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East Delhi comprises of localities like Anand Vihar, Dilshad Colony, Indirapuram, Lakshmi Nagar, Mayur Vihar, Patparganj, Shahdara, Vivek Vihar and various others. It is bordered by Uttar Pradesh regions of Noida and Ghaziabad. There was a time when East Delhi was considered to be the most underdeveloped region of Delhi, inhabited only by members of the low-income group. But today, due to constant efforts of State government, the whole eastern region of Delhi has been transformed into a decent and developed area. The beliefs have changed and property market of East Delhi is now among the sought after destinations.

Just few years back, no one even considered buying property or investing in real estate market of East Delhi. It offered none of the basic facilities of quality education, healthcare facilities, entertainment zones, etc. making it the least preferred residential area. But gone are the days when it was known for its clumsy visage and overshadowed buildings. Rapid development of East Delhi has led to creation of better roads, well established residential and commercial spaces, shopping malls and temples. It has seen immense development in last three years with number of multiplexes, malls, amusement parks, entertainment zones, township projects, etc coming up.

East Delhi has now established its presence and is counted with regions like Ghaziabad, Noida and Greater Noida. Akshardham, Sanjay Lake, Uttara Guruvayur Temple, Gandhi Nagar and Laxmi Nagar Markets are some of the main attractions in and around East Delhi. These places hold high importance as they help encourage tourism in the region. Such developments have uplifted the overall standard of living and will continue to do so in the coming years.

The property prices in East Delhi have doubled and even trebled in just a matter of few years as leading property developers are eyeing them. Real estate developers feel that this surge in East Delhi property was expected due to the rapid development of Tier-II cities across India. The increasing economic potential of this Trans Yamuna area is now acknowledged by corporates and property developers. With the aim of building social infrastructure and good living, large numbers of schools and hospitals, shopping malls, family entertainment centres, etc are being constructed. In fact, one of the largest malls in India, Shipra Mall is located in Indirapuram, developed by Shipra Group. Various houses, apartments, offices, shops, etc are also being opened up in both residential and commercial sectors.

One of the reasons for East Delhi’s increasing popularity and growth in real estate demand is its proximity to most of the important places and cultural centres, particularly in Central Delhi and New Delhi. With the new Metro route connecting eastern suburb of the capital to rest of the Delhi, property prices are all set to reach a higher magnitude.

Delhi’s Chief Minister, Sheila Dikshit has inaugurated four new road projects barely a month ago. This project of Rs. 412 crores includes flyovers, a bridge and an underpass. Further plans aim at rehabilitating slum dwellers of at least 1700 slums by providing them with more than 4 lakh flats. In addition to this, the government plans to build second Bus Rapid Transit (BRT) corridor in East Delhi between Karawal Nagar and Shastri Nagar. Moreover, projects like residential complex Antriksh Greens, the Akshardham temple complex, construction of the Commonwealth Games Village and the proposed cultural centre on the lines of the India Habitat Centre are surely going to take property prices to new heights.

The demand for property in East Delhi has grown so high that there is a crunch and market is blocked. Real estate agents express concerns over no properties being available for sale, the only hope comes from renting needs.

The constant flourishing of property demand suffices to exhibit the growing value of the new hotspot, East Delhi.

The best place to invest in Europe Real estate Romania has proven to be a safe place with high capital appreciation especially in the Bucharest area. Romania is currently undergoing major infrastructural developments which will see further capital growth all over the country. “The growth trend is expected to carry on for the next 5 years” says Damien Thiery from Romanian Properties Ltd, who adds: “Romania joining the EU January 1st 2007 along with the development of tourism on the Black Sea coast and in Transylvania, will prove that Romania in the years to come will have one of the fastest growing economies in Europe”. The “Super Highway” between Constanta and Budapest which will go through Bucharest and Brasov will be a critical element in securing Brasov’s role in Eastern Europe on a long-term basis. Not to mention that low cost airlines will soon fly to several cities in Romania lead by Wizz Air who has announced scheduled flights from London Luton to Bucharest in January 2007. British citizens are increasingly purchasing properties in Romania – Romania property either as investment in Romania or holiday homes.

