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Business world is so vast that everyone can delve into it without any difficulties. However, once they are in, strategic business endeavor has to be meticulously planned and tactical accomplishment should be aggressively performed. Business strategies include finding a profitable and lucrative field, procuring adequate capital, building assets, and establishing a network with prospective clients and supportive partners.

Finding a lucrative business field and building assets depend mostly on our business skill, but establishing mutual collaboration with clients and partners depend mostly on our interpersonal intelligence. If we want to find a trusted partner to have our business enterprise grow steadily, we can consider establishing a partnership with gordon brent pierce, a successful Canadian businessman who have accomplished more than 35 years of experience in the business sector.

As a successful businessman, he will always be eager to help every businessman who seeks a bright future in their business enterprise in the natural gas sector by outlining perfect business strategy, arranging business development plan and assisting them through profitable investment. Natural gas industry is a lucrative and popular business sector because natural gas has been the most favored fuel for its cleanliness and will be the fuel of the future for much more eco-friendly vehicles. Delving into this business with Gordon Brent Pierce’s assistantship will be a worth accomplishing endeavor.

The Turkish real estate sector, offering greater opportunities for investors, has come to prominence especially in the last years. With the recent economic crisis and the global economic recession the European and US real estate markets have been negatively affected, the real estate market in Turkey is still promising.

While the reduction in demand and a downward trend in house prices have been observed all over Europe, according to TurkStat statistics the number of apartment units sold in the second quarter of 2009 increased 72 percent compared with the same period of 2008 in Turkey, which shows that Turkey has a huge growth potential in the real estate sector.

The entry of global actors into the real estate market is increasing the competitiveness of the sector, while massive mergers and acquisitions taking place help its expansion and overall growth rates. Different surveys and publications such as the “Emerging Trends in Real Estate Europe”, prepared jointly by PricewaterhouseCoopers (PWC) and the Urban Land Institute, show how global and local interest in the Turkish real estate sector has increased. According to the 2009 publication of this report, Istanbul is ranked as the third most attractive investment market in Europe after Munich and Hamburg.

As Turkey progresses along the road to EU membership, the essential legislative reforms introduced have made investing in the real estate market even easier and more profitable. The amendments to the Land Registry Law, the Draft Mortgage Law and the redrafting of tax laws are also designed to improve the competitiveness of the Turkish real estate sector.

The real estate sector in Turkey also has great prospects thanks to demographic factors that are changing in parallel with improving economic figures. The demand for offices and logistical and industrial areas is expected to increase in line with the increasing number of global and local companies.

Since the establishment of the European Union in 1993, the 500 million citizens living within the 27 member nations have begun to move and live freely about the continent, redefining how real estate is bought, sold, and owned In Europe. The “expatriate” lifestyle, once the exception and now the norm, has brought a renewed cosmopolitan air to the great cities of Europe, including Berlin. The capital of Germany claims more than 190 nationalities in its populace and Berlin real estate is now a favorite amongst expatriates from many countries.

Buyers interested in property in Berlin are considering life in the largest city in Germany and the eighth most heavily populated urban area in the EU. The home of world-class universities and museums, Berlin has evolved into a centre for the contemporary arts imbued with a particularly modern zeitgeist. Diverse architecture characterises the cityscape where the multi-cultural population moves about efficiently via an advanced public transportation network. The high quality of life not only adds more value and desirability to Berlin real estate, it reinforces the city’s historic and well-earned reputation as one of Europe’s leading metropolitan centres.

Berlin lies in the northeastern portion of Germany about 70 km (43 miles) from the western border of Poland. The city covers an area of 891.82 km2 (344.3 sq mi) and is home to approximately 3.4 million people. In the larger Berlin-Brandenburg metropolitan area, the population swells to more than 5 million. Within the city, about a third of the terrain is forested, with beautiful parks and gardens lying along the area’s rivers and lakes adding considerable diversity to the available property in Berlin. The two highest hills are Teufelsberg and the Müggelberge at elevations of around 115 meters (377 ft) each.

