Location Is An Important Factor When Investing In Dubai Property

All of the many freehold developments under construction or finished on the Dubai property market are spread out across the city, and it is important to buy a property that will benefit from location. There are a number of projects in key locations; for buyers who want to live away from the rush of city life, and buyers that want to be in the middle of the city. Some investor’s want a bit of both, easy access to the city but outside the chaos and you can easily find a property that fits into your individual criteria.

Property in the city

Massive projects like Business Bay and Downtown Dubai are located next to Sheikh Zayed Road, in the middle of Dubai. The developments are aimed at bringing a modern, luxury lifestyle to buyers, with the convenience of already being in the city. Any Dubai resident will tell you about the horrors of traffic, and for the many people that work on Sheikh Zayed Road in the business district; this is such a great spot to live so you don’t have to queue for hours at the beginning and end of your day. Prices are quite steep, but freehold property on the other side of the city is available at Dubai Festival City, which is a bit less commercial but just as convenient.

Outside the city

The idea of living away from the hectic city is very appealing to some property buyers, particularly with families. Villa developments are all outside the main city, and now several apartment projects are moving outwards for buyers that want to pay less for a property. International City is very popular for buyers on a more modest budget, and access to the city is still reasonable. For homebuyers, the Emirates Living Community includes The Meadows, The Springs, The Lakes and Emirates Hills in peaceful surroundings and quiet streets, with easy access to the city just down the road. Many more projects are set to be built further out, and within a few years, all the amenities of the city will be available to property buyers that may seem to be far away.

Other great locations for buyers

If you want to be in the midst of a busy community, but not in the middle of the city, then new Dubai might be for you. This is an area where a lot of freehold property is appearing, and has created a new and vibrant part to this growing city. Dubai Marina, surrounding developments, Al Barsha and Palm Jumierah are the key hotspots for buying a renting property these days, and with easy access to the city, are becoming increasing popular with buyers. Hotels and the beaches are only a few minutes, not to mention great shopping, so if you are considering buying a property, then be sure to look here.

Panama is Hot – A World Class Retirement Haven That’s Ripe For Profitable Real Estate Investment

If you’ve followed any of the major survey agencies around the world that rate places for retirement, Panama has been on top of the list in many, and for a few years running. So, if you’re looking for a place outside U.S. borders to retire, Panama should be given very serious consideration.

Panama has a lot going for it.And even if you don’t plan on retiring or living in Panama, Panama has also rated the very highest in real estate investment opportunities for those of you who would like to make their money from a distance.Here’s what is being said about Panama by some of the bigger players in the real estate market: “Real estate in both emerging and developed markets outside the United States offers some of the best investment opportunities in the world right now. “

– Ricardo Griffin – the Offshore Guru at OMA. Ltd, international offshore consultants, located in Panama.”Global real estate will be the only major asset class that could deliver double-digit returns over the next five years.”

– Barton Biggs, Chief Global Strategist and Chairman Morgan Stanley Investment Management, Pensions and Investments “The good news in global real estate – it’s no longer exclusively for the mega-rich!”

– Lief Simon – Editor, International Living and Global Real Estate InvestorOne can invest in property or buy a place for investment in any region of Panama but for Expat World its money is on properties in Panama City. We’ve been there more than a few times and we personally rate Panama City in the top three metropolitan cities of world that one can afford to live in and enjoy a good life in. Panama City has world-class restaurants, five-star hotels, international banks, hundreds of multinational businesses, a Manhattan-type skyline, every imaginable luxury … all at about half the price you’d pay in Miami. AND it’s only a few minutes to a few hours to the beaches, mountains, country side of Panama itself. It has all the infrastructure one might want!

AT HAND and just a short distance from the romantics idea of paradise just a short distance away.On the esthetic side, few places in the world offer spring-like weather year-round, a low cost of living, safety, security, peace of mind, beautiful landscapes. It has mountainsides covered with flowers and planted with coffee and beautiful waterfalls … not to mention the best pensionado program (retirement program for foreigners) in the world. We’ll tell you more about that later. It’s a real benefit for the retired expat, making your buck stretch a long way. And we do mean bucks, for the US dollar is the official currency of Panama.