Where to buy in Romania

The scenery in Romania is stunning and unspoilt, the cost of skiing is very low compared to the rest of Europe, the coast is superb and the Romanians are very welcoming. As a pure investment or even as a holiday home or apartment, Brasov in Transylvania offers one of the highest potential returns as its location near the ski resorts, its infrastructural developments (new airport to be completed in 2008, “Super Highway”), and its lovely traditional town center makes Brasov one of the most sought after locations in Romania. Romanian Properties Ltd currently offers the opportunity to purchase off-plan apartments in Brasov built to Western-European standards at 900 Euro/sqm. The coast and its sandy beaches will see a high development of tourism from Western Europeans who are only starting discovering the beauties of Romania. The investments in Bucharest (shopping centers, off-plan, resales) started a few years ago, and as such the prices have already gone up in and around Bucharest. The potential, though still substantial, needs to be assessed very carefully. Prices are very cheap in rural areas but you need to be prepared to spend some time and to have renovation expenditures for your property for sale in Romania to achieve British standards.

Steps to buying in Romania

Doing your research as well as finding a well-established agent based both in Romania and in the UK are key when purchasing in Romania. No capital gain tax when selling your property 3 years after the purchase of your property makes your investment in Romania worth while. You will need to raise the cash as mortgages are currently not available yet to foreigners. Should you wish to buy a villa or a plot of land in Romania, you will need to set up a company which is a very simple process – your estate agent should assist you with it. Purchasing a new or off-plan apartment can be carried out in your name without requiring a company formation.

What’s Next

Contact Damien Thiery from Romanian Properties Ltd (0870 224 2142) should you want any advise with regards to your property purchase in Romania.

http://www.romanianpropertiesltd.co.uk

“The housing market is falling apart! This is a horrible time to buy a home, or sell a home or even LIVE in a home!”
Have you been hearing a lot of news that sounds like this lately? Well, economists love, and I mean LOVE, to spread the gloom and doom. When the economy’s going great, they don’t get any attention. But as soon as the market changes, everybody’s listening to them again. So, when you hear all that bad news, keep in mind that it sells newspapers.
That’s certainly not to say the market hasn’t changed. It is still changing, in fact. But that makes investing in real estate all the more enticing, if you know what you are doing.
But here’s the skinny on investing in real estate. It is one of the best decisions you’ll ever make. And guess what? I’m here to tell you that this is actually a GREAT time to buy.
There are very few purchases you will ever make in your life that will actually increase in value while you are using them every day. These are called INVESTMENTS, and anyone that knows anything about investments will tell you that good investors are in it for the long haul.
If you are thinking about investing in real estate in the current market, as long as you choose a property that is worthwhile and maintain it well, it will reward you with plenty of equity over the years. If you are a foolish investor that just wants to get in and out and turn a quick profit, this likely isn’t the best market for you.
But if you are thinking of investing in real estate the smart way, using pragmatism and patience, this is a great time to buy. Prices have fallen on homes, and so have interest rates. So, you can lock in a mortgage at a fantastic rate and save money on your purchase price.
Prices will inevitably rise back up, and you’ll be sitting pretty with a great interest rate and extra profit from your amazingly discounted price. Since sellers often have had their homes on the market for longer than they’ve wanted to, they may be willing to cut you a deal. That’s all the better for you, and they will finally be able to get on with their lives. Everybody wins, especially your pocketbook.
If you are looking to buy a fixer-upper to rent out as an income property, this economy will benefit you, too. Because lenders are leery nowadays about handing out home loans to people with bad credit, and many people have lost their homes because their adjustable-rate mortgages went through the roof (literally), a surplus of renters is soon to hit the streets.
Just don’t be overly eager to flip your investment property. If that’s your intention, it might take some time before it sells in this market. But by all means, rent it out.
The economy might be cyclical, but history teaches us that investing in real estate is nearly always a great decision for the long term. Despite what the media tells you, today is no exception to the rule.

One of the primary reasons for substituting a book with the Internet is the search engine capability. However, real estate investing book has its own advantages. You can always go to online sites for information, but people who look for online articles do not have much time, so the information given needs to be compressed. On the contrary a real estate investing book would however present you with all your required information in a detailed manner.

