Report: The Real Estate Market In Panama

Most likely, you have heard of the recent real estate BOOM currently occurring in Panama. Perhaps, there are several internet sites you have read or visited searching for further information on the topic. Or maybe you are one of those persons that have taken the decision already of buying an apartment or a beach house, but you don’t know where to start or wish to start your own real estate project in Panama, yet still need more information. Well, I have prepared this article in a practical and simple way in order to guide you in our real estate market. You will find this paper helpful, whether it’ll be for the direct buying of a property or to start your own real estate project in Panama or simply to have a more complete notion of this rising real estate BOOM.

What is happening in the Panamanian Real Estate market?

What is going on in Panama is without any sort of precedent. The market is growing rapidly and such real estate development has never been experienced before in our country. Monthly, we are visited for hundreds of foreigners interested in buying real estates in Panama, in the City, the coasts and the mountains. The constant rising of the value per square meter is almost in a monthly rate. For example: in January, 2006 it was possible to find apartments in Panama City for around US$ 1,000.00 per square meter, which is nearly impossible nowadays (US$ 1,200 – US$1,400 and rising). This has generated the value per square meter to triplicate in the city and even to quadruplicate in the rest of the country. The main real estate broker associations have foreseen that the general value of the land in Panama could rise up to 30% to 40% in the next three years, due to this price increasing flow.

Extreme luxury towers of over 100 stories, residential houses of over a million dollars, yachts and marine clubs, huge luxury hotels, golf camps designed by well-known international specialists, as well as top of the line malls, are currently under construction or in process of delivering in the next couple of years; renovating the face of the city into an international and cosmopolitan metropolis. Promoters, private investors and international real estate companies, from United States, South America and even Europe, have started the construction of real estate projects of great impact. Also, a great number of international real estate broker companies are currently setting up businesses in our country per month. Specifically we could say that seven of the highest towers under construction in Latin America are being built in Panama City, within the areas known as “Avenida Balboa” (this area is projected as the skyscraper in front of the sea in the city). We could mention, among others: Aqualina, Aquamare, Vitri, Ocean Two and One, Los Faros de Panama and Ice Tower, ready to be delivered for the year 2009; besides the hundreds of apartment towers bring developed around the city. Great beach lot projects, island resorts, as much as in the Caribbean Sea (Bocas del Toro) as in the Pacific Ocean (Pearl Islands); as well as delightful retirement mountains (Boquete, Altos del Maria) are part of the avalanche of real estate projects that seems just to be starting.

Which are the real factors that caused this real estate boost?

We all know that after the hostilities occurred in Panama in 1989, the Panamanian real estate market remained hesitant and the small amount of inversions in this sector were led in its majority into commercial projects. Eleven years had to run by after this event (year 2000) for the leaders in the tourist sector of the Panamanian government (led by the well-known Panamanian singer Ruben Blades) to take action initiating a serious campaign for the enhancement of the country’s image. Panama was shown as “the path less traveled”, stressing not only in the advantages of being and international banking services and offshore center, but also in the social, tourist, ecological and geographic elements that until then were unknown to the rest of the world. This successful campaign was promoted worldwide in the main international television chains, in Europe as well as in the United States. Added to this, something that has to be acknowledged, for the year 2003 Panama comes back to the international field with the announcement that a young Panamanian lady (Justin Pasek) won the Miss Universe contest, situation that allowed by extension the range of advantages of our country as a tourist and commercial destiny. Between the years 2003 and 2005, little by little the number of visitors increased as a consequence of these two important catalysts.

Meanwhile, small groups of professionals (lawyers, brokers, and independent professionals) were offering seminars about the Panama’s advantages or organized small real estate tours to foreigners. Several articles published in international retirement magazines (generation known as “Baby Boomers”) and second residences abroad, started to acknowledged Panama as one of the best countries in the world to live at high standard levels, but with low costs; all of this caused due to excellent projects addressed to this market, as “El Valle Escondido” in Boquete – Chiriqui or “Altos del Maria” in Panama. One of the main triggering factors of this real estate boost in Panama occurred last April 24th, 2006, when Donald Trump announced in New York City the construction in “Punta Pacifica” area in Panama City of a 65-story tower branded as “Trump Ocean Club International Hotel”, with a cost of 220 million dollars. Further more, on October of the same year, the national acceptance for the enlargement of the Panama Canal was given, initiating construction works in the year 2009. Starting from this point, there is no doubt that Panama would become the centre and role model of real estate investments in the area, situation that has been increasing exponentially.

Which are then Panama’s advantages as a real estate destiny?

Well, let’s get into the subject. Let’s study those advantages that Panama offers and that will allow you, effectively, to take the decision to buy a property in our country, as many foreigners have done. From the real estate point of view, we could mention:

-*- Panama offers the best banking center in the region, with the use of the American dollar as legal currency and with top of the line banks (HSBC, CITIBANK, BBVA, etc.) which will facilitate the process of obtaining mortgages for foreigners, offering a fast international bank transaction process for deposits and reservation of properties.

-*- Panamanian immigration law has one of the best retirement programs in the world, which will allow you to become a “resident” in less than two months. This program offers several incentives as the possibility to import goods and personal values into your new properties free of import duties, as well as motor vehicles also free of import duties.

