Month: August 2018

Looking For Residential And Commercial Property For Sale In Sharm El Sheikh

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The Red Sea in Egypt is one of the few places that completely capture your imagination and senses. It has a rich history that blends smoothly with some stunning natural beauty that makes this area a prime location for property investment. Investors from the entire world are looking at property for sale in Sharm El Sheikh.

What makes it so Desirable?

Property for sale in Sharm El Sheikh has become desirable because of the unique location of this region. Sharm El Sheikh is the place where Africa and Asia meet and has been the cradle of civilization for long. It has quickly grown from a sleepy fishing village to one of the most sought after resort areas in Egypt with a rich culture and diverse environment to boast of.

Properties prices here are higher than at other places. This resort has a huge variety of attractions for tourists. The deep blue sea, water sports, golf and desert quad biking facilities, camel driving all make it an exciting destination for adventure lovers. It also serves as a base for exploring the rich Egyptian culture and various historical sites scattered around. Property for sale in Sharm El Sheikh are a good choice because they are always in demand, have strong capital growth potential and good rental yields.

Sahl Hasheesh

Property for sale in Sahl Hasheesh has become red hot due to its increasing popularity as a incredible resort and tourist destination.
It is situated south of Hurgada, a popular Red Sea resort. It is spread over 12 kilometers of picturesque coastline, covering an estimated 32 million square meters of land.

It has the entire modern infrastructure to make it a top tourist destination. With superb golf courses, exclusive marinas, international hotels and entertainment complexes, it is comparable to any of the top resort destinations in the world. Quality and architecture have been highlighted here and great attention has been paid to the stunning architecture and various details.

Property for sale in Sahl Hasheesh is of many kinds, here you can choose from luxurious studios, apartments or spacious villas. This stunning resort has something to offer everybody. Property for sale in the Sahl Hasheesh embodies a sophisticated and luxurious lifestyle that so many people covet and dream of.
Whether it is properties in Sharm El Sheikh that you choose or property for sale in the Sahl Hasheesh, you can rest assured that you have made a wise investment decision.

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.

Why You Should Consider Using A Property Consultant!

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Property consultants work within the industry day in day out, and can provide you with detailed insights using their professional experience, and knowledge. There are numerous ways that a property consultant can be of use to you.
It is more than likely when looking for a property you will come across severable that you find suitable. Optionally you may find that your choices are limited or perhaps not in the location that you most desire. In any of these cases a property consultant will be able to help you narrow down your search or perhaps suggest alternative locations and properties that you might not have initially considered. This is where you will initially start to see the value of your chosen property consultant. They will ask you a number of in depth questions to help establish and your needs, wants and desires as well as any concerns that you may have. Questions such as number of family, pets and local schools are all common questions that help establish the type of property you may be looking for as well as the obvious one of the amount youre looking to spend. If you are a business looking for an office, a property consultant can help you find a suitable sized property in an area that is close to customers or perhaps key clients.

Once youve decided on the suitable property, they can also help you with negotiations which there will inevitably be. Allowing somebody neutral to perform the negotiations will certainly alleviate you of the high stress levels that are almost guaranteed when dealing with the kind of levels of finance involved in property. Your property consultant should be well aware of the market value of your potential purchase. The money you could save would certainly be worth the fee for their consultancy and it would also save you immeasurable levels of anxiety also.

The actual process and final purchase will also be smoother with a property consultant as they will have a plethora of contacts and will know the suitable personnel to perform a thorough job while also making the process as quick as possible.

It is quite clear that although with some research and plenty of time on your hands you could easily go without a property consultant; however with people living such busy lives these days, often working over forty hours a week, thinking you can do it yourself might actually turn out to be a false economy, not just financially but for your stress levels also.

