The Importance of Buying Land

Who doesn’t want to create assets? All of us invest money for creating an asset. What exactly does the word asset mean? Asset simply represents the ownership of any material or object which can be converted into immediate cash at any time. Some people get mixed up between the words asset and investment. Although these two words are correlated they do have a different meaning. Investment can be financial or else in terms of goods or materials. In macroeconomics investment is the amount purchased per unit time of time of goods which are saved for future production and are not exploited. On the other hand, asset is something owned by a person as a result of an investment he has made. People invest their money in buying land, residential apartment or certain materials like gold. Investment is mainly made keeping it in mind that the present expenditure may yield a profit in the upcoming future. None of us invest money for creating an asset which has no resale value. No investment is free from risk factor and to achieve in life we have to take some risk.

As we have discussed, land is of course worthwhile to make an investment. As it is said “There is no good without evil”, likewise investing money on land also has certain demerits and merits. As land is a resource which is getting depleted at a fast rate its demand is increasing on day to day basis. Thus this increasing demand will always put an upward price pressure on land. A bare land without any improvements in the form of structures built in it makes the land more affordable. The resale value of land is increasing and hence it proves to be a best option of investment. Land has relatively low maintenance costs. It offers choices to the person making the investment. That is, land is available in varying sizes. Even if you do not have enough money to buy or build your dream home, you can easily make money by buying a piece of land in your name. You could rent it or lease it and just live with the monthly earnings for the rest of your life. But, there are certain disadvantages as well. You may not have immediate cash in hand and profiting from it may take years. For getting immediate profit or income a rental property would be a better option.

Bahrain is developing tremendously at a fast rate and hence it is of course a good option to own a property in this place. Although it is highly difficult to purchase a property in Bahrain, the transactions costs are very low. If you are looking out for a long term asset, the best way is to invest some money in buying some land. Land is the only asset where the price does not deprecate with age.

Trouble In Egypt Boasts London Super Prime Market.

During the recent troubles in the Middle East the number of Egyptians enquiring about the most expensive addresses in London has risen. Just a few weeks ago an Egyptian family from Cairo purchased a 5million flat in central London without even viewing it. This seemed to be just days after the political unrest in Tahrir Square. They registered with a London agent and they then emailed them a brochure for the flat. They then went on to pay for the flat in cash. A spokesman for the agency in London explained that the buyers wanted to move their money to a place which they knew would be safe. The family intend on moving here in the summer so that their children can be enrolled here ready for the new school year.

The same agency has had eight serious enquiries from Egypt since the political unrest back in January. Between them they have looked to acquire more than 100million of London’s real estate and it is all to be bought with cash. Many would not be well known in this country but they deal in oil, land and clothing. Many of them want to spend around 20million on a house because they are worried about the banking system in Egypt and also they are unsure of the new government which has been appointed.

Another agent predicts that buyers from the Middle East will spend 2billion on residential property in Britain this year. They spent 1.15billion in 2009 and last year they spent 1.5billion. They are predicting this due to the political upheaval that has occurred in the last two months. Other agents have also seen rises in buyer enquiries from the Middle East in the last three weeks, they most tend to be looking in 500,000 to 3million bracket with them. Buyers from Kuwait, Iran and Saudi Arabia are also looking too.

Just in the last few weeks a house in Eaton Square which is on the market for 28million has been viewed by a few Middle Eastern buyers. Whilst in Belgrave Square a 12.5million penthouse has just been bought by an Egyptian. Others are simply looking to rent and the area of Hampstead has had enquiries about 20,000 a week rentals in some of the properties there from Egyptians who want to rent immediately.

The Saudi Royal family are also looking. A Saudi princess has apparently been looking at a 60million house in Holland Park. The Saudi Royals tend to favour Mayfair when buying real estate but wealthy Arabs do like areas such as Knightsbridge and Regents Park as well. Lots of high end enquiries though tend to go through intermediaries based in London. Purchases are also usually made through off-shore companies. Colonel Gadaffi’s son Saif bought his Hampstead home in 2009 through Capitana Seas Ltd which is a company registered in the British Virgin Islands for 10million. He did try to sell the property last month for 10million but instead chose to let it out for 9,750. However agents are weary of having any dealings with anyone related to Libya due to the unrest there now.