PANAMA’S A BARGAIN

Since the U.S. military and Panama Canal personnel pulled out (in 1999), thousands of houses and apartments have flooded the market. Abundant supply … limited demand. so prices are cheap. You’ll find bargains galore. There are bargains in property, both for sale, for rental and for investment are readily available.You can find a three-bedroom, luxury apartment downtown with a deck, private parking, a pool, the whole ball of wax in the $70-$80,000 range and most properties in this range have an ocean view.EW discovered properties there that were smaller and a little away from the prime areas in the $25,000 to $40,000 range.

And if you are the fixer-upper type you can find the proverbial steal. You can own your own apartment or bungalow or some investment property by heading to Panama and hitting the streets and looking for the bargains OR you can use a firm that EW recommends to look for you and offer you the best deal in properties to live in or real estate investment properties. More on that later but first let us continue with why we think Panama is THE place for the best real estate buys today.Panama is elite because of its sheer natural beauty and, most importantly to many, because of the privacy it affords in personal and financial matters combined with it’s great retirement program for foreigners!

: RETIRE IN PANAMA AS A PENSIONADO AND SEE WHAT YOU GET

  • 50 % off entertainment anywhere in the country (movies, theaters. concerts. sporting events, etc.)
  • 30 % off bus, boat and train fares
  • 25 % off airline tickets
  • 50 % off hotel accommodation (Monday through Thursday)
  • 30 % off hotels from Friday through Sunday
  • 25 % off restaurants
  • 15 % off fast food restaurants
  • 15 % off hospital bills (if no insurance applies)
  • 10 % off prescription medicines
  • 20 % off doctor’s consultations
  • 15 % off dental and eye exams
  • 20 % off professional and technical services
  • 50 % off closing costs for home loans

We’ve presented our picture of “Why Panama?” Too add to this, here are a few reasons the international guru’s think Panama is THE place:

  • Direct foreign investment in Panama for the 5 years ended 2001 was approximately $3.5 billion.
  • Currency is the US dollar
  • Low inflation
  • Excellent tax benefits
  • Secrecy laws strictly enforced
  • Equal treatment of foreign and local citizens
  • Favorable incorporation laws
  • Large bi-lingual labor force
  • Diverse economic base including banking, shipping, insurance, tourism and free zone
  • Ranked first in the region for low cost of living by the Tripartite Committee
  • Stable political system
  • The Organization of American States (OAS), the Interamerican Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC)

AND WHY PANAMA CITY AS THE SPECIFIC AREA FOR INVESTMENT

  • It is at the convergence of two continents at the Bridge of the Americas
  • Rated the most ” International City ” in Latin America
  • It is poised for tremendous growth in the next decade
  • It is within an hour of some of the finest fishing and or bird watching in the world
  • One hour drive from pristine beaches and cool mountain oasis
  • Located on the Pacific coast, yet it is only 45 minutes to the Caribbean
  • Increasing number of expatriates
  • One of the safest cities in the hemisphere
  • Excellent infrastructure (internet, telephone, roads, water, etc)

Good Things About Buying A Residential Property In Noida

The strategic location of the city makes it a good choice for buying a residential property in Noida. It is linked to every part of the NCR via road and Metro Rail. The Noida city is highly planned and offers a comfortable travelling in and around with its broad roads and a good traffic management. And the DND Flyway can make a person reach South Delhi within a few minutes. When travelling on Metro routes, one can commute to each and every part of Delhi and even enter Gurgaon and Faridabad. Though the distance of Greater Noida is quite long but it takes very less time to go to Greater Noida through smooth Yamuna Expressway. And Ghaziabad is adjacent to Noida so there was never a problem in reaching out there.

Residential property in Noida, in the form of residential plots, single housing units and flats has seen a consistent growth and progress in the recent years. Many well known and highly reliable construction Groups, namely, Jaypee, Paras, Amrapali, Assotech, Ajnara, Mahagun, Logix, Stellar, Supertech and many more professional builders have already launched their residential projects in Noida, Noida Extension and on Yamuna Expressway. The residential and housing societies in Noida are being developed with proper planning, taking care of environment and greenery at the maximum. Latest earthquake resistant techniques are being used in the residential apartments towards an effective disaster management.

The residential property in Noida is being built with lots of common facilities like 24 hours power back-up, big parks, covered parking, swimming pools, gymnasiums, yoga and meditation centre, and clubs and community halls. It’s not all; there exist lot of facilities even outside the residential premises like reputed fitness clubs, golf club, Noida stadium, high standard schools and colleges, multi-specialty hospitals, large malls and multi-screen cinema halls, international food chains and other famous eating joints, shopping hubs like that of Sector18 market area with a variety of international clothing and jewelry brands.

