Property For Sale: Las Lomas Phase 4, Bonalba Golf Course, Costa Blanca, Spain –

Was completed in October 2005 a brand new 2 bedroom, 2 bathroom apartment 94m2, with allocated underground parking space & use of communal pool & sports facilities. Located & overlooking the Bonalba golf course. Also offering uninterrupted views towards San Juan and Alicante. Phase 4 has been built as a unique circular building, currently the only one on the Bonalba development.

This apartment is one of the biggest in the development.

Price 180,000 Euro FOR A QUICK SALE.

On completion the property was valued at 212,000 Euro. The developers are selling similar for 221,172 Euro.

Email: bonalba@market-trend.co.uk

10 priciest cities for renters

                                                             City Avg. rent                Annual rent chng.           Occupancy

New York** $2,469 NA 97.10%

San Francisco $1,945 8.8% 97.4%

Los Angeles $1,586 6.5% 97.5%

San Jose, Calif. $1,487 11.6% 98.2%

Orange County, Calif. $1,387 6.0% 96.8%

Boston $1,332 2.1% 96.7%

Oakland $1,245 5.8% 96.8%

San Diego $1,213 3.1% 97.1%

Washington, DC $1,205 4.5% 97.4%

Fort Lauderdale, Fla. $1,134 9.7% 97.5%

*Source: M/PF Yieldstar; second-quarter snapshot

**Source: REIS Inc.

HOUSE prices are set to drop in the US for the first time on record, US investment bank Goldman Sachs warned this weekend.

Prices in several segments of the market have already started to fall, and the overall market will move into the red even in nominal terms next year, fuelling fears that this will trigger a downturn in consumer spending and hit an already slowing US economy.

Jan Hatzius, economist at Goldman Sachs, said: “The risk is rising that nominal US home prices may be headed for an outright decline in 2007. It would be the first decline in national home prices ever recorded, at least in nominal terms.”

In real terms, prices have declined during several periods, including a 9% drop from 1979 to 1984.

In a special analysis of the data, the Goldman economists found that seasonally adjusted US house prices were already falling in dollar terms. The nominal median price of a single-family home has been declining slightly at a 1% annualised rate since the fourth quarter of 2005, the research shows.

The median price of a condo or co-op apartment has been falling more steeply at a 9% annual rate. Hatzius said: “It is not surprising to see relatively greater weakness in the condo and co-op market, which is much more concentrated in overheated coastal parts of the United States”.

Asking prices, according to the real estate brokers’ multiple listing services, are also weak. Goldman’s proprietary database covering 52 regional markets shows that, on a population-weighted basis, the median asking price is up only about 2% since last summer.

Given the reported sharp decline in bidding wars over the last year and the increasing willingness of sellers to accept lower offers, this is probably also consistent with a drop in home price inflation into negative territory, the report says.

The Office of Federal Housing Enterprise Oversight’s index is also likely to show a sharp slowdown for the rest of this year. As of the first quarter of 2006, this index was up 10.1% year-on-year, extremely close to the 10.4% year-on-year increase seen in the National Association of Realtors median-price data.

Goldman is forecasting that the year-on-year Office of Federal Housing Enterprise Oversight’s index growth could fall to 4% by the second or third quarter of 2006, and possibly into negative territory in 2007.

The bad news on house prices comes after the US economy slowed to an annualised 2.5% in the second quarter, down from 5.6% in the first quarter. This fuelled hopes in the markets that there could be an end the Federal Reserve’s rate hike campaign, which would boost share prices, even though the core inflation measure favoured by the Fed increased at an excessively strong annualised rate of 2.9%.

The Dow gained 119.27 points on Friday, or 1.07%, closing at 11,219.70. It posted its best weekly point gain since May 2005 as investors regained hope that the crisis in the Middle East would remain contained.

Source: thebusinessonline.com

Talk with like minded individuals about real estate, stock markets, forex, tax issues, personal finance and much more at TalkFinances.com

The Reserve at Woodbridge Condo Conversion in Bluffton, S.C. Achieves a 75% Sellout!

