Archive for the ‘Flats’ Category

Real Hot And Cool Both

Wednesday, January 18th, 2012

here is more about Dubai you should know apart from its breathtaking skyline and the trade and commerce. Specially, if you were about to finalise a travel plan to one of its famous sea beaches. Things like the law, political system, weather and traffic congestion are some of the key areas that require attention. This article gives you an account of the same important issues before you embark on with your much awaited sojourns.

Historical Background

Dubai was one of the first emirates to join the UAE, a unified group of seven Muslim majority states, when the British forces finally left the Middle East in 1971. The area is surrounded by Saudi Arabia and Oman and the shorelines unite with the Persian Gulf and the Gulf of Oman. A Supreme Council of Rulers is the governing body of the United Arab Emirates. This council consists the seven ruling Emirs as its members, who in turn appoint the Prime Minister and the various Cabinet berths for the federal government. Note that while the Supreme Council of Rulers has overall control of the complete UAE, Dubai is famous for the high level of autonomy that it maintains as far as its local development issues are concerned.

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Real Estate Landscape in India

Saturday, January 14th, 2012

Real estate is a highly fragmented sector in India, with only a few organized players. Most real estate developers have only a local or regional presence and there is moderate participation from large corporations till now. The top players in the Indian real estate and construction industry are DLF, Unitech, Omaxe Hiranandani and Ansal group.

Most of the real estate developers in India today are giving a lot of quality and value adds like swimming pool, health clubs, gardens in their projects. The only negative factor today is that there is limited ready stock with good developers. The demand from the information technology sector certainly has changed the urban landscape in India. The sector is the biggest driver for commercial properties in India, and residential properties in India are indirectly benefited of the economic activities created by the sector.

In the residential properties segment in India, Gurgaon has clinched the status for a case study. Gurgaon, one of the national capital regions of India, which has seen a fundamental change in not just its skyline but also in its fundamental urban demographics. Gurgaon, a few years ago, was described as just a small town built on a cow pasture. But in the past seven and eight years, it has witnessed 20 malls with many more under construction and has a skyline of shining new office buildings and call centers.

Gurgaon is considered a shopper’s paradise and the malls are similar versions of their US counterparts: five story big bazaars which house almost every international brand like McDonalds, Levis, Nokia, Nike and Tommy Hilfiger along with multiplex cinemas, escalators and large parking lots. The arrival of call center industry, information technology houses and other such BPOs in India has led to an inflow of more than 9 lakh new jobs. Outsourcing business has changed the real face of commercial properties in India, but its greater impact has been the demographic shift characterized by rising disposable incomes and increased consumerism.

Mumbai has always been the trendsetter in the indicative property prices of real estate India. Upcoming cities like Bangalore, Hyderabad, Gurgaon are seen fast catching up with this trend. But on the other hand it has been noted that there exists a tremendous shortfall of middle class housing and affordable housing in India. Majority of the developers are involved in developing high class housing, so there is a dearth of low cost affordable units.

Rental value of the properties of most of the Tier I cities has gone up at a very fast pace. Individuals have started giving a serious thought about purchasing an apartment as the installment for home loans are almost equivalent to the amount they spend on paying the rent. Moreover, at the end of the day the individual has a sense of satisfaction that he has managed a fixed asset for himself.

 

The Best Places to Buy in 2012

Thursday, January 12th, 2012

Looking for a good place to buy a house in 2012, but not sure where to look? Here’s a quick rundown of average property prices in the UK, plus a listing of some good prospects abroad, to help you out.

UK property

In London and Wales, average home prices have been pretty steady, playing just between £150,000 and £165,000 from November 2010 to November 2011. In Scotland, however, things have been more volatile. The average price of property there has fallen to as low as £142,000 in March 2011 and has shot up to nearly 166,000 in July.

From September to November, Scotland property prices have seemingly stabilized at around £158,000 but there’s no telling how long that stability will remain. (On the other hand, the more sceptical among us could say that exactly the same thing can be said for Wales and England property, all things considered.)

As of November 2011, the highest property prices can be found in London, with averages running at nearly £350,000. Month change is at 0.8%.

The biggest month change can be seen in Glasgow, at 4.4%. Average property prices there are at around £140,000.

At the other side of the coin, the lowest property prices in UK have been at the North East, at close to £102,000. Month change there has been at 0.3%.

Prices had fallen most in the East of England, with -0.6%. Average prices there are roughly at £123,000.

Property abroad

For overseas property, the top destinations have been Spain, France, and Portugal.

In 2011, France overtook Spain as the number one place where Britons are searching for property to buy. Reasons given for looking at France include the slower pace of life, the good food and climate, value for money, and nostalgia because of its great history and culture.

Buying property in France is a pretty safe and straightforward transaction. It’s unlikely that you will experience any of those overseas buying horror stories we all sometimes hear.

Spain, of course, is still a favourite. For years, it’s been Europe’s most popular vacation place, and it’s no surprise that some of the vacationers eventually decide to stay and purchase property there, especially since the rural retreats are so reasonably priced and the process of property buying in Spain, like in France, is quite easy for EEC nationals.