It is estimated that within 2-4 years, most of the on-going residential projects would reach to their completion and would be ready for the consumers for the possession. But by that time, the rates of the residential property in Noida would be at the highest. Therefore, it is advisable that interested citizens or NRIs should immediately take a decision to buy a residential property here. With the help of a reputed real estate firm, one can easily avail all the information regarding the rates and the infrastructural facilities associated with residential schemes. And start with the booking procedures and apply for loans as well, if required.

Smart Investors Buy in Turkey

This very pretty region of Turkey offers a diverse landscape – from mountainous Ovacik, to secluded Sovalye Island to the long white sands of Oludeniz Beach. It’s no wonder that increasing numbers of foreign nationals are choosing to call this spectacular area home.

Fethiye’s temperate climate is a major reason that so many people are making it their permanent home. The summers are long, hot and dry, with 300 sunny days a year. Winters are mild and short and it is not uncommon to be able to swim until Christmas. And with the diverse nature of the region, there is something to suit every lifestyle: retirees, young families or anywhere in between.

The villages dotted around the Fethiye region each have their own unique charm. Most visitors are aware of spectacular Oludeniz Beach, with its picture-postcard views, and nearby Hisaronu, with its upbeat summer crowds. Gocek, too, is making a name for itself as an upmarket marina town. But there are also a number of hidden gems: Solvalye Island is one of the last Mediterranean areas where buyers can still snap up private, idyllic beachfront property; and Ovacik is full of wild natural beauty.

The Fethiye region boasts an incredible number of things to do. You can visit ancient ruins, get an adrenaline fix at world-famous paragliding site Oludeniz, try out kite surfing, visit the legendary Cleopatra Beach or learn to scuba dive. By night, sample the region’s wines (or the local firewater) raki. Eat freshly caught seafood or sample to tradtional restaurants with many mouth watering dishes to choose from before heading to a sophisticated wine bar or cosy pub.

Discerning investors who buy property in Turkey often make a beeline for ARMAYA International, thanks to the strong rental yields in areas like Fethiye, Calis Beach, Ovacik and Hisaronu.

Marina towns such as Gocek are also valuable investment opportunities. Seasoned sailors are discovering the advantages of exploring the Mediterranean coastline’s inlets, coves and islands: the sunshine, favourable winds and top-class marinas. New marinas are popping up all around Turkey, resulting in a localised property boom in each new marina area as visitor numbers increase dramatically.

Turkey has all the necessary ingredients for a perfect second home. Armaya International have been advertising and promoting property in Turkey for the past nine years as a result we have seen the popularity grow from strength to strength. Our research has long been highlighted with the potential growth of the Turkish real estate market our aim is to offer a wide selection of Turkish properties.

Who Is Buying Property In Turkey?

INVESTMENT IN TURKEY

The Turkish property market has gathered pace in recent years and constitutes a good property investment. Buying a property in Turkey is currently one of the soundest investments that someone who is looking to buy abroad can make.

If you’re considering buying investment property in Turkey or would like to know more about why buying in Turkey right now could offer you strong long term investment potential, here are our top reasons for buying Turkish real estate:

TURKISH RIVIERA

It is a great holiday destination as it is continuing to attract large quantities of European people. Turkey has a wonderful coastline with a great Mediterranean culture. The Turkish Riviera enjoys up to 300 days of unadulterated sunshine every year which makes the area an international tourist destination hit. Tour operators have increased their exposure to Turkey and in return Turkey has responded by developing some world class resorts offering stunning holiday opportunities that are proving particularly popular with European travellers. As a direct result the demand for short term rental accommodation in summer holiday hotspots is on the increase and rental yields are also on the increase meaning a well positioned investment property will offer great buy to let potential.

ECONOMY IN TURKEY

There is continuing talk of the country potentially joining the European Union at some point. Turkey’s long-standing campaign to join the EU will almost certainly soon be successful. EU membership would also mean a rapid price hike. Turkey is positioning itself for acceptance for EU accession. It is a long and slow process but it does mean that the Turkish government is working hard to bring their laws, standards and ‘ways’ in line with those of other European countries.

This standardization makes for a comfortable transition into Turkey for businesses, expatriates and investors and increases the potential for inward foreign direct investment which is positive for Turkey’s long term economic success.