Hike in Collector rates – Property market in Zirakpur suffers

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Hike in Collector rates – Property market in Zirakpur suffers Owning a property in chandigarh has become a costly affair as the collector rate and the fee for getting building plan approved has been hiked by the authorities. A common man who is thinking of owning a small residential house in this region is hit badly by the hiked collector rates. Imagine, before April 1st, 2011, owning a small six Marla (150 sq yards) plot could be accomplished with the payment of Rs 75,000 (as collector rates) as compared to Rs 1,35,000 today for the same. The buyer will have to also pay Rs 45,000 for getting approval for building plan. The information about the hike is drafted on the basis of categories focused on location, for example the location of the property in concern is on the main road, on the link road, their placement in the municipal limit of Zirakpur etc. Registration rates for the land on the main road have been increased from Rs 1 cr to Rs 3.5 cr per acre. Similarly, the land rates have been fixed at Rs 1.5-2 cr per acre for the inner parts of property in zirakpur. Collector Rates Zirakpur Property LocationsPrevious NEW Main Road ( Per acre)Rs 1 cr3.5 cr Agricultural Land in Inner parts ( per acre)Rs 1.5 crRs 1.5-2 cr Commercial Property ( per sq yard)Rs 9,000Rs 18,000 Residential plots in named colony ( per sq yard) Rs 5,000Rs 9,000 Independent residential plots ( per sq yard)Rs 4,500Rs 8,000 Building Map Fees Residential Plot SizePreviousNEW 50-125 sq yardsRs 80Rs 323 flat rate for all sizes 250 sq yardsRs 213 Commercial plots All sizes Rs 350RS 2,815

For commercial properties the rates have been increased from Rs 9000 to Rs 18,000 per sq yard. The rates in approved residential colonies have been increased to Rs 9000 from Rs 5000 and for residential sites without any name of the colony; the rate has been fixed at Rs 8,000 per sq yard.

Hiking and fixing a same cost for building map approval fees for all sizes of plots will have direct impact on the property owner of small residential houses as it was Rs 80 instead of Rs 323 per sq yard now. For commercial property, there is a substantial hike in the rates; it has been increased from Rs 350 per sq yard to Rs 2,815 per sq yard. According to property consultants, -an end customer / buyer in the region would opt for flats in developments instead of plots due to hike in collector rates and building map approval fees-.

Property Frontiers Named Best Large Agent For The Third Year Running At Prestigious Aipp Awards

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Last Friday leading international property agency Property Frontiers was awarded for the third year running the Best Large Agent Multi Country accolade at the esteemed 2012 AIPP Awards held at A Place in the Sun Live, Earls Court, London.

Attended by the best in the industry, the independent awards focus on customer service, reward excellence and professionalism and set new benchmarks for the overseas property market.

The prestigious award was presented by AIPP Chief Executive Professor Mark Sharp and A Place in the Sun TV presenter, Jonnie Irwin who relayed the judges’ comments on Property Frontiers award entry saying:

“A very honest entry. Lots of strong detail with a disciplined analysis process should give clients a strong sense of quality and reassurance. A good aftersales service and an impressive group of business partners.”

Ray Withers, Chief Executive of Property Frontiers remarks,

“I was particularly pleased to see Property Frontiers’ knowledge, professionalism and service recognised once again. Breaking boundaries and embracing new frontiers is at our very core at Property Frontiers and that extends not only to our investment properties but the way we do business – acting as responsibly in a largely unregulated market. I feel that this award is a true reflection of this achievement and our dedication to customers service and bringing the best thought through UK property investments to market. I would like to thank all our staff, partners and of course clients for helping us achieve this great accolade once again.”

Property Frontiers over the past 18 months has launched a number of successful products to market at home and abroad with one of their most successful being the best performing asset class around -student accommodation.

Already on their ninth project, The Paper Mill in Liverpool is set in a superb location between Chinatown and Liverpool One, just minutes from bars, restaurants and the shopping centre. The 19th century former papermill is imposing in its design and will accommodate 104 en-suite student rooms. Impressive for students and investors alike this project affords a 10% NET yield, assured in year 1 with a purchase price of just 48,000.

On the other side of the pond, Property Frontiers welcome to the stage a structured US property bond which allows investors to enjoy fixed returns of up to 17% by investing $50,000 as well as a completely hassle free investment as experts on the ground continuously assess the best properties to invest in across all 50 states. These properties are then acquired, refurbished and subsequently tenanted allowing investors to sit back and enjoy double digit rental yields.This US Property Bond sold out in record time but due to client demand another is due to launch shortly.

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