Importance of Property Magazine

Property Magazines are reliable resource materials that focus on different topics about properties. This is a magazine that features not only lands and buildings but also important and clever people who excel in this field.

The informative contents of property magazines includes valuable information such as helpful tips in acquiring properties, essential perceptions about the new property business innovations, financial as well as legal backgrounds in property owning. There are other facts that can be derived from this reliable magazine such as the condition of the property market, prospective property investments and many more. These provide articulate and clear details about the different property services such property rentals, for sale lands, insurances, lifestyle living, decorations, architecture, travels, and many more.

Providing comprehensive facts about the contents that can be found on these reference materials have undergone an extensive research coupled with precise and artistic descriptions, things which the property investors need. These reading materials can help the property investors a lot in acquiring new properties. The overabundance information it provides to the reader helps the investors to do wise decisions. It is also a great help for those who are still neophyte in this kind of business

That is why it is said that these kinds of property magazines make more property investors flourish in this business field. It is very relevant for anybody to subscribe this information sources who wants to acquire UK properties. Through the UK property magazines, one will be able to have wise purchasing of the properties in UK wherein these are also published in this magazine. It actually gives lots of information for making clever and smart decisions in obtaining different UK properties and it helps you on how to make more profits out of your investments. This also helps you save time in searching for the possible potential as well as lucrative property that will make you rich in acquiring it.

The presentations of these magazines are attractive and glossy. Aside from the stylish presentation of the contents on this publication, this is also offered in affordable price that enable people in all walks of life to afford to buy these exceptionally publicized magazines. These are great help for those who are seeking for new properties.

Posted in Property Investing at July 6th, 2010. No Comments.

Recovery on track for the world’s housing markets

The world’s housing markets are showing signs of recovery, according to the latest survey of world-wide house price indices prepared by the Global Property Guide.

Seven countries have emerged from the house price slump (see below). However, most countries suffered sharp house price falls during the year to end-Q2 2009, so that the general situation remains negative. The Global Property Guide uses price-changes after inflation, giving a more realistic picture than the (more upbeat) nominal figures usually preferred by real estate agents. After experiencing declines in 2008, house prices in China, Portugal, Australia, New Zealand, France, Sweden and Hong Kong rebounded during the latest reported quarter, Q2 2009.

 

Seven countries are in recoveryIn Shanghai, China, house prices were up 1.96% during the year to end-Q2 2009. These gains occurred entirely during Q2 2009, when Shanghai’s house prices rose 2.09%. China’s house prices started falling in the last quarter of 2008, but a strong increase in government spending revived both the housing market and the economy, which has seen 7.1% GDP growth during the first half of 2009. Chinese  property prices are now widely expected to increase further.

 

Average house prices in the Algarve, Portugal, at EUR1,429 per square metre, were up by 2% during Q2 2009.  House prices in Portugal as a whole rose 1.01% during Q2, and were down only 0.43% on the year to end-Q2 2009, compared to -7.24% during the year to end-Q2 2008.  New construction orders in Portugal increased 12.3% during Q2 2009.

 

Australia and New Zealand saw house price increases of 3.73% and 3.31% respectively during Q2 2009. All regional capital cities in Australia registered quarterly house price increases, ranging from 2% to 5%. However, over the year to Q2 2009, there was a price decline of 2.80% in Australia. In New Zealand, the annual change is still negative at -3.07% in the year to end-Q2 2009. But in July 2009, New Zealand  had the first yearly house price increase since 2008.

 

After falling for the last five quarters, house prices in France were up by 3.31% during Q2 2009, thanks to government subsidies. In Sweden, house prices were up by 3.16% during Q2 2009. Hong Kong’s house prices increased by an average of 8.9% during Q2 2009.

 

The US housing market is strongerThe Case-Shiller house price index was up 0.35% during Q2 2009, from a decline 6.46% during the previous quarter, Q1 2009. Over the year to end-Q2 2009, house prices were down by 13.96%, an improvement from 18.51% fall year-on-year to Q1 2009.

 

The FHFA’s purchase-only index was however down by 1.74% during Q2 2009, somewhat worse than the 0.04% drop during Q1 2009, so the signals in the US are mixed.Over the year ending in the second quarter of 2009, seasonally-adjusted prices fell 5.03%.This was a lesser fall than in the year to end-Q1 (-9.16%) and than in the year to end Q4 2008 (-9.69%) (all figures inflation-adjusted).

