Month: August 2017

Nearly 80 Percent of the Real Estate Sales Give a Discount in Beijing ,China

China

Chain-estate market research and development centers showed that 79.5% of real estate sales project give a discount in Beijing at present. The discount rate is generally between 95% and 99% .

The experts point out that the discount promotions is relatively common in the real estate sales. But the discount sales almost disappeared in “the bull market”last year. The discount range is expanded day by day, and the rate is being strengthened now. This indicates that the real estate market of Beijing has begun to enter the peak period of adjustment.

 

15.7 percent of the real estate project initiate small adjustment.

 

According to the sale experience ,98-99% discount is normal. Therefore, It is generally believed that 96-97% of discount is slightly reducing its profit margins, and It is for the developer to make changes in order to adapt to the market.

 

The survey data show that 96-97% of discount account for 15.7 percent of the survey project which is mainly in Chaoqin and Wangjing area apartment projects. For example , AZ Town, the Beijing Star River, the Beijing-Chung projects, these projects have very large price increases early stage of the project, but the large area and the high price result in sluggish sales. Chain-estate market research and development centers believes the developers have made some adjustments, but it is still small adjustments in the current market environment.

 

10% of the project give a below 95% discount.

 

The discount rate (below 95% )has been relatively large. It indicated the developers have a certain sales pressure, the return of funds intent is relatively clear. Survey data indicates the sales discount below 95% accounts for 13.2% of the total survey project in Beijing.

 

There are other means of promotional items accounted for 8.1%., such as sending property fee, or delivery vehicles, delivery of parking spaces. Experts point out that if this way is converted into cash , a number of projects has reached about 95% of discount, but most of these approaches is limited or only old customers can enjoy.

 

In addition, the data show that no discount items accounted for 20.5 percent which half are concentrated in the CBD, the Asian Games Village area. The individual items plan to raise the price, which is basically concentrated in the two regions.

Bay Area, California Real Estate Market – Is it Time to Sell or Should I Wait?

Bat

The local and national media are “blowing the bubble” out of proportion. Listen to the experts and read the statistics as reported by NAR (National Association of Realtors) and CAR (California Association of Realtors).

 

The reality is that the market is balancing out, normalizing, flattening a bit, but experts are still predicting a continued appreciation (at least 10% if not more, compared to 20% + enjoyed here in recent years). Of course, there are no guarantees and no one knows for sure.

 

As a Realtor in the East Bay Area of California, I am seeing some price reductions on properties that have been on the market over a month, but this is because it is a Buyers market now. Agents are trying to find a starting price point after coming off of years of “throwing any price out there and getting it.”

 

Good agents do their homework and put a realistic price on the house in the first place, thus eliminating the need to broach the subject of price reduction with the Sellers. Since the Sellers ultimately call the shots,if they are properly educated on the current market (not the market 2 months ago or 6 months ago) then they are more apt to be realistic and follow their agent’s advice.

 

If you currently have or are soon to put your property on the market, and you have a good price on your property, just be patient; don’t be quick to reduce the price. Your property will sell, eventually; it’s just not a “quick-sell” market like we have enjoyed in recent years.

 

However, we are still seeing full price and near-full price offers being submitted, and even seeing some multiple offers here and there. Overall, real estate is still a great investment and experts are not predicting a loss, simply a slow decline in appreciation.

Millionaire City: A Real Estate Building Game Review

City

Digital Chocolate introduced the Millionaire City game in May 2010 and brought the online world a taste of real estate building. The game allows players to quickly become a millionaire but it is challenging enough to keep one interested.

In the game players create a city that is flourishing and race unlock new levels, which in turn unlock new houses, business, and decorations. All of these items enhance the game play.

 

Rental coins add up quickly if the player homes around the business, this way when the business is ready to pay out the surrounding homes will increase that payout.

 

There is no need to bug your friends about joining you in the game. If they already play, they are added to your game when you begin. It’s easy to get lost in this fame. I wish all the games on Facebook did this, as it would make playing all of the many games out here much better.

 

On the Millionaire City game, one can also make the game screen full size, so that t stretches over the entire monitor. This ways it’s easier to see what area is in need of routine work or expansion, without having to scroll all over.

