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The real estate sector in Bulgaria has a great potential. The demand for property in the country, and Sofia in particular, will continue to grow during this year. This trend is particularly valid for commercial and industrial property, as well as for office and residential buildings, since Sofia is rapidly growing in size and population and needs modern commercial, industrial, office, and residential buildings.

This is the forecast for the real estate market according to the analysis done by the real estate investment company Karrat Group Ltd, which is currently developing one of the most ambitious residential construction projects in Sofia â?? City of Fountains.

City of Fountains has been designed with modern people in mind â?? the company has carefully considered the tastes, needs, and lifestyle of young professionals and families in order to be able to offer them something that uniquely matches their demands.

The complex is located in Mladost 4, which is Sofiaâ??s fastest developing residential area, in close proximity to many schools and hypermarkets. It is only 400 m away from Business Park Sofia, South-East Europeâ??s largest business and office complex with over 200 offices, restaurants, cafes, and Arena cinema complex.

City of Fountains has excellent transport connections to the city centre, while also being conveniently close to Sofia Ring Road, which allows residents to avoid rush-hour traffic and reach practically any part of Sofia within minutes. The complex is also close to the Vitosha Mountain, a favourite recreation destination for the fans of various outdoor activities.

The complex has been designed so as to stand out against the background of all existing real estate projects in Sofia. It will be the only residential complex with fountains running throughout its grounds. The beautiful and relaxing atmosphere of the landscape will be enhanced by top-class exterior and interior design. The complex area is surrounded by a large municipally-owned lot, which will be turned into a recreation park area.

One of the unique features of City of Fountains is its outstanding range of amenities, carefully selected so as to meet the demands of successful professionals and their way of life. The complex will feature one of Sofiaâ??s largest fitness and spa centres, a large swimming pool, and various sports facilities. There will also be an on-site kindergarten, numerous cafes and restaurants, as well as a supermarket and shopping centre.

The complex will be able to offer the comfort and quality todayâ??s property seeker considers essential. There is a great demand for this type of projects, Karrat Group claim, as the market grows and people become less willing to make compromises with location, standards, or amenities.

Podcasting is one of the hidden secrets to my success in the real estate business. The truth is that todayâ??s real estate industry is influenced by technological advances. Though traditional methods are still used, many more opportunities are available through the Internet. Most people have no idea of the many possible ways to use Internet based tools to carve out a niche market who seeks what you have to offer, without becoming a pushy salesperson. Podcasting is one of those methods that focus on educating, rather than selling. By podcasting, you can position yourself as a helpful educator, rather than a pushy, commission-based salesperson.What is a podcast? A podcast is a downloadable radio show. People can listen to podcasts on IPods, computers, or MP3 players. Production of a podcast is simple. You can do it yourself to cater to your clients. I like Podcasts because I can connect with my audience, teach valuable and needed information on topics like mortgages, loans and avoiding foreclosure, and cement my position as an educational ambassador in the real estate field.Podcasts are popular with listeners because they can listen whenever they have the time. It’s like subscribing to an audio magazine. You don’t have to be there at a certain time to catch the show. This flexibility is great in an increasingly busy society. Also, podcasts give you the opportunity to be You-nique. This means that you can use the experience and expertise that are unique to you to attract listeners and create an entire brand around your persona. Each of us has ideas, talents and experiences that make our style You-nique. Listeners like to hear and experience something that is different.Part of a You-nique style is niche marketing. Niche marketing involves targeting a very specific group (maybe single moms, military families, or minority first time home buyers). You can tailor your podcast towards the niche you are targeting. Meeting the real estate needs of people that you can relate to builds great relationships, which is what will truly drive your success.As mentioned, podcasting also gives you an opportunity to brand your business. Branding gives clients an emotional connection, and the regular communication of a podcast will keep you on their minds when a real estate needs crops up. You can add a blog to your podcasts so that clients and potential clients will feel a personal connection to you knowing they can respond to what they just heard through your podcast, or ask questions. The number of visitors you have to your website can increase through podcasting. Whether people are dealing with foreclosure, looking for loans, or calculating mortgages, they can surf your site while downloading your podcast. Of course, your podcast will be full of information on those topics as well. People hate to be sold, but they love to learn. So become a teacher. By using podcasts as a tool, you can increase relationships, trust with clients and traffic to your website. Podcasting is a smart and underutilized way to increase the success of your real estate business.

