Tag Archives: argentina

Florida is most popular state in the US for overseas buyers

Florida remains the top State in the United States for foreign buyers with Miami one of the most popular locations for overseas real estate investors. Foreign real estate buyers made up 36% of sales in Miami and south Florida accounting for transactions worth $6.1 billion, according to the 2015 international buyer report from the Miami Association of Realtor and the National Association of Realtors. The annual survey, which includes data for Miami-Dade, Broward has this year expanded to include Palm Beach and Martin counties, and ranks countries of origin and highlights key characteristics of foreign buyers. Florida remains the top for international buyers with 21% of all foreign purchases in the US and Miami and Fort Lauderdale account for 50% of foreign sales, while the data also shows that there continues to be more foreign buyers in Miami than in the rest of the country. The number of estate agent members in Miami working with international buyers increased four points to 74% compared to the previous year more than double the national figure of 35%. ‘Miami members have unparalleled access to foreign buyers compared to the rest of the country,’ said Mark Sadek, 2016 chairman of the board of the Miami Association of Realtors. ‘Miami and south Florida attract foreign buyers unlike any other US market and increasingly from a more diverse group of countries,’ he added. In terms of dollar volume of sales in Miami some 78.9% of international sales were in Miami-Dade County, 18% in Broward, 2.7% in Palm Beach and 0.3% in Martin. Unit sales accounted for 22% of total sales in south Florida. The top five countries or origin for buyers in south Florida were Venezuela, Brazil, Argentina, Colombia, and Canada, accounting for 62% of sales. Other top countries included Mexico, France and Italy, Ecuador and Spain. The top five countries of origin for those buying properties just in Miami-Dade were Venezuela, Brazil, Argentina, Colombia, Italy, Mexico, Canada, Ecuador, France, and the Dominican Republic. In Broward County it is buyers from Canada and Venezuela that topped the list followed by Colombia, Argentina, Brazil, India and Russia while in Palm Beach County it is Canada and Brazil and Martin County China and Canada. The research also shows that foreign buyers spend more on properties than domestic buyers and paid $590,000 on average compared to locals spending $329,869. They also mostly pay cash with 75% doing so. Foreign buyers also prefer condominiums with 52% opting for this type of property and 61% buy in an urban area. They are mostly buying for a holiday and as an investment. Continue reading

Posted on by tsiadmin | Posted in Investment, investments, land, London, News, Property, Real Estate, Shows, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , , | Comments Off on Florida is most popular state in the US for overseas buyers

Brazilians search the most for property in Miami, new research shows

Potential buyers from Brazil are leasing investment interest in the Miami real estate market which leads the United States in international property sales. It again led all foreign countries searching for South Florida real estate on the Miami Association of Realtors website in February 2015. The South American country, which topped all global consumers searching Miamire.com in the same period last year, has regularly ranked among Miami’s top foreign buyers. According to the association the distinction is significant considering Miami has the highest concentration of foreign born residents of any major US city and leads the nation in international real estate sales. In 2014, Brazilians registered 11% of all South Florida international real estate deals. Brazil had the third most property transactions in Miami and Broward Counties among all global consumers, trailing only Venezuela at 16% and Argentina at 12%. Brazilians spend the most on South Florida properties among foreign buyers, paying an average of $495,000. On average, Miami’s international buyers paid $444,000 per purchase, compared to $245,000 state wide. ‘Miami is an international city with world-class amenities, and that’s a big draw for Brazilians,’ said Christopher Zoller, 2015 residential president of the Miami Association of Realtors. ‘Typically, the Brazilians moving to South Florida are upper middle class families who want to enjoy their prosperity earned in Brazil as professionals and entrepreneurs,’ he added. A breakdown of the February figures shows that after Brazil the next most popular nationality searching for property was Colombians, followed by Venezuelans, then Canadians and then Indians. Searches from Argentina, the UK, Russia, the Philippines and Italy completed the top 10. When it comes to domestic searches, the most came from California, followed by Georgia, then Texas, New York, Illinois, Michigan, Pennsylvania, Virginia, Ohio and North Carolina. Nationally, Miami is consistently one of the top markets for foreign countries searching for property in the US In February Miami ranked as a top five market for 12 of 20 foreign nations searching for real estate on Realtor.com and Realtor.com International. Miami registered as a top market for real estate consumers in Canada, Germany, Brazil, Mexico, France, Italy, Netherlands, Russian Federation, Spain, Sweden, Switzerland and South Africa. Continue reading

Posted on by tsiadmin | Posted in Investment, investments, London, News, Property, Real Estate, Shows, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , , | Comments Off on Brazilians search the most for property in Miami, new research shows

