real estate keywords
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 February 27, 2007. Filed under: building property, property development, real estate, real estate keywords, real estate resources, real estate tips, rental |
In my search for a little set of tips for the aspiring landlord (who is also in search of a good rental property guide) throughout the blogosphere, I found the following links truly useful. Do check them out and tell me if it’s worth your time reading them!
HOW TO PURCHASE A RENTAL PROPERTY
LANDLORDS, SAVE TIME AND MONEY BY BUILDING YOUR RENTAL LIKE A TANK
VACANT RENTAL PROPERTY OR BAD TENANTS?
or better yet, discuss them on the Global Property Guide Forums if you like!
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Posted on February 27, 2007. Filed under: buying property, buying real estate, housing, real estate, real estate in the Pacific, real estate keywords, real estate laws, real estate market, real estate news, real estate report |
by Global Property Guide team
The Daily Telegraph in Australia reports that “rents will jump due to a dramatic fall in the number of apartments built this financial year” (courtesy of BIS Shrapnel) and that because of the superannuation law that is due to change in the second half of this year, most properties are being bought by owner-occupiers.
(What is superannuation? Superannuation is a form of savings where money is set aside by you and/or your employer and invested for your retirement. It is generally an ideal way to invest money for your retirement. Many funds also pay benefits if you die, or if an illness or accident makes you unable to work. See Superannuation)
How does this affect Australia’s rental market in general? You can check out the following links to relevant news about the critical situation in Australia’s real estate today:
Australia: Rents to jump for years
Rental crisis deepens
Australia’s rental crisis to get worse, say agents
Peter Ryan reports on Australia’s worsening rental property outlook
Be fair and fix a price for rental properties
More buy into rental market
We are inviting you to discuss this into our growing roundtable, see the GLOBAL PROPERTY GUIDE FORUMS.
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Posted on February 26, 2007. Filed under: buying property, buying real estate, real estate, real estate agent, real estate forums, real estate keywords, real estate market, real estate tips, selling real estate |
by Global Property Guide team
Lost between the ins and outs of real estate auctions? Here’s a little primer that might actually help!
What is a Real Estate Auction?
How will auction benefit me?
Benefits to the Seller, Buyer, and Real Estate Agent/Broker
Q. What is a Real Estate Auction?
A. A real estate auction is an innovative and effective method of selling real estate. It is an intense, accelerated real estate marketing process that involves the public sale of any property — most certainly including those that are nondistressed — through open cry, competitive bidding.
Q. How will auction benefit me?
A. The real estate auction is a win-win proposition for everyone involved.
BENEFITS TO THE SELLER:
* Buyers come prepared to buy
* Quick disposal reduces long-term carrying costs, including taxes & maintenance
* Assurance that property will be sold at true market value
* Exposes the property to a large number of pre-qualified prospects
* Accelerates the sale
* Creates competition among buyers – auction price can exceed the price of a negotiated sale
* Requires potential buyers to pre-qualify for financing
* The seller knows exactly when the property will sell
* Eliminates numerous and unscheduled showings
* Takes the seller out of the negotiation process
* Ensures an aggressive marketing program that increases interest and visibility
BENEFITS TO THE BUYER:
* Smart investments are made as properties are usually purchased at fair market value through competitive bidding
* The buyer knows the seller is committed to sell
* In multi-property auctions the buyer sees many offerings in the same place at the same time
* Buyers determine the purchase price
* Auctions eliminate long negotiation periods
* Auctions reduce time to purchase property
* Purchasing and closing dates are known
* Buyers know they are competing fairly and on the same terms as all other buyers
* Buyers receive comprehensive information on property via due diligence packet
BENEFITS TO THE REALTOR:
* Generates a list of ready, qualified buyers
* Offers clients and customers new selling and purchasing options
* Increases revenue and market share
* Develops your own market niche
* Assurance that property will be sold at true market value
* Property is sold within a relatively short period of time
* Exposes the property to many potential purchasers
* Auctions bring people in to look at all your listings, not just the auction listing
* Successful auctions result in referrals and return business
* Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker
via Realtor.org
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Posted on February 23, 2007. Filed under: housing market prices, real estate announcements, real estate in North America, real estate keywords, real estate news, real estate report, rental |
by Global Property Guide team
It’s been known that the Orlando real estate is undergoing a phase, now that the government of Florida has issued a new insurance law that will take effect beginning the second half of year 2007.
Yahoo Finance reports that “The new law gives a state-created insurer wider latitude to compete with private insurers like Allstate Corp. and State Farm Insurance Cos. in selling homeowners insurance.”
Correspondents from Sun Sentinel state that “The new Florida law allows Citizens Property, whose board is appointed by state officials, to have rates that are lower than those of private carriers, under some circumstances. Previously, Citizens was required to keep its rates as high or higher than the private market. The state’s separate hurricane fund could end up taking on a larger role in catastrophe reinsurance. The U.S. market for property catastrophe reinsurance is estimated at $70 billion to $80 billion, according to the Reinsurance Association of America, and the hurricane fund’s reinsurance capacity was increased to as much as $35 billion.”
There were exceptions to the rule, of course. Just recently, it has been reported that “the Florida Insurance Council is dropping its court challenge to an emergency order that temporarily stops property insurers from dropping policies or raising premiums before provisions in Florida’s new insurance law take effect June 1.
The council acted after Insurance Commissioner Kevin McCarty ruled that insurance companies could proceed with plans not to renew policies for customers who had already been notified they were being dropped. Companies also can resume cancellation of policies when they file their new rates in March, as long as policyholders get 100 days’ notice.”
Consider this as a turning point for agencies and brokerage companies doing business in Orlando real estate. We would like to echo what the correspondents have demanded: Who really should have the back of Americans when disaster strikes?
via: Orlando Sentinel
Discuss this! 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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Real Estate Buzz 