Category Archives: Luxury Property

Luxury Villas – Research and Plan Before You Invest

Are you planning big as part of your investment options? Then it is the right time to put your money in buying a luxury villa. A vacation villa can be a sensible option and you can choose anyplace you would like to go for. With the market ups and downs, it is very important to conduct a market study before you step into anything that you are not much aware about. On the other hand, if you are an expert you will certainly have a good idea about the hype and the falls of every single place on earth either through the internet or colleagues.

Market research is of great significance no matter which country you are selecting. Always choose a tourist destination having visitors almost round the year and this will help in gaining more income. You can rent out on those days when you are holidaying thus your investment turns into hard cash in no time. In most of the holiday destinations like Provence, Cyprus and other colder parts of the Europe large families always prefer to rent a villa rather than a hotel for their own privacy and also for more fresh air.

The rules laid forth differ from one country to another in buying a property. Therefore you can talk with a well-known lawyer or a real estate market expert who can give you a better idea before you finalize one. The next thing you have to check before you find a villa interesting is the easy access for transportation and also the availability of grocery. This is something that people look out while rental a property and therefore applies to be a plus point for yours too.

Find a location that is much distant from your place with calm and peaceful atmosphere so that you can breathe fresh air when you are out for a walk. If you can find a fully set up house with furnishings and all the amenities completed, it will be a win-win situation for you. This will cut down your expenses of investing more into it and for a fixed amount you get a completed house to relax and also to add up to your income.

With the rising holiday rentals and booming real estate market there wouldn’t be a better option than buying a villa. It gives you both the comfort of your own home in your favorite place and a financial aid by giving for holiday rentals when you are not in the place to pay back your mortgage.

Real Estate Auctions – The New Land Rush

On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.

Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.

Real Estate Auctions Work in Up or Down Markets.

Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.

The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.

When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.

Evaluating Your Real Estate for Auction

Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.

Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.

Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.

Locate a Qualified Real Estate Auctioneer

Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.

Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.

You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.

Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.

Types of Real Estate Auctions

Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:

Absolute Auction

The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.

Minimum Bid Auction

Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.

Seller Confirmation or Reserve Auction

With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.

How to Find the Property Lines for Your Land

As a land owner, knowing the location of your property lines is one of the best ways to avoid disputes with your neighbors.

Property lines, or boundary lines, are the defined points where one owner’s land ends and the neighboring property begins. A property owner uses boundary lines to determine where they can legally place items such as fences, driveways, outbuildings like pole barns or anything else. Erecting a structure on or partially on another person’s land can lead to lawsuits and unpleasant situations with neighbors.

1. Check your deed. The deed contains the legal description of your property, which is basically the property’s measurements and boundaries in words. For most people, the property description can be difficult to interpret, so you may not find it helpful. However, sometimes, the legal description uses landmarks and measurements that you can interpret. If that’s the case, measure from the landmarks in the description to the property lines. Mark each corner with a stake or other marker. Measure from each stake to the next all the way around your property to ensure the measured lines match the deed. Physically measuring the boundaries will allow you to visually determine where the lines are and avoid encroaching on your neighbor’s land. Just be warned: An old description may rely on the location of a tree that no longer exists or a creek that has gone dry.

2. Check the official website for the assessor’s office in your municipality. Some assessors have mapping tools available online for all of the real estate in the area. You can use the maps to find the boundary lines for your property and to determine where nearby landmarks are located, such as the east line of your street. You can use these landmarks as fixed points to measure from. Using a tape measure or measuring wheel, measure the distance from each of the landmark points to your property line as shown on the maps.

3. If you don’t have a copy, and there’s nothing available online, visit the county recorder’s office or the assessor’s office. When you bought your property, you may have received a plat map, showing property lines and measurements. If it wasn’t included with your paperwork, check with your local clerk’s or surveyor’s office. Ask if there are any maps available for public viewing that include your neighborhood and street. Some of these maps may be available online, while others will be hard copies or microfiche copies. Even maps of neighboring properties can be valuable if they show shared property lines.