-*- An outstanding service, utilities and infrastructure system for properties, such as: high speed Internet (there are five of the main Internet interconnection Networks crossing through Panama), Cable and Satellite TV, public potable water, wide range of telephony offer, fixed and cellular.

-*- The opportunity to buy extreme luxury apartments with ample spaces to a price amazingly low compare with apartments of the same quality in USA and Europe.

-*- The opportunity to acquire properties exempt to the 0% of property taxes for a period of 5, 10, 15 and even 20 years (depending on the date of construction’s commencement).

-*- A vast variety of companies and bilingual professionals involved in the real estate market.

-*- If you are a businessman, Panamanian law has fiscal benefits to constructors and promoters that start real estate projects in the country.

Additionally, there are other advantages to take into consideration that even when you are not directly involved in the real estate business, they can become helpful at the moment of taking the decision of buying a property:

-*- Panama has been acknowledge for companies as Pinkerton Intelligence Agency as a high standard security country in contrast with the current situation in neighboring countries.

-*- You can hire house keeping services for a low cost (around US$ 150.00 per month)

-*- Up-to-date high standard technology available.
-*- The opportunity to acquire products from all over the world in the Colon Free Zone, due to the noticeable position of the Panama Canal and the transit of over 14,000 ships per year.

-*- The conditions of Panamanian taxation law allow the tax payer not to pay taxes on bank interests or even income taxes when the service and/or business are performed abroad.

-*- An exceptional geographic position to perform international commercial transactions, with fast access to the Pacific Ocean as well as to the Atlantic.

-*- Panama has a low-risk profile in regards to natural disasters, such as earthquakes and hurricanes.

These are some of the many advantages that Panama can offer if you decide to acquire a property in our country, whether it is to invest or simply to relocate and enjoy life.

Which are the most attractive places to buy properties?

To better answer this question, we have to divide our answer in four groups: Panama City, the mountains, the Pacific shore and the Atlantic shore.

Panama City

The main seaside view luxury condos are found in Panama City, distributed as follows: Balboa Avenue, Punta Pacifica and Costa del Este. The region known as “Avenida Balboa” has become the icon of real estate development in Panama. The reason for this is due to the current construction of luxury residential apartment towers with an outstanding architecture with a height of over 100 stories, to be concluded in the year 2009. Balboa Avenue offers quick access to the whole city, the banking area, as well as to the main avenues, given that it is the coast boulevard. One hundred meters away from this area you will find restaurants, bars, hotels and several facilities. European promoters, American and South Americans have foreseen the real estate potential in this area, equivalent to condos phenomenon occurred in Miami during the eighties. “Punta Pacifica” area was developed over the old City airport (for the reason that it was next to the pacific coast and inside the city). This region was designed specially to provide an answer to the upcoming real estate demand. The area offers beautiful projects and high standard apartment towers. You will also find in “Punta Pacifica” malls (Multiplaza Pacific), Hospitals (John Hopkins Hospital), corporate buildings and access to highways (Corredor Sur) which will grant you fast access to the international airport in 15 minutes. Is also in this sector where the Trump Organization and K Group will raise their promoted real estate project. Another of the desired areas for foreigners is Costa del Este.

The “other city” as is referred to was also conceived and designed for the development of apartment buildings and closed residential communities. It is the perfect place for a foreigner to completely relocate in Panama. This region has it all schools, malls, wide avenues; this sector offers several real estates with a gorgeous view to the sea or to the city, located five minutes away from the city and only ten from the international airport. It also important to stress out that this luxury tower’s development is not circumscribed to these few areas. There are also urban projects in the region of Punta Paitilla, Coco del Mar and San Francisco (all of them in front of the sea), as well as beautiful developed residential areas in the surroundings of the Panama Canal, such as Albrook, Clayton and Quarry Heights.

The Mountains

Gorgeous mountain projects with cool, fresh weather from 18Cº to 20Cº (64ºF to 68ºF) have been developed in the provinces of Panama, Cocle and Chiriqui. In the province of Panama, the most representative mountain project is found in the region of Sora, 75 minutes away from the City and known as “Altos del Maria”. This project consists of a well-organized foreigner’s community with utilities and spectacular landscapes. Another region of urban development can be found in what is known as “Tierras Altas” (High Lands) located in the province of Chiriqui (Volcan, Boquete and Cerro Punta). Among these places, Boquete has become one of the most relevant real estate centres in the whole country, given that it counts with a wide supply of real estate projects, residential houses in the mountains with amazing landscapes. Boquete has been recognized by specialist in the subject as one of the best places for retirement in the world, fact that has generated in this region the highest concentration of retired foreigners in the country. Finally, in the province of Cocle, you will find the region known as “El Valle”. Located in an extinguished volcano, El Valle offers the perfect weather, rivers, waterfalls and tourist attractions. El Valle is at present taking measures to become one of the most wanted regions in the field of mountain real estate properties, owing to its facilities and infrastructure, as well as to its proximity to Panama City (1hr. 45 mins.)

