Category Archives: Property

Dunedin Real Estate Your Dream Property Is Within Your Reach

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Sometimes referred to as the southern gem, Dunedin is the South Islands second biggest city, characterised by a unique Scottish feel and architecture imposed on it during the time of New Zealands colonisation. Surround by beaches, forests and dramatic scenery, Dunedin is noted for its youthful and charismatic population being attracted by the educational and tertiary facilities contained within. With a population of just over 125,000, the city is one of the best preserved Victorian and Edwardian cities in the Southern Hemisphere. Becoming a desired location for students, families and businesses alike, the demand for Dunedin real estate is increasing at above average rates.

According to the latest Quotable Value New Zealand figures, southern Dunedin real estate figures have surged, recording the highest percentage increase in the country. The southern region extends from Waverley to Green Island, including the suburbs of St Kilda and St Clair. The figures illustrate that the area has experienced an increase in home values by 8.7% with an average sale price of $264,000. Likewise, Dunedin overall, showed a 4.9% increase in property values with the average sale price rising to over $276,000.

The increasing prices are a direct result of increasing demand. As many of the main centres in New Zealand are experiencing continued growth in house prices and valuations, Dunedin is presenting itself to many as an attractive option. With the average house price in New Zealand just a little under $410,000, properties in Dunedin represent real value in the marketplace where many families are struggling to find suitable and affordable housing options. According to Glenda Whitehead from QV Valuations, some of the increase in market activity in Dunedin is due to a rise in purchases by existing homeowners, who realise the benefits of purchasing prime real estate at well below national averages.

There are many advantages to purchasing Dunedin real estate, apart from the scenic and natural beauty that the city is surrounded by. With the security of tenure, you will be able to enjoy the cycle of the real estate market, accessing capital gain as the property naturally appreciates. If, like most kiwis, you enjoy a little do it yourself (DIY), then additional capital gains can be achieved through renovations. There is nothing like the sense of pride that comes with homeownership. The freedom and ability to personalise your property to suit your tastes and requirements has long been an aspiration of nearly all New Zealanders. However, with the current price hikes in property prices, renting is fast becoming a reality for many who cannot afford the deposit or repayments on their first home. However, Dunedin is offering the consumer real value and choice. Why not consider a move to a new place, where the people are friendly, the amenities are first class and most of all, your dream property is within your reach.

Commercial Property Development Activity Falling At Record Rate Say Savills

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The UK commercial property sector continued to deteriorate at an increasingly rapid rate last month, new research by Savills has shown.

Its Total Commercial Development Activity Index fell in November for the 13th month in a row, with the rate of decline slightly steeper than in October.

As the credit crunch began to bite, weakening occupier demand led to a new series-record decline in development activity.

Almost 58% of respondents to Savills commercial property survey reported a drop in activity, compared with just 7% signalling a rise.

The index showed a resulting net balance of -50.3% in November, down from -49.7% in October.

The fastest reduction of activity was in private new build. Office development was particularly hard hit. For the fifth time in 2008, however, the least marked fall in activity was shown by refurbishment.

November’s survey also found widespread pessimism about the three-month outlook for activity, with the degree of negative sentiment the lowest since the survey began in March 2003.

Commercial developers said they remained concerned over the extent to which lower central bank rates can alleviate the downturn in the sector over the near term as a result of continued lack of credit availability, and a reluctance of clients to commit to new projects.

Commenting on the November survey, Mat Oakley, head of Savills’ commercial research department, said the negative outlook was surprising: “This month’s survey was surprising in the fact that developers’ expectations for the future continued to slide.

“While the lack of debt available is clearly a dragging factor on the market, we expected that November’s 150bp cut in the base rate might give developers some confidence that the downturn in occupier demand would be shorter and less deep than it could have been,” he added.

Resale Option In Neharpar Faridabad Property

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Faridabad forms an important part of the National Capital Region due to its proximity to New Delhi, and resale property in Faridabad has been specifically in demand especially by those individuals who are operational in Delhi NCR and are in need of a residential property which offers immediate possession. That, in fact, is the most important advantage of resale properties in Faridabad over new projects, as a resale property is ready to move in, and offers immediate possession, whereas there is a long waiting period while purchasing new projects, which is generally more than a year.

Resale property in Faridabad is also preferred over new projects as it offers a readily developed infrastructure and fully operational surroundings which include maintenance facilities, connectivity via road and other types of transportation facilities, whereas new properties are generally developed in a completely new location where the infrastructure and surrounding need to be developed from scratch, which often takes quite some time to become fully functional.Also resale property in Faridabad enjoys the benefit of being centrally located, while most new projects are coming up in secondary sectors.