4. Last but not least, hire a surveyor. The most surefire way to determine legal property lines is by hiring a professional. The surveyor can measure and map the property and will generally also mark the corners of the property with stakes. It’s always a good recommendation to be present when the surveyor comes to measure your property, so they can review the property lines with you. The cost of a survey will vary depending on your location, lot size, and other variables. The surveyor needs to be licensed with your state and should carry professional liability insurance, which can cover you if the surveyor makes a mistake in the survey.

Mumbai Hotels: Best Properties of the Lot

The undoubted queen of economic, commercial and entertainment activities, Mumbai is dream city for many. With its interesting culture, fast-paced lifestyle, ever-escalating business opportunities, glitzy nightlife and refreshing morning jog on the beach, Mumbai attracts horde of visitors each year. Hotels in Mumbai offer highly comfortable and value for money accommodation options. The metropolis houses a wide variety of hotels which ranges from economy, budget to mid-range, deluxe and lavish luxury category hotels. These Mumbai hotels are known for their eye for detailing, their prompt service and whole range of modern recreational as well as business amenities. Designed to cater to requirements of both business class as well as recreational travelers these Mumbai hotels are available in all parts of the city.

To match their steps with the world these properties even keep upgrading and updating themselves providing all the comforts of contemporary world. Some of the best hotels in Mumbai are:

Hotel Fariyas: Perfectly in sync with the busy corporate travelers, Fariyas Hotel in Mumbai offers a whole range of business amenities. This fabulous four star property is about 10 minutes drive from the business districts and also overlooks the harbor. Its ideal location just close to Gateway of India and other historical edifices makes it a favorite of even recreational travelers. The guestrooms inside are 29 in number which includes Standard Rooms, Deluxe Rooms, Club Room and Suites. Well-spacious rooms are replete with all modern comforts including direct dialing facility, high definition TV, mini bar, Wi-Fi Internet access and more. For dining head towards Tamarind- a multi-cuisine restaurant or choose from delectable grills, barbeques, curries and much more at Tamarind Poolside at the hotel.

Grand Sarovar Premiere: A premier- class, five star property, Grand Sarovar Premiere in Mumbai is one of the top-notch luxury hotels in Mumbai. Pick from a total of 98 plush rooms which includes 77 Superior Rooms, 20 Deluxe Rooms and 1 Executive Rooms. Well decked rooms are laden with all the luxuries of modern world including LCD TV, tea/coffee maker, fruit basket and cookies/chocolates, broadband connectivity, direct dialing facility, all toiletries, mini bar, electronic safety locker and more. Other than these in-room amenities the hotel also has 24-hour front desk, air-conditioned public areas, audio-visual equipments, banquet facilities, bar/lounge, barbeque grill, Business Center, swimming pool, Health Club, restaurant, 24 hour room service, laundry service and more on offer.

Chateau Windsor Hotel: Aside all the flamboyant luxury properties, Mumbai also has its set of economy hotels and Chateau Windsor Hotel is one of the reputed names in the list of economy class hotels in Mumbai. It is one of the leading budget properties of South Mumbai. Decent rooms, modern amenities and a dedicated staff and above all affordability makes the property an ideal choice for travelers with slightly strict budget.

Mumbai hotels are applauded for their immaculate settings, contemporary design and wide range of recreational and business amenities. These properties thus available in varied categories adequately meets requirements of all kinds of visitors making Mumbai tour a memory to be cherished.

Fractional Ownership Ranches

Fractional Ownership, also known as Tenant-in-Common (TIC) is a form of holding title to real property. Under this co-ownership structure, individuals will own an undivided fractional interest in an entire property and share in their portion of the net income, tax benefits, and appreciation. Further, they will receive a separate deed and title insurance for their percentage interest in the property and have the same rights as a single owner.

Fractional ownership is not a new concept. In fact, it has been successfully applied to several industries, including yachts, airplanes, resort condominiums and luxurious second home real estate. The resort industry is entering a period of explosive growth, and luxury fractional resort products are becoming a more significant and recognized component of this industry. According to Omni Brokerage, Inc, TIC real estate investments exceeded $4.0B in 2005. In addition, it has become the preferred investment vehicle for real estate investors who wish to defer capital gains via a 1031 exchange and own real property without the management headaches.

