Market Overview

Williamsburg Named One of Top Markets to Watch in 2015

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Williamsburg, Brooklyn was named as one of the top real estate markets to watch in 2015 by London real estate consultancy Knight Frank, Forbes.com said in a report.

The report, which also cited the Toyosu-Kachidoki bay-area in Tokyo; Barangaroo, Sydney; the 16th arronissement in Paris; Kowloon West in HongKong, among many, stated Williamsburg is benefiting from a rising trend among investors who have “regained their taste for adventure and are branching out into alternative markets in search of good opportunities.”

The report said that troubled locations in Europe like Dublin and Madrid that had been shunned by investors, as well as second-tier cities and emerging neighborhoods in major cities like London and Paris are seen by the firm to benefit from the trend. It added that as investors flock to these locations through 2015, home valuations in these areas are expected to jump.

“Safe-haven investors who might previously have only considered established market neighborhoods are now looking for new opportunities,” Knight Frank’s Head of Research, Liam Bailey, was quoted as saying in the report.

“The relentless march of gentrification and upscaling of neighborhoods in inner urban areas in the world’s leading cities offers opportunities to residents, who can access more affordable alternative options close to central business districts, but most obviously for developers and investors betting on the next new Shoreditch or Meat Packing District,” he said.

Zillow’s estimate showed that home sales prices in Williamsburg, Brooklyn range between $200,000 and over $3 million. Whole apartment buildings, meanwhile, could sell for over $30 million.

The Corcoran Group, a luxury real estate brokerage firm in New York, noted that Williamsburg has experienced “one of the most exciting real estate transformations” than any other place in New York City.

Williamsburg is wildly popular among artists and musicians for its abundance of garages and warehouses which this group of residents has turned into lofts, galleries and band studios. These spaces highlight a stark contrast between the neighborhood’s industrial lofts and luxury developments.

Realtors looking to increase their sales in this upcoming residential real estate market can use disruptive digital technologies developed by Realbiz Media Group, Inc. (OTCQB: RBIZ) to promote their listings to the right clients. Realbiz Media is a Florida-based digital media company that develops proprietary video marketing software that agents and their brokers can use to promote their virtual tour listings online.

Its Virtual Tour Program allows real estate sellers to create virtual tours and presentations that are optimized for mobile viewing and could be syndicated through social media for only $29.95 a month.

The program features a video search engine optimization (VSEO) tool that automatically generates meta tags and descriptions for virtual tours and listings that agents have uploaded to the platform so that they could be found easily by consumers online.

The program also has tools for creating QR codes, e-flyers, and seller reports as bonus features.

Realtors can also make use of the company’s listing platform Nestbuilder.com to market their NYC listings with videos, slideshows and virtual tours. Nestbuilder.com is a consumer site based on Realbiz Media’s patented marketing technology Nestbuilder Agent.

The web site makes a great platform for hosting real estate agents’ listings and for their personalized agent profiles which help them widen their reach and build their online reputation. Nestbuilder.com’s agent and listing pages also feature a contact form as well as social media buttons that connect agents with their consumers easily.

Realbiz Media’s platforms, applications and web sites feature social integration, which allow agents to cross-publish their posts to social networks like Twitter, Facebook, and Pinterest.

To learn more about Realbiz Media and its products, contact sales@realbizmediagroup.com or call 1.888.REAL.BIZ (888.732.5249).

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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