As we have all heard, the strength of the Euro has improved European travel and spending in the United States. It has also kept certain real estate and condo markets afloat while others have been struggling. New York condos have continued to sell to wealthy Europeans and is a great example of a marketplace supported by the strong euro.
Investment is Florida condos has slowed while buyers wait to see what happens with the pending recession and the decline of the housing market. We are at or near the bottom and many realize that it is a good time to buy condos at a great value as long as one plans to hold onto the asset for a while. The Florida housing market may not be benefitting from European buyers as much as it was a year or two ago, but the condo rental market is strong. Many buyers have their homes, vacation condos, and investment condos up for rent. Some of the best renters out their now are Europeans. Florida is still a great place to live and a hot travel destination despite the economy. Europeans tend to stay longer than a few nights and come here to spend money!
Last quarter in some areas of Florida, condo rentals outperformed hotel occupancy. Vacationers enjoy the privacy and beachfront locations of many of the vacation condos up for rent. Most of the time, condo rentals in good locations have been much more expensive than hotel rates but that is not the case anymore. Owners want to ensure they have some rental income to assist with the mortgage payments…some is better than none!
Wow, it’s been quite a busy couple of days over here at New Condos Online. Over the last 4 years we have developed some very prosperous business relationships and even made a few friends along the way. When it comes to driving home buyers to the developments website and delivering and acquiring sales leads, we are unparalled in that domain. New Condos Online has consistently proved the level and caliber of service is second to none! On that note, New Condos Online is proud to announce our newest development, Sand Pearl in Clearwater Florida.
The Sand Pearl in Florida is a very unique property and rests in an even more beautiful location in Clearwater Beach Florida; home of long white sandy coast lines and an exciting nightlife. The Sand Pearl couples sophisticated amenities with the warmth and appeal of timeless island architecture to create an enriching experience for the mind, body and soul…. this unique blend of style caters to individuals who are looking to get away from crazy hands life tends to deal. This is a retreat unlike any other – offering luxurious accommodations, an awesome spa area and tennis right on the beach….. If you were looking for your own gem near the ocean — look no further than the Sand Pearl in Clearwater Beach. Another neighboring spectacular community is the Marquesas — situated closely to this great project and apart of the same development firm.
NCO will soon be showcasing Centrum Properties’ new and pre-construction condo developments. Since 1980, Centrum Properties has built a reputation as one of the most respected and innovative real estate developers in the Chicago metropolitan area and beyond. Centrum has built some of the most distinctive residential and commercial properties in the country, in addition to thousands of outstanding city homes around the nation in places like Boston, Kansas City, Scottsdale and Miami, and enjoys a well-earned reputation for excellence. With six new condo projects in the greater Chicago area and six new condo and townhome communities in the State of Florida, NCO is excited about this new relationship and looking forward to the opportunity to optimize online exposure for all of Centrum’s communities.