Investing Sensibly in China and Its BRIC Buddies

By David Smith August 28, 2013 It was a dozen years ago that Jim O’Neill, the recently retired head of Goldman Sachs ‘ money management arm, coined the term BRICs. It was simply an acronym for Brazil, Russia, India, and China, the four developing nations that were then expected to lead the world’s economic growth well into the future. But the foursome has fallen far short of those expectations. As The Wall Street Journal noted just last week, O’Neill says now that only China has come close to meeting the once heady expectations for the group. Still going strong? Assuming the big country meets the 7.5% growth rate that’s generally expected of it in 2013 — major slippage from prior years, but far better than the 1.5% improvement that’s likely to be coaxed out of the U.S. — it could nudge the combined BRIC growth rate toward intermediate-term expansion of about 6.6%. That’s well below the 8.5% for the past decade, but hardly chopped liver. A key consideration then becomes the existence of meaningful investment opportunities in the countries. India is the most economically downtrodden right now. Indeed, as Derick Irwin of Wells Fargo Advantage Funds was quoted by the Journal as saying not long ago, “India is not an investible economy right now.” Battered Brazil And while my druthers for playing the BRICs lie in the energy sector — several big public companies have sallied forth from the countries to ply their trade internationally, thereby spreading their geographic and geologic exposure — I’d eliminate Brazil’s once beloved Petrobras for now. The Brazilian economy is a shadow of its former self, with likely growth of 2% for the next couple of years providing a meager contrast to the 7.5% the country achieved in 2010. And while discoveries in the pre-salt Santos Basin had the world atwitter not long ago, the realities of sky-high production costs tied to the technologically challenging venue have played a big role in the pummeling of Petrobras’s shares during the past 18 months. A Chinese threesome Turning to China, my inclination is to examine the trio of CNOOC ( NYSE: CEO ) , PetroChina ( NYSE: PTR ) , and Sinopec ( NYSE: SNP ) , in that order. CNOOC is China’s largest offshore producer, with core operations in Bohai Bay off the country’s coast, the China Sea, and the East China Sea. It also works in Australia, Nigeria, Uganda, Argentina, Canada, and the U.S. In February, it spent $15.1 billion to buy Canada’s Nexen, then that country’s second-largest oil company. In the process, it gained operations in the North Sea, the U.S. Gulf of Mexico, and West Africa. It earlier had formed a partnership with Chesapeake for a one-third interests in the Oklahoma City company’s sizable positions in the Niobrara play of Colorado and Wyoming and the prolific Eagle Ford. Despite its broad international swath, a healthy 3.70% forward annual yield, and a 32% operating margin, CNOOC’s forward P/E multiple is just 7.4 times. PetroChina is the largest of the lot, with a $205 billion market capitalization. It’s more operationally diverse than CNOOC, with segments that span exploration and production, refining and chemicals, marketing, and pipelines. PetroChina is acquiring more than half of ExxonMobil ‘s interests in Iraq’s West Qurna-1 field , which may or may not be a good thing. And, in a joint venture with Royal Dutch Shell, its considering constructing an LNG facility in Australia. The company provides a 3.50% forward dividend yield. But while its operating margin is barely a quarter of CNOOC’s, it’s forward P/E is 8.6%. That said, I’d rather own the Hong Kong-based offshore company. My conclusion is similar vis-a-vis a comparison between Sinopec and CNOOC. The former on Monday reported a more than 24% year-over-year earnings increase for the first half of 2013. And while its forward yield is a compelling 5.90%, its operating margin, at 3.6%, is about a ninth of CNOOC’s. In part for that reason, its forward P/E is just 6.2%. A Russian play in London As to Russia, I’ll keep it short but surprising: I’d invest in Rosneft , the country’s giant oil company. But I’d do so through BP ( NYSE: BP ) . As my Foolish colleague Tyler Crowe noted last weekend, BP owns just under a 20% interest in the big Rusky producer. That stake arriveded through the sale of its half interest in TNK-BP, formerly Russia’s third-largest oil company, to Rosneft. The result for BP? A hefty $460 million in annual after-tax dividends. And for investors? A means to participate in Rosneft’s massive expansion with something of a filter from Russian shenanigans . A Foolish takeaway So there you have it: CNOOC and BP appear to be the best vehicles for BRIC energy investing. That conclusion is subject to change for a host of reasons, including geopolitics. Nevertheless, it provides a starting point for analyzing the investment opportunities that still exist among the BRICs. With the energy sector holding steady in the midst of market volatility, one company makes especially good sense for the addition to Foolish portfolios. Warren Buffett is so confident in this company’s can’t-live-without-it business model, he just loaded up on 2.19 million shares . An exclusive, brand-new Motley Fool report reveals the company we’re calling OPEC’s Worst Nightmare . Just click HERE to uncover the name of this industry-leading stock… and join Buffett in his quest for a veritable LANDSLIDE of profits! Fool contributor David Smith owns shares of Chesapeake Energy and BP p.l.c. (ADR). The Motley Fool recommends Petroleo Brasileiro S.A. (ADR). The Motley Fool has the following options: long January 2014 $30 calls on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . Continue reading

Posted on by tsiadmin | Posted in Investment, investments, London, News, Property, Taylor Scott International, TSI, Uk | Tagged , , , , , , , | Comments Off on Investing Sensibly in China and Its BRIC Buddies