Peters & Associates, Inc. is proud to announce a luxury sales event that will be remembered for years to come.  For the months of May & June, Peters & Associates, Inc. is hosting a Luxury Sales event where our home sellers have negotiated to include an exotic automobile valued at up to $1,000,000 in the sale of their estate.  The event is sure to get Charlotte talking.  Bentley, Lamborghini, Aston Martin, and Ferrari are just a few of the exotic vehicles that will be a part of this one of a kind event. 

In addition, the buyer will receive a country club golf membership to one of Charlotte’s most exclusive clubs.

Peters & Associates, Inc. has established itself as the Charlotte metro area’s leading provider of luxury real estate services.

Headquartered in the Charlotte metro area, Peters & Associates, Inc. is a full service luxury real estate brokerage firm and relocation company, which specializes in assisting high profile and high net worth individuals in their real estate transactions (buying, renting, selling, and investing), from first-time home buyers to savvy luxury property investors.

By delivering a stellar combination of extensive experience; comprehensive market knowledge; discreet, confidential, and exceptional personal service; and superior negotiation skills, through the following services Peters & Associates, Inc. has built an unparalleled roster of clientele throughout the Charlotte metro area.

For more information contact Rich Talbert at (704) 582-2096 or check our properties listed at www.YourLeaderinLuxury.com

* Vehicles and programs are subject to change at any time without notice. Peters & Associates, Inc. is not furnishing vehicles or incentives. Incentives offered directly by home seller and must be disclosed on the offer to purchase and contract & closing statement. Subject to lender approval. Please call for complete details.



By: Rich Talbert

About the Author:

Mallorca has increasingly become one of Europe’s top residential locations boasting an increasing number of rich and famous residents and visitors. With increasing levels of investment in one of the many high quality sea front villas, exclusive rural fincas or port-side penthouses, this segment of the market enjoyed continued growth well after the rest of the market had slowed as cash rich buyers sought a home not only for their families but also their money!

But what is the situation now, the prospects and what properties are available?

Firstly and from a general perspective cash rich buyers are likely to dominate this segment of the market for the near future as is the case in other locations, such as London and Paris, particularly where good rental income can be expected providing buyers with not only an ongoing yield but, if purchased at the right price, good long term capital growth prospects. The key is “quality” and “location” ie top quality specification with an excellent location – sea front or in unique locations such as Deia and Valldemossa or Old Town Palma. Supply is very limited and thus, it is our opinion, that long term growth prospects are very good.

Throughout the Island we can find truely spectacular properties such as the Cielo de Bonaire hill top mansion enjoying some of the best views in the Balearics; the La Fortalaza private peninsula with historic buildings luxuriously restored, over 85,000m2 of grounds and hundreds of metres of private coastline;  Son Coll near Arta in North East Mallorca a luxury finca with over 285,000m2 of land, private Spa and international quality tennis court befitting the current owner of the property; a magnificent rural retreat near Alaro, dating from the 17th century and meticulously restored; Las Brisas in Puerto Andratx one of the top 2 or 3 addresses on the Island, along with Formentor and Son Vida boasting 15 exclusive villas;  Sa Torre in nearby Sol de Mallorca, a Mediaeval fortified tower with direct sea access; or Portals Views one of Mallorca’s top penthouses enjoying top quality interior design and views to match!

That Mallorca has top quality properties, in truly stunning environments, is not in doubt nor is the fact that the Mallorca “brand” remains very strong and attractive to international buyers, but that is not to say however that these properties are immune from the world economic backdrop and that appropriate “pricing” is not also an integral part of the due diligence process. In the past top prices were demanded and paid while now they are demanded but less often paid.

While valuing such “unique” properties is difficult in any market, thorough market research and professional advice is more important than ever with the “odd few million euros” quite often dropping off asking prices when negotiations get under way and the seriousness of a purchaser seen! Obviously each individual case needs to be understood in it’s own right so “getting behind” the sale, who the owner is, why they are selling etc is critical to seeing where prices can be pushed and how a deal can be structured. This is certainly a case where buyers should be looking at their professional team, who is advising them and ensuring they are independent of the owners and sitting firmly in the “buyers corner” before any serious search gets underway. Legal and property advisors – Solicitors and Chartered Surveyors for example, should be appointed at the outset that can look at the ownership position; the land registry rights; finance and payment options; the valuation of any property being considered and it’s structural condition, all critical if an optimum price is to be paid. With so many millions at play a few thousand invested in a good set of advisors certainly pays dividends.

