There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Stuart Eisenberg and Anthony La Malfa via Real Estate Weekly
Used by more than 60 million people in 190 countries, Airbnb – the trusted community marketplace for people to list, discover and book unique accommodations around the world – could become the preferred lodging of choice for travelers in the near future. And investors agree. In late June, Airbnb closed a $1.5 billion funding round with a staggering $25.5 billion valuation, one of the biggest private rounds in history. Given the growing and expansive reach of, and interest in, Airbnb, it is increasingly positioned to meaningfully impact the real estate industry, especially the hotel and multi-family rental markets as it shifts demand away from traditional options. In fact, the dramatic growth of Airbnb is catching the attention of many hotel professionals, whether they want to admit it or not.
By Alyssa Abkowitz via The Wall Street Journal
Here’s some intelligence for Americans who think of Guam only as a military outpost. The U.S. territory in the Western Pacific offers white-sand beaches and ocean vistas—at far lower prices than its closest American neighbor, Hawaii. Last year, Cielo and Roberto Martinez purchased a three-bedroom beachfront condo for $930,000 in La Stella Maris, a 12-unit building on Tumon Bay. Originally from New Orleans, the couple moved to Guam from Las Vegas nearly four years ago because “my husband always wanted to live by the ocean,” says Mrs. Martinez, a 59-year-old retired honorary consul general of the Philippines in New Orleans, whose husband is a radiologist. “It’s like living in a cruise ship, we’re so close to the ocean. Every morning we sit on the balcony and have breakfast and sometimes we can see stingrays and dolphins.”
By Sean Stewart-Muniz via The Real Deal
South Florida’s luxury residential market has led the charge in the region’s recovery from years of real estate stagnation during the recession. But several factors are now prompting market observers to question whether the luxury sector in Miami-Dade County is starting to lose its momentum. Analysts and industry members point to a buildup of inventory and a strengthening U.S. dollar that, in some cases, has more than doubled the costs for international buyers, who have played a big part in Miami-Dade’s recovery. “South Florida’s luxury market is at a pivotal time in this cycle,” said Peter Zalewski, the founder of Condo Vultures in Miami, and a columnist for The Real Deal. “Foreign nationals are still interested in luxury condos but are no longer excited about the price due to real estate appreciation as well as a strengthening U.S. dollar,” he said.
By Ari Rastegar via Forbes
Is real estate a good way to generate strong returns for retirement? Absolutely. Having a reasonably steady, and a mostly predictable, income stream is the Holy Grail for retirees. This is why investors love real estate. You’ve heard it time and time again: Cash Is King. It’s most certainly a cliché, but its resonance becomes reality with real estate, particularly with this simple modification: Cash In Hand Is King. Here’s why: Protecting Your Principal — One of the most important goals for generating retirement income is lowering risk while protecting your invested capital. This is called principal protection. Companies that produce consistently high and growing levels of free cash flow for investors (who realize income on a quarterly or monthly basis) are much less likely to go bankrupt and take all of your money with them.
By Art Patnaude via The Wall Street Journal
The government of Canada has sold its former embassy building in Athens, a rare deal in a Greek commercial real-estate market rendered all but dormant this year by the political uncertainty that has gripped the country. The 15,000 square-foot building about 2 miles from the Acropolis was sold for €4 million ($4.4 million) to a subsidiary of Turkish conglomerate Dogus Holding. The sale is small compared with deals cut in other European Union capitals, where commercial buildings regularly sell for tens or hundreds of millions of euros. Canada sold its former London embassy building for 530 million Canadian dollars ($405 million) in late 2013. But for Greece, “because no deals are happening, it’s a very big deal,” said Ana Vukovic, managing director for Greece and Serbia at broker Colliers International, which was hired by the Canadian government to sell the building.
Did you like these articles? What were your favorite articles this week?