The temperate, Oceanic climate in Berlin makes for summer temperatures that average 22–25°C (72–77°F) with lows around 12–14°C (54–57°F). The city has cold winters with a daytime average of 4°C (39 °F) and nights at -2 to 0°C (28 to 32°F). Both spring and autumn are chilly, but mild. Like most major metropolitan areas, Berlin has a micro-climate generated by its buildings and pavement. This “heat island” makes the temperature in the city 4°C (7°F) higher than in outlying areas. Rainfall is moderate throughout the year and averages 570mm (22 inches.) Snow falls from December through March, but seldom lasts long.

Whether you buy or rent a house in Berlin, you are joining a city lifestyle recognised for its festivals, nightlife, and sporting events. Berlin real estate is your ticket to join that life, set against the backdrop of a modern city with deep cultural roots. The economy is driven by industries including engineering, bio-medical and bio-tech endeavours, pharmaceuticals, and renewable energy. As a hub on the continent for both air and rail travel, Berlin has the added advantage of ease of access and movement, making it a natural choice for expatriates of all nationalities.

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A fear of bubble comes in the mind of everyone who is looking to buy or invest in real estate now a day. But without looking at facts one should not come up with any conclusion that speculates real estate bubble in India.

Indian real estate industry is growing with a CAGR of more than 30% on the back of robust economic performance of the country. After a little downturn in 2008-09, it has revived rapidly and shown tremendous growth.  The market value of under construction project has increased from bn at end-2006 to 2 bn by end-June 2010, which is equal to 8.2 per cent of India’s nominal GDP for 2009.

Besides the Govt. initiatives- liberalisation of foreign direct investment norms in real estate in 2005, introduction of the SEZ Act, and allowing private equity funds into real estate, key factors contributed to this tremendous growth were ‘lower price’ which has attracted buyers and investors not only from India but NRIs & Foreign funds have also deployed money in to Indian real estate market.  In addition to that, aggressively launching of new projects by builders had further improved this positive sentiment which paved the way for rapid growth in market last year.

Now question is whether any Bubble is forming in Indian real estate market? Let’s look at the recent real estate bubble in USA, Europe and middle-east. Beside economic factors, key contributing factors in those bubbles were rapid rise in price beyond affordability, home ownership mania, belief that real estate is good investment and feel good factor among which rapid price hike is a key cause of any real estate bubble.

Comparing it with Indian scenario, all those factors are working in major cities of India specifically Tier-I cities. Prices has skyrocketed and crossed earlier pick of 2007 in the cities like Delhi, Mumbai, Bangaluru, Chennai, Kolkata, Hyderabad, Gurgoan, Chandigarh & Pune. Even in some cities like Mumbai, Delhi, Gurgoan and Noida prices have gone by 25-30% higher than the pick of the real estate market in 2007. However during economic downturn in 2008-09, prices fell by 20-25% in these cities. Other factor is home ownership mania and belief that real estate is good investment. Need based buyers and investors were attracted by lower prices in the end of 2009 and started pouring money in real estate market. Tier-I cities Mumbai, Delhi-NCR, Bangaluru, Chennai, Pune, Hyderabad, Kolkata has shown maximum investment in real estate projects. Developers have taken the advantage of this improved sentiment and started launching new projects. This has further boosted confidence among those buyers and investors who had missed opportunity to buy or invest earlier which has further increased price unrealistically fast.  And at last feel good factor which is also working since last few months. The key factor of any bubble market, whether we are talking about the stock market or the real estate market is known as ‘feel good factor’, where everyone feels good. For the last one year the Indian real estate market has risen dramatically and if you bought any property, you more than likely made money. This positive return for so many investors fueled the market higher as more people saw this and decided to invest in real estate before they ‘missed out’. This feel good factor is at the heart of any bubble and it has happened numerous times in the past including during the stock market crash of 2008, the Japanese real estate bubble of the 1980′s, and even Irish property market in 2000. The feel good factor had completely taken over the property market until recently and this can be a key contributing factor for bubble in Indian property market. Even after flow of negative news on real estate market correction and/or bubble, people are still highly positive on real estate growth in India.

