Residential real estate – Talktalk China http://talktalkchina.com/ Wed, 28 Sep 2022 09:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://talktalkchina.com/wp-content/uploads/2021/10/icon-2-120x120.png Residential real estate – Talktalk China http://talktalkchina.com/ 32 32 Best Residential Real Estate Sales for Longboat Key, Lido Key, Bird Key September 12-16 | Rowboat key https://talktalkchina.com/best-residential-real-estate-sales-for-longboat-key-lido-key-bird-key-september-12-16-rowboat-key/ Wed, 28 Sep 2022 09:00:00 +0000 https://talktalkchina.com/best-residential-real-estate-sales-for-longboat-key-lido-key-bird-key-september-12-16-rowboat-key/ A condominium in Regent Place leads all real estate transactions this week. Carolyn Lowell and Michael Robert Mansfield have sold their Unit 22B condominium at 675 Longboat Club Road to John Elliot, of Charleston, West Virginia, for $4.25 million. Built in 1995, it has three bedrooms, three and a half bathrooms, and 3,139 square feet […]]]>

A condominium in Regent Place leads all real estate transactions this week. Carolyn Lowell and Michael Robert Mansfield have sold their Unit 22B condominium at 675 Longboat Club Road to John Elliot, of Charleston, West Virginia, for $4.25 million. Built in 1995, it has three bedrooms, three and a half bathrooms, and 3,139 square feet of living space. It sold for $2.05 million in 2003.

Bay Islands

Marek and Julita Lochnicki, of Northbrook, Illinois, sold their home at 3260 Bayou Sound in Bradley and Katrina West, of Longboat Key, for $2,225,000. Built in 1981, it has three bedrooms, three bathrooms, a swimming pool and 2649 square feet of living space. It sold for $850,000 in 2015.

country club ribs

Douglas Leland, of Bellevue, Washington, sold his home at 537 Spinnaker Lane to Kathleen Schatz, trustee, of Yarmouth, Massachusetts, for $2,225,000. Built in 1965, it has three bedrooms, three bathrooms, a swimming pool and 2,046 square feet of living space. It sold for $850,000 in 2020.

John Ringling Estates

Keyser Properties LLC has sold the home at 322 Jackson Drive at 1136 DR MLK ST LLC for $1.75 million. Built in 1958, it has two bedrooms, two bathrooms and a living area of ​​1,604 square feet. It sold for $850,000 in 2020.

Fairway Bay

Trustees John and Norma Kasten sold the Unit 204 condominium at 1904 Harborside Drive to Edward and Gloriann Felicetta of Longboat Key for $1,065,000. Built in 1982, it has three bedrooms, three bathrooms and a living area of ​​2,135 square feet. It sold for $422,000 in 2012.

Island Rowboat Club

James Loftis of Longboat Key has sold his Unit 93-S condominium at 2295 Gulf of Mexico Drive to 2295-93 Gulf of Mexico Drive LLC for $900,000. Built in 1970, it has two bedrooms, two bathrooms and a living area of ​​1,235 square feet. It sold for $155,000 in 1991.

Sea

Administrators Sarah Rice and Susan Hitzelburger, of Orion Township, Michigan, sold the Unit G3-103C condominium at 2039 Gulf of Mexico Drive to John and Carmen Brannan, of Longboat Key, for $425,000. Built in 1974, it has two bedrooms, one bathroom and 933 square feet of living space. It sold for $92,000 in 1993.


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Despite headwinds, luxury residential real estate is buoyant: DLF’s Aakash Ohri https://talktalkchina.com/despite-headwinds-luxury-residential-real-estate-is-buoyant-dlfs-aakash-ohri/ Mon, 26 Sep 2022 12:56:15 +0000 https://talktalkchina.com/despite-headwinds-luxury-residential-real-estate-is-buoyant-dlfs-aakash-ohri/ September 26 Despite headwinds such as RBI rate hikes and rising commodity costs, the residential real estate market, particularly at the luxury and super-luxury ends, remains buoyant, says Aakash Ohri, Managing Director of the group and commercial director of DLF, the largest real estate in the country. real estate developer. Confident in achieving his ₹8,000 […]]]>

September 26

Despite headwinds such as RBI rate hikes and rising commodity costs, the residential real estate market, particularly at the luxury and super-luxury ends, remains buoyant, says Aakash Ohri, Managing Director of the group and commercial director of DLF, the largest real estate in the country. real estate developer.

Confident in achieving his ₹8,000 crore revenue forecast for FY23, Ohri says there has been some postponement of property purchases due to an increase in home lending rates, but this does not didn’t have much of an effect on end-user purchases or DLF’s sales figures.