For further advice in exclusive property investment options in Mallorca and the Ballearic Islands, market conditions and valuation advice please contact David Novi BA MPhil MRICS at info@mallorcacharteredsurveyors.com or see the Mallorca Chartered Surveyors web site. See also Mallorca Property Finders and Mallorca Mortgage Brokers



By: David Novi BA MPhil MRICS

About the Author:

Hassle free luxury property investment

What could be more perfect than owning a luxury holiday home at a World Class Resort and receiving rental revenue whenever you are not using it?

The serviced apartment and condo hotel concept is a fairly new concept to UK investors, but is quickly becoming one of the most popular and profitable ways of owning overseas property. The concept which began in Europe in the late 1950’s combines the rewards of property ownership with the privileges and facilities of a World Class Resort.

Greg Walters of offplanpropertyabroad.com explains the concept:

“It is simple and one that investors and holiday home buyers are snapping up in huge numbers”.

“A typical buyer can purchase a property within one of these developments and will have full deeded ownership of the property, with the difference from a traditional property purchase being that once complete, when the owner is not using the property they have the option of placing the unit into the Resorts Management Programme”

“The property owner then receives a share of the room revenue generated through the rental of the property, which is often guaranteed, allowing you to enjoy your property when you want to and have your investment working for you”

These investments are not the timeshares of yesterday. These are luxury hotel properties, complete with all the amenities and services you’d expect from a four- or five-star hotel.

Buyers have full ownership of their property unit and are not restricted to a one or two week stay or a particular week of the year. In most cases they can stay 30-60 days per year in any configuration of time they choose. Plus, they can elect to place their unit into the hotel’s rental management program when they’re not using it and share in the revenue it generates.

Typically owners of properties within these types of resorts receive a higher level of income than they would from a traditional holiday home.

As part of the rental agreement, the resort management programme pays for most of the operating expenses such as house keeping, administrative and marketing costs. The investor can sit back and watch their investment grow and produce a profitable income and positive cash flow and the property can be sold or transferred at any time, just like normal property ownership.

Buyers have sophisticated taste

Who’s buying? Most condo hotel buyers are affluent, well-educated and well-traveled. They enjoy all of the amenities and services provided at a luxury hotel, including chic décor, personal concierge services, access to spa and fitness facilities, fine dining and often perks such as premier club access or a years golf club green fees and membership is included.

The Hospitality Industries premier names such as Ritz Carlton, Elegant Resorts, Four Seasons and Hilton are names all associated with the management of these types of schemes, and in fact around 90% of all hotels in the Caribbean and Mexico are Condo Hotel Resorts.

So here are the benefits of investing in a Fully Managed Resort Developments:-

• The investor owns the property and can sell it at any time at market value.

• Investor receives a share of the room revenue typically between 50% and 60% per year and is often guaranteed.

• No need to worry about renting out your property.

• Have the advantage of a global recognized brand and professional worldwide marketing of your property.

• Operating expenses are taken care of by the management company.

• Resale of the property will potentially be easier as it is more profitable than a normal property.

• Investors can use the property free of charge during the year normally up to 30 days.

• Easy to finance, banks like the Condo Hotel concept and see this as low risk.

Information on investing in managed resorts can be found at www.offplanpropertyabroad.com



By: Greg Walters

About the Author:

High net worth individuals are investing in properties of a varied nature. There are those that serve them for their living purposes, while there are others to earn them major yields. These could be resorts and holiday homes to hotels and the like, where holiday makers throng during vacations. The high net worth individuals are also investing in racing cars, horses, jets for private and commercial use, yachts and boats.

Along with on-line financial research, the high net worth individuals are constantly tracking information on shares trading, travel, news and technology advances. They are becoming more and more net-savvy, according to the real estate professionals. The reason behind this is their tremendous capacity for investing. Luxury real estates continue to grow on the strength of the purchasing capacity of the high net worth individual.

Financial management tools now available in the market enable the high net worth individual understand the value of his high-end, real estate holdings which run into multiple properties. Today, high net worth individuals are glancing in the direction of luxury properties on islands.

