Numis Securities, a City investment bank, expects amateur buy-to-let landlords to begin “panic selling,” their investment properties as house values continue to decline in the UK, causing the average home value to fall below £100,000. Their recent report stated:
More on British Property Prices could fall another 55 percent
Things do seem to be hotting up in the investment property world, and I don’t mean burning down hot as seen in the recent Australian bushfires. Volatile is the word that comes to mind. As developers and agents try to combat falling prices, we are starting to see some interesting approaches. Most of Manhattan seems to be up for rent at the moment with luxury condominiums in Manhattan completely failing to sell.
An economics professor at the University of Chicago, Casey Mulligan, has just predicted that it is unlikley there will be a commercial property crisis, based on the fact that there was very little over-building in commercial real estate during the boom years.
Latest news from Dubai is confusing to say the least. At the one end of the scale, the Dubai government is canceling 1,500 work permits and visas a day as the slowdown continues and developers shed staff, at the other end of the scale, developers keep on putting our press releases claiming that it is business as usual.
More on News from Dubai Property Markets 1500 work visas a day being cancelled
With property values tanking in Dubai, Nakheel have now gone to the trouble of suggesting that David and Victoria Beckham “have shown interest in increasing their property portfolio in the UAE.”
Golden Homes Pvt. Ltd., over 16 years since its inception, has become one of the foremost real estate and developers in Chennai. Among its projects, there are several that have become a favorite among real estate investors in the city, are prime locations.
More on Real Estate Developers in Chennai – Golden Homes Pvt. Ltd
Sentinel, is New Zealand’s tallest and newest NZ$137 million luxury high-rise, and there could be some good deals on re-sales for the smart investor.
Located in Takapuna on Auckland’s North Shore the Sentinel is only recently completed and several cash-strapped purchasers have been forced to forfeit thousands of dollars in deposits because they cannot afford the new units they had contracted to buy.
With the incredible boom in the investment property market till a few months back, there have been a number of people who have taken the opportunity to add another piece of property to their list of assets. A large number of these are people who used to stay in flats (who couldn’t afford houses) and who have now exercised the option of buying themselves a cozy little home, which has the advantage of space, comfort and design/architecture of choice. After having moved out of their flats, a lot of these people let their investment work for them and let the flat out on rent.
More on Want to Rent Out Your Flat In Chennai ? – Things to do before you rent
Mumbai’s real estate bosses were forced to take some drastic measures to keep up interest in investment property in Mumbai after there was a slump in the beginning of July. The total real estate intake of the city was been left at just thirty percent of what it was. Ofcourse prices have been affected by this slump with them going done anywhere between 10 to 15 per cent in most places. Industry insiders say that this is also the case in Delhi.