The Pacific Shore

The supply of lots in front of the sea starts in the pacific coast line of the Province of Panama, and it goes all the way until the mid-country provinces. Most Panamanian high-class families have their beach houses on this sector; due to its proximity to the City (45 minutes). This coast line offers residential areas such as Came, Coronado, Punta Barco, San Carlos, Gorgona, among others. Within these beach residential areas we have to remark the region known as “Coronado”, region which counts with one of the best professional Golf camps in Latin America, pools, beach clubs, equestrian clubs, several restaurants and great supply of houses and apartment buildings in front of the sea. Additionally, further on in the pacific coast line, we can find the region of Playa Blanca. Since the development of the macro hotel project known as “Royal Decameron” in the area, the infrastructure and general surroundings have grow significantly. In Playa Blanca, you will be able to find casinos, swimming pools, restaurants, bars and discotheques, beach clubs and a great variety of real estate projects just right next to the beach. Finally, we should also mention the recent development experienced in the seaside areas the provinces of Los Santos (Pedasi) and Veraguas, such as Playa Arenal, Punta Mala and Playa Venao, among others; which have become the new destiny for many foreigners (mostly Europeans) that are searching for great extensions of lands in front of the sea.

The Caribbean Shore

In this area, we can find a similar supply of real estate properties to the one found in the pacific coastline of the mid-country provinces. There are several properties in front of the sea, as well as vast extensions of hectares next to the beach. This region is located two hours away from Panama City and it offers the option to buy in the well-known Colon Free Zone. On the west side of the country, you will find in the Caribbean coastline, the spectacular region of Bocas del Toro, where properties next of the sea or in the middle of an island are simply astounding. A great variety of international real estate companies have started projects in the crystal clear waters of Bocas del Toro. Bocas is one of the most known tourist destinies in Panama, located only 1hr and 45 minutes away by plane. It offers an amazing night life, restaurant, hotels and tours around the different islands of the area. Bocas del Toro coastline has become the most wanted real estate choice for retired or pensioned foreigners in the Caribbean. Among the best areas of Bocas del Toro you can find Isla Colon, Boca del Drago, Red Frog Beach and Playa Larga. The residential project known as Red Frog is of renowned reputation in the international spheres, given that it offers an incredible exclusively designed development for foreigners in one of the most beautiful islands in Bocas del Toro, Bastimento’s Island. The project has marine clubs, restaurants, houses and a dazzling infrastructure.

Islands

The most notorious group of islands is found in Bocas del Toro, given that, as we already mentioned it offers a wide variety of real estate projects in the Caribbean, scenario of several TV series broadcasted around the world. The most important islands of the archipelago are: Isla Colon, Isla Bastimentos, Isla Solarte, Isla Cristobal, Isla Popa and Isla Zapatilla. Likewise, we can found several small independent islands for private projects. Bocas’ islands counts with an astonishing ecosystem for scuba diving, marine activities and bird watching. Another group of islands that is raising popularity is the real estate market found in the archipelago of Mosquito’s Gulf, in front of the pacific coastline of the province of Chiriqui. This Gulf has been granted by the Panamanian government the title of Ecological Reserve, as a consequence of the great diversity of marine fauna found in the area. Most of the islands have registered real estate titles, which allow its prompt buying. The surroundings of these islands are famous for being one of the best places in the world for Black Marlin fishing. The Pearl Islands are located within the Gulf of Panama, three hours away from the city in the open sea, offering a group of more than 35 beautiful islands with spectacular landscapes, surrounded by coral reefs and vast vegetation. The beauty of this area attracted the production team of the popular reality show “Survivor”, who has filmed several times in this region. Finally, you will find the island of “Coiba” in the Pacific Ocean, formerly a prison already abolished and currently a National Park. The main island and its small islands such as Isla Iguana have become in top destinies for scuba diving and water sports.

What should I and should not do when buying a property in Panama?

As a final tip, we will recommend you some practical advises in case you decide to buy a property in Panama:

Recommendation # 1 : You can visit the projects on your own, but it is advisable to be assisted by a professional who could properly introduce you to the promoters, avoiding the pointless increase on the price.

Recommendation # 2 : If you are not fluent in Spanish, you should ask the promoter to get you the contract both, in Spanish and in your native language, for all legal transactions to be performed.

Recommendation # 3 : Once you reserve your property, immediately ask for a receipt and the signature of the Promissory Purchase-Sale agreement.

Recommendation # 4 : Once you have signed this agreement, double-check the deadlines for the subsequent down payments of your property. If you miss one of these, you are exposed to lose the money already paid to the promoter.

Recommendation # 5: Try to take a quick decision on acquiring the property; given that once you reserve it, the price is then frozen. Due to the current demand in the market, prices on apartments rise at a monthly rate.

Recommendation # 6: Once you reserve your property, look for the professional advice of lawyers or real estate brokers, in order to verify all documentation and contracts are due to the procedure of registration.

Recommendation # 7: Think about the possibility of acquiring your property through a Panamanian corporation. They are of fast incorporation, considerably cheap and easy to manage. Using a corporation to acquire a property in Panama will ease a future transfer of it, if that’s the case.

The Keys to Success to Investing in Real Estate

Most real estate professionals flunk within the first few months of trying to create a business enterprise out of real estate investing. The trick begins with a beneficial marketing plan and then practicing a disciplined effort to the marketing plan on a even basis. There is a lot more required to succeed, and you will encounter more tips, tricks and unique real estate marketing techniques in this article.