The reason behind this is the unavailability of freehold land in prime locations; as most of it is already taken up and built upon, due to which new projects have to be set up on the outskirts where land is available in abundance. However, there are also a few parameters where resale property in Faridabad lacks when compared to new projects.

For example, a resale property might not enjoy the same level of customizability as compared to a new project, which is untouched and ready to be customized as per its residents” preferences and requirements. Apart from this, resale flats in Faridabad may not be offering features and amenities that are as modernistic as a new apartment in Faridabad would offer, the obvious reason behind which would be the fact that resale flats and apartments were designed and developed much earlier.

But if one wants a fully functional flat in Faridabad with instant possession, then resale property in Faridabad is the most suitable option.

Checklist For Buying Resale Property For A Good Deal

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You would certainly not like the idea of waiting for a period of 3 years or even more to buy your own home. In that case, many prefer to go for resale property. Buying resale property has several advantages. Not only you would be able to get a ready made flat to reside but also several other advantages.

The Advantages of Buying Resale Property

You get the opportunity to shift to the house immediately. This would be highly helpful especially when you have to shift to a shelter within a short time.

Many a times, you might be paying huge amount of money as rent and your calculations show that in the long run buying a property would be more economic than continuing to engage huge sums of money as rent. So, to lookout for a home within a short notice, buying resale property is indeed a good idea.

If you are an individual who loves to be located at a prominent position, go for resale property options. You would find as they were built quite early, they are usually located at good locations, at the heart of the city. In contrast, the latest residential developments are usually found in the suburban regions.
Though buying resale property would be advantageous to many respect, but you need to be careful while buying one. Your resale property is old after all and hence, you need to be assured of the fact that the building is still tough and durable.

Important Checklist for Buying Resale Property

Before you enter the flat, engage some professionals to check the plumbing and electrical works. Inspect whether the repair has been properly done or not. Try not to buy a property which is more than 10 years of age.

Your property must definitely be in good shape so that you do not have to spend much on its maintenance.

Check all the legal documents. The title of the property must be the name of the seller. Check whether all the duties and the dues are paid.

Inspect whether the property you are buying has any illegal constructions or not. In that case, you may get in touch of a lawyer or a civil engineer to learn about it.

Avoid buying resale property for investment purpose. If you are purchasing the property to expect huge returns, this won’t be a good business strategy. Purchasing resale flats is worthwhile only if you have plans to shift to the place immediately.

Present Scenario Of Delhi Property Market

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Delhi has been counted among the expensive cities across the world. If we go back, the properties in Delhi did not have a high value but currently the rates of properties in Delhi have doubled & trebled these days owing to improved education facilities, job prospects, entertainment zones, opening of new quarters of various business organizations in Delhi, etc. Recently many people in India are having the dream of buying the property in Delhi. The value of Delhi properties are getting higher year by year and are going to soar in future. Buying properties in Delhi is valuable and it will become more valuable in coming days. Delhi property market is frequently sees a lot of movement happening from selling and buying to leasing and renting.

Property for sale in Delhi

Delhi has become the core destination of every investor. The city is count as one of the popular real estate areas mainly in residential areas. The demand residential property for sale in Delhi is higher. In fact the adjoining areas of Delhi are rapidly growing in terms of real estate market. The property for sale is equally in demand as Delhi. Delhi and NCR (National Capital Region) that includes Gurgaon, Noida, Greater Noida, Ghaziabad and Faridabad have scored the position as one of the most popular and active real estate business.

The major reason behind it is that landing of corporate houses in Delhi. The demand is more but the supply is limited and this cause to increase in property rates in Delhi. Moreover to find out the property for sale in Delhi browses the classified sites or online property portals.

Property for rent in Delhi

As the development in Delhi is increasing at every aspect and large number of migrants & tourists are coming to Delhi each month for varying purposes like employment, education and more. They demand for the short term accommodation or property for rent in Delhi. Due to the increasing demand of those people many developers have start focusing over the rental accommodation and have build many flats or property for rent in Delhi. These apartments or flats especially designed to meet with the requirements of the high class people or the professionals who are engaged with the MNC.

Currently the idea of service apartments in Delhi is being launched only in metropolitan city to furnish to the growing housing demands of the people. The residential property for rent in Delhi is especially more among the global students & tourists.

Hence the demand of property for sale in Delhi is equally same as demand of property for rent in Delhi.