With the number of high net worth individuals increasing, the right properties are running short. Properties that high net worth individuals try to locate are falling short of meeting with the expectations of the buyers. Properties have been selling out like hot cakes when the right kind of property is available or identified. The criteria for locating luxury properties for the high net worth individual are different from those for the common person.

Time is one of the criteria for high net worth individuals for who distance or proximity, accessibility and convenience are a priority. Prestige and lifestyle are two of the other criteria which are taken into consideration when locating luxury properties. Hence, to remain ahead of the common crowd, the high net worth individuals are constantly on the look out for properties approachable by private jets and more so on islands which are away from the ‘madding crowd’, yet approachable by them at short notice and for short periods of visit.

Properties that meet with the criteria of the high net worth individuals should be in close proximity to the mainland of residence. The house should be so architectured that the occupants should be able to capture the surrounding view from each of the rooms. These properties are created with the most luxurious of interiors, having sourced material from different parts of the world, like roof tops from India, doors from Sweden and windows from the US, granite from China and fireplaces from Holland.

The entire place is made to exude an impression of luxury with its number of rooms, spaciousness and lighting, the landscaped gardens and the driveways. The floors are richly carpeted, with a mix of modern and antique furniture and artifacts. The drapes too are rich and lend individuality and character to each room. A rich collection of books goes to make up a much treasured library to complement their home. Many of these properties are sea facing or on beaches from where the high net worth individuals are able to sail out on their private yachts.



By: Kris Koonar

About the Author:

The property in Dubai has made it a commercial downtown and Dubai has emerged itself as the Shangri-La of real-estate deals. From its patronage of sand dunes and tranquil beaches, it has congealed into a global property portal . The property here has become a fountainhead of capitalist investments.

The cardinal attraction of the property in Dubai is its low prices that are one-third per square meter as compared to the property in the US. Apart from it, one can economize through the tax-free income in Dubai against the vast revenues in the US.

The rent prices have inflated to a minimum of 10% to a maximum to 50% in past two years. This progression in rates is drawing in the investors into property and to combat this hike, people are shifting to permanent property from lease.

Property in Dubai offers the perfect pedestal for the markets of Central Asia, Middle East, Africa, Asian Subcontinent, and East Mediterranean. A multinational company that wishes to maneuver the 2million people of this area with their GDP of U$6.7 trillion ought to earmark property in Dubai.

The economy of UAE is flourishing as ever with the rising oil-revenues. The national economy turns out to be a boastful add-on for the property in Dubai.

Various financial institutions are forthcoming with diverse mortgage and security rate options. The prime objective is to reduce the cost of borrowing. With so much to offer and aiming to cost lesser, the property are adjuring with the gleam of gold.

The salient features that the property offers are expanding its market substantially. The demand has amplified enormously. Dubai has emerged out as a commercial hub where all dealers want to invest considering the lucrative possibilities. It is becoming difficult to locate property in the key areas due to the tremendous demand. With this rapid bloom, it is anticipated that the property will experience a further increment in its monetary value.

The major property areas in Dubai have highlighted themselves as the ‘drawing card’ for which everyone has a quest. With the expansion of Dubai as a commercial platform, it is attracting more and more expatriates. Hence the demand is outlasting the supply and there is a stage of imperativeness being developed that causes an acclivity in the monetary value.

Dubai has a lot more to dispense than just property. The egression of the commercial environment has brought with it a new era of lifestyle and glamour. The efflorescence of malls, hotels have given a new dimension to leisure and entertainment. Dubai has turned out to be the ideal destination for all shopping-lovers. It offers an avid and luxurious environment. With the connectivity to other countries via airport and other global means, Dubai offers the nonpareil blend of connectivity, investment, globalization, and commercialization and a property in Dubai gives a countenance to avail all these perquisites.



By: Property Reporter

About the Author:

There are plenty of websites which are providing contemporary India with some of the best constructions and property deals and rates. Over past few years, properties in Dehradun and the real estate market here have altered totally. The country has witnessed some of the best builders from across the world showing their interest here. There have been major reasons for the growth of this sector and this includes the booming economy.

There is no doubt that the emergence of MNCs and other global labels have totally changed the prices of properties in India. The prices for properties in India have more than doubled in several areas. Due to influence of growing economy, many places have witnessed market prices touching the sky.

Also the best builders from across the world have taken interest in the Indian property market and the real estate scenario. Nowadays, real estate developers are constructing as per to international levels for higher living standards. Builders are planning their constructions to make sure that comfort and facilities are provided to all investors. There are some basic priorities given to the people living in these apartments.

