Condo Sales Increase because the Prices Decline

Miami Beach area offers top-range condo which attract people from all over the world and who want to purchase some property there. Now it’s the best time for buyers as the prices decline because of the crisis. Too many condos are on sale and many of them are sold, but still there are numerous condos which are just being looked at without buying. But those who choose to buy some property in the area make good investment and are likely to win in the future. Now they pay twice less than it used to be for the same condos. The condos that haven’t been sold are quite large and people who prefer to buy with cash, they don’t have enough money to pay. In spite of all the positive moments, the real estate market is still troubled. Some specialists say that only those people who intend to live in the condo usually buy them, and they look for top quality condos with all the amenities. Brokers say that Miami Beach homes attract people because of the night life and the ocean. They claim as well the mostly investors have recently bought the condo in the area. And the percentage of renters is very high. Many of the experts prove that the increase in sales will not lead to high prices.

Construction industry news in Las Vegas

It’s a well-known fact that the construction branch has decreased its scale size recent years because of the crisis. But still you can observe that a new project is started every month in spite of the national economy slump, plummet in tourism and numerous foreclosures.

Builders are not eager to start new projects in North Las Vegas area. But if the construction is made it’s usually made environmentally friendly or green. This is done to make potential buyers interested and buy new green and healthy houses. But many such projects have been scaled down because of the crisis. Building companies say as the number of foreclosed houses is still great, the new property to build has no sense at all as it can’t compete in price with the houses on sale in Las Vegas.

Still there are some people who would choose rather a new house in North Las Vegas than a foreclosed house with a number of problems.