The massive devastation caused by Hurricane Katrina in 2005 had brought the property market in New Orleans to its knees. Many homes were destroyed and most neighborhoods had become quite uninhabitable. But rather than admit defeat, many real estate investors, real estate developers and politicians were prompted to look at how they could all work together to help rebuild an area that has some of the most historically valuable sites and where magnificent heritage buildings stand cheek by jowl with condominiums and amazingly attractive residences. Please contact jeff@jeffmelancon.com or visit his site at www.jeffmelancon.com and www.luxurymarketexpert.com. You can reach his office @ 504-457-2662. His extensive research in the New Orleans Real Estate potential after Katrina is invaluable.

Many New Orleans properties that have attracted real estate investors from all over the world include Victorian style homes, French style homes, plush mansions and manor homes. Now, in the wake of Katrina’s fury, attempts are on to restore the vibrant culture of the city, and many new ultra modern developments are being constructed in this major sea port. They are set to become mid-rise and high-rise structures that will take New Orleans into the future and the more urbanized developments will allow the area to catch up in terms of real estate. The real estate agents together with developers will transform the way people see New Orleans and the economic aspects of this type of restructuring are set to be quite remarkable.

Some of the major developments that will provide investors with excellent opportunities are the 2,200 new apartments and condominiums that are currently underway in 9 different projects here in New Orleans. Post Hurricane Katrina, the property market in the capital city of Louisiana fell dramatically. The new market for high rise establishments will offer a low initial investment that experts have predicted will grow at a rapid pace. It is estimated that the number of high rise establishments could reach the 4,900 mark by 2009. The drastic urbanization of New Orleans, according to realtors and developers, will not only breathe new life into the city, but will also allow many more people to live in comfort and style as the era of vertical transformation develops.

As New Orleans is being almost totally rebuilt, there are opportunities for investors to take timely advantage of the situation and allow the low initial investments that they will make on developing projects grow into substantial profits. These profits will be fully realized by the predicted 8.4 percent property appreciation value that New Orleans is set to experience from 2007 onwards. This makes it the most valuable city in the United States in terms of finance and investment.

So make sure that you let Jeff Melancon know that you would like to become one of the investors in the biggest property market boom to be seen in a long, long time. Be sure to get in on the ground floor and find out more about specific New Orleans developments such as Felicity Crossings, Vantage Towers, Trump International Hotel and Tower, Saratoga Building and many others. As more high profile business executives, politicians, and developers offer their services and money to rebuild the festive New Orleans area, so too are investors welcome to benefit from this ever growing city.

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