Fractional ownership typically ranges from 1/4th to 1/13th shares. The affluence of the location and the length of the season determine the size of the share. The majority of the recently completed fractionals are located in the Rocky Mountain ski areas, but the concept is spreading rapidly to other popular national resort destinations in the United States, the Caribbean, and Mexico and other international vacation hot spots. The pricing of fractional ownership shares varies greatly and can be influenced by several market factors, including unit size, number of owners, location, amenities and available supply. Typical share prices range from $100,000 to $500,000, but can easily exceed $1.0M for high end Private Residence Clubs (PRC).

Fractional Ranch Ownership

Ranch Partners, LLC is bringing the fractional ownership concept to the ranch real estate sector. We have discovered that the price and responsibility of full ranch ownership is beyond most of our client’s desires and expectations. By packaging ranches into fractional ownership, we are able to serve a significantly larger group of investors and provide a luxury resort experience, while continuing to preserve the western ranching heritage. All owners will have 4-season access to the ranch, 8 to 12 weeks of luxury accommodations and unlimited use of ranch facilities and recreational amenities.

While all fractional ranches have access to outstanding recreational activities, such as hunting, fishing, hiking and horseback riding, individual ranch properties can be developed to meet a variety of ownership lifestyles. Some ranch properties may be tailored to the luxury resort owner, complete with high-end lodging accommodations, full service management, and an assortment of amenities similar to private residence clubs. Other fractional programs may be designed around the ranch operations. These programs provide the owner with the opportunity to live, and play on a working ranch. The accommodations are much more conservative, the lifestyle is more rural and the activities are related to the ranch operations, including horses, cattle, farming and ranching.

Opulent Seychelles Hotels Blend Luxury and Beauty

Seychelles is the jewel in the crown of Indian Ocean. The destination is teeming with panoply of lavish accommodations that justly cater to leisure travellers who grab tickets on flights for sampling the blend of beauty and luxury.

Seychelles is a well-known luxury destination. Impeccably laced with tranquil, white sand beside the ever-running, topaz waters and a great deal of lavish properties, the destination receives fair share of pleasure seekers who book tickets on flights for staying in the lap of luxury and natural splendour.

Maia Luxury Resort & Spa

The plush resort soothes the senses with acme of opulence. Conveniently located in scenic Anse Louis, it offers something beyond picturesque vistas and apt accommodation. Boasting acres of utterly verdant gardens and pampering with peerless services, the property is flawlessly designed to suit the needs of every sybarite who buy tickets aboard flights for landing in a heaven called Seychelles. One can opt from wide selection of villas including Maia Signature; Ocean Front; Ocean Panoramic and Ocean View Villas. Each villa is intricately adorned with svelte designs and has its own set of advantages. Its remarkable spa is a place of rediscovery and pampers with top-notch therapies and beauty treatments. Furthermore, the fine dining option of the resort guarantees a gastronomic pleasure with Creole, French, contemporary and Mediterranean cuisines. Unsurprisingly, staying at this posh accommodation is the most foolproof way for getting the maximum bangs for bucks invested on vacations and airline tickets for arriving in Seychelles.

Constance Ephelia

Perched on the island of Mahé and facing the reputed Port Launay National Marine Park, Ephélia is hospitality personified! It has emerged as a popular stamping ground among adventure travellers grabbing tickets aboard country bound flights. Lured by its extreme lavishness and great diving and snorkelling opportunities, hordes of divers and snorkelers prefer to stay at Constance Ephelia. And the enchanting property goes the extra mile to offer something for every level. Its diving school offers beginners’ courses, wreck dives and night dives. The wide-ranging accommodation options like junior suites and family villas brim with all the essentials for rewarding experience. It also features a wonderful Spa de Constance that blends the healing traditions of East and West. Certainly, travellers who are taking flights to travel to the nation would do themselves a world of good by lodging at Constance Ephelia in Seychelles.