Now that the foreclosure epidemic is in full swing, it is not just home owners who are getting slapped in the face. Hundreds of tenants renting homes across the nation are being evicted and forced to move with little or short notice from the banks.
The renters have no idea the homes they are living in are in preforeclosure status and are scheduled to soon be sold at public auction. The renters only find out when they come home to a notice posted on the front door stating they have 30 days to move or be forced to leave the house.
It all started when investors purchased houses as investments speculating they would go up in the near future. They purchased high end homes with larger price tags so they could make more money in a shorter amount of time. After all when housing prices go up by 10% you are much better off to having a $500,000 house than a $100,000 house.
Now many of those so called easy money real estate investments are falling into foreclosure and the banks are the ones evicting the tenants. Many tenants are in long term lease agreements and have been paying their bills on time for months. They also put down large sums of money as a rental deposit for the home they have been living in.
I see this scenario on a weekly basis. Once the home owner or investor knows they can not afford the mortgage they keep collecting the rent checks but dont pay the mortgage and pocket the money. I do not think this is ethical and the investors are at fault for not being honest with the tenants. The problem is, the rental agreement has no information about what happens if the home goes into foreclosure while the tenants are living in it.
Most investors who leave their tenants hanging are not full time professional investors. They are people who jumped on the real estate, get rich quick band wagon hopping to make a quick profit. Professional real estate investors would not do this because they can not afford to have their reputation tarnished by such acts. They rely on reputation and referrals for business which is how they feed their family.
So the questions is,
Do you think the real estate investors or land lords are responsible for loss damages paid to the renter? After all moving your family in less than 30 days can be very hectic and these renters are also out their deposit. Is it ethical to have real estate investors making a profit off of renter and keep collecting the rent even when they know the renter will be evicted.

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

News is the main way to get the information or awareness spread in the common world. Starting form the daily updates and the latest happenings from across various field of Media, Politics, Life, Real Estate and Infrastructure to other fields like Matrimonial, Property and all the aligned sectors that one would want to know or get updated on. The news being numerous starting from the theft to the murders, updates to latest gossips all of them come under the package of news, these news are classifies as regular and the Breaking news. The breaking news is the news that are the most talked about in the market. To give an example the scandal behind the DDA flats, parities that have won elections in the past are all the breaking news that on can think. As news have their extension to all sectors, the Real Estate sector bargaining their importance in the Indian Economy stands alone at the second level. With the revenues of twelve million dollars per annum the Real Estate sector is estimated to grow up to thirty percent. With such the huge growth rate the Real Estate sector not only gives an opportunity to the young aspiring professionals but also supports the Indian economy in the recession times a head.

The Real Estate sector with various attractions and growth opportunities also aims to create awareness among the people in the market and the domestic house hold. To do so they have used various mediums like newspapers, radio, televisions and other various promotional aids that can be used in media planning. In today’s time we find various aids of promotion however widely used are the newspapers as they are the one aid that is preferred by every individual and has followed the traditional way of reaching out to the public. Not always is it possible that the Real Estate offers a complete separate edition for the property section, however to keep the readers updated about the latest that is happening in the Real Estate sector they have come up with the column that provides the latest news, property posting and among other. To classify and highlight the latest the Real Estate picks the one that they think are the most important for the readers to know and form the Breaking news sections. This news are either published in the Newspapers and are also published online through various portals that are either the media related portals or they are relate to the Real Estate sector or themselves are the Real Estate sector portals. These breaking news are the only way to keep the readers and the key players updated in the market about the latest that is or has happened in the Real Estate. To give a view about the same there are certain news that can be considered as Real Estate Breaking news. They are;

· Real Estate Crisis Badly Hits Retail Sector and among other news that are highlights to the Real Estate sector and are targeted to be read the most by the readers not in the Real Estate but also in the sectors around.

Real estate industry is one of the most growing industries in the world, providing more opportunities by opening new avenues of success. If you want to accomplish a name in real estate market, it is important to know about the basic glossary used in this particular industry. Brushing up the glossary knowledge will help you to understand the real estate news in a better manner. Let us take up a look on the following important terms:

Amenity: It is an additional feature of the home or that may benefit the buyer such as its natural location, woods, swimming pool or garden.

Amortization: It is process of repayment of a mortgage loan in monthly installments that include principal and interest.

Annual Percentage Rate (APR): It is calculated by using a formula. Usually, the APR defines the cost of a loan; taking the yearly interest rate, insurance cost and other fees in consideration.