And then there’s Portugal, the third country where UK citizens have chosen to either buy their second homes or reside permanently. Portugal’s popularity actually comes as no surprise, as the country’s allure is very similar to its Spanish counterpart’s: the relaxed way of life, the festivals, the food, the landscape, the warmth of the people. Truly, many of the things you can find in Spain, you can also find in Portugal.

In addition, a UN and Gallup survey has named Lisbon to be the safest capital in the European Union. Also the property in Portugal for sale is wide and varied from city apartments, beach homes to large villas with swimming pools.

Portugal property for sale by CSF Property.

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Private Home Sale: Negotiating Effectively

Saturday, January 7th, 2012

Sellers must know how to start and finish a home sale right. A perfectly marketed, staged and promoted property is bound to fail when you do not understand how to effectively negotiate with prospective buyers. It’s a skill every home seller must learn and be good at. The difference of a good and best deal relies heavily on the seller’s ability to negotiate.

The ultimate goal of negotiating is to arrive at a win-win situation for both you and the buyer. Its basic element is trust. In order to gain it, you must give it. The process should be allowed to move forward. Don’t hesitate to make or request for compromises when negotiating.

Be ready to negotiate

Negotiating with buyers requires sellers like you to prepare for it. First, you ought to determine your goals. They must be realistic. This will serve as a basis when it come to the compromises you will be making eventually. When you take time to prepare for this, you will be more apt to negotiate with potential buyers.

Know what’s negotiable

In negotiation, not every offer will be favourable to you. Thus, a compromise for both parties is expected. It’s essential for you to determine which aspects of your home sale are negotiable prior to negotiating with buyers. When buyers are aware of this, you’re saving them from making vain offers. This will make the negotiation easier and smooth sailing for both seller and buyer.

Adjustments can be made to accommodate either your preference or the buyer’s when negotiating. Of course, this has to be mutually agreed by both parties. You might allow for an extended settlement date in exchange for keeping pieces of furniture.

Identifying aspects of the home sale that are negotiable will help make negotiating easier. It’s a wise decision, for instance, to remove your dining table before viewing appointments if you don’t intend to sell it. On the other hand, you might want to leave your floor carpeted if you wish to up your home’s appeal.

Make counter offers as necessary

As mentioned earlier, a buyer’s offer doesn’t always give you what you want or expect. Thus, you must be prepared to make counter offers when you negotiate. Do not hesitate to ask for adjustments. But you must also be willing to make compromises as well. Making counter offers will allow buyers to understand what you’re capable of compromising. In doing such, you can exhaust every option or alternative you and the buyer have until you reach a mutually satisfying agreement.

An effective negotiation requires careful planning. It’s a lot of work but a definitely an enjoyable task. You just have to be ready for it, determine what you’re willing to negotiate and prepare to make counter offers. If you understand these, you’re on you way to negotiating effectively.

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Green Homes: The New Black?

Friday, January 6th, 2012

In today’s over-saturated real estate market, sellers looking for ways to distinguish their properties are touting environmentally friendly and energy-saving features. Recent publications list numerous measures green builders are taking to attempt to capture this market advantage. While home sales remain flat or in decline, the ability to claim certification from the Environmental Protection Agency’s Energy Star program, the National Association of Home Builders, or the U.S. Green Building Council’s LEED for Homes program adds some credibility to green status and translates to increased marketability… or does it?

What do the green certifications really mean to buyers when there may be a lack of overarching standards for the certifying entities? To earn the Environmental Protection Agency’s Energy Star certification, a home needs to be at least 20 percent more efficient than the benchmark for a standard new home. The “bronze” level of certification from the National Association of Home Builders requires adding a few features, such as low-flow toilets, energy-efficient windows to block out heat and dust, and prefabricated roof trusses. These measures – in addition to state and federal tax credits that may also apply – certainly have merit, but how do they convey value to a potential buyer?

Some industry experts believe that the absence of a clear national standard leads to confusion, preventing easy comparisons for both new and existing homes.

Home sellers, and contractors specializing in green retrofits, would do well to focus on measures that enhance indoor environmental quality along with basic energy efficiency. So in addition to swapping conventional light bulbs for CFL’s, removing asbestos, using low VOC paints, and switching to Eco-friendly floor coverings, suggested practices include energy audits and working with qualified consultants to vet your green cred and tap into the possibility of enhanced marketing opportunities.

It is difficult to ascertain the connection between taking steps to green a home – either through new building or energy retrofits – and direct return on investments for these measures. A recent McGraw Hill study showed 81% of home buyers would prefer to buy a green home, even in this sluggish economy. However, buyers’ willingness to pay a premium for green features seems to be connected to how long it takes to recover their investment than environmental concerns. Rising utility rates could well provide the impetus to elevate this as a priority that might influence buying decisions. And even if consumers are unwilling to pay a premium for energy-efficient features, they may well be a distinction that helps move one property over another.
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