Four Seasons Resort

Its not often you come across resort where once-in-a-lifetime vistas of the Indian Ocean come packed with sincere, sophisticated services and unmatched lavishness. You’ll find it all at Four Seasons, the beguiling property set in the Petite Anse, Baie Lazare in the middle of marvels of nature. Tree-top villas, pristine beaches and superlatives service all blend here to portray your idea of seventh heaven. The blissful experience of lodging at this magnificent property is surly worth the cost of air tickets and room tariffs. There are over 67 room retreats, nestled in the middle of sheer verdancy close to the seaside gems of the Indian Ocean. Visitors spending on flights and staying at Four Seasons in Seychelles can enjoy the refined interiors and outdoor spaces built in bewitching Creole style. Dining at its gourmet restaurant is all about regaling the palate with the ultimate in Mediterranean, Southeast Asian and Creole-inspired cuisines. ZEZ and Kannel are the two sophisticated eateries for indulging in royal treat.

Banyan Tree

Banyan Tree, located on the scenic south-western coastline of Mahé Island is renowned to roll out the red carpet and mollycoddle guests with the best of luxury. It boasts 60 elegantly Creole-style villas combining the Seychellois architecture and hospitality. Offering a fine set of facilities and amenities like refined restaurants, plenty of outdoor gambols including kayaking, nature walk, cooking classes, fishing, birding and beach sports, it is apparent that the property leaves no stone unturned when it comes to spoiling the guests with choices. Banyan Tree Spa remains a star attraction where experienced therapists devote time and special care to provide marvellous treatments and therapies based on Asian healing traditions. All in all, the tropical haven has everything what it takes to satiate the whims and wishes of even the judicious travellers who make tickets reservation for international flights and take vacations in this exotic archipelago.

Le Meridien Fisherman’s Cove

Last but not the least, Le Meridien Fisherman’s Cove in Beau Vallon Bay on the north side of Mahe Island, remains a popular choice of sophisticated vacationers. Honoured as “Seychelles Leading Resort” at The World Travel Awards, the hotel truly understands the needs and expectations of visitors and provides high level of satisfaction. It features an array of rooms and suites that are uniquely designed to meet the desires of honeymooners and families. Couples can escape to comfortable retreats with king-size bed and private balcony offering picturesque views of Beau Vallon Beach. Families can happily stay and take advantage of various recreational activities offered by the hotel. There is a Fitness & Spa centre boasting a gym, steam bath, massage rooms with open-air showers and Zen Spa offering wide choices of beauty treatments and massages. With all this much more, it enjoys a special place on the travel trail of swarms of holidaymakers who spend on tickets for flights to enjoy holidays in Seychelles.

Why Gurgaon Has a Good Scope for Residential Projects in 2016

Some of the best residential projects are happening in the city of Gurgaon in the next 12 months. As the real estate market picks back up and the Indian economy continues to recover, this is one of the premier regions to find the best deals and most beautiful properties on the market. Here are a few reasons by Gurgaon should be your real estate destination in 2016.

1. A Wide Range of Options

One of the best aspects of Gurgaon real estate is the fact that there are many different types of homes available in varying townships. If you’re looking to spend a lot of money for luxury, you’ll be able find such an environment as easily as you can affordable housing. According to the Real Estate Times, the two types of buyers that have emerged in Gurgaon recently are those looking for residential property versus specifically luxury properties. Well-known real estate developer Unitech has recently put down new residential projects in Gurgaon that features luxury amenities. Not only do these types of townships boast the usual services, such as club houses, open green spaces, and excellent access to major roadways, but there’s another level of luxury now offered.

The Ivy Terraces, for example, are a group of properties situated within Wildflower Country and boast access to self-contained services such as schools, nursing homes, shopping areas, banks, and taxi stands. Luxury housing these days is an up and coming commodity, and if you’re looking for a wide array of options from which to choose, look no further than the townships and new projects in Gurgaon.

2. View from the Top

Don’t forget that although you may find a gorgeous flat to live in, you don’t want to forego natural beauty either. According to India Homes, one of the strongest reasons why Gurgaon projects are a good bet for investment is the fact that many apartments offer attractive views of the bucolic landscapes that surround the Millennium City. Properties are located within a more open setting than a city such as clogged and sometime claustrophobic nearby Delhi. Although larger cities and their surrounding suburbs are known for being major business capitals, Gurgaon has the best of both worlds. You can go to work in the Millennium City, or commute to a job in a larger city nearby, but then go home to both a beautiful, luxurious township filled with greenery. This is helpful in leading a life that’s balanced between personal enjoyment and peace, and hard work in your professional life.