Is there anyone in your town that doesn’t recognize that you buy homes or that you are a real estate professional? If so, you aren’t performing as well at marketing or rendering real estate investing information about your real estate investing business enterprise as well you could be. I find out real estate investors telling all the time that they aren’t receiving seller phone calls and subsequently aren’t receiving the leads they need to find the real estate business deals they require to earn a living. I say increase the marketing and the sellers will Call. Not only that but if you are canvassing the world (or at least your area) that you buy problem real estate holdings, eventually you will be acknowledged for what you do and sellers will telephone you strictly on your reputation. this is what is called cost effective marketing.

One real estate professional was in a home, garden and hardware store a few calendar weeks ago and went past a couple of guys in an aisle. A conversation was heard while he walked by, I overheard one state, “That is the real estate man”. Now I had never known either of those men and have no idea who they are but that experience lets me acknowledge that I must be doing my business at letting the world to recognize my business is buying real estate in that area. There are many ways to let the area know that you are in the real estate investing profession and getting information out there that helps people realize you buy foreclosures, distressed real estate, do real estate short sales and have got a lot of real estate information and experience to flip properties. Some methods are cheap and some are more expensive. You are going to have to attempt many things and acquire a feel for what brings about for you the best results in your region to get the calls you require to transact real estate deals. I have tried many forms of marketing methods for real estate commercial enterprises of all varieties and have come back to a few that consistently create enough leads for me to purchase the 2 or 3 real estate holdings and houses I want to purchase every single calendar month. They are as follows:

Classified Ads

The classified advertisement in the most prominent newspaper in the region is by far the heaviest producer of leads for local real estate investors that I have determined. I understand it is costly and I understand there are instances it does not generate phone calls but if you are going to persist in the real estate investing business sector just place it in there and leave it. Get used to it making up part of the toll of performing the real estate business. You may expend about $350.00 a calendar month for my 4 line ad and that is the commercial range. I’d consider running it 365 days a year to constantly cue everyone that you are a real estate professional and you purchase real estate in their region.

Over the past few or so years I have watched many “real estate investor” ads come and go. Most folks put them in for a many or even just a couple of calendar weeks and then remove them or try just placing them in on the week ends. Real Estate Marketing just simply does not work this way. Put your real estate ad in the paper and leave it in there. It will more than make up for the price, trust me, and you will see after you finish your first deal. If you are distressed because there are real estate investors ads from many other investors in there, don’t be. They are there because they are getting responses. Just be sure to and actually answer your cell phone and keep it on all the time otherwise you’ll be squandering money.

When a fresh ad for real estate investor information shows up in my newspaper, I will always call on the advertisement. 9 times out of 10 I get a message device or answering service. This is a significant turn off to somebody who needs a resolution to their real estate trouble now. They want to speak to a person who can quiet their anxiety over their current issues with their home and tell them everything is going to be ok. Your answering device won’t do that, they need a human being. As for what to put in the advertising, you will have to work on this one. I have tried various idea and the one I have now hast not changed for over 4 years. I haven’t switched it because I get responses. My ad is:

We Pay CASH FOR HOMES In 24 Hours! Any area, price or condition Call xxx-xxx-xxxx

Now I have had other real estate professionals jockey for place and interchange their ad copy to be leading of mine in the column but it has not made whatsoever difference, at least as far as I can discern. Don’t worry about those things, just get the advertising out there and leave it. It could possibly take a bit of time, perhaps a several weeks to get going but sellers will telephone. As soon as you have your classified advertising running, then you should start working on your other marketing techniques right away. If you only go through one idea a week, within a few weeks or a couple of months you will have a significantly powerful real estate purchasing process.

Ads in the “Freebie” Papers

You might also run advertisements in the freebie papers in your local region or the region you want to conduct real estate investment deals. These are the “Thrifty Nickel”, or whatever they are named in your region. We run both a column ad and a display in this newspaper and expend about $175.00 or so a calendar month for these ads. They pull in seller leads reasonably well and have always rationalized the costs. Remember that these guys are usually open to talking terms on your rates and you will probably get a better rate if you commit to a longer advertising agreement.

Bandit Signs or Road Signs.

Bandit signs are great. They are some of the best lead producing tools around. I have yet to put out a bunch and not be bombed with calls right after I arranged my marketing. I just don’t position them out that often. I might place out a few to a half dozen or so a calendar month and the ones that continue and don’t get taken down continue to pull in phone calls. At an average price of less than $4.00 per sign, they are one of the greatest real estate marketing and advertising values available. Check the net for sign manufacturers for discount signage costs. I use 18 x 24 signs and set them at high traffic crossings around the town I wish to purchase houses in.

I also position a sign in the front yard immediately after purchasing any house. I have purchased several homes in the same regions as a result of marketing this way.

You can either use wood stakes or the wire stakes with your signs. I like the wood stakes because they do not bend like the wire ones, in addition, they are more less expensive and you can find just about any reasonably sized stick of wood or stake at your local hardware store for a really good value. Just get long lengths and trim down to fit. Then just nail the sign to it with the roofing nails with the orange or green plastic tops or you can use screws. There are many variants on what the wording on the sign can say. Keep in mind that traffic will be moving so you want to keep your message short and simple so it may be read. Plus your telephone number must be big, large and easy to read.