QUALITY OF THE PROPERTIES IN TURKEY

The modernisation of the country continues and the property market is set to grow for the foreseeable future. The majority of the new developments being built specifically for property investors and second home buyers in Turkey are being built to meet European building standards and regulations. This gives the investor confidence in his purchase. The Turkish national and local governments are well aware of the wealth of history and cultural that their country has and are keen to preserve the country’s natural assets from over development and ruin therefore they have very strict planning and density rules when it comes to property development which help to maintain the country’s beauty and its unique qualities and attributes. This means that investment properties will be built sympathetically and that they will never be surrounded by mass density housing blocks at some point in the future.

WHO IS BUYING PROPERTY IN TURKEY ?

Turkey is popular with foreign property buyers and second home owners. It has some of the world’s oldest settlements together with important classical remains – Ancient Greek, Roman, Persian, Arabic and Byzantine. The Turkish coast has a delightful climate, mild in winter and hot in summer, dramatic scenery and turquoise waters. The Turkish people are very warm and helpful to foreign visitors and the cost of living in Turkey is low.

PROPERTY PRICES IN TURKEY

It is likely that real estate prices in coastal areas will continue their present upward trend.

With its long rental season and property prices 10 years behind those in Spain, Turkey makes a sound economic choice for property investment. Villas with pools and luxury apartments with shared facilities are popular. As stated, Turkish property prices are rising consistently – however, as a direct result of the recession in the housing market earlier this century house prices in Turkey remain intrinsically low and have a lot of ground to make up. By buying now you will be buying into that projected period of inflation, you will also be benefiting from the future predicted buoyancy and interest in the market sparked by Turkey’s growing appeal and attraction for global investors and visitors. These facts point to a long term sustained period of capital appreciation and also to the fact that you can likely benefit from strong rental demand and increasing rental prices making a buy to let investment in Turkey also highly attractive.

The changes made have translated into significant price increases which are starting to proliferate countrywide but which started in the most popular areas for investment properties in Turkey, namely along Turkey’s southern coastline. Here prices increased between 28 and 50 during 2004 alone.

BUYING PROCESS

Buying investment properties in Turkey couldn’t be simpler. If you’re resident in a country in which Turkish residents are free to purchase freehold property then you’re free to buy in Turkey. The buying process follows very traditional rules with a preliminary contract signed upon price agreement, a non-refundable deposit made upon condition that all surveys and searches are satisfactory, and a final contract signed before title deeds are transferred. The simplicity of the buying process is a pleasant surprise for many buyers and increases the attraction of the country for investment purposes.

EASY TRAVEL

There are direct flights to a number of coastal Turkish airports: Antalya, Bodrum, Dalaman, Izmir. The number of airports and a good road network in southern Turkey means that the entire areas is very easily accessible internationally which means that tourists can come and go easily increasing the demand for short term accommodation. It also means it’s easy for investors to have access to their investment properties.

SAFE COUNTRY

Serious crime and crime against property and the individual are very low in Turkey meaning that an investor and his assets are safe and secure.

THE COST OF LIVING

The cost of living in Turkey is far lower than in any other European country and yet the quality and availability of produce is incredibly high. As Turkey has a massive manufacturing base all everyday household products, furnishings, fixtures and fittings can also be sourced cheaply and relatively easily.

Buying A Property In Dubai

There are very few with even a passing interest in property abroad who won’t have read something about Dubai and its unique property market by now. It has only been open to foreign investors since 2003 and freehold ownership is not due to become an option until later this year. Dubai, which is the second largest of seven Emirates forming the United Arab Emirates (UAE), has a population of 1.67 million, 80% of which are ex-patriates. As Arab states go, and even by UAE standards, Dubai is probably as liberal, stable and Westernised as they come. There are no problems for women whatever they choose to wear, religious tolerance is the order of the day and drinking of alcohol is not prohibited, although public drunkenness is seriously frowned upon so it may not be the ideal venue for your upcoming stag party.

Judging Dubai’s fledgling property market by the standards of anything else on the planet is a little pointless, it simply isn’t like anywhere else on earth. Parallels may occasionally be drawn with Las Vegas, but the most similarity you’ll likely find is the planned nature of the cities. Dubai is certainly a very contrived city if you look at it in that way, don’t expect to find too much organic and disorganised property growth here, everything is being planned to a tee. It also has a penchant for taking the best and most celebrated design and architectural features of other countries and cultures to use in new and unusual ways. It is possibly not much of an attraction for architectural purists but still quite intriguing as a design ethos.