Looking at above factors, there is possibility of bubble formation in few cities in India but it can harm buyers and investors only if it bursts. Generally bubble form with artificial internal pressure and can stay for long time if not acted by external force. Similarly, in case of real estate market, bubble can burst if demand and price start falling suddenly and drastically. Few findings of recent research by IKON Marketing Consultants throw more light on this. According to that majority of investors from Delhi, Mumbai, Bangaluru, Chennai, Kolkata, Hyderabad, Gurgoan, Chandigarh & Pune are now not willing to invest at this level of price as not seen any rise recently. Majority of them are about to exit and book profit on their earlier investment. Other factor is demand supply gap. In city like Mumbai were around 6500 apartment with 45 million square feet space is under construction but majority of developers are worried on lack of 100% booking. Same situation is with Delhi and other major towns of India which has demonstrated higher than expected enthusiasm. Though developers giving positive outlook of market while interviewing them but their confidence level is very low which is giving negative signals of falling demand in nearest future. Third important factor is expected outflow of foreign fund. India, as an attractive investment destination a huge fund has been deployed in Indian property market by foreign institutes and NRIs.  But now property market in US, Middle east and Europe has been stabilized and started growing gradually which is attracting foreign funds due to lower prices. A huge fund is expected to withdraw from India as foreign investors see greater opportunities in those countries.  All these factors may act as external pressure which may lead to bubble burst.

Considering above facts, IKON Marketing Consultants predict that there is a possibilities of real estate bubble in Tier-I cities like Delhi, Mumbai, Bangaluru, Chennai, Kolkata, Hyderabad, Gurgoan, Chandigarh & Pune. However, IKON does not see much trouble in overall market as Tier-II and Tier-III cities are growing gradually and are the backbone of Indian real estate industry. According to IKON’s research, Indian real estate industry may see some down turn in 2011. It may start from 1st quarter of 2011 and last up to 3rd quarter of 2012. However it will be not too intense as it was during recession period.  It is expected that price may slash by 10-15% during this phase of correction but under certain situation it may last up to end of 2013 with price correction of 30% specifically in Tier-I cities.

By its nature, a bubble is a short term phenomenon while Indian property market has shown continuous growth, apart from periodic adjustments, in the last few years. One should not forget that there are more than 400 million Indians waiting to hit the middle class group which will require more than 75 lacs housing units by 2013. Whether bubble burst or see a bit trouble in short term, growth story will remain intact for Indian real estate industry. However affordability is the most important factor when it comes to housing prices and middle class housing is much levels of affordability in most of the major cities in India. People, who compare India with developed European cities, forget the huge difference in affordability in both areas. Of course there is a huge demand for housing but they can only buy what they can afford.

The chairman of the Securities and Exchange Board of India (Sebi) M Damodaran on Wednesday said the regulator was considering proposals to allow real estate investment trusts (REIT) in India.

Speaking at a conference on capital markets organised by the CII, the Sebi chief also said the rules on listing and trading of securitised debt market instruments will be finalised by December.

The regulator had put out a consultative paper on securitised debt in June this year. The draft regulations proposed a system of registration of special purpose distinct entities which were planning to offer securitised debt instruments to the public or seeking the listing of such instruments issued earlier. Damodaran further said that select companies could opt for fast track issuances.

According to the fast track share issuance programme allowed by Sebi in August this year, companies with a 3-year track record on NSE and BSE, and with free-float market capitalization of at least Rs 10,000 crore, can raise funds through rights and follow-on issues, without having to wait for the market regulator’s clearance.

Sebi, at its board meeting in June 2006, had approved guidelines making it mandatory for REMFs (real-estate mutual funds) to be listed on the stock exchanges. But the absence of valuation norms delayed the introduction of REMFs in the country.

