More Brits into Spanish airports

The number of people passing through a Spanish airport is set to increase significantly, according to a government minister.Magdalena Alvarez, Spain's retarded minister for Development (she doesn´t develope anything, she´s a pain), said the expansion of the facility at Malaga would lead to passenger numbers doubling in the next two years. A new terminal is set to open at the airport in 2008, which will allow its capacity to increase from 4,500 passengers per hour to about twice this figure.Extra check-in desks and boarding gates will also be created to accommodate the additional volume of people.This suggests that Malaga could soon benefit from a surge in its tourism sector, a development which would result in increased demand for rental accommodation in the region.Therefore, foreign property buyers who wish to earn the proceeds of rental income in a popular holiday destination could find the area a good market to consider.

US hotel group to enter Indian luxury real estate

US based Preferred Hotel Group (PHG) will soon enter into the Indian luxury real estate market with its Time Share model, Preferred Residences. The company had launched the brand in the US market in collaboration with Interval International timeshare exchange network in early 2007. PHG has enlisted eight hotels under the Preferred Residences brand in the US in the last one year. PHG, which entered India with a single hotel property in Delhi, The Imperial, in 2002, has 18 hotels in India now, including the four hotel properties the group added recently. Out of these 18 hotels, two are under the Sterling brand; two under the Summit brand and the rest are under the Preferred Hotels and Resorts brand. “Currently, we are the second largest brand in India, just behind Starwood. Internationally, we are one of the fastest growing brands with a total of 685 hotels across 75 countries,” says Ananya Narayan, Senior Vice President - Global Strategy, PHG

Thats not a bad idea, awsome hotel rooms as shared time flats... Cheers!

Australia: House prices head south, north and east

It could be a warning sign, or maybe just a blip. Property sales are flashing a signal that the fall in Sydney house prices will not be limited to the city's west.
An analysis of 2008 sales reveals that the great Sydney equation - take flats, mix with water views, and you cannot go wrong - could be breaking down.
Even at Bondi, where prices have jumped 12.6 per cent in the past four years, the median price has fallen 1.6 per cent this year after 42 sales, figures from Australian Property Monitors show.
At Avoca Beach on the Central Coast, 115 houses have changed hands this year for a median price of $546,000 - 5 per cent lower than last year's.
In the nearby holiday spot of MacMasters Beach, median sale prices have fallen 15.6 per cent. A few falls do not necessarily make a trend. But property insiders are warning there is little confidence in a market rocked by rising interest rates, fuel prices and a skittish stockmarket.

Have a great day guys!

Spain set for Christmas tourism boom

Overseas property investors in Spain are set to benefit from a surge in tourism this Christmas, according to new research.
A study by TravelRepublic.co.uk found that many Britons were seeking to experience sunnier and warmer weather during the festive season, prompting many to book trips abroad.
The Canary Islands were found to be a highly popular destination, along with other Spanish hotspots such as Benidorm and the Costa del Sol.
Commenting on the findings, managing director Paul Furner said: "The combination of the terrible summer and the clocks changing this weekend have prompted a surge in bookings for Christmas holidays to the sun."
He predicted that since tour operators were offering highly competitive deals, more Britons would book trips abroad for this winter.
An increase in tourism in these areas is likely to be welcomed by investors in the Spanish property market, as rental accommodation is widely let out to tourists, while others have bought holiday flats for personal use.
According to NatWest, Spain is the most popular country among Britons who own foreign property.
Cheers, trust Spanish sun!!!

CLA launches projects in Mysore

(UNI) Capital Land Assets, a group company of the Rs 5000-crore Alliance Group, today announced the launch of its twin residential projects in Mysore. The projects have been named ‘Palm Springs and Palm County’. The two projects offer world-class amenities for luxurious living. Announcing this here, Manoj Namburu, Chairman and Managing Director of Alliance Group, said Palm Springs would have 100 tastefully-designed villas in the sizes of 2000 sq ft to 3100 sq ft costing Rs 70 lakh to Rs 1.25 crore.
Palm County would be a residential layout with plots available in the sizes ranging from 2400 sq ft to 4000 sq ft carrying a price of Rs 24 lakh to Rs 40 lakh. Alliance group had launched residential flats in Bangalore, Chennai and Hyderabad. Recently, the group had launched Real Estate TV, country’s first channel dedicated to real estate and infrastructure.