 

Some countries avoided the crunchIsrael’s housing market has continued to sail through the global recession. The average price of houses rose 8.40% year-on-year to end-Q2 2009. But the quarterly increase in Q2 2009 was down to 1.02%, a drop from 5.52% in Q1 2009.

 

Switzerland saw an increase of 4.90% over the year to end-Q2 2009. However, house prices barely increased during Q2 2009.

 

The momentum signals improvement A key indicator of improvement is the market’s momentum, i.e., the number of countries that did better this year, than during the previous year.  Nine countries improved their year-on-year performance to end Q2-2009, compared with the previous year.   In contrast during the year to end-Q1 2009, only six countries did better than the previous year.

 

Many countries are still sufferingThe Latvian housing market continues its extraordinary decline. Riga, the capital city, saw the average price of standard-type apartments drop 60.81% (inflation-adjusted) during the year to end-1H 2009. Prices dropped 26.75% during Q2 2009.  Demand for houses and apartments has been affected by high interest rates, which in June 2009 stood at 17.72% for credits to households.  Residential construction has been dismal since 2008, but in Q2 2009, the value of housing construction plunged 71.6% in comparison to the previous quarter.  Latvia’s overall economy shrank 18% y-o-y to Q1 2009, and its recession is predicted to continue until 2010.

 

The house price index for Dubai, UAE, fell 49.9% during the year to end-Q2 2009.  But quarterly data indicates that Dubai’s downward house price spiral is moderating. House prices fell 8.92% in Q2 2009, much less than the 42% drop in Q1 2009.

Double digit year-on-year declines were also experienced in Bulgaria, Singapore, Iceland, UK, Japan, Denmark and South Africa. Most recent quarter declines in these countries range from 2% to 10%.

 

Nearing recovery?The International Monetary Fund has declared that global recovery has started. The three big economies of Japan, France and Germany have recently exited from recession. The emerging economies of Asia have revived, with China leading the pack. Whether this recovery will be sustained is the big question.

 

 

###

Description:  The Global Property Guide is an on-line property research house.

 

Terms of Use: On-line newspapers, magazines, sites, etc wishing to use material from this press release MUST provide a clickable link to www.globalpropertyguide.com. Sites and newspapers found not to be providing a link to us will be removed from our press list. 

 

Requests for Comments:Requests for comments are best made by telephone to 44-117 973 5492.

 

Publisher and Strategist:Matthew Montagu-Pollock

Phone: (+632) 867 4220

Cell: (+63) 917 321 7073Email: editor @ globalpropertyguide.com

 

Address: Global Property Guidehttp://www.globalpropertyguide.com  5F Electra House Building115-117 Esteban StreetLegaspi Village, Makati CityPhilippines 1229info @ globalpropertyguide.com

 

 

Posted in Property Info at January 26th, 2010. No Comments.

House Prices Tumble in Latvia – the End of the Baltics House Price Boom

House prices have begun to fall in the Greater Riga area – a fall of 3.5% in the month of June 2007, following a fall 1% in May 2007, according to the leading Latvian real estate agent Latio. Prices have fallen “for the first time in history”, says Latio, which if not quite accurate, emphasizes the sense of shock.

These figures are consistent with recent warning signs. But they are all the more shocking in that year-on-year to Q1 2007, Latvia was Europe’s strongest performing housing market with house price rises of 44.23% during the year, according to Latvia’s Central Statistical Bureau.

The Global Property Guide (www.globalpropertyguide.com) believes these latest figures signal the end of the Great Baltic House Price Boom. Estonia started falling before Latvia, as is normal in the Baltics. We have long suggested that low rental returns in the Baltics mean that investors should be very cautious.

The decline of house prices also reflects several serious economic problems which have accumulated in Latvia:

• The current account deficit rose to 26.3% of GDP in 4Q 2006, from 15.2% a year earlier.

• Inflation was sharply up at 8.9% in April 2007, up from 6.5% last year, and 1.9% in 2002.

• Loans to residents grew 60.4% in the year to Q4 2006 (58.2% and 61.7% in the previous two years).

• Long-term interest rates are sharply up.

(See the Global Property Guide’s coverage of Latvia)

In February Standard & Poor’s (S&P) put on negative watch its rating in Latvia’s long-term forex-denominated liabilities, and then on 17 May lowered the rating from A- to BBB+. This brings Latvia back to the rating it held in 2002.