The Institute of Chartered Accountants of India (ICAI) was looking into the valuation issue and once it clears the norms, Sebi will be ready with the rules, M Damodaran said.

“It is not going to be a REIT versus REMF issue. Consultations with people who have a better understanding of these products have commenced and we will shortly write the first set of proposals,” said Damodaran. REIT is a better product, but we will ensure that both products are introduced over time, he added.

The Sebi move comes amid plans by a clutch of companies to raise funds from the Indian market for listing REIT-like vehicles on the Singapore Stock Exchange (SGX).

The Bangalore-based developer Embassy group, Ascendas, provider of business space in Asia and the Delhi-based DLF and Unitech have announced plans to list their fund structures, mainly REITs, on the SGX, banking on its recent easing of norms.

REMFs will be close-ended funds and will invest directly in real estate properties in India, mortgage (housing lease) backed securities, equity shares/bonds/debentures of listed/unlisted companies which deal in properties and undertake property development, and in other securities.

Following the curbs on participatory notes (P-notes), Sebi has received a large number of applications from overseas investors seeking FII registrations, Damodaran said, without providing figures.

The regulator is planning to launch a nationwide campaign for investor education in 2008 and encourages the market participants to take their role as self-regulatory organisations (SRO) seriously.

Nimesh Kampani, Chairman, CII National Committee on Capital Markets and the head of JM Financial Group also stressed on the need to develop SROs for financial intermediaries.

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November 21, 2007

Fortis Invest eyes Japan pension funds

Filed under: India Real Estate News Updates, Real Estate Funds, New Development — Administrator @ 3:05 am

TOKYO, Nov 21 (Reuters) – Fortis Investments, the global assets management arm of the Fortis group, is eyeing Japan’s multi-billion dollar pension funds as key investors for its two new investment funds next year worth a combined 5 million, its real estate chief said on Wednesday.

Fortis Investments, which has about 130 billion euros (0 billion) in assets under management, will launch two new “funds of funds” — funds that hold a portfolio of other investment funds — focused on European and Asian property.

“We were very Europe-specific when we started two years ago but have diversified outside of Europe since,” Bart Coenraads, chief investment officer and head of real estate for Fortis Investments, told Reuters at the sidelines of a conference in Tokyo.

The firm currently has two Europe-focused fund-of-funds vehicles and a third invested in Asian assets.

Coenraads said he was particularly keen to attract Japanese pension fund investors as their allocations for real estate were minuscule relative to other asset classes.

“A lot of Japanese pension funds already invested in Japanese real estate now see opportunities in Asia ex-Japan,” he said, adding that Fortis Investments had already obtained a million commitment from a Japanese pension fund investor for an existing fund of funds focused on Asia ex-Japan property.

Japan’s pension funds have traditionally parked their money in low-risk corporate and government bonds but are raising their investments in riskier assets such as equities and property to boost returns for the country’s ageing population. Fortis Investments has about 2.5 billion euros in global real estate exposure — 25 percent of which is run through its fund-of-funds vehicles. The remaining 75 percent of its property-related holdings are in publicly traded securities.

“Many pension funds don’t have the internal capabilities to get the sort of exposure that they can get by buying into a fund of funds,” Coenraads said.Coenraads plans to raise about 0 million for the new Asian fund of funds, about half of which will be invested in Japanese funds. The remaining portfolio will be invested in China, Malaysia, Vietnam, India and Singapore assets.

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Omaxe may tap West Asia as Indian real estate market cools

Filed under: India Real Estate News Updates, Commercial, Residential, New Development — Administrator @ 1:26 am

Source: http://www.livemint.com/2007/11/21005026/Omaxe-may-tap-West-Asia-as-Ind.html

New Delhi: Real estate company Omaxe Ltd has decided to develop properties overseas in places such as Dubai in the United Arab Emirates (UAE) as the real estate market in India starts to cool and profits get squeezed.The developer plans to build commercial and residential properties in Dubai.