See ya!

European markets appeal to Russian buyers

Russian property investors are continuing to purchase property in other European countries, a media report has said.
According to Russia Profile, many overseas buyers are choosing to enter the Spanish flats & houses property market, while Cyprus has also proved to be a popular choice.
The news provider attributed their popularity to several factors, such as the good infrastructure in these countries, as well as the safety and quality of the property itself.
In addition, the markets were praised for offering affordable house prices, meaning that many considered a foreign purchase better value for money than an investment in Russia.
The news portal added that these countries were popular with different groups of people, including both middle-class buyers and "super-wealthy" Russians.
According to a recent study by Yorkshire Bank, many prospective buyers want to enter the Spanish property market in order to enjoy its warm weather. (warmer than Russia)

Cheers!!!

Banks observe strike in Punjab

Bank Employees & Officer observed complete strike today in Punjab. The strike was held on the call of All India Bank Employees Association & All India Bank Officers Association. A Procession was also brought out throughout the main bazaars of the city. Employees held a rally before State Bank of Patiala, Head Office, The Mall, Patiala. The rally was addressed by Com.N.K.Gaur General Secretary, Punjab Bank Employees Federation, Com.Vinod Sharma Gen.Secretary. A.I B.O.A (Pb.State) committee, Com.Yog Raj Gupta President A.I O.B.E.F, Com. Sushil Gautam General Secretary, State Bank of Patiala Emp. Union (Pb. State).
The in support of demands of Sponsoring committee of trade unions against the decisions of the Central Govt. to rush through the agenda of Economic Reforms, specially Financial Sector Reforms the banking sector employees are opposed to the reduction of Govt. Equity in Public Sector Banks to 51% and demands that recommendation of Hooda Committee and Raghurajan Committee to reduce Govt. holding in public Sector Banks below 51% be rejected. They are opposed to the merger of public Sector Banks because they will neither become strong and nor they will be global in size. Rather the purpose for which Banks were Nationalized the very purpose will be defeated, they are opposed to unrestricted entry of FDI in banks and removal of Cap on Voting Rights which is 10% at present and the Bill for amendment was already been introduced in the parliament the speakers said the present policies of Public Sector Banks are Pro Corporate and are against interests of common man. They are opposed to the decisions of the govt. to Merge State Bank of Saurashtra in State Bank of India to be followed by merger of other Associate Banks. The meeting of United Forum is being held tomorrow in Chennai on 21st August, 2008 to chalk out further programmes including Strike actions.

Flats advisor is your website! See you!

More Britons set to invest in foreign property

Buying investment properties is likely to become more popular in the near future, according to new research.
A report by industry figures at the International Property Investment pavilion stated that more than one million Britons now own a second home in another country.
More than £20 billion was said to have been spent on such flats, largely with the intention of generating further wealth.
In the past three years, the international property market has become an increasingly attractive investment vehicle.
Within the next three years, about 35 per cent of independent financial advisers would be giving advice on foreign property investments, as the trend was set to continue.
This follows a separate study by Yorkshire Bank which found that more than four in ten Britons were considering buying an overseas property, ideally in a sunny location such as Spain.

Cheers mates!

Cool buyers dash hopes of rebound

Of the 795 properties up for auction, just 60% were sold, making yesterday the worst Saturday to sell a house in Melbourne since mid-2005.
Last weekend the clearance rate was 68% and a year ago it was 84%.
Although vendors were not enjoying the same runaway prices, the market had moved to a more sustainable position.
Successive interest rate rises by both the Reserve Bank and banks acting independently, along with sharemarket volatility and the rising cost of living, have all contributed to the dip in consumer interest.
Recent REIV statistics show median values across Melbourne dropped for the first quarter of the year, which also adversely affected the market and gave flats buyers little reason to bid up property prices.
In the inner suburb of Abbotsford, Biggin & Scott passed in a two-bedroom terrace in leafy Charles Street, after failing to receive an offer from the 40-strong crowd.