If you search the sign advertisement content, you will discover that it is same resemblance my paper ad. I like to brand my advertising because I believe that helps with identification that is probably why the two guys noticed me as a Real Estate Professional..You want to have contrast, so a white sign with dark blue letters usually is the best draw. Some folks swear by black on yellow or black on orange. Again, I say it’s not what or how you say it rather simply that you’re out there marketing and placing out signs that counts. You’ll build a ‘brand image over time if you stay logical with your real estate marketing endeavors. When dealing with bandit signs, be sure that your local code enforcement laws are aware of them. In some areas or counties they can lax on them but a few miles down the road in another county or city, they can be super strict and will ticket you in a minute, pull the signs down and lead off looking for your next posters to go after you again. Some retail merchants in high tax areas can’t put out any A board signage without having them sized and then fined.

Flyers and Bulletin Board Postings

Flyers and related collateral are another cheap way to get the word out that you are a real estate investor buy property, foreclosures or distressed properties. Just create a flyer with any one of the free on-line flyer software internet sites telling people that your are a real estate investor and how to get in touch with you. Make copies for few cents apiece and you have some really inexpensive real estate marketing and advertising. It really is that simple. Then place these flyers on every bulletin board in your Town or region you would like to buy your property, foreclosure or distressed home.. I also recommend that you place some of them in those plastic sheet shielders so the rain won’t ruin them and put them up on phone poles around neighborhoods I like to buy property in.. While not as prominent as the bandit signs, on poles actually in the neighbourhood they still attract phone calls. I carry a file with me in my automobile and put them up whenever I stop at a grocery store or major discount shop or really wherever. Some of the other area to put them are:

· Laundromats
· Taped to the inside of telephone Booths.
· On the counter of any business organization that will let you place them at.
· Bulletin boards at any local or major rebate store (lots of traffic)
· Grocery store bulletin boards
· Fax to Mortgage agents, call first
· Fax to Real Estate Agents, call first and they may get a lot of these.
· Take them Door to Door in target regions
· Employment centre Bulletin board
· County Courthouse or public office Bulletin board

These are just a few illustrations. Any place that will allow you to set one is a good place. You can never let too many people know that you are a real estate investor and are in the foreclosure market.

Imprinted and/or Promotional Items

Optimum Real Estate Investor Marketing Ideas – These no-lose ideas are sure to get you top hits on leads and calls for your Real Estate Investing occupation.

These are some of my favourites and most fun. While they are not the top producers of leads or the least costly, they will sure position you apart from the average investor.

Pen Knives – These tiny Swiss army knives are the neatest things. They are actually key chains etched with your content, mine being: WE BUY HOMES – All cash or take over payments within 24 hours! Call xxx-xxx-xxx I assure if you give one of these to somebody they will hold on to it it and if they conceive of selling, they will think of you. They are about $1.75 each.

Key Chains – I give these to all my buyers with the keys to their new house on them and leave them all over the place. They come in the shape of a house or #1 or whatever style you like and have your message on them. You can guess what mine says. Cost – about $. 25 cents apiece.

Pens – I use these all the time. Whenever I sign a sales receipt or anything I leave my pen. I cannot tell you how many outcries I have gotten off of these things and since I often need one, I always possess one to give away. My attorney even has a supply on his closing table. I possess two types printed. One for sellers says “We Buy Homes!” and one for buyers says “Everyone Qualifies”. Cost – about $.26 cents per unit.

Coin Holders – These you hardly find anymore so everyone is surprised when I have them. I leave these things everywhere. Mine are bright yellow with blue letters and my message. Cost – about $.30 cents apiece.

I leave all of these promotional items everywhere, on the top of gas pumps, on end-cap displays in grocery stores and in department stores. I look at it this way, if I give away 100 pens, 50 knives and 50 coin holders a month, that is only a little over $100 bucks a month. That is still cheap advertising. And with the money you can make in a real estate deal, it is ‘no cost’ marketing strategy. You can get any of these promotional advertising products at many major promotion marketing manufacturer, and you can find companies online as well.

Immigration as a Success Factor in Middle Eastern Real Estate

For quite some time, no one has ever imagined a booming real estate industry in the Middle East. It is a common knowledge that the Middle East is desert region. Not much residential areas are tilled and developed. But it is also a common knowledge that commercial centers abound and are expanding in the region as more and more corporate businesses thrive in the area.

Through the years, the number of people immigrating to the Middle Eastern countries has been rising. You may be wondering where those immigrants are locating once they settled in the region. Though the land area of the desert is not shrinking, the land area of the existing commercial and residential areas is expending. Tall buildings are rising, adding more land area though there is no need to expand area across the desert.

Thus, this development is an indication that indeed, immigration is an important key in the further advancing and development of the real estate industry in the region. Most countries in the region are indicating that the volume of immigrants each year is rising, as well as the real estate industry.

The United Arab Emirates, particularly Dubai, is one specific area in the Middle East that is enjoying a real estate surge due to increasing immigration. To understand the real estate situation in the whole of the region, it would help if you would get exposed to what is the real score within the Dubai real estate industry.

Through the years, Dubai has established itself as having one of the most expensive real estate assets in the whole world. Many people are wondering how this is so, when Dubai is practically also a place where deserts are taking greater land area. The answer is due to the rising corporate industry, which is somehow making up for a rising immigration.