A bull cycle in real estate lately – in the past 18 months, 35 million square feet have been carved out by DLF – has seen real estate re-emerge as a stable investment relative to other related asset classes. at market or at high risk, which have been affected because of volatilities.

“Demand is buoyant and we remain cautious as some headwinds drive up the cost of credit for buyers. Premium and super premium homes have again emerged as a stable asset for investors, and it looks like this bull cycle is brewing. will continue for some time now,” he said. activity area in an interview.

In the first quarter of FY23, DLF Ltd. recorded consolidated revenue of ₹1,516,000,000, an increase of 22% year-on-year, and a margin of 53%. Net profit was ₹470 crore, up 39% year-on-year. New sales bookings reached ₹2,040 crore, a year-on-year growth of 101.

New launches

And nearly 75% of total sales came from new launches in the June quarter. For example, at The Camellias, DLF’s super luxury offerings generated a booking of ₹350 crore in the first quarter of FY23 and new offerings during the period generated sales of ₹1,532 crore.

According to Ohri, new DLF launches are up from the pre-Covid period, and there is also demand for larger homes. The average home size is around 1,800 to 2,000 square feet and goes up to 2,500 square feet; sizes are now 2,400 to 3,000 square feet.

“However, that doesn’t mean we don’t have the smaller 1,800 square foot offerings. But, the market value realizations for larger homes are higher,” he said, adding that: “While rising interest rates may pose some challenges, we expect the structural recovery in the residential segment to continue.

According to him, DLF’s recent launch, The Grove, another luxury low-rise offering in the freestanding floor segment, will see revenue contributions of over ₹1,700 crore (which will be reflected in the books from the T3FY23). The Grove will offer 292 luxury residences with 4 BHK, 4 BHK + entertainment lounge on plots ranging from 225 to 539 square meters.

Capex on new products is divided into two – one, which is on the books of DCCDL platform, where investments will be between ₹1,200-1,500 crore in the next 3-5 years (in DLF Downtown at Gurgaon and Chennai, Mall of India in Gurgaon and expansion of Vasant Kunj mall). Then there are office and retail projects on the DLF platform, which include IT Park in Noida, New DLF Goa Avenue, High Street Phase-V Malls in Gurgaon and Midtown, which will entail an investment of ₹400 –500 crore per year.

Published on

September 26, 2022

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Is it time to invest in residential real estate in DC? https://talktalkchina.com/is-it-time-to-invest-in-residential-real-estate-in-dc/ Mon, 26 Sep 2022 04:11:44 +0000 https://talktalkchina.com/is-it-time-to-invest-in-residential-real-estate-in-dc/ Rising interest rates may be making headlines, but the housing inventory problem in the nation’s capital is very real. Fortunately, there’s a real solution — and an investment opportunity — lurking in the neighborhoods of Anacostia on Capitol Hill. age mattersWith 81.8% of homes in the DC metro area built before 2002, there is considerable […]]]>

Rising interest rates may be making headlines, but the housing inventory problem in the nation’s capital is very real. Fortunately, there’s a real solution — and an investment opportunity — lurking in the neighborhoods of Anacostia on Capitol Hill.

age matters
With 81.8% of homes in the DC metro area built before 2002, there is considerable opportunity for investors in the form of older homes, most of which are vacant. According to a recent report analyzing US census data, there are 16 million vacant homes in the United States including over 3,000 vacant properties in DC.

As the nation’s largest private source of investment properties, New Western’s Market connects more than 100,000 local investors with vacant properties and other off-market properties that are ripe for value-added renovations.

The company’s model is to increase residential housing inventory at a time when home ownership is increasingly out of reach for many Americans, in part due to low inventory and low cost. Homes purchased on the New Western market and later renovated sell for up to 31% less than new construction.

Why now?
Experts suggest that the metropolitan area’s high incomes and education levels — along with the presence of nearly 250,000 federal government jobs — make the region resilient to skyrocketing interest rates.

“The DC market has strong underlying fundamentals with an employer base that is diversifying across industries,” said Julia Park, senior director of a DC-based investment firm. “A growing focus on technology and science, including Amazon’s headquarters across the river, will continue to attract talent and an educated workforce in need of a home” , Park continued.

The New Western DC general manager agrees. “We have identified the District of Columbia and its surrounding cities as a strong opportunity for investors due to its growing population as well as the diversity of housing prices and products,” commented Scott DeCamp.

