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Posted on March 22, 2007. Filed under: buying property, buying real estate, housing, housing market prices, property, property development, real estate, real estate bubble, real estate feature, real estate forecasts, real estate in Europe, real estate investment, real estate keywords, real estate market, real estate news, real estate report, real estate trends, selling real estate, travel hotspots |
by Global Property Guide
If you thought Moscow property prices couldn’t go any higher – well, they just have! Apartments in the centre of the city are being sold and rented at prices which would appear to defy all reason – except that Moscow is a city, now, of extraordinary wealth.
The average price of an apartment rose to US$16,363 per sq. m. in prime Moscow districts in Q3 2006, according to Knight Frank, Moscow. Re-sale apartment prices rose 62.8% in the three quarters to Q3 2006. Newly built apartment prices rose by 79% in the three quarters to Q3 2006. A small three-room apartment (60 sq. m.) in central Moscow is now worth US$1 million. First-class apartments can command twice that or more – US$30,000 per sq. m. and up is not unknown.
Property is not all that’s booming.
Read the rest of the article here:
Moscow just keeps on booming!
Yields are falling in Russia, but still high
Pro-tenant rental market in Russia
Buying costs are high in Russia
High, flat taxes for non-residents
Reclaiming the Superpower status
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Posted on March 9, 2007. Filed under: buying property, buying real estate, housing, press release, property, real estate, real estate in Asia, real estate investment, real estate resources, real estate trends |
by Prince Christian Cruz
Last Updated: February 28, 2007
The rental returns from letting residential condominiums in central areas of Metro Manila range from 8% to 15% yearly, according to a survey just released by the Global Property Guide.
The smallest apartments in each segment earn the highest yields. For instance, studio apartments in the prime areas of Metro Manila can earn around 13%-15%. But the highest returns are available on the smallest studios (30 sq. m.), which earn rental returns of an average of 15.1%. Larger studio condos (40 sq. m.) earn slightly lower returns (12.9%).
The same pattern holds in other condominium segments. One to two bedroom units (measuring 50 – 90 sq. m.) earn around 12%-15%, but the highest returns can be earned on the smaller (60 sq. m.) condos, which earn rental returns of 15%. Larger 1 – 2 bedroom condos (80 sq. m.) earn rather lower returns (11.5%).
“The pattern is unusual,” says Matthew Pollock, publisher of the Global Property Guide. “Instead of a smooth progression from high yielding units to low, we have high to low with high-yielding ‘ridges’ or ‘lumps’ at particular apartment sizes – which correspond to the smallest case of a particular number of bedrooms.”
full article here:
Philippines: High Yields on Metro Manila Condominiums
filed under: real estate, real estate asia
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Posted on March 1, 2007. Filed under: buying property, buying real estate, mortgage, property, real estate, real estate agent, real estate forecasts, real estate in Europe, real estate market, real estate news, real estate report |
via Thisismoney UK
In the UK, there are at least three top companies which spew out in-depth reports and forecasts on real estate and housing trends. These are Halifax, Nationwide, and Hometrack. Halifax said that the average home in the UK “rose by 9.9% last year to reach £186,035. They have also predicted a further rise in 2007 of 4%.” Nationwide stated that it “rose by 10.5%, in 2006, to £173,746, and they have forecast a rise of 7% in 2007.” Whereas Hometrack declared that UK homes‘ cost rose by 5.7% last year to £170,100.
Elswhere, the National Association of Estate Agents chief executive Peter Bolton-King predicts that there will be a 5% growth for 2007.
However, The Royal Institution of Chartered Surveyor determine that the prices rose by 8% last year and predicts a further 7% increase for 2007.
This may at some point coincide with reports that UK and the rest of Northern Europe will continue to experience real estate boom. Note, however, that the RICS says that last year housing affordability deteriorated by 14% and a first-time buyer couple would now need to save £32,800 to buy a home.
The bottom line is that experts do not see a double-digit increase on house prices.
Did you find this article useful? Discuss it at Global Property Guide forums!