As many offices and businesses establish presence in Dubai, it is just logical that most executives, workers and staffs are immigrating and coming from other countries. Thus, this way, the immigration volume is somehow increasing, making the demand for commercial and residential space rise up. You know that in the law of supply and demand, if the demand rises, so is the price. Thus, property prices are always high in Dubai.

The same is the case in almost any other nation in the Middle East. Saudi Arabia is no different, as well as Jordan, Qatar and the rest. With the continuing rising number of immigrants in the region, there is hope for the real estate industry. It is very practical that these days, real estate in the Middle East is not just thriving. The industry is also one of the most sought after and highly profitable in the world.

No wonder. The construction sector in the region is also thriving directly with the real estate industry. That is because real estate in the area translates to office and commercial spaces. Investors can very much see the region as a haven for future real estate investments.

Charlotte North Carolina Real Estate

Charlotte is one of the quainter lands within North Carolina. This region was established 250 years ago by Scottish and Irish immigrants and is a conjunction of two different cultures. This region has two popular lakes, Norman and Wylie. The property around these lakes is considered to be valuable in Charlotte.

The entire town of Charlotte is divided into nine zones – uptown, northeast, east, old south, new south, southwest, northwest, Lake Norman and Lake Wylie. These divisions are based on the properties located in these regions. The lakes Norman and Wylie have some very expensive properties on their banks, having average values of $369,000 and $315,000 respectively. The region of old south in Charlotte still has old style Victorian bungalows and is a competitor to ‘the most expensive real estate in Charlotte. It also has properties averaging about $326,000. The northeast region of Charlotte is the least desirable property, mainly owing to a mixture of old world charm and a business center side by side. As it is easily accessible to highways 1-77 and 1-85, this region is bustling with traffic y. Properties in northeast Charlotte can be obtained at as low as $155,000; almost half the value of lake property.

Charlotte has a large number of exclusive buyer agents. These agents do not get their commissions from sellers, but from the buyers. Therefore, they are interested in securing as low a price for the buyer as possible. Most exclusive buyer agents within North Carolina are members of the National Association of Exclusive Buyer Agents.

To Invest or Not to Invest – Dubai’s Dilemma in Real Estate

Readers who scroll through hours upon hours seeking an answer to the dilemmas of Dubai Real Estate Investing are familiar with its challenges. The United Arab Emirates sits at the coast of the Arabian Gulf with a rich history that is interspersed with trade, oil, industry and property.

This history is surpassed by a future that promises a landscape fit for expansion and investment. But the dilemma of Dubai Real Estate Investing in this region has sparked a great deal of doubt over its feasibility. The time has come to put such matters to ease and declare the UAE as not one of the best, but ‘the best’ place to invest.

To begin with, the UAE has consistently shown its prowess as an investment destination gaining the title of the 13th Most Promising Home Economy for Investment in 2017-19. The region is expected to attract more than $1.8 trillion in global investments in 2018 (a 5% increase from 2017).

Due to its strategic position in the global landscape, it offers the Best Investment Opportunities by Top Real Estate Companies in Dubai. The UAE served nearly 2.4 billion market traders in 2017 within just five hours from recent Thomson Reuters reports.

The region is also the 3rd most attractive investment destination for those in infrastructure.

With more than a hundred smart city initiatives set to take effect as part of an elaborate plan for the upcoming EXPO, opportunities are abound for investors. More than a thousand government services have already been made smart in 2017.

REITs

REIT or Real Estate Investment Trusts in UAE are increasingly gaining commonality. The country’s REIT sector rose sharply in 2017 with a number high profile acquisitions such as the purchase of The Edge, Uninest and South View School by ENBD REIT.

While only representing a small chunk of the sector, they are expected to be a great way for small investors to enter the market.

The Freedom of Freehold Properties

The introduction of the Freehold Properties Decree in Dubai in 2002 was the first platform that allowed foreigners to buy, sell and lease property.

The Decree helped launch multiple projects like the ‘New Dubai’ area comprising of the Dubai Marina, Jumeirah Lake Towers and Emirates Living.

This helped advocate the growth of construction, architecture, engineering and other real estate services. With time, Dubai turned into a global hotspot for investments attracting the best and brightest.

High return on investment (ROI)

The ultimate purpose of any investment is to get more bang for your buck. The UAE commands an ever-flourishing real estate market that grows with its population.

Dubai real estate assets have generated a 120 percent return for investors in the decade since the global financial crisis. The region’s testament is substantiated with property investment in Dubai Real Estate being second only to investment in the Nasdaq Index back then.

During the first quarter of 2017, the Dubai Land Department reported AED77 billion (US$20.9 billion) worth of deals in the first three months of the year, up from AED54.7 billion ($14.89 billion) in January to March 2016.

Data for the same in 2018 showed a similar trend with transactions for the first three months totalling at Dh58 billion through 13,759 sales. This constitutes 9,092 sales transaction worth about Dh19 billion, 3,717 mortgage transactions worth over Dh30.6 billion, and 950 other transactions valued at Dh8.4 billion.

The first quarter also attracted 5,041 foreign investors making more than 5,000 transactions with a total value exceeding Dh10 billion.

