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The Florida real estate market is on an upward swing, and the Miami
area market is certainly no exception. With strong economic growth,
jobs, and schools, it’s a prime growing location. City life, with great
beach access, make it attractive to both newcomers to the area. The
city itself is also steaming with culture, and more is coming. Miami is
home to the Performing Arts Center and the Design Art District. Of
course, it’s also home to the Miami Heat. Miami is a favorite of both
tourists and retirees as well, only adding to the growth potential of
both real estate and the employment markets. |
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The Tampa area is going to see growth, according to Tony Polito,
director of Metrostudy’s Tampa Division. Metrostudy tracks construction
patterns. Tampa recorded over 5,000 new starts in 2004 3rd quaeter, up
5.2 percent from the previous year. The annual start rates increased 19
percent.
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The Russian newspaper Vedomosti has reported the Russian GSM company
MTS fell short of buying Turkish mobile telecommunication company
Telsim.
A related article said MTS made an offer $2.85 billion;
however, British Vodafone proposed the highest bid of 4.55 billion and
won the sell-off tender held Wednesday in Istanbul.
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With talks between Microsoft and Time Warner Inc ended, exclusive
negotiations are now under way between Google Inc. and Time Warner. The
deal would be over $1 billion and include a broader advertising
partnership with America Online, executives close to the talks report. |
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Italy will pull another 300 troops out of Iraq in January 2006, told Italian Defense Minister Antonio Martino earlier Thursday.
By
the end of January, the number of Italian troops stationed in Iraq will
fall from 2,900 to 2,600, Martino added in his statement. |
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The International Monetary Fund (IMF) Turkey Desk Representative Hugh
Brendenkamp said the Fund expects slow cuts in the interest rates by
the Turkish Central Bank in line with the circumstances in 2006.
Brendenkamp
answered question during a joint CNBC-e and NTV broadcast Wednesday.
The drop in the inflation rate is slowing down a little and for this
reason, pulling interest rates in line might be less likely. |
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The news magazine Der Standard published in Austria attracts attention to the rising financial debates inside the European Union in an opinion article published this week. |
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British oil giant BP announced on Wednesday that the launch of commercial operations on the Baku-Tblisi-Ceyhan (BTC) pipeline have now been put back until mid-2006 due to delays on the Turkish side. BP's Azerbaijan representative, David Woodward blamed builders of the Ankara-managed segment of the 1,7770 km pipeline for being late on their end. |
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Economists have been assuming that that Florida’s real estate
market, one of the nation’s red-hot housing market, is a bubble that is
about to burst.
However, not everyone believes this will happen. Local Florida real
estate organizations are aware of their market’s success and are
positive that it will last longer than expected. |
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