Tag Archives: Buyers

Residential Properties in Neral – What Makes Buyers to Buy High Flats

Are you looking for a stylish flat or an apartment in Neral, Mumbai? Property buyers are lured with various ongoing residential projects in the city of Neral by real estate developers.

According to a real estate survey, sales are crashing in India’s housing market. But this hasn’t stopped the real estate owners from launching new projects in Neral as well as Mumbai and Pune. Several ongoing residential projects in these cities are attracting buyers to make an investment.

In Neral, there has been a significant increase in construction work in affordable and ultra – luxury segments. The sale had gone up for flats and even in areas such as Mumbai’s metropolitan region and greater Mumbai, average property rates have also increased.

For capitalizing on environmental changes caused by proposed real estate laws and changes in economic scenario, companies are coming up with unique property formats. Not only developers are offering top-notch properties, but buyers are also demanding luxury homes, furnished with modern amenities. In order to attract buyers, developers are constructing stylish high – rise flats and apartments with world class facilities.

Apartments and flats have become quite famous among developers as they are building such constructions to differentiate their projects from other builders. Not just in Neral but skyscrapers have also begun making a mark on Mumbai’s skyline. The governing body of the city in 2011, gave a green signal to increase the maximum permissible height of high-rise buildings in Mumbai to hundred meters from 36 meters.

Many home buyers are willing to buy residential properties in Neral. To cater to this rising demand from buyers and wealthy buyers, developers have begun to build iconic premium 2 bhk flats in Neral. High – rise buildings are not just the need of the hour, but they do offer a stunning city view and this is the main reason why many home buyers prefer purchasing a flat on the top floor of such flats and apartments. These are plenty of benefits linked with living in a high rise building. Apart from the eye – catching views of the city, the exclusivity associated with such projects also attracts buyers. In a city like Mumbai, staying on the highest floor of a high rise apartment ensure clean, fresh air and zero noise pollution.

Such buildings have a status that can’t be replicated easily by other developers. There is also a status linked to such buildings which are hard to find in other projects. Many developers are trying to lure buyers by providing world class amenities like as a gym, garden, conference room or a swimming pool in such buildings. Since such buildings have a maintained entrance, security is also available.

In the last few years, residential properties in Neral have been announced by top real estate companies. These developers are collaborating with Indian property developers to attract home buyers with super – luxury, stylish and trendy penthouses and flats. So if you are willing to buy a property house in Neral, check the developer available on the internet.

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]