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Monthly Archives: October 2013

One Brickell CityCentre : A welcoming lantern for Downtown Miami

brickell Swire Properties is launching a great new condo in Miami Downtown and   more precisely in the Brickell neighborhood. Lately the company purchased a site at 700 Brickell Avenue for $64 million. They plan to build an Arquitectonica-designed tower. The site is located at the entrance of the Brickell City Centre project.

This new state-of-the-art tower will be called One Brickell City Centre. The 80-story project was specially designed to offer spectacular views above the current Miami skyline. The impressive structure will include condos, retail, Class A offices and even a hotel with a restaurant and a lounge! Read the rest of this entry »

 
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Posted by on October 28, 2013 in News

 

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Real estate: Trick or Treat?

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In a previous article, I told you we were in a seller’s market. But where are we heading? Even though there is still a lack of homes for sale, the mortgage rates are, slowly but surely, going up. As a consequence buyers could become scarcer. Here’s a look at four items to better understand the rebound of the housing market at a national level.

First of all, the real estate market shifted in a short amount of time. In a regular market, prices increase after the inventory of houses for sale shrinks. In this unusual recovery, things went the other way around. Without shrinkage of inventory, developers decided to increase prices. They actually even admitted they pushed prices too far. For instance, when you compare the new home orders year-over-year, the demand only increased 1% in August against 11% in July. Nowadays, purchasers are more thoughtful before investing in a condo.

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Posted by on October 7, 2013 in News

 

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