The boom in the real estate market and rising prices of properties in India has reached an all time high. Thus, one can see upcoming constructions everywhere and investors are not satisfied with middling apartments and standard of living. Most buyers looking for apartments in condominiums are willing to pay higher rates. Though, they seek far from these basic facilities, provide by builders.

The Indian real estate rates have been increasing and attempts to make luxury apartments with the latest amenities are being catered to. Thus, there is swift growth of property in the country, which is also relying on the government rules. According to government rules, most of constructions facilitate in investment in terms of foreign direct investment. The booming economy has improved the prospects of the Indian property market.

Apart from this, financers are also willing to give friendly policies for the builders. This has helped the real estate business to emerge as the second largest employer, with agriculture taking the first place.  

Conscient, a leading name for apartments Dehradun, apartment Dehradun and luxury property Dehradun, offer most luxurious property in Dehradun with high-class amenities.



By: Ashish Goyal

About the Author:

The main aim behind the creation of the Euro currency was the creation of greater political solidarity within the EU, but by having a common currency participating member states have additional benefits such as the elimination of currency fluctuation risks, transparency of pricing, reduced transaction costs and increased market expansion opportunities for greater inter-Europe trade.

The introduction of the Euro as a physical currency back in 2002 went quite smoothly, and until now the Euro Zone enjoyed a relatively strong and stable economy.

However, some experts believe those seeking the best value for money in the current climate in terms of the property they can buy, the Euro Zone is not necessarily the best place to be looking. The strength of the Euro against both the pound and the dollar has some say, taken the shine off the traditional overseas property markets in countries such as Spain, France and Italy.

Plus Europe’s worrying state of stagflation, (stagnant growth combined with inflation), is causing concerns about the overall Euro Zone economy and member nation’s forecasts for the near-term, an increasing number of astute buyers are looking further afield to see where the better property deals are to be purchased and where a more affordable lifestyle can be enjoyed. Below are some key markets to consider:

Turkey

According to Dominic Whiting from Buying In Turkey Collection, Turkey is an exceptionally good choice for those who specifically want the ease and affordability of European accessibility but who want to buy outside the euro zone and its current economic instability.

He said: “The cost of living in Turkey and the cost of buying property is a fraction of what it is across the Euro Zone, and what’s more, as Turkey aligns itself for ultimate EU entry, anyone buying in Turkey today is essentially gaining all the benefits of a European purchase without the resultant economic headaches caused by a strong euro and high levels of inflation.”

Buying In Turkey Collection has for example, Dream Village, a development of one, two and three-bedroom apartments, duplexes and villas with private gardens and swimming pools set in the area of Tuzla on the Bodrum peninsular. Conveniently close to the golf courses and airport, the prices start from 59,000 pounds / 75,000 euros.

Spot Blue has a villa development for sale in Gocek close to the local marina and with their own private swimming pools, parking and gardens at prices from 115,000 pounds / 160,000 euros.

USA

Thanks to the US dollar’s demise against the pound, America is certainly a favourite with British buyers looking to get more for their money abroad. However, pockets of the American housing market are to be avoided as over supply and lack of mortgage financing is stifling potential at least for the short-term. Astute buyers are looking for dollar priced property in locations where there is reason for strong and increasing demand.

Canada

If America does not appeal because its economy is suffering, John Prior, MD of Undiscovered Properties argues that there is only one alternative worth considering, Canada.

To suit someone seeking attractive property for both lifestyle and potential rental reasons, the Louisbourg Resort Golf and Spa might be the answer.

The resort has The Fortress18-hole championship golf course, complemented by a par 3 18-hole course, both designed by Nick Faldo. Located on the island of Cape Breton, Louisbourg is just 2km from the shore and close to the mountains so that residents can enjoy everything from fishing, whale watching, hunting, watersports, skiing, diving, snowmobiling and hiking.

The properties that are available for sale will be built to the architectural preference of the purchaser with 2, 3 and 4 bedroom styles available with a range of 8 architectural designs to choose from. Each lodge property comes with a basement, sauna and Jacuzzi. Prices start from 215,000 pounds / Canadian 438,512 dollars.

Bahrain

Those who have seen how the Middle Eastern property market in Dubai has rocketed and who want to get in on the next wave of property success in the region are targeting Bahrain.