The real estate investing book will help you greatly when you are looking for something that requires in-depth research. It is not advisable to go for every deal that you hear about. There are chances that you might not have the required expertise to handle it properly. In such cases, the real estate investing book can impart you the theory. Plus with a book in your hand you can read it in your leisure also.

A real estate investing book can contain a number of instances where you can compare examples that help you in understanding how to evaluate the data. You can get data from news as well as magazines. If you get news from National Association of Realtors, saying that the mortgage market is going to be improved in the beginning of 2008, then you can expect the sale of new home in the first quarter of 2008.

A real estate investing book would contain information on Real Estate License Examination. It would also help you in getting the names, addresses and numbers of trade and professional associations, title to real property, how the interest transfers are achieved in real property, tenants, landlord and much more.

One of the primary reasons for using a real estate investing book is because it gives you an idea about the law. You will find very few websites giving you as much of a situational advice, which is detailed at the same time, that a real estate investing book can give you. The impact of penal code or other statutes in your business is an invaluable piece of information that a real estate investing book can convey. 

Buying abroad and renting in Britain could well be the new trend for young property buyers living in the UK. This trend is being demonstrated by first time British buyers choosing Bulgarian property over the UK

Nearly one in four are now priced out of the UK property market altogether, so it’s no surprise that they are now considering alternatives that will give them that all-important first step without succumbing to the UK’s sky- high property prices. With talk of 100 percent mortgages, shared ownership schemes and 75-year loan terms, UK home buyers are looking to the Bulgarian property market to make their first home purchase.

The average UK house price is now in excess of £200,000 as quoted by the BBC and recent interest rate rises coupled with a bleak economic outlook have not aided the situation. The burden of a lifetime of mortgage payments is weighing heavily on young homebuyers’ minds. Added to this, a survey with National Savings and Investments showed that a massive 84% of 18-24 year olds believe that buying their first home abroad is more viable than buying it in the UK. The National Savings and Investments survey revealed that in London, 36% of first time buyers would consider buying abroad as an alternative to purchasing in London. .

Research from Quest Bulgaria Magazine indicated that the Bulgarian property market is still buoyant and looks set to grow even further. It seems there is no better time than now to invest in Balkan bricks and mortar. Despite this positive forecast, many first time buyers remain reluctant to actually put down roots in Bulgaria. This could be due to preconceptions about the country which include, fear of the language barrier, its reputation for being a haven for senior citizens and worries about employment prospects.

UK salaries are disproportionately low when compared to the rising house prices, so it is not unusual for British twenty somethings to opt for a life back home with Mum and Dad instead of venturing onto the property ladder. The high deposit and crippling mortgage of UK property ownership need not elude potential homeowners. A Bulgarian bolt-hole can provide a rental income and potentially build equity if the Balkan market performs according to expectation. The buy-to-let market is on the up in Bulgaria, which coupled with the country’s very low taxation of just 10% shows there is a huge financial incentive to make your first property purchase there.

Bulgarian property offers enormously good value for money and house prices are currently forecast to rise on average by 15% this year. If you’re banking on a quick return, look for up-and-coming areas in the process of regeneration. Similarly, improvements to transport links are usually a sure sign that an area is going up in the world. Low cost airlines tend to have a ripple effect on the surrounding areas of any airport they add to their ever-expanding routes.More and more people are making the most of long weekends and cheap flights for mini breaks overseas. Nowadays, it is normal for people to take frequent trips to second homes instead of traditional, single longer vacations. This broadens the scope for Bulgarian property investment with some regions enjoying both long summers and ski-friendly winter seasons.

Regions with the best transport links offer a compromise between buying for pure investment and full-scale relocation. It is financially possible to live and work between two countries. Working in London and then spending your weekends in Sofia or Varna is now perfectly possible. It’s worth bearing in mind that, under the UK’s flexible working legislation, parents with a child under the age of six and certain adult carers have a legal right to request flexible working hours. Even if you do not fall in this category, it might be worth asking your employer if you can work flexibly. An employer may only refuse a request from an eligible employee should there be recognised business grounds for doing so. With high-speed internet connections available in Bulgaria, employees can take the opportunity to work from their Balkan home.

