The real estate market in Brazil has been growing at an exponential pace in the past couple of decades, especially due to the government’s push to develop sustainable infrastructure in the country. The demand for luxurious residential properties has also increased drastically in the last few years. JHSF Development industry has played a vital role in developing high-quality and elegant residential projects across Brazil in many different cities. The company has played a key role in shaping the real estate landscape of the country and has also developed the commercial executive airport, world class shopping centers, and Incorporations. The company has also built a chain of Fasano Hotels and Restaurants, which it runs and manages.
JHSF Development frequently partners with international designers and developers for its residential commercial projects to ensure the result is at par with the properties seen in developed nations. The Bovespa has listed JHSF Development for maintaining highest standards in corporate governance. It gives an insight into the commitment of JHSF Development who has not failed in providing consistent results for over four decades. The company has withstood the challenges of time and even failing economy to rein at the top in the real estate market of Brazil.
Jose Auriemo Neto serves as the company’s CEO and Chairman and has played a significant role in writing the success story of JHSF Development in recent years, even amidst heavy competition in the real estate sphere. Jose Auriemo Neto has helped in collaborating with many international partners and developing quality residential and commercial projects in Miami, New York, and parts of Uruguay, including in Punta del Este. Jose Auriemo Neto has tremendous experience in the real estate space, and he has put all his experience in ensuring that JHSF Development continues to grow and expand not only in Brazil but makes its mark in the global real estate market.
Jose Auriemo Neto is dedicated to ensuring continued growth of JHSF Development Inc, and it is why he recently relocated to New York along with his family. He moved to New York City to oversee and manage the residential property construction by JHSF Development on Fifth Avenue.
The real estate market in New York City is insane. That’s one way to look at it, according to real estate brokers that are having the best financial years of their lives. For the last seven years, New York City real estate prices have increased by double digits every year. The prices in some parts of the city have reached double-digit million dollar figures. One billionaire has a contract for a triplex worth $200 million in the Central Park South area of the city. Real estate brokers say that is just the beginning of mega-million dollar price tags for new construction in several areas of Manhattan.
Town Residential Managing Director Ryan Fitzpatrick thinks residential properties in Manhattan and Brooklyn will continue to increase in value, but some agents from other real estate companies disagree. The executives at Cushman and Wakefield believe the 2016 commercial real estate market will not be as strong as it has been the last two years. The last two years brought record-breaking prices to the investment market. In 2015, more than $74 billion in sales were reported across the city.
The Cushman and Wakefield group does see some cracks emerging in the investment market, but that is not the case in the residential market, according to Town Residential brokers. Town Residential brokers don’t have time to sleep because their phones are constantly ringing, and most of them like it that way. The six featured residential properties listed by Town Residential have a combined value of more than $49 million, and real estate firms around the city are experiencing the same kinds of prices.
Cushman and Wakefield are basing this new, somewhat pessimistic forecast on land prices. The company sees a slight decrease happening in certain areas of Manhattan, but no one broker is ready to say that the investment market will have a down year in 2016.
Even the New York Times is bullish when it comes to writing about the real estate market in the city. According to a recent article, prices continue to increase, and buyers will continue to pay them. New York is not like other cities. New York is the beating heart of the nation. It may not beat the way some people like, but there’s no doubt it beats in sync with millionaires and billionaires around the world.