development minutes from the famous Las Vegas strip. Featuring over 700 elegant condominiums in nine four story buildings, Manhattan Condominiums is newly built and already has some tenants in place, making it the perfect investment property.

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Is it a Great Time to Buy Property in Florida Now?

Thursday, August 14th, 2008    Posted by OP-Mall in Florida, North American Property

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Florida has always been a popular playground for city escapees who want to enjoy the sun, surf and of course the popular Mojito cocktail, while they watch the sun set over the ocean. Living in Florida is about the lifestyle and having fun.

Despite the great attraction, Florida seems to suffer too from the global property melt down. Foreign investors aren’t as active as they used to be only a couple of years ago. According to a recent study by the National Association of Realtors, some 25% of foreign buyers were investing in Florida. On first inspection, this figure doesn’t seem too bad. But when we take into account that the overall number of sold properties has gone down, it becomes clear that the market in Florida has slowed down.
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Trump Seeking $2bn Gulf Investment In Manhattan

Thursday, July 3rd, 2008    Posted by OP-Mall in New York Property

Real estate magnate, Donald Trump is seeking billion dollar investments from the booming economic regions of the Arabian Gulf. Rodrigo Nino, president of Prodigy International, advisers to The Trump Organization said to the press on June 29th. “I expect to see at least $2bn of investment from the Middle East in the next 12 to 24 months.

We’re particularly targeting Middle East investors for our $2.5bn inventory in Manhattan and $1.5bn inventory in Panama,” Nino told Zawya Dow Jones at the Dubai sales launch of the Trump Soho Hotel Condominium in New York.

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U.S. Is Gobbled Up By Foreign Buyers

Thursday, April 24th, 2008    Posted by OP-Mall in United States Property

Foreign buyers are eating U.S. property for dinner lashed with plenty of sauce. Ok, that was a rather weak approach at injecting some excitement into the fact that American real estate agents are pimping out bonuses to overseas buyers.

Extras such as airfare reimbursements and paid hotel bills could well become a reality for you if you are amongst those overseas buyers who have taken advantage of the dwindling economy in America.

Right now we enter a buyers market - if only there are buyers with enough cash flow to play the game. To boost local economy, some real estate agents have taken matters into their own hand and lure buyers from across the pond by giving them the royal treatment.

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California Dreaming

Monday, March 31st, 2008    Posted by OP-Mall in United States Property

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Californian property has gained a renewed worldwide dream appeal for overseas investors since the slump of the U.S. dollar has given them more buying power. While local American interest has stalled, mainly due to slumping property prices and the fall of the U.S. dollar, overseas investors are snapping up properties in California as if they were the latest fashion.

This latest trend has prompted many local Californian Realtors to switch advertising tactics and target foreigners instead. Buyers from countries such as Spain, Russia, the Netherlands, the Philippines, Brazil, China, Italy and Mexico have especially been active in acquiring their dream property in California.

The dream of sand, sea and eternal sunshine lures investors to take advantage of the great conversions while the going is good.

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5 Bullet Proof Property Markets

Wednesday, February 27th, 2008    Posted by Overseas Property Mall in Dubai Property, French Property, Hong Kong Property, London Property, New York Property, Trends

With all the doom and gloom surrounding the property markets, we felt it was about time to take a look at those markets that have remained robust and healthy throughout the current credit crunch. So here are five markets that have consistently performed well, regardless of the ups and downs seen recently.

Manhattan, New York

http://www.overseaspropertymall.com/wp-content/uploads/2008/02/manhattan.jpg

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Property News from Across the Pond

Thursday, February 14th, 2008    Posted by Overseas Property Mall in Mortgages, United States Property

The US sub-prime crisis continues to take it’s toll amongst developers and recent announcements from a variety of sources don’t seem to see any let up on the horizon. Some recent announcements this month include:

Toll Brothers Inc.(sic) said that its fiscal first-quarter home-building revenue fell 22% from year-earlier levels to $842.7 million and it doesn’t see any end in sight to housing-market woes. The company said it is still finalizing its first-quarter impairment analysis, but expects pretax write-downs of between $150 million and $300 million. “The housing market remains very weak in most areas. Based on current traffic and deposits, we are not yet seeing much light at the end of the tunnel,” said Robert Toll, the firm’s chairman and CEO. Toll will report full first-quarter results on February 27th.

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Is Dubai the next Florida?

Friday, February 8th, 2008    Posted by Overseas Property Mall in Dubai Property, Miami Property, United States Property

Continued delays in the completion of residential property projects in Dubai this year will continue in 2008, while a price correction is most likely in 2009 when supply exceeds demand, according to a new market report. “We believe that the delay in property handovers seen in 2007 will likely continue over the next 12 to 18 months,” investment bank EFG Hermes said in its UAE outlook report for 2008.

EFG are forecasting prices to rise by between 5 and 10% next year but suggest they are likely to peak in the second half of the year when property supply rises. The gap in supply in 2007 was roughly 20,000 residential units worth Dh34 billion said housing finance firm Tamweel. They are also predicting about 50,000 units of supply, with a demand of 54,000 units in 2008, taking the aggregate shortage to 24,000 units.

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UK and USA housing markets both falling

Friday, January 25th, 2008    Posted by Overseas Property Mall in General, Property News Summaries, UK Property, United States Property

Estate Agent vs Analyst

If anyone, either in the U.K or the U.S.A needed an incentive to look overseas for their next property investment, recent reports released in both counties should provide it.

Rightmove, an online U.K estate agent recently released a report that shows UK asking process have dropped for the third month in a row.

In the last month, the average asking price for a house in the UK dropped 0.8 per cent to £230,428, bringing the annual rate of increase down to 3.4 per cent – the lowest since December 2005.

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