While the rest of the world battles the ongoing impact of the global credit score disaster, slowing economies, falling house costs, falling stock markets, exchange fee instability, a stronger US dollar and a drop in the oil price, Qatar stands out as being nicely positioned to experience out the global storm better than most.
Property in Shanghai differs by way of type of architecture. One the one hand, there are Old Shanghai flats that are constructed across the theme of European structure, popularly referred to as colonial type building, however there is New property In Shanghai that is just lately constructed to go well with western fashion of dwelling.
It was in fact to keep Americans out of the French Quarter that Canal Street was first built. When you cross it today the Streets change to Rues. St Louis Cathedral served the old settlers from France and Spain, while St Patrick's served the Irish and other American Catholics. They did not worship together. By the same token, Jackson Square was for Creoles and Lafayette Square for Americans. Creoles had the pedigrees of old families, and they had created the unique culture of New Orleans, but the Americans soon had the wealth. They are money-making people. A nation of hustlers.
Large multi family properties are valued by the capitalization rate (cap rate). This is easily determined by multiplying the net operating income (NOI) by the standard cap rate in the area. Without getting into too much detail, if you had a 100 unit complex with rents at $700 per month and expenses at 35 per year for 2 years, the property would now be worth $5,300,000. That's an increase in value of $700,000 in just 2 years. No rehab, no improvements, no headaches, etc. Easy to refi or cash out if you choose.
Residential properties are generally more straightforward, in terms of financing regulations. For example, HDB loans can finance up to 90%, bank loans can finance up to 80%, etc. These rules are roughly similar across the board (the only big difference is HDB vs. Private). Otherwise, condominiums, landed properties, public housing etc are all treated the same.
Informing your bank. The process of informing your bank will be similar to your original loan application. You will provide your bank with tax and income information for consideration of whether you qualify for new terms. Tax returns, profit and loss schedules, and proof of accounts receivable are common items the bank will want to see. If you are a landlord, the bank may require you to provide information as to the nature of your leases and their respective payment histories.
A growing number of foreign nationals - from the EU and from other nations the world over - are buying apartment units and buildings for investment purposes. These people are in turn renting these units to other people, generally foreign nationals who are in the country for business purposes. Industry analysts maintain that this trend is likely to continue well into the next decade as more and more foreign nationals are spending time in the country for business purposes and reasons.
The worldwide demand for commercial spaces also comes from arenas including law firms, financial institutions, and accountants. In addition to overseas investors, a growing number of mainland companies are also taking up office spaces in Hong Kong. In short, commercial real estate in Hong Kong has now turned out to be a demand-driven scenario. As a result, in recent years, the sale price of commercial property has been pushed up. Further, the rents charged on commercial real estate are exceptionally high, ranging from HK$22 to HK$105 per square foot per month.
56 years old Park Ranger Melvin Becnel from Fairview, enjoys to spend time frisbee golf (frolf), latest news in singapore landed property forum and crossword puzzles.