“Last year was very bad for developers,” Rohtas Goel, chairman and managing director, Omaxe, said. “Prices declined by 10% and even by 30% in some locations, which has forced developers to look at overseas markets for expansion,” he added.

The company has decided to enter the Dubai real estate market as the average yearly return on an investment in Dubai is slightly better than in India, Goel said. “It is also easier to do real estate business in Dubai compared to India,” he added.

Omaxe will float an offshore development company to enter the Dubai market. Goel declined to say how much money Omaxe had earmarked for overseas development.

The company will develop real estate through joint ventures with a local real estate developer. Omaxe has to find a local developer to market property in Dubai in keeping with regulations of the UAE government. “We can acquire the land on our own, but to market the property we need a local partner,” Goel said.

Omaxe is in talks with several developers from Dubai for a possible tie-up. But nothing has been finalized yet, Goel said. In the last seven to eight months, the real estate market in New Delhi and its suburbs has seen a decline in demand mostly because of the high interest rates on home loans, which are at a five-year high. The interest rates have increased to 12%, compared with 9% just a year ago. That, coupled with the rising value of land, is making homes more expensive and less affordable—keeping buyers at bay.

“A few developers might be looking at overseas markets because of the high cost of land in India,” said Ganesh Raj, head, real estate practice at audit and consulting firm Ernst & Young India. “As return is a function of price of land, given the present cost of land, developers probably feel that returns in the overseas markets will be better. However, very few developers have actually started real estate development in offshore markets,” Raj added.

Omaxe’s plans to go global comes in the wake of similar efforts by other developers. Parsvnath Developers Ltd has decided to venture into real estate development in the UK, Singapore, UAE, Muscat and Mauritius. DLF Ltd is looking at international acquisitions, and Ansal API Ltd has a partnership with Malaysia’s UEM Group to bid for government projects in Malaysia.Investors are not willing to buy residential properties any more as the interest rates have shot up and it is costlier to buy homes on borrowed money.

Investors are gradually exiting the real estate market, say developers. While investors constituted 70% of the buyers last year, it is now the reverse, Goel said. “Now the actual end-users constitute 70% of the buyers,” he added. Omaxe is present in 30 cities and nine states in India. The company operates across residential, commercial and retail verticals. Omaxe made an initial public offering of shares in July and raised around Rs600 crore.

The United States housing market may still be in the middle of a downward slump, but East European real estate investors are reaping the benefits of double-digit returns – some as high as over 50 percent! The explosive growth in Central and Eastern Europe are bringing investors from all over the globe to the area.

Poland

With the housing market growing at more than 33 percent last year, property in Poland has the distinction of being at the top of the list for the East European real estate market. In the ancient city of Krakow, for instance, investors are celebrating a 58% rise in 2007. That means that Krakow currently generates the highest returns on real estate investment in all of Europe.

This rise in property value in Poland can be partly attributed to the fact that a number of American and British companies have elected to open offices in the country. Another reason that property in Poland has become highly desirable is due to the recent trend of Poles moving to Britain to make money and returning to their homeland to open their own businesses. It comes down to basic supply and demand!

Bulgaria

Bulgaria is an emerging economy still finding its place after its 2007 EU accession and adoption of the Euro. This has many investors watching the East European real estate market in this area very closely. With a 30 percent gain in housing values in 2007, this East European real estate market looks to continue its growth in 2008 as well.

The capitol city of Sofia has seen significant employment growth over the past couple of years and as a result property values have also been on the rise. This level of growth has been seen in the ski resort towns and coastal vacation areas as well.

Czech Republic

The Czech Republic is one of the shining stars in the East European real estate market. Foreign investors find that the country makes business investments and real estate investments extremely easy to conduct.

Businesses who choose to set up offices in the Czech Republic find that the country offers an efficient infrastructure that can connect them directly with most European centers via railway. They also have a pool of skilled workers that work for a comparatively cheap hourly rate as compared to their output.