Purchasing Real Estate in Bali

Bali is regarded generally as the “Island of the Gods”. So you may presume quite easily that it can be the place of your ideal residence. Who does not desire to live with ‘the Gods’? Hence if you have cherished any desire to live with ‘the Gods’ you may try to buy a villa or a home in Bali. In this article I would try to elaborate why you should choose Bali as the ideal place to dwell in.

Day by day people from different parts of the globe flock here in search of the divine peace. As a result Bali is gradually becoming the ideal sector for real estate business. As the insurgence of people from different countries goes rampant you may miss a plot in this divine island. A delay from your part may lead you to utter despair. Hence make haste and try to gather different instructions regarding the real estate affairs.

Many people from the US or other corners come to Bali to live for good. They come here selling their properties. At the very instant people or those who love you may think that you are crazy. But within a few days sojourn in Bali will offer you enough scope to answer back their questions. You may tell them with full throated ease why you have opted for Bali.

Actually Bali has the variety of luxurious flora than any other place you know about. The remarkable terrain of mountains, the awesome river gorges, the paddy fields where paddy plants sway their heads in glee and the dazzling beaches are ready to steal your heart. Initially the name of the island may force you to think of a boring island that is all the time engaged in deep slumber. But all the time keep it in mind that Bali is always bubbling with mirth and merriment and you may find the essence of life here in the golden beaches of the Divine Island. You are sure to get back your lost health boosted if you set foot on Bali.

Bali has the exotic golf courses, the sailing yachts, rafting, riding on the horse, paragliding, scuba diving, scope of long trekking and many things that may easily draw your attention. If you decide to reside in Bali and enjoy the warmth of life all the while you must meet a real estate agent and discuss with him every detail. In the very conclusion it may be told with confidence that Bali never deprives anyone. If you feel her pulse she is ready to offer you the divine happiness that is actually rare in our beautiful planet.

Firstbuy Proving Popular At Landmark Royal Arsenal Riverside Development

The government-backed FirstBuy purchase assistance scheme has proved to be a popular option for homebuyers at Berkeley Homes’ regeneration scheme at Royal Arsenal Riverside, which is providing some 5,000 new homes in South East London. The scheme is available on selected plots and 11 homes have already been snapped up with FirstBuy funding, with more still available.

Paul Vallone, Managing Director of Berkeley Homes (Urban Renaissance), says: “FirstBuy has proved to be extremely popular at Royal Arsenal Riverside, with first-time buyers taking advantage to buy an affordable new home in a stunning riverside setting with exceptional transport links. This is an exciting time for Greenwich, which has recently been awarded Royal Borough status and is a host Olympic borough, and through schemes like FirstBuy more and more people are able to get their foot on the property ladder in an area which is really going places.”

Royal Arsenal Riverside sees the regeneration of a former government-owned site that manufactured armaments during the Second World War and suffered greatly from bomb damage. Some 2,000 new homes have already been provided at the scheme, housing around 4,000 people. In addition, a new Crossrail station is under construction adjoining the development and residents benefit from a supermarket, pharmacy, health and wellbeing centre, gym, gastropub and cafe on the site itself.

With its fantastic transport links to all parts of London and the new amenities being provided, many young people aspiring to homeownership are considering a property there, made all the more affordable with FirstBuy, which only requires them to provide a 5% deposit. Up to 20% of the purchase price is contributed jointly by Berkeley Homes and the Homes and Communities Agency in the form of an equity loan, meaning the buyer only has to find a 75% mortgage – usually at a much more competitive rate than a 95% mortgage, for example.

Eligible to those earning up to 60,000, FirstBuy is aimed at those who are buying a first home or getting back onto the property ladder and intend to use the home as their main residence. The buyer retains 100% ownership from the start, and the loan is interest free for five years and repayable when the property is sold.

At the current phase, known as The Warehouse No.1 Street, prices start at 252,500 for a one-bedroom apartment and there are a number of one-, two- and three-bedroom properties complete and ready to move into. The marketing suite open from 10.00am to 6.00pm daily (until 8.00pm on Thursdays), enabling buyers to visit the site and get a feel for the new homes themselves.