The Lats, pegged to the Euro since January 1, 2005, came under pressure in February in response to the S&P revision, and the Bank of Latvia had to intervene. The Euribor interest rate on Euro variable rate loans jumped to 10% in June 2007, from 5% this January. Obviously, this rise in interest rates has had a substantial effect. So too have government attempts to cool the market through the banking system. So too have recent legislative changes, e.g., the imposition of a 25% tax on personal income from real estate sold within a year of purchase. Painful adjustments needed

Till recently Latvia was Europe’s No1 house price performer. Now Latvia is in deflationary mode, with house prices falling and spending restrained.

Local players can be expected to adjust to the new realities, but with a delay, which can be expected to exaggerate the downturn. In June, 2007, 19 new housing projects were announced, after 15 projects in May, April, March, and January this year (February saw a spike in apartment project launches to 26). This means that by historical standards, a very large number of new apartment projects continues to come on to the market. Lower residential returns signal stop!

The price of good quality used apartments in prime locations in Central Riga ranges from €2,900 to €3,143 per square metre, according to the Global Property Guide (survey conducted 24 Nov 2006). Houses in similar locations are slightly cheaper, ranging from €2,521 to €2,700 per square metre.

These prices are high relative to Latvia’s GDP per capita, being on a par with Scandinavian countries.

In Riga, city centre average prices rose from around €1,264 per sq. m. in August 2004, to around €3,011 at end-2006 – a 138% increase in just over two years.

Meanwhile, in Riga average monthly rents have risen, but not nearly so much, from around €8.20 per sq. m. to around €12.64 per sq. m. – an increase of around 54%. Riga rental income returns (average for all sizes) have therefore fallen over the past two years, from around 7.85% to an average of 5.04% (the figures in the table above represent not average yields, but yields for apartments of 120 sq. m.).

These yields are not unreasonable. However in the particular situation of Latvia, such moderate yields, in the context of a continued very strong stream of new apartment offerings, and a sharp uptick in local long-term price of money, would make us very cautious.

Unless the economic cycle has disappeared from economics, it would seem to us that a cyclical peak has approached, and that for the moment investors should pause. Publisher and Strategist:

Matthew Montagu-Pollock

Phone: (+632) 867 4220

Cell: (+63) 917 321 7073

Email: editor@globalpropertyguide.comAddress:Global Property Guidehttp://www.globalpropertyguide.com

5F Electra House Building

115-117 Esteban Street

Legaspi Village, Makati City

Philippines 1229

info@globalpropertyguide.comDescription:

The Global Property Guide is an on-line property research house. Terms of Use:

On-line newspapers, magazines, etc wishing to use material from this press release MUST provide a clickable link to www.globalpropertyguide.com.

Posted in Property Info at January 25th, 2010. No Comments.

Gloomy Days Ahead for Asia’s Housing Markets

Asian property markets, though still relatively unaffected by the credit crunch, will soon be affected by inflation and higher interest rates, warns the Global Property Guide, because of rising food, fuel and other commodity prices.

“Higher food, fuel and other commodity prices affect the housing market negatively in several ways,” says Prince Christian Cruz, senior economist at the Global Property Guide.

“At the micro level, households may postpone their decision to purchase a new house or spend on renovation if they anticipate higher prices. At the macro level, higher food and fuel prices push inflation up. Monetary authorities typically raise key interest rates to stem inflationary pressure,” Cruz explains.

Asian households are particularly vulnerable to recent rises in food prices. The price of rice, the staple in Asian diet, has risen by more than 90% during the last year to March 2008, according the UN Food and Agriculture Organisation (FAO).

The price of other food also has increased significantly. Wheat was up 160% in March 2008 on a year earlier; soy bean oil by 104%, corn by 37%, and sugar by 26%.

Food prices are a key component in the Consumer Price Index (CPI). Their proportional weight ranges from 28% in Singapore, to 33.2% in China, to almost 50% for urban workers in India. High food prices will persist until 2009, according to reports by the FAO, World Bank and the International Rice Research Institute.

The price of almost all commodities is increasing, not only food. The price of light sweet crude oil surged to US$115 a barrel in April 2008, up almost 80% from a year earlier. NYMEX crude oil has been above US$100 per barrel since March 2008.

