Update on the market

08 June 2009 | By Andrew Issa in Real Estate Issues

Wow it’s June already!!!!!!!!! We have been busy showing properties and selling at a great rate, when you have the best professional agents on your team in the mist of a world crisis you know you’ll be fine. It’s a proven fact that companies with the best service over the years will get the bulk of the business during these slow times.

We’ll I am excited because if we keep up our pace we will have the best year ever in real estate. At Coldwell Banker Jamaica Realty we love watching our clients real estate portfolios increase in value, we are kind of like geeks in this way.

There are great deals out there and many persons who are holding on to their cash hoping for prices to decline may just miss great opportunities. The announced reduction in transfer tax and stamp duty for January 1st 2010 is more than likely going to come forward to July 1st 2009.

My main forecast is that the world has become such a  small inter connected  business place that once the main economies turn there is going to be such a rush for property that prices will shoot up again. Just look at the price of oil at US$70.00 a barrel.

Again take my advice and think long term for real value appreciation.

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