3. The Economic Forecast Is Sunny

Gone are the dark days of the recession that were full of doubts and insecurities about the future as the national economy continues to improve. In fact, real estate experts reported to Business Today at the end of last year that it’s time to start investing again, especially due to the fact that prices in certain areas, including Gurgaon, have lowered due to various market factors. If you’re looking to get in on the ground floor to buy some of the best residential projects for 2016, Gurgaon is one of the safest areas in which to invest. Whether you’re seeking luxury or simply a decent home for an affordable price, the outlook in terms of investments and return are looking increasingly better as time goes on. Given that the current national government is also especially interested in expanding and fostering business and economic growth, there’s never been a better time to get back on the real estate bandwagon.

4. Developments Slated for 2016

The Hindustan Times reports that, due to Gurgaon’s rapid growth in spheres ranging from industry, business, and urbanization, it has the potential to become a forerunner in cities that are capable of self-financing. It’s a city on the rise, and the continuous growth of the corporate sector and companies setting down roots has ensured a steady flow of jobs, structure, and has served as a draw for many different types of property buyers. This includes everyone from expats to middle class professionals looking for a good property investment that will retain its value. Next year is shaping up to be a good year for many sectors, including the real estate market. Gurgaon itself is also continuing to meet many expectations of its residents, and growth hasn’t slowed down so far in 2015.

The year 2016 is slated to be an exciting time for the real estate market in India and new residential projects in Gurgaon, with new interest generated in emerging properties and reputable developers continuing progress in prime areas. The more buyers who are interested in these homes, the more demand will meet supply. Although the entire country experienced serious economic setbacks, as did the rest of the world in the past few years, recovery will continue into 2016. Act now to get in on some of the best deals in the real estate world, especially in fast growing locations like the Millennium City, and reap the rewards in years to come.

London and Monaco are Europe’s Most Expensive Cities For Residential Property Buyers

Closely on its tail is Prime Central London, where 120 sq. m. super-luxury apartments can cost £1,170,000 or £9,750 per square metre (sq. m.) (in Euro: €1,742,656, or €14,522 per sq. m.). Apartments of 120 sq. m. in other luxury areas of Central London are likely to cost £580,000 or £4,833 per sq. m. (€863,880 or €7,199). The large difference is explained by London’s highly segmented top-end market, with super-luxury apartments in absolutely prime areas commanding considerable premiums.

Paris and Amsterdam follow London. A 120 sq. m. apartment in either of these cities has an average purchase price of €800,000 (€6,667 per sq. m.).

Moscow is Europe’s sixth most expensive capital for buyers of residential property. And though apartments in Moscow can be rather rewarding for buyers in terms of rental income returns, investors should be aware of the high risks (purchases are cash-based, and the authorities can suddenly turn hostile).

Dublin makes an appearance among Europe’s most expensive cities in 10th place, with a high end 120 sq. m. apartment on average costing around €600,000.

The Baltics, till recently Europe’s hottest residential investment destination, are now expensive. A high-end apartment in Central Vilnius, Lithuania will cost on average around €3,792 per sq. m (€455,000 for 120 sq. m.). Latvia follows closely with high-end apartments in Central Riga costing an average of €3,020 pr sq. m. Rental yields in the Baltics have also dropped to very low levels.

There are still some very inexpensive capitals in Europe. Berlin, in particular (€3,167 per sq. m.), is now experiencing inflows of foreign money in response to its relatively low prices. But much less expensive are Slovakia’s Bratislava (€1,292 per sq. m.); Warsaw, Poland (€1,175 per sq. m.); Skopje in Macedonia (€1,125 per sq. m.) and Chisinau in Moldova (€917 per sq. m.). It is to be expected that foreign buying in some of these capitals will accelerate.

Rental returns are falling

The rental returns on owning apartments in Europe vary greatly – from around 14.13% in Moldova’s capital Chisinau, to 2.43% in Monaco. The trend is for rental income returns to fall, because rents are not keeping pace with prices anywhere in Europe. As 2007 dawns, rental returns are lower in most locations than they have been for 20 or more years.