In terms of financial attractions for both developers and investors they don’t get any stronger than Dubai, tax-free status is as good as it gets. As Ray Norton of Larionovo says, “the tax situation here tends to be a fairly short conversation, there are zero taxes on pretty much everything.” It is easy to gloss over the effect that this has on attracting incoming economic activity until you take a quick look around Europe and see the effect that dropping corporate tax rates to 15% has for a country. This will give you some hint of the attraction to Dubai. Kofi Annan recently went so far as to label Dubai ‘an economic miracle’ so the Emirate obviously has friends in high places. It is essentially a tax-free zone in its entirety and this fact has not been lost on the corporations of the world. Of course an Irish investor will still be taxed in Ireland on all their overseas income, but you can’t blame Dubai for this.

One of the main drags on this market to date has been the inherent difficulty in arranging mortgage finance. This is rapidly changing with the impending introduction of freehold laws and the chances are that freer availability of mortgaging will continue to drive price inflation in the region for the foreseeable future as will the nature of some of the more mind-boggling schemes being presented to investors.

One of the things which most worries many people about the entirety of the United Arab Emirates is not the fact that there is any intrinsic political instability, there has been no history of this in the region since transfer of power from the British in 1971, or even before that time. It is really more a question of some of the entities surrounding the Emirates not having a similar reputation. It can be difficult to convince those unfamiliar with the area how little this has affected it up to this point. There is obviously nothing to say that some undesirable won’t decide to focus the region because of its liberal Westernised policies or rich oil reserves, based mostly in the neighbouring Emirate of Abu Dhabi, but advocates claim you may very well be in more danger located anywhere near Shannon and thus tend to ignore this possibility.

Another argument against investment here is the lack of democratic political structures. The Maktoum family have been very benevolent rulers but not everyone in Dubai agrees with their vision for the future. The argument for a focussed single ruling entity can be very visibly seen in the ease and speed with which huge new projects can be vetted and actioned, this simply doesn’t happen in the democratic world. The flip side of this coin becomes more obvious if you don’t agree with the actions taken by this unchallengeable authority. Not everyone is comfortable with such irrevocable powers but many country’s experiences with democracy and its ability to cater for the common good haven’t exactly been riveting so I guess you could argue either way.

Spiralling rents for homes in Dubai is obviously seen as a boon for property investors but it should not yet be viewed as the norm for the market as very little of the planned property in the Emirate has actually been built yet. As it stands, low-paid workers are already priced out of the local rental market, where rates increased by around 40% in 2005. The rate increases were so large that the governing Maktoum family intervened to cap rising rental rates. This highlights something which may become more of a problem with time. While Dubai is witnessing a construction boom, the trend is almost completely toward luxury apartments and villas, leaving little accommodation for unskilled and semi-skilled workers, mainly from India, Pakistan and the Philippines. Even if the Emirate succeeds in its attempts to make this the Mecca for all tourist related traffic in this region it will be necessary to accommodate such workers but there don’t currently seem to be any incentives to supply product for this significant market sector.

Traffic is also currently a huge problem in the city with traffic jams sprouting at just a minute’s notice, and this is before most of the property has even been built. You would shiver to think what levels of traffic will be present when all the building is completed. The lack of any reasonable public transport system doesn’t help much but the plans to build a monorail system to alleviate the problem will surely bring smiles to the faces of all Simpsons fans.

Unlike most world cities where property is built to service a growing need, Dubai is entirely the reverse, which is what makes it so hard to pin down. The long term plans laid out for the city by the all-powerful, and highly revered, Maktoum family drive property development. This in turn invites investors to buy into a market which has basically been engineered from nothing. It is this flagrant invitation to investors, normally a very bad sign of a market, which bothers most people about Dubai. Because of the unique way in which the Emirate has chosen to populate its territory it is difficult to see how else it can find buyers for the vast amounts of property it intends to build. Ray Norton of Larionovo is quick to point out, however, that there are more than 100,000 expats per quarter applying for visas to enter the country pushing demand for property here along with the huge investor rush into the market. It still has to be acknowledged that the very new and unique nature of this market has led to near mass hysteria on the release of new projects with some selling out in hours.