The UK is awash with TV shows on property renovation, taking these elements and applying them to a Bulgarian home could pay dividends too. Many will agree that the UK property market is saturated with developers making renovation bargains thin on the ground. By comparison, Bulgaria is packed with potentially lucrative properties, from ready-made holiday apartments to serious building projects.

While Austin has continued to have one of the best real estate markets in the country, we will finish the year with lower sales activity, higher unemployment and real estate inventory levels, lower rents, and a deteriorating economy. Real estate sales are trending down, even with near 50 year low mortgage rates. Rents are following the same pattern.

Consumer confidence is very low. Consumers are holding cash and focusing on their immediate needs. This has impacted every industry. Though credit is harder to obtain, it is not the driving factor for the reduction in consumer spending. It is consumer confidence. Even if car dealerships are offering huge discounts and zero percent interest, consumers are keeping their existing cars and not going into debt for a car they don’t absolutely need.

We are seeing the same trends in the real estate market. Tenants are staying put and renewing their leases; homeowners are delaying home purchases on fear of job loss or price erosion in the real estate market; and it is getting harder to qualify for a mortgage as Fannie Mae changes its guidelines. For example, a borrower now must have a 740 fico score to obtain the best mortgage interest rate, assuming they have the down payment and reserves for a conventional loan.

For the past two years, we have consistently raised rents. This trend continued until the financial crisis hit us this fall. Many homeowners are not able to sell their homes at a desired price point and are forced to lease their homes and become landlords. Inventory of rental homes is at an all time high in Cedar Park/Leander and Round Rock areas.

We are dropping rents on all existing inventory. Properties priced below $1,100 month have weathered the storm better than higher priced rental properties. The most resilient rental homes are those priced below $1,000/month. Homes leasing at or above $1,200/month earlier in the early part of the year are now leasing for 10% less. As rents increase, the pool of qualified tenants decreases. We are also seeing tenants downsize and move to more affordable homes.

We have transitioned from a landlord market to a tenant market. Next year, we will renew most of our leases at the same price point and may drop rents to keep current tenants. I expect to see more rental applicants affected by job losses, financial troubles, and foreclosures as homeowners lose their homes and are forced to rent. I anticipate the days on market will increase as long as our inventory remains at high levels. Owners will need to look harder at applications to avoid long term vacancies.

Though Austin continues to have one of the best economies and real estate markets it the country, our unemployment rate has increased, and our real estate sales market is deteriorating. According to the Austin American Statesman, our unemployment rate was below 4% in early 2008 and 3.5% a year ago. It has now reached 5.0%. This is still below the Texas and national average. However, Austin is not immune from the national economic, mortgage, and financial crisis. November home sales were down 40% in Austin, a level not seen since 1997. Some areas were down almost 60%.

Long term, Austin will continue to have one of the best economies and real estate markets in the country. 2009 will be a year of recovery. Rents and home prices most likely will trend downward, and inventory levels will remain high. If the job market recovers more quickly, we will see the market stabilize. Now is a great time to purchase a home or take advantage of the down market.

If you have a current mortgage on a primary residence with a rate above 5.75%, it may be a great time to refinance your mortgage. Mortgage rates for primary residence are in the 4.75% range. Our office provides sales, leasing, property management, handyman, and mortgage services.