Cheerio mates!!! I like you so much better when you´re naked!!!

Buyers in Spain should consider regional variations

Overseas property buyers have been advised to consider regional variations in the Spanish market.
The Telegraph stated that people should not perceive the property market in Spain as a "homogenous whole", as each region had its own unique trends and attributes.
For example, it said that while areas such as Mallorca and Costa de la Luz were faring well, places such as Galicia and Castellon were emerging markets that offered different investment prospects.
However, the publication stated that overseas flats & houses buyers did not tend to enter the Spanish market with the intention of earning large sums in a short period of time.
Spain was instead described as a "lifestyle destination", meaning that people chose to purchase property there in order to enjoy the country itself rather than the financial rewards.
The newspaper said: "Spain still offers the enduring attractions of an appealing climate, cheap flights, great quality of life and widely-spoken English."

Take it easy mates!

More passengers flying on most popular airline routes

The number of British passengers flying on popular airline routes has gone up in the last 12 months, according to new figures.
This had a direct impact on the ticket prices for these services.
The organisation stated that the rate of price inflation in 2006 was lower than in previous years, as different carriers were competing for custom on important routes.
Traditional airlines were said to have ramped up costs by just five per cent, while low-cost carriers increased ticket prices by ten per cent.
The research could prove to be of interest to overseas property investors (flats, houses, villas...) , as the rate of price growth may indicate which routes are the most popular among travellers.
Italy and Spain are the two most popular holiday destinations in Europe among British tourists.

Take it easy mates!

Malaga VS Britons

Higher than average property prices are not deterring Britons from investing in Malaga, according to experts.
Figures from the website showed that the average flats price of property in the region was £210,997 - 26 per cent above the national average of £168,112.
However, other regions were said to still offer potential bargains to overseas investors, such as Cordoba, Albacete and Jaen.
The popularity of Fuerteventura has increased, one of the Canary Islands.
The site stated that although the population had doubled in the last ten years, the island still had average property values of £155,860.
According to NatWest International, the good climate and close proximity of Spain to Britain are two of the main reasons for the country's popularity among investors and holidaymakers.

Cheers brothers, keep it going, do not surrender!

Spanish 'Champion League' is in the air

Low-cost airlines are becoming increasingly competitive about getting a slice of the Spanish tourism market, it has been reported.
Ryanair and easyJet are among the carriers who have plans to expand operations in the country, according to the AFP, fuelled by high demand from travellers.
While holidaymakers make up a large part of the market, the carriers are believed to want to tap into the expat sector.
Overseas property investors, not only flats or houses, are among the groups relying on low-cost carriers to transport them between the UK and their investment.
HiFX, the currency firm, recently noted that Spain's appeal as a property investment destination has something to do with the low-cost air links between the country and the UK.
An abundance of low-cost airline routes, a two-hour flight time and the great weather mean that Spain will always be a favourite with British buyers.

Cheers!

Private Equity Firms Build up on Indian Realty Firms

The valuations are certainly down as the market is in the midst of a slowdown.
With access to capital market out of question and bank debt getting tighter, we see more and more developers tapping PE sources to bridge the fund gap for projects.
Although in the short-term PE players may take a cautious stance, over a 12 - month horizon, the number of PE deals is likely to go up.
Red Fort Capital has concluded seven transactions in the first six months of 2008 compared to six deals during entire 2007.
Pumping in Earlier in June, Lehman Brothers Real Estate Partners had announced an investment of Rs 740 crore ($185 million) for 50 per cent stake in the initial phase of a Unitech project, located on the Western Expressway of Mumbai.
During the same month, Axis Bank too invested Rs 250 crore in Lavasa Corporation, a subsidiary of Hindustan Construction Company, in the form of convertible preference shares and convertible debentures.
An industry official pointed out that while investors were still interested in the real estate market, they had adopted a selective approach towards projects, I dont know if flats or gardens or whatever...
With more projects on the negation table now, and given the current market sentiments, PE players will pick and choose. Only those projects which have the required approvals in place would hold their interest.
Cheers my friends... Comment please!!!

