The real estate market in New York City is one of the fastest moving and competitive real estate markets in the world. Those that are looking to purchase a new property will find that they are competing with many different buyers, which include other residents of the city, foreign investors, corporations looking to buy corporate property, and a wide range of other entities. Those that are looking to purchase a new property in New York City should consider working with Town Residential, who is one of the leading real estate firms in the city.
Town Residential was initially formed less than ten years ago, but has quickly grown to become one of the top firms in the country. Town Residential can provide a homebuyer with a number of different services. The primary advantage of working with Town Residential is that you will have access to the best market data and industry news that is available. Town Residential is well known for providing people with valuable market insight about tends in each area of the city, new projects are coming online, and even keys on how you could get a better deal on the purchase. This information will allow you to gain access to properties that you would otherwise not know of and also to save a considerable amount of money.
Once you have found a place to purchase, Town Residential can also provide services to ensure the process goes smoothly. They will act on your behalf to find all third-party service providers, legal support, and negotiation advice. This will greatly reduce the amount of stress that comes with buying a home in the city.
Beyond providing great services to buyers, the company can also help real estate developers and investment property owners. Town Residential provides highly effective real estate consulting, brokerage, and sales services. They can help any property owner or developer to make a more informed decision about where to purchase and develop and ensure that once the property is in development, the units are sold quickly and at the highest possible price.
While Town Residential has historically focused on providing sales and leasing services to the New York City residential real estate market, the company has expanded over the past few years. The company now provides a number of services to commercial real estate owners as well. This can include leasing services, management services, and even sales of commercial units. Due to their success in New York, the company has also expanded outside of the city. They now offer very similar services out of their office in Miami, Florida and are looking to expand into other markets as well.
Brazil is betting that the Summer Olympics in Rio will stimulate the country’s economy. Brazil needs stimulating, according to former bank executive and investment manager, Igor Cornelsen. Cornelsen is familiar with the challenges Brazil is facing in 2016. Mr. Cornelsen no longer lives in Brazil, but he has extensive portfolio of assets in that country. Igor was one of the top bankers in Brazil for years. He worked for several of the top banks, and he helped foreign corporation set up businesses in Brazil. Cornelsen is now the managing director of the investment firm he founded when he moved to South Florida, Bainbridge Investments Inc.
Cornelsen is known on Facebook for his astute predictions about the financial health of Brazil. He played an instrumental role in changing banking regulations in 2008, and he helped establish a working middle class that could afford to borrow money. Before that time, loans in Brazil were not practical. The banks charged exorbitant interest rates and they wanted more than enough collateral to guarantee the loans. Cornelsen was instrumental in convincing the central bank to lower rates so more businesses and people could borrow money.
The recession is certainly one of the main issues in Brazil, but Cornelsen sees another challenge in Rio that could produce another drop in real estate prices in that city. Cornelsen recently talked about Rio’s mayor and his concern over the overproduction of apartments in the city. Several thousand news apartments were built in anticipation of the demand for them during and after the Olympics. According to the mayor, only 300 apartments have been sold. Mr. Cornelsen thinks the Zika virus, as well as Rio’s inability to prepare for the games in the manner that was expected by the Olympic committee, may have something to do with the lack of interest.
It appears Rio will be faced with empty apartments, inflation, unemployment, and a government that is still deciding what to do about their economic debacle. Banks are also reluctant to issues new mortgages. That complicates the situation even more. Real estate prices in big cities across the country are dropping. It may be time for some foreign investors to take advantage of the weak Brazilian currency and the strong dollar and invest in properties that will be put up for sale at ridiculously low prices, according to Cornelsen.
But in spite of all the challenges, Igor believes investors shouldn’t turn their backs on Brazil. There are great investment opportunities for the investors that are willing to wait. Cornelsen recommends investing in several assets that have a history of producing returns in a difficult economy. Igor knows what those assets are because most of them are in his portfolio.