This obviously leads to spiralling prices and the scenario of properties changing hands many times before they are even built. Such activities have given the Dubai property market a bad name in certain sectors but others view it as an open invitation to invest and prosper. Whether Dubai suits you as an international property buyer will depend entirely on whether you feel the plans for the city into the future are visionary or an ill-judged attempt to fiddle with the mechanics of property based market economics. It is far too early to say which side will be proven correct but it will be very interesting to watch this new and unique market unfold.

Smart Investors Buy in Turkey

This very pretty region of Turkey offers a diverse landscape – from mountainous Ovacik, to secluded Sovalye Island to the long white sands of Oludeniz Beach. It’s no wonder that increasing numbers of foreign nationals are choosing to call this spectacular area home.

Fethiye’s temperate climate is a major reason that so many people are making it their permanent home. The summers are long, hot and dry, with 300 sunny days a year. Winters are mild and short and it is not uncommon to be able to swim until Christmas. And with the diverse nature of the region, there is something to suit every lifestyle: retirees, young families or anywhere in between.

The villages dotted around the Fethiye region each have their own unique charm. Most visitors are aware of spectacular Oludeniz Beach, with its picture-postcard views, and nearby Hisaronu, with its upbeat summer crowds. Gocek, too, is making a name for itself as an upmarket marina town. But there are also a number of hidden gems: Solvalye Island is one of the last Mediterranean areas where buyers can still snap up private, idyllic beachfront property; and Ovacik is full of wild natural beauty.

The Fethiye region boasts an incredible number of things to do. You can visit ancient ruins, get an adrenaline fix at world-famous paragliding site Oludeniz, try out kite surfing, visit the legendary Cleopatra Beach or learn to scuba dive. By night, sample the region’s wines (or the local firewater) raki. Eat freshly caught seafood or sample to tradtional restaurants with many mouth watering dishes to choose from before heading to a sophisticated wine bar or cosy pub.

Discerning investors who buy property in Turkey often make a beeline for ARMAYA International, thanks to the strong rental yields in areas like Fethiye, Calis Beach, Ovacik and Hisaronu.

Marina towns such as Gocek are also valuable investment opportunities. Seasoned sailors are discovering the advantages of exploring the Mediterranean coastline’s inlets, coves and islands: the sunshine, favourable winds and top-class marinas. New marinas are popping up all around Turkey, resulting in a localised property boom in each new marina area as visitor numbers increase dramatically.

Turkey has all the necessary ingredients for a perfect second home. Armaya International have been advertising and promoting property in Turkey for the past nine years as a result we have seen the popularity grow from strength to strength. Our research has long been highlighted with the potential growth of the Turkish real estate market our aim is to offer a wide selection of Turkish properties.

Why Do You Invest in Singapore Property?

Singapore is one the fastest growing cities in the world. For the last few years, the city has been offering numerous businesses opportunities to both small and medium-sized enterprises and corporate giants. This is why many businesses across the globe are highly interested in opening their branch offices or headquarters in this city.

The growing economy and improvement in per capita income have attracted many people to come and settle here. Top class transit system, world-class infrastructure, cutting-edge health care facility and first class international schools have made the city a great place for buying a property and living here permanently. Many businessmen, IT professionals, students, job seekers are coming to this city day by day for fulfilling their own purposes. These heterogeneous people look for their own accommodation in this city.

As the consequence of it, the real estate market in Singapore has received a significant growth. Therefore, this is the right time to invest in Singapore property market. It has now become one of sought-after property investment destinations in the world. Many builders, property developers, contractors, realtors, and reputable construction companies from Singapore and international market have started their real estate projects here. Their main objective is to expedite their progress and uplift business growth. They want to grow quickly and increase their profit significantly. The proximity of China has diversified the economy of the city. Needless to say, free trade policy of the country has helped in the rapid growth of the city.

If you have already decided for a property investment in Singapore, then it is really a very god decision. If you have yet to decide about it, you should go through this article. In this article, we shall discuss on why one should be interested in Singapore property invest.

Given below are the reasons

  • There are no restrictions in property investment. Anyone can easily buy a property at reasonable rate.
  • The cost of property buying in Singapore is lower than the other major cities located in the developed countries. On the other hand, Singapore government charges only 18% VAT for new properties, 2-3% for stamp duty and only 1% for legal fees. This is why one can buy a property here at cheaper rate.
  • There is a huge demand for new properties in Singapore. The reason is that a vast majority of people live at rented houses or apartments.
  • Investing money in Singapore property gives you more return on investment than the other fields like stock exchange, home loans, trading, etc.
  • As the communities are growing here, the price of real estate market is gradually growing in this city.

