Home sales hit 10-year high in January 2017

US home sales hit 10-year high in January 2017

Existing home sales up 3.3% (January)

U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.

The National Association of Realtors said on Wednesday existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month.

That was the highest level since February 2007.

December’s sales pace was revised up to 5.51 million units from the previously reported 5.49 million units. Economists had forecast sales rising 1.1 percent to a 5.54 million-unit pace in January. The NAR also revised sales data going back to 2014. The revisions were minor and had no impact on the characterization of the housing market.

Sales were up 3.8 percent from January 2016. A persistent shortage of properties available for sale, which is lifting house prices, remains an obstacle to a robust housing market.

Orlando soccer stadium could get you a US Green Card

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We will keep you updated but saw in the ORLANDO SENTINEL that overseas residents who invest in Orlando soccer stadium could get US Green Cards – through the EB5 Regional Centre programme.

Investors could get green cards at Orlando City’s new soccer stadium if they pay $500,000 each to help build it.

Bill’s note – the investment level is set to rise to $800,000 in September. Please call or email us asap if you think this Visa may be an option for you and your family.

The Employment-Based Immigration Investor Program, or EB-5, was created by Congress in 1990 to encourage foreign investment in the nation’s blighted urban cores and rural areas by offering a path to citizenship as an incentive.

Flávio Augusto da Silva, the Orlando team’s majority owner, said he aims to raise half the cost of the $156 million stadium with EB-5 money.

 

Defenders say EB-5 has created thousands of permanent jobs in the U.S. and generated billions for new projects including condominiums, hotels, and shopping malls.

After investing their money, EB-5 applicants typically wait 16 to 24 months for a temporary green card, he said. They can seek U.S. citizenship five years later.

Investors in the Orlando soccer stadium also receive a stake in the company that runs the stadium and two club seats for 10 years.

Happy Orlando Soccer Stadium (and “Green Card”) investing!

Lake Buena Vista Resort and Spa is another local EB5 Regional Centre.

Bill Cowie, Director

EB5InvestmentVisas.com

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With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

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Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

FREE TICKETS TO A PLACE IN THE SUN SHOW

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FREE TICKETS THIS WEEKEND!

FREE TICKETS TO A PLACE IN THE SUN SHOW

A Place in the Sun Live is the official exhibition of the Channel 4 TV show and the largest overseas property exhibition in Europe – the perfect place to help guide you through the buying process and find your ideal property abroad.

Olympia London – 6th-8th May 2016

free-ticketsThere will be over 150 exhibitors from around the world ready to showcase their collection of beautiful overseas homes.

France, Portugal, Italy and Florida all have their own dedicated area at the show where you’ll find a mix of agents and developers and a detailed seminar programme where you can chat to industry experts and get all your questions answered.

All visitors receive a free copy of A Place in the Sun magazine and A Place in the Sun Live Show Guide and if that’s not enough, the stars of the TV show Amanda, Jasmine, Jonnie and Laura. will be appearing at The Hub to share their experiences from the TV show, offer their top tips for overseas property hunting and answering your questions.

You can even meet them face-to-face at the magazine signing sessions.

The weekend will be informative, entertaining and an essential place to visit if you’re considering moving forward with your overseas property purchase plans.

We will be on the Contempo booth in the Florida Pavillion with updated information on Rosemont Woods. Hope to see you there!

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bhg-apits

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With over 20,000 investment homes to choose from, British Homes Group can provide a fully managed leaseback agreement and bonus access to an exclusive rental partnership with Virgin Holidays. The partnership can assist and support investors in finding reliable tenants in order to make the most of the property.

For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

May 2016 Property of the Month

BRITISH HOMES GROUP Florida ~ Specialising in Florida Real Estate

Orlando | Kissimmee | Davenport | Windermere | Bay Hill | Clermont

Residential Luxury ~ Vacation Paradise

New British Homes “Best Buy” Listing!

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This home will go FAST!

Westridge is a well established, popular and well managed community just south of the 192 on hgwy 27. Gated, well maintained sub-division with a club house and nice community pool.

Check out this turn-key, FOUR BEDROOM / THREE BATH W/PRIVATE POOL home in one of South Orlando’s coveted gated communities, Westridge with LOW HOA fees! Perfect location off Hwy 27 in the Davenport area, just 15 minutes from Disney and numerous golf courses in an area zoned for short term rental.

The Westridge community is gated, offers a community pool, clubhouse and fitness center and the HOA covers the homeowners lawn maintenance, exterior pest control and sprinkler maintenance.

Whether you are looking for a full-time home, a second home, a vacation home with potential for rental income, a snowbird retreat… you have found it!

Seller reports regular maintenance throughout with new A/C with remote wi-fi control & new pool pump as of 2014.

Request More Information on this Buckingham Circle Home.

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With over 20,000 investment homes to choose from, the British Homes Group can help you find the perfect home for you. For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!

International Buyers in Orlando

The strengthening U.S. dollar appears to have softened an underpinning of the real estate in Orlando and elsewhere in the state: the international-buyer market.