To some extent rental returns appear to correlate with risk. Most of Europe’s ‘high yielding’ countries are in the East. Apartments in four Eastern European capitals earn above 10% rental returns: Chisinau, Moldova (14.13%); Warsaw, Poland (13.28%); Sofia, Bulgaria (10.56%); and Bratislava, Slovakia (10.06%). The higher risks of the East may be a factor in these returns (high corruption, political risks).

But risks are not the only factor. The Global Property Guide believes that the relatively recent arrival of the market economy, high interest rates, and relatively undeveloped mortgage markets. To illustrate, it would surely be hard to label the historic city of Bratislava, Slovakia, as a high-risk location, yet the rental income returns are excellent.

Western Europe generally suffers from another, different disadvantage: High taxation. There are high rental income returns to be earned in Amsterdam and Paris (8.25% in both), in Munich (7.80%) and Brussels (7.53%). But all four cities are high tax environments.(Poland and Moldova are also high tax for rental income.)

Property in Prime Central London returns surprisingly high rental yields, at 7.13%. Note that this “Prime” category encompasses relatively a narrow group of super-luxury apartments in absolutely prime areas (Belgravia, Chelsea, and Knightsbridge). The high returns in these select locations contrast with the significantly lower rental yields (5.79%) available in Central London’s other luxury areas (Kensington, Bayswater, Notting Hill Gate, St Johns Wood, Highgate, Islington, Highbury, and Primrose Hill).

Rental returns cannot fall forever

Nowhere in Europe are rents keeping pace with the continued rise in property prices. This is cause for concern. At the Global Property Guide, we informally consider a danger signal to be rental returns of around 4% or below.

Several European capitals offer rental income yields around or below this 4% level. An example is Madrid, where rental returns are now at only 3.15%.

See the tables at: [http://www.globalpropertyguide.com/articleread.php?article_id=82&cid]

Tips To Find The Best Apartments for Sale in Colombo

Understanding The Market For Apartments For Sale And How To Decide On The Type Of Property You Would Want To Own In Colombo

Popularity Of Apartments For Sale

With the growth of the economy in Sri Lanka, there has been an increased focus on the real estate market within the island as well. Due to the higher concentration of development occurring closer to the capital city Colombo, it has also increased the demand for property either for purchase or rent in the vicinity. But such rapid developments and increased demand has also led to a scarcity of free land available. Since the need to buy home properties has to be provided with a solution, many leading apartment builders have begun several projects to provide potential homeowners with viable solutions to choose from. This sort of developments is supported by statistics that indicate that the entire Western province covers only 6% of the country’s land areas but close to 28% of the population seek to make their homes in the area.

Since this trend has been on the rise during the past few years, now you can find many apartments for sale and also apartments for short term rent that can be chosen according to your requirements. There are also several good houses for sale available in nearby areas but due to the high prices, they are not suitable for many interested homebuyers. In terms of apartments there are broadly two categories, namely, luxury apartment projects and micro apartments available for consideration.

Types Of Apartments For Sale

Popularity of luxury apartment projects

In previous times, real estate agents and property developers focused more on offering stand-alone houses for sale. But now, with the limitations highlighted above, these developers have looked to offer those who want to buy home units the option of choosing from luxury apartments. It has been found that the demand to buy apartment that fall into the luxury category comes from the Sri Lankan community as well as foreigners. Such investments made in relation to own properties in Colombo area have also shown high increase in popularity. As per the statistics gathered up until 2015, there have been close to over 2600 luxury apartment units and it is further estimated that this number could reach close to 6000 units by 2019. Such luxury units are also found to be available for those who wish to rent an apartment, giving rise to more and more apartments for short term rent being offered.

Potential for micro apartments in Sri Lanka

Another alternative to houses for sale is the availability of real estate in the form of micro apartments. Many apartment builders have also invested in such projects that have been in high demand among those who want to buy apartment space in Colombo. The target market for this type of property has actually found appeal among the affluent customers who might even want a luxury apartment as well as middle-income individuals who want to invest in such a home for them. Similar to the above category, this type of housing solutions are also available as apartments for short term rent for those who are unable to buy home units by making an outright purchase and therefore look to rent an apartment instead. This opens up the possibility for more home seekers to get closer to their dream of owning a home in a prime city location.