Application: Application signifies the initial official step in the loan approval process. In application, an applicant needs to disclose the necessary information to get the desired loan money.

Appraisal: It is a kind of document that reveals the estimated price of a property in current market scenario.

Appraiser: a professional and qualified person who estimate the market value of the proposed property through his or her experience and knowledge.

ARM: Also known as Adjustable Rate Mortgage; it is a kind of a flexible mortgage loan the interest rate of which is subject to change with rate changes.

Assessor: An assessor is a government official who determines the market value of the proposed property.

Assumable mortgage: It is a type of mortgage that can be transferred from a seller to a buyer; once the loan is assumed by the buyer. A buyer no longer is responsible for repaying the loan amount after assumable mortgage.

With a changing rupee to dollar equation and a dent in the software revenues from India, shouldn’t Indian real estate industry search for alternate drivers, other than IT & ITES? Here we bring you the buzzing real estate news from India:

The IT sector which has been driving the real estate in a big way with an annual demand of 30 million sq ft may be under threat and thus real estate. According to Pranay Vakil, Chairman – Knight Frank India Pvt. Ltd. who spoke on the impact of Macroeconomic policy of RBI on Real Estate in India and expectations there from at Credai’s NATCON pointed out that property developers in India need to think of alternate growth drivers- “What happens if rupee to dollar value come to 35 and then there will be a slowdown in the IT sector and hence demand for real estate. Developers need to think of alternate growth drivers.”

Information Technology has been one of the biggest drivers of real estate in India so far. Take the case of any IT city such as Gurgaon, Hyderabad or Chennai or Pune. The real estate of each of these cities has witnessed sea change on the back of IT boom.

Say in Pune, it was with the coming of Hinjewadi IT park, that the property prices in the neighbouring residential areas have tripled in last two and a half years. The IT park spread over more than 200 acres and employing over 1 lac employees is driving the residential markets of Wakad, Baner and Bavdhan.

According to real estate consultant Vishal of Expat Properties Pvt Ltd,”These areas started as villages and now have been converted to cosmopolitan areas. What was available for Rs 800-1,000/sq ft two and a half years back, is now for Rs 3,000/sq ft in these areas.” Baner has some 50 new projects in the pipeline with Phonenix Multicon, Aditya Shagun and Paranjpe being the prominent real estate developers. Waked also has some 25 new projects lined up in the residential property sector.

For more details on Real Estate News India, log on to magicbricks.com

Newspapers thrive catchy headlines that can sum up the drama of the day. But it’s important to read with a critical eye, especially when you see a blanket statement at the top of the page like “National Home Sales Plummet.” The headline looks good, and it’s likely to turn heads, but how true is it? It may be true on average in recent years that fewer homes are being sold across the United States, and at lower prices. But many large markets across the nation are doing well, or improving. Unfortunately nothing gets in the way of a good headline like subtlety, and those inconvenient subtleties have forced the media to cast a shadow over some very bright real estate stories.

One of those bright stories is the Kansas City, Missouri real estate market. Home sales here have been espeically strong in recent years, and show no signs of slowing. The area’s strong economy is attracting new residents from across the nation, and home construction has risen to meet the demand for real estate. Kansas City’s central location on the U.S. map also makes it an ideal spot for corporate headquarters, with five Fortune 500 companies, and the privately owned Hallmark Cards, based here. Spread across more than 500 square miles, Kansas City offers a lot of room for expansion, and more than 150 attractive neighborhoods.

Kansas City is more than just an isolated success story – it’s good example of why the national real estate market appears more stalled than it really is. Home prices here didn’t skyrocket during the real estate boom of the early part of the decade, and were unaffected when the markets softened in other parts of the nation. Instead, local home prices have risen steadily through the boom and afterwards, making the area particularly attractive to investors.

While more expensive real estate markets such as Marin County California, and Montgomery County, Maryland, have slowed, many affordable markets, like Kansas City have thrived. The Kansas City example is mirrored on a larger scale in Detroit, Michigan, where home sales have risen nearly ten per cent annually in recent years. Other strong markets after the boom include Madison, Wisconsin, and Phoenix Arizona.

While it’s clear some real estate markets aren’t as strong as they were a few years ago, areas like Kansas City, and Detriot can show us how national average home values could fall while still being as strong as ever in many places. That’s something the newspaper headlines don’t always mention.