Article written by our Broker, Chris Warren, Smart Source Realty

Search for beautiful homes in Boise using our local multiple listing service for Boise Idaho real estate Jim Johnston. More than 5000 properties available to you with one simple click. Houses, apartments, condos and rural properties available. Articles on handling real estate transactions, real estate news, and mortgage and finance information for house purchase.Whether you are a first time buyer or an experienced investor, you will find useful information about how to choose the “right” property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed real estate decision in today’s market. A number of recreational opportunities are available in Boise, including extensive hiking and biking in the foothills to the immediate north of downtown.Downtown Boise is Boise’s cultural center and home to many small businesses and several high-rises, and has an array of shopping and dining choices. The City of Trees boasts one-of-a-kind museums and urban parks, a river flowing through the heart of the city and a 25-mile river front greenbelt. Located along the Boise River and nestled against foothills of the Rocky Mountains, our city offers many outdoor activities to local residents, from skiing at Bogus Basin Ski Resort to biking on the Boise River Greenbelt to boating at nearby reservoirs.The Boise area has it all – desert, rivers, mountains and lakes for hiking, camping, kayaking, river rafting, hunting and fishing. Idaho is a Rocky Mountain state with abundant natural resources and scenic areas. Idaho has two distinctive sections: Northern Idaho and Southern Idaho. Both are equally as beautiful and exciting, but each offers a different type of landscape.

“A number of new statistics and reports out now will be of interest to real estate entrepreneurs and home buyers in the Austin, Texas area. The Austin Board of Realtors is reporting that for the first June in five years, sales of existing homes in Central Texas have dropped. In fact, in June 2007, sales dipped 6% from the same time one year previously. Some suggest that the reason may be stricter credit regulations imposed by lenders after the collapse of the sub-prime mortgage market. The drop in sales occurred mostly in properties priced at $130,000 or less, which suggests to experts that the dip in sales comes from buyers who no longer qualify for loans from lenders who a few years ago would have gladly handed out mortgages.

In June 2007, over 9,000 homes were on the market. This represents an 8% rise over the same time last year. This number of homes on the market is the largest in a number of years. It looks as though the market is moving to a buyer’s market, although median prices continue to increase, at least so far. In June 2007, the median price for homes in the area was $191,050 in June, which is a 7% rise over the same time last year.

In other market news, Grubb & Ellis’ second quarter Industrial Market Trends survey is out and is showing that the net absorption in Austin’s industrial rental market during the second quarter of 2007 was over 2.6 million square feet. Entrepreneurs and investors take note. Vacancy rates in the industrial sector were the lowest in seven years after dropping 90 basis points. The 68.4 million-square-foot sector is now at 7.3% and over 1.4 million square feet are still being constructed currently.

According to Grubb & Ellis’ second quarter Industrial Market Trends survey, Austin has a low vacancy rate of only 3.7%, which is in the standard industrial product. The standard industrial product led all sectors in growth, with 1.8 million square feet. At the same time, rents increased $1.38 PSF compared to the same time last year. Asking rents rose from $0.66 to $7.75 triple-net per-square-foot-per-year (NNN PSF/YR). The survey reports that part of the growth comes from Samsung Electronics Co. Ltd., which opened a 30 mm NAND flash memory wafer plant in the northeast. The 1.6 million-square-foot facility is one of the biggest such facilities in the country.

The Grubb & Ellis’ second quarter Office Market Trends report further described the office leasing market in the city. According to the report, the market grew for the sixth consecutive quarter in the second part of 2007. The over 39.2 million square feet office leasing market now has an absorption level of 600,811 square feet. However, the vacancy rate overall in the city grew 20 basis points higher to 11.5 % by the end of the quarter. The highest vacancy rate was among Class-B office spaces, which had a 12.7% rate. Class-A office space had an 11.4 % vacancy rate. Class-C office spaces had a 6.8 % rate of vacancy. According to the report, rents rose from $1.25 to $25.88 per-square-foot-per-year as landlords increased rents over the previous records set in 2000.