For too many DC residents, home ownership is out of reach. The median sale price of a single-family home in Washington, D.C., in July was $1.153 million, and just 98 homes sold that month, down 19% from July 2021 according to red fin. Homes that are listed continue to move quickly, averaging 30 days on the market.

DeCamp and his team have set a goal to revitalize nearly $1 billion in properties in the area over the next five years. Mature neighborhoods like Anacostia and Deanwood are just a few of the areas where New Western sees opportunities for revitalization as the employment and amenity base grows.

The power of locals
New Western believes that local investors are better able to rehabilitate distressed properties than owner-occupiers. These independent contractors bring their expertise and abilities to appraise a property, remedy any damages, and determine the best plan to add value.

Without the intervention of qualified local rehabilitators, these vacant homes would sit unused or be doomed for demolition, only adding to the historical shortage of inventory. New Western effectively places these vacant properties in the hands of investors who can turn them into move-in ready homes for sale or rent.

Why the New Western?
New Western buys a home every 13 minutes and brings its vast knowledge and expertise to its investors. “New Western focused on understanding my investment strategy and providing offers tailored to my specific needs. They offered a deeper level of context and insight,” Park commented.

Investor Andrew Davis agrees: “New Western uniquely offers value-added opportunities that fit my investment style. I can enter and improve a property and add value to the market.

Investors across the country are praising New Western for being far more nimble than other options. The company’s investment-grade property marketplace simplifies the process for busy investors who no longer have to hunt for deals.

Proactive communication, fast response times and a seamless process from transaction to transaction are hallmarks of a New Western project. “New Western is much more organized,” veteran investor Jared Childs said. “The deals I buy from them run smoothly with the right support team in place.”

Opportunity. Delivered.
The opportunity now is for savvy DC investors to capitalize on the off-market properties that New Western offers. With an ever-changing market, it’s essential to have a professional in your area who can uncover the right deals to fit your investment approach. Let us help you discover which one fits your strategy.

contact us to access our exclusive local inventory.

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The end-of-year celebrations, a big boost for residential real estate https://talktalkchina.com/the-end-of-year-celebrations-a-big-boost-for-residential-real-estate/ Thu, 22 Sep 2022 18:00:45 +0000 https://talktalkchina.com/the-end-of-year-celebrations-a-big-boost-for-residential-real-estate/ The festive season begins with Ganesh Chaturthi and culminates with Christmas, and the arrival of the New Year is considered an auspicious time to invest in residential real estate. The season, which is a highly anticipated time of year when homebuyers opt for big-ticket purchases, provides a significant boost to the real estate sector and […]]]>

The festive season begins with Ganesh Chaturthi and culminates with Christmas, and the arrival of the New Year is considered an auspicious time to invest in residential real estate. The season, which is a highly anticipated time of year when homebuyers opt for big-ticket purchases, provides a significant boost to the real estate sector and is marked by the launch of new projects, combined with an array of benefits to attract home buyers. This is a time when demand sees conversion as homebuyers prefer to go ahead with planned purchases. The need for stability and security, which is a priority in people’s minds, is also a factor that will boost residential real estate. The increased importance of owning a property backed by consumer confidence in the overall economic scenario has boosted housing demand significantly. The trend for Indian holidays to become the annual high point for residential real estate is rooted in traditional sentiment and is a prime time to invest in wealth-creating assets.

There is a healthy stock of move-in ready and nearing completion inventory that will be of great interest during the holiday season. Current mortgage interest rates are unlikely to compress sustainable housing demand, as the price range is still within a control line. Rising home ownership among millennials, supported by higher disposable income and a desire to move into larger, more luxurious spaces with better amenities, has also triggered strong growth in housing demand. . We see a lot of home buyers eager to close deals in this auspicious season. The market continues to see end-user driven demand and we are already seeing a trend of more serious buyers closing sales.

According to a recent report, the residential sector saw a 9-year high sales volume in January-June 2022. A defining feature of current housing demand is that even millennials are now in the homeownership market , as real estate has become the most sought-after asset class. With consumer confidence strengthening and market momentum, the real estate sector has an optimistic outlook for the future. The sector has been doing well for a few months and should continue to do so. The growth of the Indian real estate sector is well complemented by the growing business environment and growing demand for improved lifestyles and better residences. Clients are also increasingly taking the initiative to invest in their dream properties offered by developers, which suit their opulent lifestyle and needs.

The main factor driving people to buy homes today is their experience during the Covid-19 pandemic and the lockdown. This has caused people to rethink their priorities and as a result owning a home has gained importance as it means comfort and security. The end-user oriented real estate market is seeing a resurgence in home buying and today an increase in savings and market stability has encouraged buyers to take the plunge. The past few months have witnessed homebuyer optimism at an all-time high as customers understand they have a variety of options and are able to make buying decisions with confidence.