Many Asian economies which have recently experienced residential real estate price surges such as China, Singapore, Philippines, Hong Kong and India (all of which registered double-digit house price increases in 2007) are under significant inflationary pressure (see table). Higher inflation and interest rates

Monetary authorities typically raise interest rates to combat inflation. They can also increase the cash reserve ratio (CRR) of banks or sell bonds or other financial instruments to reduce money supply.

The Reserve Bank of India (RBI) raised the cash reserve ratio by 50 basis points in two stages to mop excess liquidity and contain inflationary pressures. The CRR will be 7.75% effective April 26 and 8% by May 10, 2008.

The RBI, similar to other central banks in Asia, left key interest rates unchanged during the first half of April.

However, most analysts indicate the key rates might be hiked in May if inflation continues to be above the official targets

Fears of interest rate hikes cropped up in several Asian countries, particularly in Indonesia and China.

High interest rates affect housing markets in two ways:

1. By discouraging investment and consumption and causing the economy to slow, higher interest rates reduce people’s willingness to spend on housing

2. Higher interest rates discourage borrowing for housing loans.

“The situation is unfortunate because most Asian housing markets have not yet fully recovered from the effects of the 1997 Asian Financial Crisis,” Cruz notes.

“Even with strong house price gains in 2007, property prices in Asia are still below their pre-Asian Crisis peak levels. Despite 31% nominal rise in the over-all residential property price index, Singapore’s prices are still about 10% to 20% below their pre-Asian crisis peak level in real terms,” adds Cruz.

“In the Philippines, even with the 15% increase in condominium prices in 2007, it is still about 47% below its peak level in real terms,” he continues.

The housing markets most likely to be affected by monetary tightening seem to be China, India, Singapore, Philippines and Thailand, which have experienced the largest increases in inflation. Will Asia tango together?

“With global financial markets interconnected, the world’s economies tend to move together. The synchronicity was observed with the global housing boom – never before in recorded history did so many countries experience so much house price growth all at the same time,” Cruz notes.

“The housing market slowdown may also be synchronized,” he adds. “Inflationary pressures are likely to cause Asia’s central banks to raise interest rates, and slow their housing markets,” he says.

However convergence will not be universal. Where currencies are pegged to the US, housing markets are likely to diverge somewhat from the global adjustment.

Countries such as Hong Kong and the Gulf must follow US interest rates. Unless those countries re-peg their currencies, their central banks cannot raise interest rates. This may lead to higher inflation including in the housing market.

###Description:

The Global Property Guide is an on-line property research house. Terms of Use:

On-line newspapers, magazines, sites, etc wishing to use material from this press release MUST provide a clickable link to www.globalpropertyguide.com. Sites and newspapers found not to be providing a link to us will be removed from our press list. Economics Team:

Prince Christian Cruz, Senior Economist

Phone: (+632) 750 0560

Cell: (+63) 917 735 2228

Email: prince@globalpropertyguide.comPublisher and Strategist:

Matthew Montagu-Pollock Phone: (+632) 867 4220

Cell: (+63) 917 321 7073

Email: editor@globalpropertyguide.comAddress: Global Property Guide

http://www.globalpropertyguide.com

5F Electra House Building

115-117 Esteban Street

Legaspi Village, Makati City

Philippines 1229

info@globalpropertyguide.com

Posted in Property Info at January 23rd, 2010. No Comments.

Buying a Piece of the Caribbean

The Caribbean, the playground of the rich and famous, has been getting more affordable. The depreciation of the US dollar against major currencies such as the British pound and the euro, has made Caribbean properties more attractive.

More affordable… but still not cheap! Property prices in more popular and developed islands can easily reach over one million US dollars for a house and lot near the beach.

In its latest survey of Caribbean property prices (March 2008), the Global Property Guide finds that in Bermuda, the average price of a three bedroom house and lot is around US$1.5 million.

In Grand Bahama, Bahamas, a similar property costs around US$1.4 million, according to Global Property Guide figures.

Property prices in highly-developed areas such as Bermuda and Bahamas exceed US$7,000 per sq. m.

Coastal properties in Barbados are also expensive, at around US$6,700 per sq. m. In the British Virgin Islands (BVI), the US Virgin Islands (USVI), real estate prices are around US$5,000 per sq. m. Sint Maarten also has expensive properties at around US$5,300 per sq. m.

Property prices in St. Kitts and Nevis, Puerto Rico, Martinique, St. Lucia and Antigua and Barbuda range from US$3,170 per sq. m. to US$4,500 per sq. m.