Owing a home is a big part of the American dream. But not everyone is fortunate enough to become a homeowner due to delimiting factors such as insufficient income, bankruptcy, bad or no credit, loss of employment, etc. For people with such troubles, owning a home is a distant dream and some of these people resign themselves to a lifetime of renting. But such people are not without options. Rent-to-own, which is also known as a lease-purchase option, can be an excellent alternative available to some people who are currently unable to buy a home.
A rent-to-own or lease-purchase option is an agreement between a prospective home buyer and a home seller. The agreement is basically a rental contract with a right to purchase the property after a period of time (usually 1 year). When a home seller offers a lease-purchase option, what they are really offering is the option to rent the house at some monthly rate, and to lock in the sales price of the home now, even though the prospective buyer would not actually purchase the house until a later time (if at all).
Here is a hypothetical example. Let’s say the monthly rent for a home is $1700. Under a lease-purchase option, a prospective buyer would rent the home for the $1700 a month, but would also pay an additional premium (e.g., $200-$300) every month for the option to buy the home after a period of time (usually 1 year). So in this example, the total monthly rent is actually $2000, but $200-$300 of the money will be applied toward buying the house at a later time. In other words, the home seller would apply the $200-$300 extra paid every month toward the prospective buyer’s down payment at the end of the year.
The good news for prospective home buyers is that it allows them to lock in the purchase price of the home now, even though they are not purchasing the home until a later time. The bad news is that if a buyer decides not to purchase the home at the end of lease term, the seller often keeps the premium amount paid over the year, although this is usually a point of negotiation.
Prospective home buyers should know that many of the terms described above are negotiable such as how much the monthly rent will be, how much extra has to be paid every month for the option fee (if any), the length of the lease term, etc. The other issue to consider is if it makes sense to lock in a home purchase price now in markets where real estate prices are still declining.
When compared to renting, a lease-purchase can be an attractive alternative because it gives prospective buyers an opportunity to own a home before they normally would be able to. There are some advantages to a lease-purchase option such as:
1) Low or No Initial Down Payment. Many lease-purchase options do not require an initial down payment.
2) Equity Advantage. At the end of the lease term, the value of a home may have appreciated over time, which benefits the purchaser.
3) Living Experience. Prospective home buyers have the opportunity to try out a home and neighborhood before purchasing the property.
4) Leverage Advantage. With just a small investment, a prospective buyer can control a property; yet still have the option of not buying the home if market conditions don’t warrant it.
Rent-to-own or lease-purchase option can be an effective strategy to home ownership. However, there are both positive and negative aspects to this type of approach (as described above). A good real estate agent can help you navigate the complex world of rent-to-own and lease-purchase option properties.

Modest median price gains in new and existing homes, a stable interest rate on the 30-year fixed mortgage, decreased housing starts and a stable unemployment rate are some of the features of the 2007 housing forecast provided by major trade group economists as reported by The Inman News.
NAR chief economist David Lereah expects new-home sales to fall from 1.07 million units sold in 2006 to 975,000 units in 2007, which is an 8.7% decline. He cites decreased new home construction as a large contributing factor to this change. The median new home price of $238,400 in 2006 is expected to increase by 1.3 percent to $241,400 in 2007.
NAR also predicts that existing home sales figures for 2006 to end around 6.47 million units, which is an 8.6% decline from 2005. The 2007 forecast for existing home sales is 6.43 million units. The median price of existing homes in 2006 was $223,700 and is expected to increase 1.7% to $227,500 in 2007.
Doug Duncan, chief economist for the Mortgage Bankers Association predicts the interest rates on 30-year fixed mortgages to stay around 6.5 percent, but mortgage originations to fall 14% to $2.1 trillion.
While Lereah predicts that the unemployment rate to stay at 4.7 percent, Duncan takes it higher and believes it may reach 5.2 percent by midyear 2007. However, he concurs with Lereah in predicting modest home price gains in new and existing homes for the coming year.
The housing forecast of The National Association of Home Builders (NAHB) is in line with NAR and the Mortgage Bankers Association. According to David Seiders, Chief Economist at NAHB, the year 2007 will see the housing market re-adjust itself once the housing demand stabilizes, leading to a healthy balance between supply and demand.
Looking at the state level, the California Association of Realtors (CAR) projects that the median price of California homes will end 2006 around $560,700, and will decline in 2007 to $550,000 — a 1.7% drop. The number of units sold in California will end 2006 around 481,200, and is projected to decrease 447,500 in 2007. CAR predicts that the unemployment rate will stay around 5.1 percent, although interest rates on the 30-year fixed mortgage may hover around 6.7 percent in 2007.
The overall housing forecast for 2007 made by these four major real estate trade groups is not at all bad. Home buyers and investors planning to go ahead with their real estate activities can fare better with the help of a good real estate agent.