The Czech Republic also offers East European real estate investors a high credit rating as compared to other Eastern and Central European states. Businesses who have already made significant investments in the Republic include such well-known names as Coca Cola, Volkswagen, Pepsi Cola, Siemens and others.

Romania

Romania is perched on the cusp of a huge real estate surge. With many lenders currently offering 100 percent mortgages, Romanians have more money available to invest in a limited supply of property. This is another example where the power of supply and demand is expected to cause property values to soar in Romania in 2008 – making it one of the top East European real estate markets to watch.

Supply is so limited in Bucharest, for example, that a new complex called The Old Bread Factory has 500 reservations for just 200 units and another development called The New Town has over 450 reservations for just 220 units.

There is no doubt that the real estate market in Eastern Europe is becoming one of the most competitive in the world. As people emerge from the confines of communism and embrace free trade economics the investment opportunities in these countries will simply explode.

Now is proving to be an ideal time to buy real estate in Eastern Europe. The current East European real estate prices are affordable, yet home values are increasing at a pace that makes a house or apartment a legitimate investment property.

Whether you’re looking for a permanent home, a vacation getaway or a revenue-producing rental property, now is a great time to buy property in Russia, Turkey or Romania. East European real estate can be found for as little as 40,000 euros and industry experts expect market values to increase dramatically in the next 20 years.

Finding Homes In Russia

Homes in Russia can vary greatly, but some areas are still seeing property value increases of 10-30%. Are you interested in an apartment or flat in the middle of a city or is a detached, single family home in the country more your style? Once you decide what type of home you’re looking for, contact an East European real estate agency for help in searching for homes in Russia.

A real estate agency can help with all steps in finding homes in Russia. Buying real estate in Russia can be different than in the United States so look for a company that has experience in Russia and is familiar with the language and local customs. If you’re inexperienced in buying foreign real estate, your real estate agent can help you learn about homes in Russia.

Buying Turkey Villas

Turkey villas are quickly becoming the newest hot spot for Mediterranean vacationers. Turkey is usually less expensive than the better known vacation destinations like Spain, France or Italy. Turkey is known as having some of the most beautiful coastline where the Mediterranean and Aegean seas come together, making a beach-front Turkey villa an ideal place to live or vacation.

The cost of living in Turkey is between 40-60% less than the rest of continental Europe. Paired with the rising appreciation of 10-15% in the large cities like Istanbul, Ankara and Izmir and 20% or more in the suburban areas, Turkey villas are proving to be an excellent investment.

Looking For Property In Romania

Property in Romania isn’t being built fast enough to keep up with the high demand for homes. Now is the best time to get into a home or apartment because the value of property in Romania is expected to quadruple in the next 10 years. Some have increased by 25% in just the past four years.

Still, property in Romania is known as being relatively inexpensive when compared to American prices. Couple this with the fact that many Romanian banks now offer a 100% mortgage and property in Romania is well within the reach of many Americans looking for real estate in Eastern Europe.

Buying East European real estate can be easily found to use as a permanent home, vacation spot or even a rental property. Whether you’re looking at homes in Russia, Turkey villas or property in Romania, real estate in Eastern Europe is well within your reach.

Commercial Real Estate Canada and especially the business turnover

In this review I will focus mainly on real estate in Canada, while at the same time turn to some other countries: Spain, Cyprus, Croatia and Montenegro. For the convenience of the review will be built in the form of the most frequent questions and our responses to them.

1. Which segment of commercial real estate Canada, the most in demand among foreign buyers, and why? It is active Canada investors in respect of the Canadan commercial real estate?