Barton Wyatt International is marketing Riffa Views, the first residential golf resort in Bahrain. There are 870 high-end villas all set around the Colin Montgomerie designed 18-hole championship golf course. For sale are a range of townhouses and villas with between 2 and 5 bedrooms.

Riffa Views include a country club with a Boris Becker tennis academy, a health centre, community centres and sports and outdoor leisure activities including hiking and bike trails and water sports. Other features include a shopping mall and Fun Land for the children. Prices start from 260,000 pounds / 342,200 euros through to 1,800,000 pounds / 2,300,100 euros.

Isla Margarita

Isla Margarita in the Caribbean is, according to Mark Andrew from Emerging Earth, property an island that is particularly attractive for British and European buyers because some of its best property projects such as Caracola Beach and Spa Resort are soon to be priced in the weak American dollar.

He said: “Isla Margarita is just the perfect location for an investment property in a rapidly up and coming resort. The island benefits from the fact it is outside the hurricane zone yet well within the Caribbean and therefore of maximum appeal to all those going in search of warm seas, perfect soft sand and an ideal climate for most of the year.”

The island is seeing massive increases in tourism numbers and there are tax breaks for buyers plus insurance bond backed guaranteed rental returns of 7 percent pa for 10 years. Properties for sale are apartments and duplexes. There are on site restaurants, bars, swimming pools, chill-out areas, a spa, gymnasium, beauty salon, high-end retail outlets and landscaped gardens.

All apartments are 1 or 2 bedroom, come fully furnished and are also SIPP qualifying for British buyers who want to include property within their pension. Prices start from 79,000 euros / 63,000 pounds and are soon to be available in US dollars.

Egypt

Egypt offers European and British buyers one of the closest locations to Europe and the Euro Zone with year round sunshine, which has helped Egypt emerge as a tourism and property hotspot.

The Egyptian property market can be considered young in terms of international investor interest, and the nation certainly offers buyers a chance to get in now and potentially profit for the longer terms as tourism arrivals are set to increase over the coming decade. For sale in Egypt from Experience International and located on the Red Sea Coast 15 minutes from Hurghada International Airport is the Veranda project.

Veranda, situated on a white sandy beach, is a gated resort with 24-hour security and a wide range of facilities including swimming pools with waterfalls, tennis courts, restaurants, a luxury spa, a gym and a cocktail lounge.

Properties range from one and two bedroom apartments to three bedroom townhouses and four bedroom villas. Prices start from 60,750 pounds and allow the British buyer to secure their purchase in pounds sterling.

Malaysia

Also from Experience International is an opportunity in Malaysia which is a nation emerging as one of the strongest economies in Asia with growing tourism appeal.

The level of tourism demand presents Fly to Let investors with the chance to profit from rental returns, and it has ongoing property based interest from affluent expats seeking property for sale giving any buyer a strong exit strategy.

Experience International has a development for sale called Golden Palm Tree Water Villa in Sepang. It is located on what has been dubbed ‘the longest coastal paradise in Asia,’ the Golden Palm development is an exotic Gold Coast resort with properties having the unique architectural feature of being situated on stilts and being constructed out over the sea.

Facilities include swimming pools, a gym, spa and a library. Prices start from 147,709 pounds.

Brazil

Brazil is buzzing both economically and in terms of the attention it is receiving from overseas investors. In southern Brazil the Rio de Janeiro housing market is proving massively popular with investors seeking long-term rental units, and in Northern Brazil on the East coast the tourism market is booming.

The accessibility of the destination has already massively improved, and as a new international airport is nearing completion, so savvy investors know that the record growth the market in the region of Rio Grande do Norte has already seen will very likely continue as the region opens up to even greater numbers of visitors.

The Pipa Hills resort from Experience International comprises of 3 bedroom villas set in the Brazilian Atlantic Forest and 200 metres from the centre of the town of Pipa Beach.

The development is also very close to Pipa’s pristine beach and it has luxury amenities such as a lagoon, swimming pools, bars and restaurants all on site. Prices start from 131,152 pounds.

Botswana

For investors seeking an alternative market opportunity the Limpopo-Lipadi Game and Wilderness Reserve is a unique investment opportunity in the heart of the southern African country of Botswana.