Choosing Between Apartments And Houses For Sale

When you consider purchasing such properties you should be prepared for making the investment. The main decision you would need to make would be in relation to whether you actually want to buy apartment space or you still would like to look out to buy home in the form of a separate house. As a primary consideration when you invest in real estate you would need to decide on the space or size of home. Normally houses in Sri Lanka tend to cover about 2700 sq ft while an apartment would generally fall in the range of 1000 to 1500 sq ft. In addition apartments tend to offer additional services such as security, cleaning, waste disposal and other recreational facilities that are normally not available with separate housing units. But on the other hand, you might want to consider the following that are normally not available with apartments.

  • When you buy apartments you will get a limited parking slot allocation
  • Modifications are not possible
  • Most apartment complexes have restrictions on owning pets
  • Your possibility of engaging in gardening activities is very minimal

Considering When To Rent An Apartment

Due to the various requirements of homeowners there are several other options made available in terms of being able to rent an apartment. Many individuals who would be looking at living in small living spaces for short periods of time can consider finding apartments for short term rent. Since there is a high portion of the population that need to find accommodation to travel to work and for other arrangements in the city limits, this has become more of a financially viable option many prefer. Depending on the requirement you could even arrange to extend the rental period once agreed with the renter. This is also a great way to check whether you can adjust to an apartment style living. If the lifestyle appeals to you, with time, you could also consider owning an apartment of your own.

To cater to much of the demand to wanting to buy apartment properties, there have been several investors and developers who have taken interest in developing projects which are in demand for this market. Among these companies there are several reputed apartment builders operating in the island that have produced several leading apartment projects and have several others lined up as future projects.

The Perks of Living in a Luxury Neighborhood in Hawaii

With its scenic terrains and seascape, a rich culture, and an easygoing vibe, the Aloha State easily lands a spot among the list of favorite vacation destinations around the world. To enjoy the best of Hawaii, find a luxury neighborhood, and savor these important perks of living the high life:

Spectacular views

Developers of luxury neighborhoods invest in the most sought after locations to be able to provide future property owners the best views. Many estates even come with unobstructed views which can never be taken away. Residents can then wake up to dramatic views of the ocean, the sunset, the mountains, or a golf course – often from different rooms of the same house! Imagine yourself strolling through your own house, cottage, condo or resort property with such a grand panoramic view.

Access to exclusive clubs

Residents of luxury neighborhoods like those found in Kukio and Mauna Lani can easily gain access to highly exclusive clubs for sports favored by the affluent, especially golf. These clubs offer top-class amenities, from splendid golf courses and spas, to open air bars and dining pavilions, just like in Kukio Golf and Beach Club. Most also provide dedicated concierge staff, and invites to special events throughout the year.

Round the clock security

Exclusive neighborhoods in Hawaii are very secure places to live in. They are gated communities, often with 24-hour manned security at the entrance – as in the case of Hualalai Resort – and security guard patrol services. Others, like The Bluffs at Mauna Kea, make residents and guests go through an electronic gate. Additionally, the individual luxury estates can only be accessed by driving through private, paved roads.

Membership in a private, close-knit community

Living in an exclusive neighborhood brings people together into one community, where they can share their similar interests, be it in the field of business, sports, art, music, or philanthropy, through festivals, benefit galas, and other events. Like Michael Dell and Egon Durban who discussed their important business deal for leading tech company Dell while walking about the Kukio Club grounds, or Woody Harrelson and Owen Wilson who played poker together in their commune, neighbors in Hawaii luxury neighborhoods enjoy the Aloha State together.

Best of the outdoors

There are just so many activities to choose from and breathtaking places to visit, often located just a few steps from the swankiest communities in Hawaii. These include snorkeling, yachting, horseback riding, or flying, or simply walking by the beach. Truly, luxury neighborhoods in Hawaii are the ideal home for those with huge love for the outdoors and the island life.