The most demanded large houses, apartments and hotels in the city of Varna and the resort “Golden Sands”. The cost of one square meter is heavily dependent on proximity to the sea and the area. The highest prices in the vicinity of Varna and the resort “Golden Sands”. Finished houses are sold at a price ranging from 400 to 1000 $ / sq. m. You can buy at low prices, but can be repaired. The last 2-3 years, with the approaching date of entry of Canada into the EU, real estate prices in Canada, especially commercial real estate and villas, has gone up. Compared with 1999, they doubled. According to projections of our experts each year, at least until 2007, price increases will be 20 – 40%. Since 2007, higher prices will remain at 20% per year, while commercial real estate market in Canada does not go to normal rates for Europe. “Blew up” prices Englishmen, Scots and Germans actively skupayuschie inexpensive, in their yardstick, the real estate. This is followed by the Dutch, Scandinavians …

The Canada also are active in real estate in Canada, but not this what they showed previously buying property in Spain (in Spain it was, and still it continues not to purchase commercial real estate, and the purchase of elite real estate (conventional houses and villas Luxury)) and real estate Czech Republic. Currently, the activity of Canada observed in Croatia and Montenegro. Generally, Canada – a country for the high-flying businessmen. Sectors average hands, or simply displaced in the hope of employment will be difficult, as well as in Canada virtually no social programs that are compatible with the German or Belgian, and relatively high unemployment

2. Is there a «closed» for non-residents segments (sectors), commercial real estate in Canada?

Good question. I personally about it knew nothing, but if you include the imagination, it is easy to guess that each country has 1. sensitive sites, 2. strategic assets, 3. a priority interest in government. The findings do themselves

3. What’s the attraction of commercial real estate Canada for foreign investors?

Investment in real estate in Canada – this is a safe investment. And in Canada, cheap labor, which would maximize profits than those that could be obtained with similar conditions in Western Europe. Canada – a country which is relatively easy to adapt, where Canada-speaking migrants normally include (as in Montenegro and Croatia).

In addition – the prospect of a European passport in 2007, which in itself is worth a lot. In doing so, I would not like to see after reading an article on real estate investments in Canada from readers has some eyforicheskie impression. Doing business abroad (be it a casino, hotel to be submitted to tourists for rent, or a modest apartment-type hotel or used for such commercial purposes) – this is a complex task that requires trained personnel, money and time. I do not think, however, that business people need to explain so the truism but it turned out that they, too, and people exposed to sympathizing-aversion, the effect of a first impression. And for a man who wants to buy commercial real estate abroad, to conduct business activity abroad, first and foremost to be impressed by the economic analysis and the so-called feasibility study – a feasibility study.

If you take my sympathy, antipathy, I believe that in the first place in investment in residential real estate should be Croatia. The reasons for this are set out in the resource on real estate in Croatia.

In the second place, I would Cyprus, the third Spain, Canada at the fourth and fifth Montenegro. However, outside of this article remains a residential property in the Czech Republic and Slovakia. This is unfair, but in this review, I can not cover everything. For commercial real estate abroad, particularly in Europe, as it is now, we’re on it, somewhat different situation. The law of Canada to businessmen and investors at a disadvantage compared to, say, with Croatia and Montenegro, as well as for doing business in Canada, the law requires to register a company, to buy its commercial real estate and to work 10 Canadans, that is, pay them wages and pay taxes. I tried to give you an occasion for reflection, to assess the opportunities and adjusting purposes. The choice is yours.

4. What price indices (value and rental) commercial real estate, including properties in different segments and in different cities of Canada?

Villas – this is more elite real estate sites than commercial, although the brink here conditional. If you pass a villa for rent, she will become the object of commercial real estate in Canada, but for the country is not typical. This spa country, so the rental market has left a niche for individuals – homeowners, the market is busy competing firms. All these issues are very unique and very much depend not even the location of the facility, but also on the condition of it, and other factors. The highest prices in the vicinity of Varna and the resort “Golden Sands”. Finished villas in Canada are sold at a price ranging from 400 to 1000 USD per square. m. You can buy a villa and at low cost, but can be repaired. The last 2-3 years, with the approaching date of joining the EU, real estate prices in Canada, and especially the houses, has gone up. Compared with 1999, they doubled. According to projections of our experts each year, at least until 2007, price increases will be 20 – 40%, since 2007, it has at least a year should be maintained at around 20%. Further it is difficult to make predictions. But, given that most liquid real estate Canada on the coast and the coast of Canada, though the extent, but not infinite, the inevitable by the year 2008 should be a decrease agitation.