 

It’s easy to collect rents as they come available on the small plot you are given . A player can click on all the homes and business that will fit in that area within a few minutes, but it maybe harder then the new plots of land are bought. Thank goodness, you can hire a rent collector.

 

The extra plots of land will costs you four million dollars in Millionaire City but once you out grow the starting plot you will have the money to purchase the adjacent plots easily. The money that can be made here is vast and come easily.

 

I think this game will be enjoyable to people of all ages. It’s simple enough for a child of 6-8 to learn how to place house quickly, and collect the rent. The cars will appeal to the younger kids as will the animations. Adults will enjoy the overall game experience of being a real estate tycoon on Millionaire City.

Russia’s Quietly Acquiring Some Very Prestigious International Real Estate. Not Buying It. Just Getting It..

Russia

Russia’s government is quietly acquiring some very prestigious international real estate. Not paying for it. Just getting it.

The latest example is the gorgeous Russian-style Cathedral of Saint Nicholas on the French Riviera. A blaze of colour, pattern, domes and spires on the outside and richly embellished inside the cathedral is undeniably a religious and architectural work of art. Designed and built in 1912, it was constructed on land that had been bought 50 years earlier by Tsar Nicholas II’s grandfather, Alexander II.

 

The cathedral was intended to cater to the Russian orthodox elite – aristocrats and industrialists in the main – who’d fled Russia for the French Côte d’Azur before the 1917 revolution. Many of those exiles took up residence in the lovely Mediterranean town of Nice so the cathedral became their local place of worship.

 

After the fall of the soviet regime two decades ago many new Russian exiles have arrived on the Riviera, many settling in and around Nice. This new Russian elite, fattened by post-Soviet governments, has made quite a splash with their huge wads of cash, buying up expensive villas with nice sea views and spending oodles of money in Riviera casinos. Whether they spend a lot of time in church is anybody’s guess.

 

The Russian government however, under Putin, was sufficently interested in the St Nicholas Cathedral to file a lawsuit in France requesting ownership. The grounds were that, well, the ground is theirs. And Russian money built the church. The French judges duly scratched their heads, turned the arguments about and inspected them and agreed Moscow could have ownership of the St Nicholas Cathedral on the Provencal coast at Nice.

 

Until the judgement, the church had been looked after for 99 years by the Nice Russian Orthodox Cultural Association (ACOR). They managed the 99-year lease granted by Russia’s czarist regime in 1909. Their legal argument, rejected, was that ACOR had in practice inherited the cathedral once the Russian royal family was executed by revolutionaries.

 

The cathedral in Nice is only one of a number of prime pieces of real estate that has had Russian state lawyers reaching for their books on international property law. In 2009, they snapped up another wonderful cathedral in Bari, Italy. Plus a building in Israel, “Sergei’s Courtyard”, that was built for Russian pilgrims in 1890. In 2008, they took possession of a Russian Orthodox cathedral in Paris. They’re now at work to win ownership of London’s St. Andrews Cathedral.

 

But Putin’s lawyers and Putin’s government are being far from even-handed when it comes to rights and responsibilities dating back to the days of the Tsarist regime.

 

A group of thousands of French citizens has been fighting for reimbursement of billions of euros in today’s money which have accrued in bonds their families owned in Tsarist Russia but that the Bolsheviks snatched. Vladimir Lenin refused to honour these debts owed by the Tsar. Despite an (unsatisfactory) settlement in 1996, 316,000 bondholders continue to claim reimbursement of up to 100 billion euros. A spokesman for the bond holders, Eric Sanitas, said:

 

“…when Russia owes money from the tsar-era we should forget about it – but when they want to claim property that belonged to the tsar we mustn’t forget that.”

 

In a nicely ironic twist to the soviet tale, the French bond holders have decided that – now that Russia owns the St Nicholas Cathedral in Nice – the group will legally claim it back in part-compensation for the bonds.

 

Source: http://www.time.com/time/world/article/0,8599,1956045,00.html#ixzz0l5fD1aer

 

Source: http://www.connexionfrance.com/index.php