BLUFFTON, S.C., June 20 /PRNewswire/—Paramount Properties of Florida hit a grand slam on Saturday, June 10th as an astonishing 75% of the 214 available units at The Reserve at Woodbridge were sold during the Grand Sales event.

According to Paramount CEO Tom Cabrerizo, “The feedback we had been getting indicated that interest in The Reserve at Woodbridge was going to be high, but selling the majority of the units by the end of the Grand Opening was beyond our most optimistic projections.”

Cabrerizo has also been witness to many previous successes in the same area. He goes on to say, “We’re in the condo-conversion business. We recognized there’s a lack of affordable real estate in that market, in that location. We did a similar conversion in Bradenton and we sold out about 90 percent in 30 hours. It was exceptional.”

Sales and marketing for The Reserve is being handled by N5R. Roman Bodnarchuk, N5R’s founder and CEO, was equally jubilant. “We are delighted with the fact that 75% of the project is sold but also want the public to know that there are still units available at opening prices starting in the low $100’s. We anticipate that they will be snapped up real soon.”

The Reserve at Woodbridge is situated in the exclusive Woodbridge Residential Community, one of the most prestigious addresses in the Greater Bluffton Area. The Reserve epitomizes the refined sense of community South Carolina’s Low Country is renowned for and has great appeal for buyers who seek an upscale alternative to the mature developments on nearby Hilton Head Island.

It has also been designed to take advantage of Bluffton’s famed natural beauty and the relaxed “Low Country lifestyle” so appealing to visitors and residents of the area. Windows and balconies look out upon Beaufort County’s peaceful wooded wetlands. Some of the noteworthy amenities include a resort-style swimming pool, full-featured business and fitness centers and an exclusive “members only” clubhouse. The interiors have been completely renovated with a nod to convenience and luxury. The Reserve at Woodbridge accurately reflects Paramount’s extensive experience with condo conversions and is certain to achieve similar success!

ABOUT PARAMOUNT

Paramount Companies of Florida, headquartered in Miami, Florida, is a leading Real Estate developer with over 25 years of trusted commercial, residential and industrial property experience. Paramount currently oversees the day-to-day operations of over 750,000 square feet of commercial and retail space, and their impressive residential portfolio includes communities throughout the US, with over 10,000 units nationwide as well as condominium conversions throughout Florida, Georgia and South Carolina.

For more information or to arrange an interview, please contact:

N5R Nelson Hudes (905) 660-9155

DATASOURCE: N5R

CONTACT: Nelson Hudes of N5R, +1-905-660-9155,

Web site: http://www.n5r.com/

If you are in the real estate or investment business for a limited time only you can add your site to this new directory for free

www.PropertyandInvesting.com

Average rents in major Western markets:

Metropolitan area: average Dec. 31 rent, percent change from previous year.

Los Angeles/Orange counties: $1,459, +6.6 percent

Ventura County, Calif.: $1,363, +4.4 percent

San Francisco/Oakland: $1,359, +3.7 percent

San Jose, Calif.: $1,330, +3.5 percent

San Diego: $1,254, +3.3 percent

Solano County, Calif.: $1,092, +1.8 percent

San Bernardino/Riverside counties: $1,086, +7.3 percent

Sacramento, Calif.: $926, +1.4 percent

Seattle: $904, +3.0 percent

Denver: $852, +0.1 percent

Las Vegas: $824, +6.0 percent

Reno, Nev.: $821, +4.7 percent

Portland: $751, +1.5 percent

Phoenix: $758, +5.1 percent

Fresno County, Calif.: $743, +4.5 percent

Colorado Springs, Colo.: $709, -1.4 percent

Boise, Idaho: $706, +0.7 percent

Salt Lake City: $680, +1.6 percent

Albuquerque, N.M.: $666, +2.5 percent

Tucson, Ariz.: $616, -1.4 percent

Source: RealFacts Inc.