The cheapest Caribbean properties are found in Jamaica, Aruba and Dominican Republic, with prices ranging from US$1,300 per sq. m to US$1,500 per sq. m for houses near the beach.

For apartment buyers, Bermuda and Turks and Caicos Islands (TCI) are among the most expensive with prices at around US$5,000 to US$8,000 per sq. m. A two bedroom apartment costs around US$841,000 in Bermuda and US$670,000 in TCI.

Despite these high prices, Caribbean properties are now considerably cheaper than coastal properties in Mediterranean Europe. For instance, apartment prices in Barcelona are around US$10,000 per sq. m., more than twice the price of apartments in Bahamas or Cayman Islands.

Apartments in Jamaica and Aruba are among the least expensive in the Caribbean at around US$1,500 per sq. m. Apartments and condominiums are relatively new features in the Caribbean property market. Most of the properties are new and come complete with amenities.

###Description:

The Global Property Guide is an on-line property research house. Terms of Use:

On-line newspapers, magazines, sites, etc wishing to use material from this press release MUST provide a clickable link to www.globalpropertyguide.com Sites and newspapers found not to be providing a link to us will be removed from our press list. Economics Team:

Prince Christian Cruz, Senior Economist

Phone: (+632) 750 0560

Cell: (+63) 917 735 2228

Email: prince@globalpropertyguide.comPublisher and Strategist:

Matthew Montagu-Pollock Phone: (+632) 867 4220 Cell: (+63) 917 321 7073

Email: editor@globalpropertyguide.comAddress:

Global Property Guide

http://www.globalpropertyguide.com

5F Electra House Building

115-117 Esteban Street

Legaspi Village, Makati City

Philippines 1229

info@globalpropertyguide.com

Posted in Property Info at January 18th, 2010. No Comments.

Property in Portugal Now Is The Time To Invest

Portugal Real Estate is at premium currently especially in the Alentejo region between Lisbon and the Algarve. Peace and quiet seekers worldwide discover this new tourism area.

Trendy magazines write about it in their holiday specials and also more and more articles are written about people who bought a second house in this area. Many of them consider Portugal as their second home. This is not strange; if you have a look at the Portuguese and their warm hospitality, they will make you feel at home in every way they can. The number of people who move to Portugal permanently is growing each year. This area between Lisbon and the Algarve is a good one to invest in.

The rich cultural heritage of Portugal and in this area in specific makes it even more interesting to invest in property here. There is more to offer than just the seaside and beautiful scenery. Places as Evora, (on Unesco world heritage list) and Beja are worthwhile a visit to discover their ancient history. Places as Setubal, Sesimbra and Sines are old fishermans villages with all its charmes and of course good places to eat fresh fish. Almograve and Vila Nova de Milfontes are the best-known beach villages of this area, but there are many more lovely beaches and trendy beach bars/ restaurants that serve good food.

More inland you will find the wine quintas, a visit there and of course some wine tasting is a lovely introduction in the world of Portuguese wines. Many of them are prize-winning wines, Esperao being one of the most famous ones. Portugal has many wonderful Pousadas, hotels partially owned by the State, located in old castles, monasteries and other historical places.

Discovering this part of Portugal you might stay in one of these luxurious hotels or choose from the cheaper ones. There are plenty. Of course you will find hotels or B&Bs owned by foreigners who started a new life in Portugal and with that life a new business. This number is still increasing and welcomed by the Portuguese.

There are many reasons to invest in properties here; one of them is of course the price difference with the rest of Europe. Whether you are looking just for land, a villa, an apartment near the sea or a house in the countryside for sale, we can find what you are looking for and guide you all the way.

Alentejo Home is known for its level of care and attention to detail and their knowledge of the property market. Their relationship with local real estate agents in the Alentejo is perfect. Alentejo Home has the best properties. If you are looking for land for sale, villas, houses, apartments or a quinta, Alentejo Home can guide you all the way.
If you are looking to buy or sell property in Portugal then Alentejo Home is at your service.

Posted in Property Info at January 5th, 2010. No Comments.