In conclusion, we can say that the renewed confidence of the markets in a context of dynamic economic activities makes this season more attractive. However, while investing in real estate, buyers should not only look for attractive offers but also consider the reputation of the developer and other factors such as location, ability to execute and amenities that the developer has to offer. As we move forward, the industry should experience a new phase of steady growth, which is a positive sentiment for those looking to invest this season. Real estate is still a wise asset class given that it is experiencing steady appreciation.



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Disclaimer

The opinions expressed above are those of the author.



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MV REALTY INTRODUCES RESIDENTIAL TITLE MONITORING SERVICE https://talktalkchina.com/mv-realty-introduces-residential-title-monitoring-service/ Tue, 20 Sep 2022 15:00:00 +0000 https://talktalkchina.com/mv-realty-introduces-residential-title-monitoring-service/ Title-Safe will be provided free of charge to its Owner Benefit Program customers DELRAY BEACH, Florida., September 20, 2022 /PRNewswire/ — MV Immobiliera residential real estate brokerage and proptech firm with operations in 33 states, has introduced a new real estate title monitoring service designed to alert landlords to fraudulent attempts to modify or modify […]]]>

Title-Safe will be provided free of charge to its Owner Benefit Program customers

DELRAY BEACH, Florida., September 20, 2022 /PRNewswire/ — MV Immobiliera residential real estate brokerage and proptech firm with operations in 33 states, has introduced a new real estate title monitoring service designed to alert landlords to fraudulent attempts to modify or modify their property title.

Called Title-Safe™ (www.title-safe.com), the new service is provided free of charge to customers of MV Realty’s Homeowner Benefit Program® (RAP). The RAP allows owners to receive a cash incentive of up to $5,000 in exchange for an agreement to use MV Realty if and when they decide to sell their home.

“We designed the Title-Safe service to give our customers peace of mind when it comes to their property,” said Tony Mitchell, CEO, MV Realty. “Providing the service free of charge to our more than 30,000 existing Homeowner Benefit Program customers is part of our business strategy to build and create long-term, value-added relationships.”

Title theft and related fraud is a growing concern and problem for landlords nationwide who frequently learn of changes or transfers in their title deeds long after cybercriminals have hacked or tampered with their documents. The downside can be a nuisance, at a minimum, for owners who must prove their identity and rightful owner status in order to restore their title documents. It’s a much bigger problem if a third party tries or succeeds to drain their home’s equity or tries to sell their home illegally. Sometimes title theft and fraud are discovered during a legitimate real estate closing that puts the transaction on hold.

“In the worst case, properties can be fraudulently transferred multiple times in a row; we want to protect our customers from this very personal type of theft. The sooner they are made aware of fraudulent activity, the sooner they can act to prevent a mortgage closing their home or more serious financial disaster,” Mitchell said.

To learn more about MV Realty’s Homeowner Benefits Program, visit www.mvrealty.com. For more information about Title-Safe, visit https://title-safe.com/.

About MV Realty and the Homeowner Benefits Program

Founded in 2014 and based in Delray Beach, Florida, MV Realty is a residential real estate brokerage and proptech company dedicated to serving the needs of the modern broker, home buyer and seller through a combination of personalized service, a proprietary CRM system and a suite. advanced technological tools to support its agents. The company is present in 33 states and employs more than 500 licensed agents. Its Homeowner Benefit Program® is a unique consumer offering that provides homeowners with a cash incentive of up to $5,000 use MV Realty as their listing agent if and when they decide to sell their home. For more information, visit www.mvrealty.com and www.homeownerbenefit.com.

Title-Safe is a trademark and Homeowner Benefit Program is a registered trademark of MV Realty PBC, LLC. All other trade names are the property of their respective owners.

SOURCE MV Real Estate

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2022 could be a banner year for residential real estate: report https://talktalkchina.com/2022-could-be-a-banner-year-for-residential-real-estate-report/ Fri, 16 Sep 2022 05:38:21 +0000 https://talktalkchina.com/2022-could-be-a-banner-year-for-residential-real-estate-report/ Sep 16, 2022 C.W. Team Despite rising construction costs and the Reserve Bank of India’s (RBI) monetary tightening measures, residential real estate sales and new starts remained firmly on a growth trajectory, according to a joint CBRE-CII report. . According to the report, unprecedented sales and launch momentum were witnessed in the first half (1st […]]]>