Florida home sales to international buyers were at their lowest level in six years — although foreign buyers paid 42 percent more to own a piece of the Sunshine State than they did a year ago, according to a new report by released by the National Association of Realtors.

The impact of international sales on the state’s real-estate market dwindled from 15percent of Florida home sales a year ago to just 12percent this year.

“I think for Canadians and Europeans the exchange rate may be making it more difficult to buy in the U.S.,” said Lawrence Yun, chief economist for NAR. The association, in conjunction with Florida Realtors, surveyed real estate agents for a year-long period the ended in June.

The decrease in Florida’s residential sales to foreigners is in line with a similar drop across the country.

Exchange-rate pressures are particularly troubling for the Orlando market, which relies heavily on United Kingdom buyers who are packing Euros. About 28percent of the international real-estate deals in Central Florida are driven by U.K. buyers. Brazil follows with 19percent and Venezuela with 12percent.

Jim Bagley travels parts of the world selling buyers from abroad on the Reunion golf-resort development, a vacation-rental project southwest of Orlando. What has changed about the Central Florida market is that it no longer attracts international buyers who are intent on chasing distress deals, Bagley said.

More of those deals can now be found in Spain, where a real-estate downturn has put more properties in the hands of banks, he added.

The prime reason concern of international buyers cited in this year’s survey was cost, which marked a shift from last year when the top concern was finding a property, according to the report.

Despite a 15 percent drop in international sales in Florida, that smaller pool of foreign buyers paid a median of $297,300 for residential property this year — up 42 percent from a year ago.

Request more information on homes for sale around Orlando or submit a Custom Property Search Request

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The BRITISH HOMES GROUP Florida
Offices in Kissimmee and Davenport

Info@britishhomesgroup.com or (+1) 407 396 9914

Septembers Hot Property

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Great opportunity for buy-to-let and property investment portfolios.

5 Years guaranteed rental programme, 5 Years HOA Fees paid and a Developer Contribution towards Closing Costs.

Visit us at www.buytolethomes.com for more information or contact us below.

We will guide you through the process from beginning to end including;

  • Which of the four counties (Orange, Lake, Polk or Osceola) allow Short Term Rentals
  • What Communities have “Lease-Back” programmes
  • The best locations for Long Term rentals
  • What is a condo-hotel and what are their benefits
  • Resort Style Communities and their appeal to Renters
  • The best locations for Boating and enjoying the water
  • Developer Specials and Purchase Incentives
  • Buy To Let and International Buyer Mortgage Options

Have a question or would like more information? Please email us below.

The development is called Rosemont Woods and they are doing a June Special on the Genoa Model Home.

Genoa Model

  • 4 Bedrooms
  • 4 Bathrooms
  • 2129 sq. ft.

5 years of Home Owners Associations Fees paid at closing and 5 Year Rental Programme!!

Below is a link to a walk through video.

https://www.youtube.com/watch?v=9lq7ZGHkLig

Below is a link to a video that shows the community Providence:

Rosemont Woods is currently the only planned vacation home section within a gated golf community called Providence Golf Club.

It is located 15 minutes from Walt Disney World.

  • Turn-key furniture package included with home
  • Can close in as little as 2 weeks
  • Comes fully furnished
  • 5 years of fixed rental income in place

Please let us know if you would like more information on this Home and we will send you additional images and information about this exciting and sensible villa ownership and Rental income programme.

But please act quickly as, understandable, inventory and availability is extremely limited.

Good luck!

Request more information on homes for sale around Orlando or submit a Custom Property Search Request

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JOIN US ON FACEBOOK

The BRITISH HOMES GROUP Florida
Offices in Kissimmee and Davenport

Info@britishhomesgroup.com or (+1) 407 396 9914

Bank of England Indicates Interest Rate Hikes Still Far Off

Bank of England Indicates Interest Rate Hikes Still Far Off

Bank of England appears to be still far from raising interest rates, after its policymakers showed more unanimity than expected Thursday in keeping the key borrowing rate at a record low.Amid concerns over low inflation and slowing growth in Asia, the Bank of England’s policymakers voted 8-1 to leave the rate at 0.5 percent for a 78th consecutive month and opted not to pump more money into the economy.

The near-unanimity surprised investors and analysts, who had expected two or even three policymakers to seek a rate increase. The pound fell sharply on the news, to $1.5482 from $1.5630 earlier.

The prospect of a longer period of low interest rates tends to weaken a currency.Governor Mark Carney said that the Bank of England is “drawing closer” to a rate increase as Britain’s economic growth remains among the fastest among advanced economies.

But when remains an open question.”The exact timing of the first move cannot be predicted in advance; it will be the product of economic developments and prospects,” he said. “In short, it will be data dependent.”But Thursday’s decision suggests that the Monetary Policy Committee believes that moment may be far off — particularly given the low inflation numbers. Carney said inflation’s brief dip below zero was “the most striking development in the U.K. in the past year.”

Source: Bank of England Indicates Interest Rate Hikes Still Far Off – The New York Times