Miami Luxury Real Estate Options For High-Net-Worth Individuals: Golden Beach Homes

Golden Beach homes are considered to be one of the top choices for high-net-worth individuals that come from many different places around the world in search for the finest luxury real estate options that are currently available within the Miami region.

If you are among the many property buyers who are actively seeking available luxury real estate options within the region, you may find Golden Beach homes to be among the best choices available on the market that will live up to the highest expectations in terms of modern luxury living.

Location

The town in which Golden Beach homes are found is located in the northeastern part of Miami-Dade County in South Florida. It is a community that is situated between the Intracoastal Waterway and the Atlantic Ocean which makes it one of the region’s top oceanfront community options today.

Being located near cities such as Aventura, Hallandale Beach, and Sunny Isles Beach, residents are given easy access to the many different attractions that each neighboring city has to offer which is usually an important aspect when it comes to high-net-worth individuals who are looking to take on the full experience of living within Miami.

Community

When it comes to the people that make up the actual community, property buyers will find that the town consists of a relatively small population which tallies up to less than 1,000 people in total, including numerous high-net worth individuals who manage to achieve the satisfaction they seek when it comes to everyday living which includes a guarantee of safety and security higher than any other community within the region.

Also, there are many famous personalities that have chosen Golden Beach homes out of the many other real estate options that are available in the United States. Some of these famous personalities include Benjamin Rose, Ricky Martin, Paul Newman, and even Bill Gates.

Given the high stature of the residents within the community, it is only natural to be able to expect outstanding living standards which are clearly an important aspect to consider for many of today’s high-net-worth individuals who are looking for luxury real estate options within the region.

Price Range

The fabulous selection of homes that can be found within the community are easily considered to be among the most spectacular luxury homes that can go anywhere from being a three-bedroom inland property to a twelve-bedroom mansion right by the ocean with prices that can range from $1 million up to $21 million on today’s property market.

A Steady Recovery for the Indian Real Estate Market

The year 2015 was not the greatest when it came to the residential real estate market. In fact the last three years have seen quite a few big names take hits when it came to real estate projects. Even popular locations for investment such as Mumbai and Delhi haven’t been able to shrug off this downturn but many analysts predict 2016 will lead to a recovery in the property market.

The major problem that the developers face is the time taken to sell off the apartments and properties. Though the duration of time taken to sell them off has grown over the past couple of years, this hasn’t turned out to be big problem since most projects take time to be completely constructed.

Ideally the turnaround time between the completion of a project and the sale of all the properties within them, should be as low as possible. This helps the real estate developer move on to the next project in the pipeline. According to analysts, a drop in the number of new launches has aided real estate companies in selling off their unsold inventory and has provided a chance for recovery of this industry in India.

The pick-up in the Indian real estate industry

For some cities in India, property prices have more or less remained stagnant for the last two years. In fact, industry analysts believe that the prices wouldn’t take on any corrections in the near future. A recently shared ‘Price Trend’ report by one of the largest real estate websites in India has evaluated eleven major cities in the country which included Kolkata, New Delhi, Mumbai, Bengaluru and Chennai, amongst others, where real estate prices are largely going to stay the same and that can only mean good news for property buyers.

Kolkata’s growth in the realty market has been due to a rise in office space transactions in 2015. Though most of these spaces have turned out to be large warehouses strewn across the city, the upturn may not be limited to just commercial properties in the near future.

While regular real estate industry giants are planning to provide more properties with greater facilities in the Garia and New Town regions, there are a few new players coming into the fray with their projects for Kolkata and its neighboring areas.

The New Town – Salt Lake belt is certainly one region which is seeing a large number of projects coming up thanks to the availability of space. This region is also one to look out for in the future for apartment and flat buyers, as both regions were selected in the initial list to set up ‘Smart Cities’.

While these regions didn’t make it into the final list, it does highlight the fact that the State Government is trying to ensure that properties being constructed, follow stricter norms while providing a sustainable future for the environment and hopefully also a strong show for the real estate market in Kolkata.

One of the leading players in the real estate market, Ideal Group takes pride in its rich portfolio of ongoing and upcoming world-class residential projects in Kolkata. The Group has truly embodied their tagline “Pillars of Trust” and won the trust of countless customers.

Bhiwadi Real Estate Receive a Healthy Round of Investments

Bhiwadi is one of top growing localities in the National capital region. This city is in the fast pace of modernization. The city is spread over 5300 acres of land with around 2700 large, small and medium scale industries in the region. Industries have said to flourish here and this locality has been in top of its game when it comes to commercial real estate. Industries in the region include steel, engineering, electronics, pharmaceutical, printing, food processing etc.

Bhiwadi also shares close proximity to another industrial town of Manesar. Manesar is close to Gurgaon and has become an investor’s haven in the past few years. This has translated to areas in Bhiwadi too. When you compare to other areas in NCR prices of plots in Bhiwadi are stil very reasonable.

“As Bhiwadi is on the highway and its infrastructure is improving by leaps and bounds, it is emerging as a place for people who cannot afford homes in Delhi or Gurgaon. Although it is 70km from Delhi, it does not take too long to traverse either way owing to the excellent connectivity it has with the national capital.” Devinder Gupta, MD of DGS Realtors said to Economic Times.

