Most expensive house in the USA is on sale now
Written on 30 March 2009 by infoWidow of known American TV-producer Aaron Spelling sales their family private residence in cost of $150 million It is the most expensive private apartment house, which has been ever on sale in the USA.
The area of private residence makes more than 5 thousand square meters, the adjoining ground area – 4,6 acres.
After sales of a private residence Mrs. Spelling plans to move live in two-storied penthouse in Los Angeles.
Mass in the real estate market
Written on 24 March 2009 by infoRecently considerable number of the unfair companies, specializing on tenancy of apartments in basic economy class, has appeared in the market of rent of habitation. Such information has been represented by Penny Lane Realty.
Experts mark growth of number of private brokers among there are many swindlers.
Besides, last months Penny Lane Realty experts have registered numerous attempts of frauds: not attentive proprietors lose handbags, credit cards, and cash.
Penny Lane Realty experts advise buyers and sellers to choose well-known real estate companies in order to avoid frauds.
Profitable real estate
Written on 17 March 2009 by infoElite segment of the market of the real estate will not face consequences of crisis. This fact was confirmed by data, received by Blackwood analysts.
Within last months of 2008 when Russia was included into an active stage of current crisis, the segment of elite habitation in Moscow showed the greatest stability. So, if, in September-December, 2008, the primary market in Moscow has decreased on 8 %, elite new buildings for the same period have lost hardly more than 2 %.
Such stability of elite segment is connected with specificity of the product: elite habitation – is a limited exclusive good, and demand for it is always stable.
The further price correction is possible in all segments; however, the elite segment will remain the same within the long term. Level of prices correction in elite segment will be much lower, than the average level. Thus, the prices for the most expensive and exclusive offers will remain stably high.
Real estate becomes cheaper worldwide
Written on 11 March 2009 by infoResults of research, published by company Knight Frank, testify that essential influence of crisis of liquidity is felt in all real estate markets.
During October-December, 2008, reduction of prices on the inhabited real estate objects was observed in 80% of countries, participating in research, in 4 quarter of 2007 this indicator made 27 %.
Knight Frank’s report it is spoken that in seven countries prices have grown more, than on 10 %, average values have started to decrease already in six of them.
During 2008 the cost of the inhabited real estate in Dubai has grown almost on 60 %, nevertheless, experts believe that the great honor of this gain can come to current year. From all countries Latvia has shown the most considerable falling, both annual (-33,5 %), and quarter (-16 %).
It is obvious, that all real estate markets in the world will face consequences of world financial crisis though influence degree will be unequal.
Inflow of investments to foreign countries will increase in 2009
Written on 6 March 2009 by infoAccording to MIEL Distant Property Management in 2009 inflow of investments to foreign countries will increase, in comparison with last year.
Experts consider that in short-term prospect the most stable real estate markets of France (Azure Coast and Paris), Italy and Cyprus will remain without changes. There practically there is no reduction of prices, and in some areas even small growth remains. In intermediate term and long-term prospect – Turkey, Egypt, Croatia, Czech Republic and Spain have more chances.
MIEL Distant Property Management focused special attention on the real estate markets of Czech Republic. According to MIEL-DPM analysts, the price for the real estate objects in the country have changed a little in comparison with summer of 2008, and sharp falling of the prices was not observed, therefore investment in the Czech real estate objects is one of the most reliable and stable in Europe.
It is necessary to notice, that the prices for the real estate in the primary market of habitation of Prague is much more lower, than on already constructed objects.
The majority of apartments in new buildings of Prague is on sale with parking places and subsidiary premises and their price is already included in a total cost of apartment. Getting a new building in Prague at the first stages of building, the buyer has also a possibility to change furnish and a lay-out of got habitation without any state permissions.
John Laing Homes has gone bankrupt
Written on 24 February 2009 by infoThe second-large building company of the USA – John Laing Homes, bought by Dubai developer Emaar Properties, has filed for bankruptcy.
John Laing Homes portfolio has 105 real estate projects in states of Colorado, Arizona, Texas and California.
Company’s agents prove that bankruptcy process will help it to reduce debt loading and will allow carrying out strategic reorganization.
Difficulties have begun caused by crisis in the USA. Within last several months John Laing Homes has dismissed more than thousand employees.
Experts: crisis is favorable for commercial real estate retailers
Written on 18 February 2009 by infoAccording to Blackwood experts, the service, which allows changing already signed terms of loans, will enjoy great popularity soon. Offered options of a package will allow the companies to cut down expenses on rent of premises.
Tendencies of commercial real estate market development show favorable business environment. Growth of quantity of offers and appreciable prices reduction in segments of the commercial real estate forces the majority of realtors to correct the rent rate.
In terms of the falling market each company searches for ways to save on expenses. It is obvious, that for the majority the predominating role is played by economy of money resources rent of the areas. Thereupon advisers suggest tenants to use options of offered package deals as favorable as possible.
Moscow: business class apartment for $256 thousand
Written on 12 February 2009 by infoCompany “Miel-new building” offers potential clients special offers real estate objects in new business class complex «Skye the Fort».
For an example, you can buy the apartment (82 sq. meters) for $256 thousand that is much more favorable than other offers of similar level. According to the offered terms, the special prices are valid at 100 percent payment.
The deviation of prices for apartments in inhabited complex makes from 100,42 thousand to 170,739 thousand rubles for sq. meter.
In total it is planned to construct 2,118 thousand apartments by a total area more than 208 thousand sq. meters. The buyers are offered 1, 2, 3 and 4-roomed apartments by the area from 50 to 140 sq. meters, and as two-level 5 and 6-roomed apartments (188 sq. meters).
Prices for houses in Britain have fallen in January
Written on 28 January 2009 by infoAccording to analytical company Hometrack, the price for houses in the Great Britain have fallen on 1 % in January and now they are on 9,4 % below, than it was one year ago.
Prices have decreased on 10,2 % from the record level, reached in August, 2007. Hometrack assumes that this year prices for the real estate will fall on 10 %.
In average in January term of sale of houses in Britain has increased till 12,3 weeks from 12 weeks in December, and percent of the transactions, accomplished under the required price, has fallen up to 88,3 % from 88,9 %.
New York Times will sell a part of office in New York
Written on 28 January 2009 by infoCompany New York Times negotiates for sale of a part of the head office located on Manhattan in New York.
19 floors of a building with which the company also uses, instead of six floors, are on sale.
Earlier it was informed, that New York Times has got support of Mexican media magnate Carlos Slim Helu, who has agreed to invest $250 million in the company.