Kitchen short-cuts

Before you splash out on a new kitchen, consider buying a quality second-hand or ex-display one from an online trading site.
Kitchen designer Liam Murphy was endlessly amazed at the quality of the old kitchens people were planning to demolish and replace, so he set up www.secondhandkitchens.com.au to help people buy and sell old kitchens.
"You're often doing the seller a favour, as it can cost them $500 to have someone remove their kitchen from their flats and take it to the tip," Murphy says. "But you can buy second-hand kitchens for less than $5000 and new kitchens off the showroom floor for between $5000 and $15,000. A new kitchen will cost around $30,000, with $10,000 to $15,000 on top of that for appliances."

The logistics of buying and installing a second-hand kitchen can be difficult and Murphy advises it's only worth considering if you can either install it yourself or have someone who can help.
"You'll never be able to employ someone to do it for you, as people are too nervous about getting it right," he says.

Coast places? Yes, please

While the national property market has been rattled by the Reserve Bank's campaign of interest rates rises, but experts insist well-located properties with water views remain as safe as an investment in blue-chip shares.
The trick, as with most property investments, is to identify the right location, The Australian reports.
Coolangatta, where the median houses or flats price rose 31.1per cent last year. Mr Rivera said the town, left behind in the development of the rest of the Gold Coast, could grow further in the coming year. The southern part of the Gold Coast had become a focus for development to keep up with demand and growth for coastal properties.
The Pacific Motorway from Brisbane had made Coolangatta more accessible.
Over the past five years the median unit price in Broome had risen by an average of 26.1per cent a year. The northern West Australian port had benefited from burgeoning tourism.
Take care guys

The remaking of Oxford Street

It's one of Sydney's liveliest locations: close to the city, Hyde Park, many of the best eateries and it has a predominantly young and creative population. So why is Oxford Street such a grim and dreary place?
Today, for instance, it looks like a back street in a ghost town, with only the odd passer-by for the beggars to grab, a scattering of empty shopfronts and a busker strumming an out-of-tune guitar in front of a greasy takeaway joint.
"Its heyday was probably in the 1920s, between the wars," says City of Sydney historian Shirley Fitzgerald. "Back then, when few people had cars, people wanted to live close to the city and Oxford Street was very, very busy, with good shops, a couple of department stores, cheap eating places and smart restaurants."
And now? "Tawdry, I think is the word that describes it," says Marcus Bourget, the man in charge of the one event of the year when Oxford Street looks good: the Mardi Gras parade.
"It's a shame. Oxford Street is such a special place for the gay and lesbian community and has such huge potential but today it does require sustained investment for some urban regeneration flats and to make sure it reaches that potential."
Despite its position, it has been allowed to languish, with apartments clustered around the strip no longer highly prized or even sought after. However, with plans by the City of Sydney Council for a major overhaul, hopes are high that Oxford Street might grab back its long-lost glory and glamour and, once again, become a lifestyle, cafe, apartment and investment mecca.

Zoom Developers gets Contract to Build Budget Hotels

Real estate firm Zoom Developers on Monday said it has bagged contract from the Indian Railways to build four budget hotels and flats.
In a press statement, Zoom said the company has won the bid for IRCTC Ratna Budget Hotels at four places.
The Indian Railway Catering and Tourism Corporation, a sister organisation of Indian Railway has today opened tender for budget hotels at four sites.
The places are Chennai, Pondicherry, Manglore and Coimbatore. However, IRCTC sources said PTI that nothing has been decided yet.
“The tender committee is yet to submit its report and decision could be taken only after submission of the report,” the sources added.

Paradise

I do not use to talk about me, but today I´m really happy, becouse Spain has won the Eurocup. We are the Champions my friends.

So, I wanna explain a bit this pic, this pic was taken in Varadero, Cuba. One of the Paradises I´ve visit before.