Organization And Management Of A Successful Property Business

A property investor needs to treat his business as a serious business. You should therefore have several procedures and processes in place to ensure the efficient running of your business. Here, we will discuss several ideas on how to organize and manage a successful property business.
As a successful property entrepreneur, you need to consider outsourcing various jobs to specialist firms hence freeing up your time to manage your core business. For example, the management of your properties can be outsourced to a professional management company. You can hire a book keeper to file all your receipts for you. All forms and letter templates can be outsourced to a personal assistant. Jobs requiring specialist skills such as plumbing and electrical work can be outsourced to suitable contractors.
When choosing a property management company to manage your properties for you, you need to ensure that they are reputable operators. Ask other investors that you know for recommendations; this should apply whenever you are looking for outside skills to help you in your business. You could also ask other property management companies what they know about the one you are considering to use. You should also check that your property fits neatly into the management companys existing portfolio. It is important to also take any professional fees into consideration. Can you afford to pay out a chunk of your rental income every month to a third party?
As a property investor, you should employ strict procedures and processes in your office too. For example, letters, magazines, catalogs as well as bills must be properly organized or arranged. You should have filing cabinets for each set arranged according to certain criteria so as to prevent confusion. For example, bills and invoices can be arranged based on their due dates. Receipts evidencing payments can be arranged according to the month in which the bills were paid. Any bills which can be offset against profits for tax purposes should be filed separately in another folder. Paychecks and deposit slips should be arranged separately also.
You should also keep an appointment diary to ensure that you do not miss any important appointments. For example, meetings with solicitors, brokers, estate agents etc.
Furthermore, you should keep records of monthly mortgage payments, loan payment dates, gas safety due dates, buildings insurance renewal dates etc. These should all be filed in separate folders to ease administration.
Finally, it is always useful to have a key cupboard in your office. This will house all the keys to your properties. It would be wise to use some form of coding rather than the address of the property on each key stub to ensure the security of your properties and tenants.

Posted in Property Info at December 27th, 2009. No Comments.

Good Deals on Gilbert Properties: Tips on How to Find Them

Good DeaUsing a realtor is one of the best ways to find best deals in great subdivisions such as Power Ranch. You can avail of the product for less than half its market value from the top. Properties are also sold in bundles. This is very appealing to investors today because they can avail of a house for a very low price and profit from it by selling them. Many thought that this endeavor is just for big time investors. However, small players in the market can also benefit from this. The trick is to know the system. It is also important that they know where to look for cheap properties in Power Ranch. Fortunately, finding these estates is not as difficult as it seems. Your initial solution would be filling your tank and driving around the neighborhood. With some luck, you will be able to spot properties on sale.Although driving around your car could work, it will cause you a lot of time, effort, and gasoline expenses. In order to find them, you should know where to look. Here are some tips to help you find these properties:The best places to look are lending organizations and banks. They have list of properties for foreclosure. It is also great because these institutions want to turn the tons of properties they have to cash. They are also very willing to work out a financial scheme so that interested buyers will be able to make the payment.You can also check business magazines and local newspapers. These materials post up to date listings of properties within the area that are available for sale. They also provide information about the property just in case you do not have enough time to check it out. Instead of looking for ads, you can create your own. You can post an ad on the above-mentioned instruments or post it on your website, blogs, and other media you can access. This way, those who want to sell their property can contact you. In addition, you can discuss prices with the homeowners directly. Ask those who are in the business. This is also the best way to get listings. Other investors have access to this information. They also have their own list. The challenge there is how you are going to ask them for listings of homes in Power Ranch. They will surely find you as their competitor. As you may know, most properties are set up for highest bids. In order to find the best deals, you have to know where to look. There are several ways to find these properties. You can exhaust all resources. However, do not get too excited with the low power sale prices. You may find yourself at the losing end once you check the house.It is important that in making the purchase you know what to expect. If there are certain damages on the property, be certain that its cost is not more than the amount you paid it for. It is not a worthy investment if you are in the losing end.Summary: In the real estate industry, Power Ranch properties have a growing market. If you are an interested investors, you have to learn the system and the process to maximize profitability. One of the things you should learn is where to look for these properties.

Posted in Property Info at December 26th, 2009. No Comments.

Investing in Property- a Profitable Act?

Today, most people are conscious about investing their money in the right channel so that they can maximize the benefits of investment. Property is one of the chosen investment avenues. A lot of people make their first investment in property. Although experts suggest that your first investment must be your own home, it is not always necessary. Today, a large number of people buy homes and then rent them out to keep the positive cash flow coming. Then they add to the number of properties and eventually the income reaches lucrative levels. The chief attraction towards investment in property is that property is one of the least volatile investment options. The other popular investment avenues like shares are seeing a massive decline in number owing to the risks involved.

