Real Estate Update

Archive for the ‘Business’ Category

Wilmington North Carolina is one among the 20 most financially advanced cities in the United States. It is thus a quite appropriate city to be chosen if you want to establish any type of money-making endeavors, especially real estate business. In Wilmington NC, you can always enhance your real estate business as expansively as you want because there are many real estate franchisees that you can make a deal with. You can thus find a trustable partner for your Wilmington NC real estate business when you want to sell a home, buy one or mortgage one. However, to be able to get lucrative and satisfactory outcome from your real estate business in Wilmington, you must make sure that the partner with whom you perform your business is trustable and reliable.

Among various famous real estate companies that you can find in Wilmington, Century 21 can be regarded as the most elite one. Therefore, if you want to perform a real estate transaction in this city, it is recommended that you hire a franchisee of this real estate company. In Wilmington, Century 21 Sweyer & Associates can be considered the most trustable partner that you can cooperate with during the accomplishment of your real estate transactions.

Once you’ve been determined that you will use the real estate business service provided by this franchisee, you can start to check out the Wilmington NC real estate listings which you can observe at its website. You can start to search for real estate properties being sold using a user-friendly form provided at the website. You can filter the properties that you want to buy according to their price ranges; the number of beds and rooms that they have; the type of properties including single family homes, condos or townhouses, mobile homes, land properties, foreclosed homes, and short sales; their address; and their nearness to facilities such as school, office facilities and marketplaces.

 

 

CALKAIN REALTY ADVISORS OPENS TAMPA, FL OFFICE
EXPANSION FOLLOWS DEMOGRAPHIC GROWTH IN THE SOUTHEAST

 

Tampa, FL – Calkain Companies, a national real estate investment brokerage firm, has expanded its presence into the Southeast markets by opening an office in Tampa, FL.

 

David Sobelman, Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, will handle the day to day operations of the Southeast expansion.  “We are seeing more and more development in Florida and the Southeast markets and knew that we should have a physical presence in the area to better serve our existing clientele and growing client base,” Sobelman stated. 

 

With the United States Census Bureau stating that there are roughly 1,000 new people moving to Florida everyday, the development of new buildings, services, and infrastructure will need to follow suit.   “Income properties are hard to find, on a national scale, and savvy investors are looking for high growth locales to place their capital.  The Southeast United States is gaining more attention from both developers and investors,” Sobelman continued. 

 

Jonathan Hipp, Calkain Companies’ President, stated, “We knew when we opened our doors in 2005, that we would open an office in the Southeast.  Our developer clients encouraged us to fast-track the new office in order to allow us to service their interests in the region.  Additionally, our investment clients were continually seeking assets in the area and we knew that this office would only enhance the level of service we were able to offer.”

 

Calkain is a full service brokerage firm with a national scope focusing on single tenant retail, industrial, and office net leased transactions.  Additional information about the firm and its listings may be found at www.calkain.com.

 

Media Contact: David Sobelman, Vice President | (813) 282.6000

Grace Bay Realty, a real estate company serving the Turks & Caicos Islands and the exclusive affiliate of Board of Regents, Christie’s International Real Estate, Leading Real Estate Companies of the World and Who’s Who in Luxury Real Estate releases a new video on the Turks and Caicos Islands to share with the world.

http://www.youtube.com/user/GraceBayRealty?feature=mhum#p/a/u/0/_wfSlkPpb7o

Mr. Lyle Schmidek, broker/owner says “As ambassadors to the Turks and Caicos Islands it is vital that we share with the world what the secret is that keeps us as unspoiled and naturally beautiful as we are”.

Ms. Beth Akins reiterates his sentiment and adds “What we enjoy in the islands is more than enough to share with those looking to make a meaningful contribution the the growth of this nation”. 

With new gateways continuing to open up as a result of the Providenciales airport runway expansion Grace Bay Realty feels it an essential necessity to share with the world more of what the Turks and Caicos Islands is all about.

Breathtaking beaches with the sand between their toes

Powdery white sand blowing from their hand from the gentle trade winds

Watching the nourishing sunrise or sunsets over turquoise waters

Basking in the richness of doing nothing in silent meditation

 

The Turks and Caicos Islands for ‘those who know’ is serenity from changing times… a safe haven along with endless sunshine and good healthy living

Did you know… the Turks & Caicos Islands wins at least one award every year for the world’s best beach or sun destination?