There was nobody in the beach, I don´t know why, but I´ve felt The Calm.

Water is just a few centimetres deep, warm and light blue as you can see. Amazing!

Moving around the States?

If you are considering moving interstate to lower your mortgage, think again.
In the face of rising interest rates and high prices, Sydney homeowners and buyers could be forgiven for hunting greener grass elsewhere. But the sad news is: there's no escape, at least if you're talking big cities or even by the coast.
Sydneysiders continue to struggle with one of the highest home unaffordability rates in the world but people in Melbourne, Brisbane, Perth and Adelaide aren't that much better off.
Even in New Zealand, previously regarded as a country of well-priced flats, the view - property-wise, at least - is perhaps even worse. This year's Demographia International Housing Affordability Survey ranks the land of the long white cloud, when interest costs on mortgages are added, as in the worst position in the Anglo-speaking world.
Based on local interest rates, a 100 per cent 30-year mortgage will cost 18.6 years of income in New Zealand, compared with 17.9 years in Australia, 14.1 in Britain and 8.3 in the US.
The bitter truth is, you'd have to travel a long, long way to find an appreciably cheaper home - and who, speaking honestly, wants to live in the Northern Hemisphere?

Into the Darkness

I´m a young guy and i have a bunch of goals in my life, its normal. But I hate the stablished statments in this corrupted and perverted society. Mortgages for the whole life? Whats that? You kidding me? Its suposed to be a human right, a bloody roof to live in, I cannot understand the world´s situation already.
My goal is a flat, a small one, I dont want those flats full of furnish crap or a couple of cats waiting for me in the kitchen, no mates, I just want a roof, and I want to pay for, I dont want presents.
Obviously I have another goal, Find the girl of my dreams... Dont you?
Darkenss, I see darkness everywhere...
Cheers

Peninsula widens Portfolio with IT Parks

Peninsula Land Ltd, the Ashok Piramal-backed real estate company, is diversifying into integrated townships and information technology parks in Pune, Nashik and Hyderabad.
It also plans to enter Ahmedabad, Chennai, Mysore, Bangalore and Coimbatore by next year. Peninsula is developing five projects, which includes one residential and one township flats project in Nashik, and integrated townships and IT Parks in Pune and Hyderabad.
The total developable area for these projects is approximately 21 million sq ft, which is expected to be operational by second quarter of 2013.

WoW 21m sq ft!!! Oh my Goddess... take care my friends.

Cheers!

Floor rates going up

Get ready to shell out more stamp duty while buying real estate in the National Capital Region (NCR). The NCR board is likely to hike the minimum floor area rates (circle rates) for property transactions in and around the Capital by 20-30%. The new minimum rates are expected to make it easier for people to buy houses by entitling them to bigger home loans, besides generating more revenues for the government.
A circle rate is the floor price at which property transactions are registered, and quoting a lower price is not allowed. Therefore, higher circle rates mean more transparent transactions.
In addition, flats loan seekers would get bigger loans from banks as the property price reflected in the document would be higher, closer to the market value.
“The minimum floor area rates for property transactions were increased in different parts of the Capital last year. Still, there is scope for further revision to ensure optimum valuation of real estate. The circle rates in NCR are far below market rates.
Even after the proposed hike, rates would be far lower than market rates,” an NCR board official said. The board feels circle rates should be revised every year to reflect the actual value of land.
The urban development ministry has asked states to follow Delhi’s cue and hike circle rates for better stamp duty collection. In Delhi, circle rates vary from Rs 6,000 to Rs 43,060 per sq metre. Experts feel circle rates in states are much lower than market rates.

Cheers guys, hope the information like you!