Buying Property in OMR, Chennai

Are you looking for 2 & 3 BHK apartments in OMR Chennai? Chances are, it is a good bet since real estate prospects are looking up along the Old Mahabalipuram Road or OMR stretch, one of the city’s most coveted residential housing destinations. Demand will continue to grow since the locality is witnessing several infrastructure projects which are keeping overall growth momentum intact. The OMR skyline is rapidly changing and it is steadily transforming into one of the most posh neighborhoods in the city and the Government has prioritized infrastructure development including proper sewage and water connections here.

There are big ticket projects and landmarks nearby including the TCS office at Siruseri SIPCOT which is the company’s biggest building in Asia, the Financial City at Sholinganallur and the Sports City which spreads over 1, 500 acres. There is the New Bypass which will link Egatore to Thaiyur beyond the Kelambakkam Junction along with 5 flyovers at strategic points right from Tidel Park to Siruseri. OMR offers good proximity to major IT hubs and business zones and also the city center.

There are multiple residential townships coming up here which will spark further infrastructural development in the near future. There are several reputed educational institutions in and around the neighborhood including the Padma Seshadri School, Abacus Montessori School, Gateway- The Complete School, PSBB Millennium School, Delhi Public School, DAV School, Hiranandani Upscale School, Deva Annai Matriculation School, Headstart School and the Sushilhari International Residential School among others.

The fact is that the real estate segment of Chennai is presently at its peak and changing at a fast pace. These days, the city is said to be flaunting a completely new look, especially with the emergence of numerous high-end commercial sectors and luxury residences being launched every now and then in almost every part of this magnificent and one of the most important metropolitan capital of the country. OMR is the link to Chennai’s IT corridor and the availability of huge land parcels in Phase 2 of this corridor will ensure that development continues in the entire area. Property prices are still reasonable in OMR and one can get a sea facing apartment here without breaking the bank. Thousands of new jobs are also being created in the IT corridor which will lead to increased housing demand over the future and there will be a natural increase in returns from property investments in this stretch.

Foreign National Commercial Mortgage Loan Basics

As US dollar is becoming stronger and commercial real estate values are rising by the day, foreign buyers can have a real incentive for buying an investment property-whether it is commercial or residential. Persuading foreign investors to speculate in US economy has different incentives as well.

Some facts that are worth reading

As per National Association of REALTORS┬«, foreign buyers, until March 2014, invested in excess of $99.2 billion US residential real estate. These figures continue to soar with time. So every international buyer who can afford to invest in US properties and who look forward to living abroad should invest in the country’s real estate investment market.

When problem hits foreign real estate investors

Options for an international real estate buyer to pick from can be significantly limited as they will generally have to provide a:

  • U.S Federal Tax Identification Number
  • U.S Bank Account
  • State Certified Corporation, LLC, LP, or any active company
  • Proof of residence

And if a foreigner is incapable to furnish any of these docs, then the person will doubtlessly be ineligible to get a traditional mortgage and other similar financing options. Foreign buyers, however, can pay in cash-but as interest rates are low across the United States, it is preferred for buyers to finance their investments. And that is when a foreign national loan can be of great help to any foreign realty investor.

Understanding foreign national commercial mortgage loans

Foreign national commercial mortgage loans are available to every non-US citizen who are look forward to investing in any domestic property. However, any foreign national will not find this mortgage in traditional banks. And even the terms and conditions or requirements of this specific loan will vary from one lender to another.

Generally, foreign national mortgage lenders offer this loan type at down payments that start anywhere around 30 percent of the buying price. However, the down payment can even go as high as 40 percent-that depends on the size of the loan that any foreigner may apply for.

Apart from large down payments, this loan is similar to a traditional loan. The process of securing this loan is just like the one followed to get a domestic loan. For building a borrower profile, lenders will need:

  • Their passports
  • A Tax Identification Number given by the Internal Revenue Service
  • Asset proof that is verified by any global financial institution
  • A Letter of Professional Reference From An Accountant and or Banker

Foreign borrowers will generally have to pay a higher interest rate than the ones given by US residents. But borrowers may get a commercial mortgage with an annual interest rate as low as five percent because of larger down payments and historically low interest rates.

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