This tier II city has also noticed a demand for flats for sale in Bhiwadi. Residential real estate here is the key as there are many industries around and there are not enough residential projects to the growing demand for residential real estate in the region. The affordable housing projects and mid segment housing has garnered the maximum demand here. The income group addressed by the realtors here are also the ones who look for homes in affordable prices and smaller units to live it. Mostly this investment in centered on the fact the area is close to the industries which in the key employment centre in the region.

“The big advantage of Bhiwadi, and for that matter places on or near NH-8, is the ease of connectivity. The place has attracted a lot of industrial activity and provided scope for a boom in real estate. Another plus point of Bhiwadi is its flawless water-supply system. When compared to Gurgaon, the prices are very reasonable in Bhiwadi. It offers better facilities at a much more affordable price to the middleclass people compared to Gurgaon, Noida, Faridabad, etc,” Ajay Agarwal, Director of Avalon Group, said to Economic Times.

Industrial growth coupled with god connectivity has made many residents consider flats for sale in Bhiwadi. Rental market is also flourishing as a result of rapid industrial growth in the region. Many home buyers invest in Bhiwadi to earn rental income as there is a lot of demand for homes for rent in the region. This is also directly linked to the fact that there are a number of industries in the region. However the most priced investment here remains plots in Bhiwadi. There is a growing demand for plots for construction for residential township as well as for commercial and retail use.

South Florida Real Estate Recovery: Around 60 New Condominiums Set To Rise Across The Region

As the South Florida real estate market continues to push forward with its recovery, a series of new condominium development projects seem to be one of the main features which people can look forward to seeing in the very near future.

Out of all the regions within the United States, South Florida and its real estate market took one of the worst falls after the market crash that took place a few years ago. Soon enough, things started looking up as overall conditions improved substantially and the level of activity within the region increased with significant help from foreign buyers and investors who understand the value of real estate within such a prime destination.

South Florida has always been considered to be one of the most beautiful locations in the United States since it provides world-class beaches to a global audience who seek the luxury of a tropical paradise setting situated along the Atlantic coast of the region.

However, real estate opportunities have definitely been a major contributing factor, especially now that condominium development projects are set to rise from Miami to West Palm Beach as real estate developers are looking to bring in even more activity to the South Florida region.

Around 60 new condominium towers are set to rise within Miami-Dade, Broward, and Palm Beach which should provide an additional 10,000 units to the South Florida real estate market. With regards to the condominiums which remain unsold from the boom years of 2003 to 2006, an estimated 3,400 units are still available on the market as the majority of the condominium inventory has been sold off to cash-paying investors.

Nevertheless, there has been a lot of speculation regarding the outcome of what has yet to be seen across the region as experts believe that the South Florida real estate market could end up having far too many condominium options than the market can possibly sustain.

But despite these speculations, developers remain firm in the belief that the global audience of property buyers will be enthusiastic about the outstanding options that will be offered in the next couple of years, especially since most of these will cater specifically to the oceanfront luxury sector of the property market within the region’s top market, Miami.

If you would like to find out more information regarding the upcoming development projects that are set to rise within South Florida, you may contact a professional agent for further details.

Real Estate in Napa County Wine Country

Napa County is located just north of the San Francisco Bay area in California. There you will find some of the most beautiful real estate on gods green earth. Napa property used to be comprised of mostly farmlands that produced a variety of different crops. Today Napa Real Estate is home to some of the best vineyards in the world.

Since the 1960’s when the wind industry in Napa surfaced as one of the first rank wine regions in the world the price of Napa property has always offered a 100% return on its investment. That is good to know in the economic woes many are experiencing in today’s market. There are 788 square miles of property in Napa County. About 754 square miles of that is land.

The wine industry in Napa has exploded over the last two centuries. At the end of the 1800’s there were no less than a hundred and forty wine producing vineyards in the county. Four of the original wineries have managed to survive and prosper in this heralded Napa Real Estate region. They would be Shramsburg, Beringer, Charles Krug Winery and Chateau Montelena.

Napa Real Estate took a hit when prohibition was enforced in 1920. With no one to purchase their wine many wineries folded. It was not until after World War II that the wineries once again began to prosper and produce at a new level. As the vineyards prosperity rose so did the value of the counties real estate. The power of the grape swept the county. Napa County was the place to be.

The times have changed considerably since the pre-prohibition era. The Napa Valley Real Estate region now boasts some three hundred wineries. The wineries there produce a great variety of grapes. For example there is Cabernet Sauvignon, Merlot, Zinfandel and Chardonnay.

Millions of visitors from around the world visit Napa County wine country each year to taste the wine and explore the wineries. Whereas many other nearby counties have changed direction over the years and have allowed more and more land to be sold for commercial purposed; the Napa County Real Estate is has still managed to hold onto its agriculture roots.

The Williamson Act in California offers property owners in the state tax relief if they utilize their Napa County property for agricultural purposes. The landowners in Napa County took advantage of this in order to preserve land for wineries for generations to come.

It is true that the agricultural reserve has certainly interrupted residential growth in Napa Real Estate but new homes are still being built around the preserves. There are opportunities in Napa County Real Estate even in tough times. The $8,000 tax credit allowed by the new stimulus package has opened the gates for many buyers who were once renting. The outlook in Napa County could not be better. Many new homeowners will drink to that.