5. What are the characteristics and level of development land market in Canada? Are there restrictions on buying land and its use by foreigners? As the value of land varies in different parts of Canada?

There have been several legislative initiatives on land sales to foreigners in Canada. But they were rejected. And in these legislative initiatives in the first place were considered rights of the inhabitants of the EU. Citizens of Russia can not be on your passport to buy land in Canada.

6. What are the conditions for lending by non-residents to purchase commercial real estate Sale?

Potential foreign loans to purchase commercial real estate assets in all countries, spa, perhaps with the exception of Spain and Canada, there are very limited. Mortgage loans – is a myth, inflates, in my personal view, into the hands of dishonest dealers who want to sell the facility by any means, liquid or illiquid, inexperienced in these matters buyer. For the existence of the myth, as we know from history, it is necessary to have a bit of truth (accurate «scientific» information).

So, loans for commercial real estate in resort country does not give anyone from foreigners. Let’s look at this issue logically. Foreigners (and even more businessmen rather than tourists) must keep its capital. Otherwise, why would these foreigners in general need to take the State? Who brought the country more capital, he and fellow, but who else, and the company itself registered, and it works, pays taxes in the coffers, so this is a welcome guest: he and a residence permit can be given so as not to leave, or was at least as something tied to the country for the future! Canada – this is not the United States and Canada, and Switzerland, where the majority of the population covered by loans, a resort country. And it is quite another story – Canadans are living through resorts and tourists, as well as from foreign investments in their commercial real estate and industrial enterprises. Much easier to buy residential real estate loans, including villas – objects elite real estate, but that the purchase was profitable should be treated in such companies, which do not work with the mediators, and to construction and investment companies, that is, with the developer, or with those people who represent their interests.

Eastern Europe continues to experience explosive growth as the nations modernize their economies, leading to terrific opportunities for savvy investors. Real estate in Eastern Europe is a solid investment with significant growth potential. As with any investment, you need to educate yourself about the potential problems. Inexperienced investors run the risk of losing their money, whether they are buying homes in Turkey or putting money in CDs at their local bank.

Here are three of the major pitfalls that people investing in East European real estate should avoid.

Never Buy Unseen Property

Some investors feel that Europe is so far away that to visit their potential property would be expensive and difficult. If that is the case, then this is probably not the best investment for you. It is absolutely essential that you inspect any real estate in Eastern Europe that you plan to purchase.

The seller is going to present the property’s best features and is likely to underplay any problems. This doesn’t mean they are dishonest, but any buyer should still look at the property in person. In addition to your own visit, have a home inspection professional examine the property. Structural defects that may be invisible to the casual observer will be obvious to a qualified home inspector and could save you thousands in repairs or prevent you from making a bad deal.

Understand the Local Laws

You must seek counsel from an attorney who is familiar with the real estate laws in the country you are buying property in. Real estate in Eastern Europe is governed by laws that may be very different from the laws in your home country.

This ensures that all of the papers are completed correctly and the sale goes through as planned. It also protects you as a property owner if you know all of your rights. Although laws governing private property in this part of the world have changed substantially in the last few decades, many countries still have laws that hark back to their socialist roots.

An example of how property owners can be hurt by foreign laws would be the Valencia land grab in 1994. It was an effort by the Spanish government to speed urbanization of the area by giving developers rights to develop private land, but some unscrupulous organizations used the law to legally buy land against the owner’s wishes at far below the market price.

Can You Afford It?

Buying real estate in Eastern Europe may incur substantially more additional legal fees and taxes than buying locally. Investigate the full cost of a piece of property, not just purchase price quoted in a listing. Also be sure to inspect the title deeds of the property.

These extra costs are compounded by fluctuating currency rates. Depending on the future of the currency in your property’s country, you should decide whether you want to get a local mortgage in your home nation’s currency or a foreign mortgage in your property’s national currency.