The increasing value:-

Property is an asset that never declines in value no matter how far the market rate fluctuates. Even the maximum fluctuation in property rates is pretty much bearable. But looking at the current scenario where there is an increasing demand for quality commercial as well as residential space, a sensible investment in property is a potential goldmine. Property is one of the few avenues which have the potential to generate rental income as well as capital growth (when the value of your property increases with time). For the average investor as well as the big time investor there is nothing that is safer than property.

Direct Investment:-

There are many types of investment options in property. You can invest directly as well as pool your resources with a group of investors. Listed property trusts, managed funds etc are the prime examples of this kind of investment. The advantage of using this kind of investment options is that it will expose you to a much broader range of property. This type of investment is also popular because in case of residential and small commercial establishments, the investment needed per person is quite low. However, you can also think of investing higher amounts and buying prime properties as well.

Growth:-

Although rental income is considered to be one of the factors, another prime reason for people investing in real estate is capital growth. The average growth percentage for properties in America is 9%. This includes the rate declines and periods of extreme stagnation as well. In order to maximize capital growth, you need to have the eye of the eagle. You need to spot a potentially growing property before its rates start to climb. In simpler terms, you need to know when and where to invest in the right time and more importantly at the right price. A good investor will always buy a more expensive property for less. Also you need to be in touch with the market, have a thorough and complete knowledge of market rates, property prices etc. Being in touch with realty experts, reading realty magazines etc are just some of the ways by which you can improve your knowledge about property. Remember, more the knowledge you have, better your chances of making a sensible investment. So arm yourself with the right knowledge and enter this most lucrative field of investment.

Posted in Property Info at December 24th, 2009. No Comments.

Columbus Wholesale Investment Property – is it Safe to Buy?

Over the past several months the ‘chicken-little’ syndrome has befallen us and a lot of smart people have lost their sense and think that the sky is falling. Don’t get me wrong there are some areas in the country in which I would not currently choose to buy investment property.

However, in my opinion, Columbus Ohio does not fall into this category. I would actually say comparatively it is a safe bet and if you’re looking to pick up cheap wholesale houses, why not do it when everything is on sale!

Why is Ohio’s capital city a safe area to invest in wholesale property?

According to PMI Group, a leading mortgage insurer and finance company of over 30 years, Columbus Ohio is one of the top 10 safest cities to buy investment property. PMI recently released their fall 2008 risk index, in which they listed the top 10 safest and the top 10 riskiest areas to invest.

They rated Columbus Ohio property as having a less than 1% chance for declining prices over the next 2 years, whereas the worst on the list have an over 99% chance of falling prices.

In addition Forbes magazine listed Columbus Ohio as one of the top 10 places to live well. This translates to Columbus being a great place to live with a lower cost of living, which in turn makes it a more attractive place for those looking for opportunity in an economic downturn.

Columbus Ohio also made the top 10 list of CNN Money Magazine for best cities to live. It is not only attractive because of affordability but it is also a desirable place to live because of what the city has to offer. This should be good news to landlords and retailers alike.

So if the metropolitan area is so great why are there so many good deals?

Columbus has been affected by the housing market ‘bubble’ to some degree. The current foreclosure crisis and falling prices have given way to an influx of great investment deals that are hitting the market. This has provided opportunity for investors to purchase great wholesale deals for pennies on the dollar.

With a minimal chance of further decline in real property prices it would appear as though we are reaching the bottom here in Columbus.

More silver lining in a weak economy…

Materials costs are plunging and contractors are begging for work. Therefore any investment property picked up at a great price especially at wholesale price has even more inherent potential profit. This is due to the fact that with materials down and contractors desperately seeking work the cost of rehabbing distressed properties has fallen as well.

Ohio’s capital city is certainly a great place to pick up wholesale investment property at a significant discount. So landlords (buy and hold investors,) rehabbers (retailers) and just plain bargain hunters are all certain to profit or benefit.

During a time when everyone is losing money as a direct result of fear, be sure to use analytical reasoning in deciding on your financial health rather than emotion fueled by the media.

For the ultimate in wholesale investment property and related material check out: http://www.columbuswholesalehouses.com

Copywright 2008 Eric J. Pifer – ColumbusWholesaleHouses.com

Posted in Property Info at December 14th, 2009. No Comments.