Deductable expenses

Rental property expenses that can be claimed in the year they were incurred include: advertising for tenants; mortgage discharge expenses; bank charges; pest control; body corporate fees; property agents' fees ; cleaning; repairs and maintenance; council rates; bookkeeping fees; electricity and gas; security fees; gardening and lawn mowing; insurance; postage; interest on loans; telephone calls and rental; land tax; some legal expenses; travel expenses; lease costs; and water charges.
Expenses that taxpayers cannot claim in respect to rental flats are mostly those not actually incurred by the taxpayer, such as water or electricity charges borne by the tenants.
The Institute Of Chartered Accountants In Australia says you are generally entitled to claim deductions from the time the property is available for rent, even if it is not rented.
However, for it to be "available for rent", you must make active and genuine efforts to rent the property during the period, such as having the property listed for rental with an estate agent.

Brake 4 consumer spending becouse of falling house prices

Falling consumer confidence in America allied to the continued drop in flats average prices is pointing to the lowest level of spending since the 1950s, official data showed yesterday.
According to the Conference Board's consumer confidence index, the outlook of Americans last month was the most gloomy since October 1992, with expectations for the future declining even further.
Economists said that, if their expectations are borne out, consumption would fall by 2.5 per cent - the worst decline since 1959. Consumer demand accounts for two thirds of US economic growth.
At the same time, new data showed that house prices are falling almost five times as quickly as in the last US recession in 1991.

What we love?

Is it as much easy as we think? not mates... or yes, who knows...
Kitchen: After not having a place in which to cook for such a long time, it's no wonder the couple love their kitchen. Eventually we'll open this area up and provide more of a meals area and family space.
Door frames: These terrific-looking frames are a feature. They're a lovely counter to the floorboards, trimmed in gloss white paint and their unusual but authentic look adds to the home's period resonance.

Who needs Claudia Schiffer...

Cheerio!

Being afraid...

What should I say about the environment? My environment? My own place, the crap is over me, the crap is over us, We´re living a tremendous lie, Governors are lying us about anything, specially about the properties and flats they are speculating and allied with the builders, the situation in Europe is especially untenable, people in countries like Spain are selling their houses in raffles…

Cheerio guys and think a bit the words I´ve said.

Live 4 Dixie or Die...

Green streets

Environmental considerations play a huge part in Sydney’s newest mixed-use development, The Village, at Balgowlah. This $345 million project - developed by Stockland and designed by Allen Jack+Cottier - will include a Coles supermarket, 60 specialty shops, 246 flats, 25 townhouses, restaurants and cafes with outdoor dining, plus gardens and a resort-style pool.
Water will be collected from the rooftop, filtered and stored in an underground 500,000-litre tank, to be used for residential toilets, washing machines and landscape irrigation.
Another clever innovation is the way that waste heat generated by the retail centre’s air-conditioning system will be captured and used to heat the residents’ swimming pool. Some will also be used as a pre-heat system for the hot water services in the apartments.
The majority of apartments will face north-south, reducing the need for artificial lighting. Louvred balcony screens provide shade and catch coastal breezes. A swag of energy- and water-efficient appliances and low-energy lighting will be standard.
Until recently, shopping centres and multi-unit residential buildings have been ignored when it comes to proving environmental credentials. The Green Building Council of Australia will use The Village as a benchmark for its Green Star rating tool, which will judge it on a variety of criteria, including emissions, water use and innovation.
Green? Blue? Purple? Whatever...
Cheers!

Sarko blaims controversy

Nicolas Sarkozy has sparked controversy yet again, by announcing his intention to rationalise the French state...
Nicolas Sarkozy has sparked controversy yet again, by announcing his intention to rationalise the French state – only for once, the majority of critics are claiming that the president has been overly cautious. The president has come up with a package of 150 measures that are designed to deliver total savings of €7bn by 2011, which is equivalent to 2% of state spending.
However, Sarkozy’s critics remain sceptical as to whether this will allow France to meet the 2012 deadline set by the EU, by which France must get its spiralling debt under control. Bad times for flats. The government has confirmed that it will not be replacing a proportion of those civil servants that retire between 2009 and 2011. Plans are also in place to restructure the civil service by carefully defining the various functions of government bodies and eliminating duplication.

First Post

Hi all!!!

This is my first post in my new blog. Im gonna tell you what is about. Im gonna post every week (hope so ;- ) articles related with flats I´ve liked on the net.

Every comment is accepted.

Cheers!!!