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Posted on February 26, 2007. Filed under: buying property, buying real estate, property, real estate, real estate agent, real estate announcements, real estate market, real estate news, selling real estate |
via East Valley Tribune
There’s news that the National Real Estate Auction Corp. will host a massive real estate auction in downtown Phoenix next month — offering everything from starter homes to multimillion-dollar estates. This is according to East Valley Tribune.
Although auctions can be a good tool, buyers and sellers need to do their homework, said Brad Wood, an agent with Realty Executives in Scottsdale.
“It’s all about pricing,” Wood said. “Just because you’re buying from an auction doesn’t necessarily mean you’re getting a good deal.”
I totally agree to this. I mean, even when buying property overseas, you need to take your time, listen to different people, and do your homework.
But it’s interesting that competition drives a lot of real estate agents to the heights of creativity — in this case, auctions, which are a bit unconventional. Or are they?
Would you like to post your own announcements? Visit the Global Property Guide forums!
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Posted on February 22, 2007. Filed under: building property, buying property, home search, homes, housing, housing market prices, mortgage, off topic real estate, press release, property, property development, real estate, real estate agent, real estate announcements, real estate bubble, real estate chart toppers, real estate facts, real estate feature, real estate forecasts, real estate forums, real estate in Africa, real estate in Asia, real estate in Europe, real estate in Latin America, real estate in North America, real estate in the Caribbean, real estate in the Middle East, real estate in the Pacific, real estate keywords, real estate lists, real estate management, real estate market, real estate news, real estate reader, real estate resources, real estate tips, real estate tools, real estate trends, rental, selling real estate, travel hotspots, Uncategorized |
Carry trade is defined as The speculation strategy that borrows an asset at one interest rate, sells the asset, then invests those funds into a different asset that generates a higher interest rate yield. Profit is acquired by the difference between the cost of the borrowed asset and the yield on the purchased asset.
There’s an echo among real estate forums lately that Japanese increasing rate versus the declining value of Japanese Yen may greatly affect the yen-carry trade. According to the latest Reuters report, however, “high risk yen carry trades exploiting Japan’s low interest rates are in no danger of losing their appeal as long as Japanese monetary policy remains predictable and financial market volatility stays low.”
So what is your opinion on this? Do check out the Global Property Guide forum and start a new thread!
via: Reuters
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Posted on February 22, 2007. Filed under: buying property, home search, homes, property, real estate agent, selling real estate |
One of the top searches on Google and Overture is raleigh north carolina real estate. It’s amazing what sites appear on Google when this keyword phrase is being looked up. These are Google’s chart toppers:
http://www.fmrealty.com/
This is a site that lets you search for property and rental services as well as pre-approval. You also get quick access to guides if you are either a property buyer or seller. It’s easy to navigate the site when you’re searching for property in raleigh north carolina real estate. With just a quick click of the mouse, you’ll find a house in NC in no time.
http://www.homegain.com/homes_for_sale/NC/hsx_state_page
Here you’ll find a directory of areas in raleigh north carolina real estate where you can quickly check for a home on sale. However, the website may require you to be a register as a member first before getting access to other features of a site, especially those dedicated to real estate brokers.
http://www.virtualraleigh.com/
This website doesn’t only let you in on raleigh north carolina real estate, it also lets you have quick access to links to other local interests, hotspots, activities, and general North Carolina information. You’ll find a small directory for business in raleigh north carolina at the bottom of the page.
http://www.hpw.com/
Google has tracked down this group of real estate agencies/companies that provide a number of services for people who would like to search and buy homes within the Raleigh, Durham, Chapel Hill, Cary, Knightdale, Garner, Mebane and Hillsborough area.
http://www.chrisedwardsgroup.com/
Another top companies in raleigh north carolina affiliated with Cary Apex Real Estate.
http://www.city-data.com/city/Raleigh-North-Carolina.html
How much do you know about raleigh north carolina real estate? Moreover, how much do you know about the weather, population, economy, topography, and government in North Carolina? Care to look at photos? This site provides them all.
Other top ranked sites for raleigh north carolina real estate search are:
http://www.realestate.com/local-homes/north-Carolina/raleigh.aspx
http://www.carolinaliving.com/heartlands/RTPraleigh.asp
via: Google search
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Real Estate Buzz 