User talk:Afadenscot75624

If, like most individuals, you are interested in actual estate news and browse the headlines every single now and then, probabilities are you may well have read about it currently ... and in case you haven't heard about it, then you may possibly be very, quite surprised about a new trend that may possibly be contrary to what a lot of people expect ...

Firstly, let's start off with a handful of teaser queries ...

Let's suppose you had a lot of money ... hoards of it ... in early 2000, and had been willing to invest it in true estate.

The question is ...

What sort of actual estate do you feel you would have purchased ?

Would you have purchased single family houses, multi family members homes, two bedroom condos, raw land, coastal real estate, luxury properties, or ... ?

If you are attempting to guess the answer, please do so now just before you read the rest of the write-up :-)

Assuming you have your answer in mind, let's proceed ...

If your answer is been 1 of single loved ones homes, multi loved ones houses, two bedroom condos then give oneself a pat on the back ... you may have produced rather a tidy quantity of income ...

And if your answer is luxury houses, then give yourself two pats on the back, smile the biggest, most pleasant smile you have ever smiled ... you may possibly have produced properly over display homes perth a million dollars in earnings :-)

For ...

Luxury Properties are now 1 of the greatest performing segments in the genuine estate marketplace !

And what does that mean ?

Properly, you might want to take into account this ... according to some sources, immediately after a decline of 7.1% in 2001, this segment gained 3.6% in 2002, .three% in 2003, 13.7% in 2004, and 13.2% in 2005 ...

And just what would that mean in terms of cash ?

According to the Prestige Residence Index, the cost of an typical luxury residence in California's Bay Location is now $2.88 million - an boost of $336,000 from the earlier year !

And that is more money than what promoting several properties profitably may have produced !

And just how many folks could have foreseen this trend ? Well, your guess perhaps as very good as anybody else's in this regard !

Although no one may be in a position to establish how lengthy this trend will continue, there may possibly be a number of other segments in the genuine estate market that may possibly execute equally, if not greater, in the future.

And 1 such attainable segment might be ...

Holiday Real Estate

Another growing trend has been that men and women young and old have been moving to destinations like the Mexican Riviera, and are either setting up residence there or are purchasing second or third properties there ... and gated communities are becoming set up in places that had been not extremely extended ago petite little villages.

And the result - actual estate values not seen before in the area ... and the values seem to be growing too.

And how extended will this trend continue ? Once more, your guess could be as good as any person else's in this regard.