 

Since 2002, we have seen a bull run. A similar trend was seen in 1992. From the year 2002, this is the 5th bullish year. In 2001, if we would have talked of such rates, people might have laughed. But now we have seen such prices in reality.

We shall try to look at all the factors, which have contributed to such tremendous growth

* Demand for residential property is still prevalent in India and it will remain the same even for the next decade. So, there is no real problem with demand.

* Bank’s credit policy is still investor friendly, the interest rates have gone a little northward. Like ICICI currently raised the interest rates by 0.1 per cent. So, housing finance is not as favorable a factor now as it used to be.

* IT & ITES industry is still booming and with the last quarter results we can see no problem with IT & ITES industry in the coming years. In fact, IT companies are making huge investments in their infrastructure and that is good for real estate industry. The industry is moving towards owning the office space rather than leasing them.

* Big cities have reached their saturation. We can see state government developing the smaller towns like Karnataka, Hubli and Mysore as next IT hubs.

* All the other sectors are still doing well but price increase in cement and steel with very limited supply is a worry for the real estate market.

* Increase in first time home buyers and decrease in the average age to buy the first home has bought more residential demand.

* Changing lifestyle and the raising standard to living has provided condominium living a preferred choice, which has given a boom to the realty investment.

CASE STUDY: Market Trends- Delhi NCR Real Estate Market

* Commercial and residential real estate market

* Commercial Real Estate Market

With NCR becoming a preferred destination for MNCs for their requirement of Office spaces, the demand for Commercial Real Estate is escalating every quarter. Statistics reveal the positive growths of the demand in the commercial real estate office. Hence, this has attracted the attentions of the all major developers. They are coming up with commercial complexes to cope up with the ever increasing demand for offices spaces in NCR.

Delhi National Capital Region in India has seen commercial Grade A space absorption increase by 42% in the first seven months of the year Close to 5.1 million sq ft. Gurgaon, in the first six months of the year, accounted for about 63% of the total absorption of commercial space with a total of 3.2 million sq ft. Rentals for legal commercial properties in New Delhi and its suburbs have risen following the drive by the Delhi Municipal Corporation to seal illegal constructions and is list is unending.

The real estate industry analysis for NCR especially by Cushman & Wakefield and other sources show that 75% of commercial space taken in Gurgaon in the past 2 years have been by IT and ITES companies. Analysis clearly shows that IT and ITES companies are the major drivers of commercial upsurge in the region. This can be further substantiated by the report in ‘ The Economic Times’ dated 04 Dec 06.

* Residential Real Estate Market

NCR Real estate markets are one of the most high activity markets in India and has seen highest ever capital values. The residential investment market for the first time in the last two years has seen reasonable growths. Thus the residential markets are going to sustain in future and demand is going to rise.

Tier II cities including Jaipur, Kochi, Pune, Nagpur, and Chandigarh have become the most promising investment destination as well.

The commercial markets are showing a great upsurge and the residential are stable for the last 4 months or so. I recommend a commercial proposition for a short to mid term duration which would further put back pressure on residential front in the NCR Realty markets. So for a long term proposition both commercial and residential would give a similar kind of return and hence both throw an equal opportunity for reasonable growths over a period of time.

* Primary and secondary market

- Primary Market

The trend of short term traders booking profits within a span of 4-6 months has weakened considerably. This has been replaced by more informed and healthy transactions led primarily by investors who are seeking long term positions or end users.

- Secondary Market

Resale market has been adversely hit in Delhi with major areas showing no growth or decelerating growth figuring it out to approx 10% as against 40% last time Suburban Gurgaon has shown a 30% growth in residential capital values this quarter. Due to high prices resale deals have come down by 30%.Though this trend has not had any significant impact on prices yet, it may have implications in the long run. The major reason for this drop in property sale transactions is because of the initial investors ¡X those who booked apartments by paying 10 to 15% of the total cost. They comprise, in most cases, cash-rich financiers, who make up 30 to 50% investor in any real estate project.

- Rentals

Have risen marginally varying from by 20-25 per cent depending on region to region.

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