Medical Blog 92237

When is the last time you drove down Collins Avenue in the heart of Miami Beach? If it has been awhile, then you might be shocked! Views of the beach running along the coastline are long gone, and have been replaced by high rise hotels and condominiums. The same holds true for many of the hot vacationing spots throughout the world. So much that the $350 million Trump International Hotel and Tower at Waikiki Beach Walk being developed isn't even on the water, it is being built offshore because land could not be secured directly on the coast. The reason for this is simple, there is a shortage of land, especially along coastlines, and investors have had to turn to alternative development methods in order to compensate for active and luxurious lifestyle demands.

With top of the line health care, an emerging economy, a stable political system, vast options for entertainment, and a real estate market that has historically appreciated very well, many people are opting to reside somewhere in the U.S. If only 10% of the 135 million World Boomers purchase a residence in the U.S., then the population of the United States could increase by 13 million over the next 15 years.

The National Association of Realtors and the National Association of Home Builders both agree that boomers want to purchase luxurious second homes, with features and amenities similar to their main residence. That is why the demand for Condo Hotels has far exceeded its supply.

Condo Hotels offer owners and renters the amenities they are accustom to along with all of the features of a 5 star hotel. Nearly every single Condo Hotel property that has come to the market to date has sold out in the pre-construction phase. If only 2% of boomers demand a Condo Hotel, than 1.5 million condo hotel units will be demanded over the next 15 years. Plain and simple, demand will be greater than supply, and when this type of unbalance occurs, property values will appreciate sharply and the owners of Condo Hotels will benefit greatly.

Branden Lewis is a founding partner of Condo Hotel Marketplace, an online portal dedicated to the advertising and marketing of vacation properties for sale or for rent. To learn more about selling or renting a condo hotel, please visit http://www.condohotelmarketplace.com

// posted by medical37025 @ 3:35 PM 0 comments