The reserve covers an expanse of over 80,000 acres with various lodges located throughout the reserve – but the properties themselves are just a slice of what the project offers purchasers. As an investor into the reserve one contributes to a unique and internationally acclaimed ecosystem model that Limpopo-Lipadi’s founders hope will set the standard in conservation sustainability in the 21st century.

An investor into the project effectively owns part of the game and wilderness reserve and can visit as often as they like, be part of the decision making process of the reserve or just simply enjoy the many diverse ecosystems.

Investment capital will be used for everything from further land purchase to the development of the lodges, camps and two commercial tourism properties for the introduction of paying guests to the reserve.

There are different levels of investment involvement that one can commit to from a purely financial point of view, entry level investment is 195,000 dollars, but the difference that you can practically make and the benefits that you can personally witness and enjoy are limitless.

Thailand

The appeal of Thailand is indisputable which is why it has an incredibly strong tourism market.

Buyers who want to tap into the high-end might like to consider The Village development on the Maphrao Island, Coconut Island, Thailand. The luxurious property development has been carefully designed to ensure that all properties enjoy views of the Indian Ocean whilst at the same time homes are situated around waterways and palm groves.

The Village is a haven for water sports lovers, with its own pier for boating enthusiasts and it has boat storage and quick launch facilities.

Fishing, diving, snorkelling and general exploration of the Phuket Islands are also activities available from the resort development. Phuket’s golf courses are a short boat ride away, and the resort has a private beach for sunset walks, all day sunbathing and swimming.

Prices for a sea view villa with two bedrooms, two en-suite bathrooms, one guest bathroom, a spacious living area and swimming pool start from 302,950 pounds / 18,950,000 THB.



By: Karl Hopkins

About the Author:

So you have fallen in love with Thailand? Like so many others before you, and the thousands that will follow?  For whatever reason, you have chosen to own a property in Thailand? This could be for the long term prospect of making this wonderful country your permanent home, or as a potential investment, and/or for the pleasure of having a luxury holiday home in the sun. Whatever the reason, there are certain things you need to consider before jumping head-first into a purchase.

Naturally, what seems like a great idea at the time can often change after a full investigation of the pro’s and cons?  There is certainly no reason not to consider such a purchase, but like any property deal back in Europe or the USA, it is advisable to carry out due diligence beforehand.  Find out the facts before you sign anything, and be sure you have covered everything before you proceed.

Thailand is a wonderful country with some beautiful beaches, an amazing climate and a very laid back approach to life.  All very appealing to the foreigner just off the plane from their stressful lifestyles back in Europe or the USA?  But before you sign on the dotted line of a contract, please ensure all the necessary due diligence has been carried out, as it would have been back home.

Always seek professional legal advice and get a qualified registered lawyer

The first and probably most important decision you will make is to talk to a Thai registered, qualified lawyer who is respected and/or has been highly recommended. This is incredibly important as until you have some in depth knowledge of Thailand and the Thai real estate market, you will need professional and honest advice.  A good, trustworthy Thai lawyer can assist you in so many ways, save you money and provide many answers to the numerous questions you undoubtedly will have?  They can also help you avoid any unnecessary pitfalls created by your lack of understanding of the market, and will guide you through any language barriers.

Always remember when appointing a Thai lawyer, you are basically hiring his/her professional services in order to help protect you from any unforeseen pitfalls, guide you on Thai real estate law, help with any lack of understanding and/or protect you from any unscrupulous individuals that may be looking to take advantage of you. Lawyers are worth every baht they charge if they are honest, qualified and licensed. Hire a good one and they are an invaluable source of information and expertise.

A Good Law Firm will:

Check the current owners have the correct title to the property Check for any charges and liabilities still owed on the property Check your contract and advise you on the obligations/responsibilities of all parties Guide you through the payment/funds transfer Ensure that the property is registered appropriately and in the correct name Provide valuable and essential legal information Advise on visa regulations and your options Safe guard you against unscrupulous persons wishing to take advantage

 

Ownership Laws for Foreign Buyers – Ask a Registered Thai Lawyer to Help

Currently the laws in Thailand only allow certain types of property to be purchased and owned on a freehold, and you need to know what they are. A Condominium is the first type that comes to mind and a very good option. But even with a condominium one needs to check the unit to be bought falls into the correct legal category.  Check the laws governing this, and make sure you carry out all the right actions that create a smooth and hassle free purchase.  As already mentioned, a licensed Thai lawyer will do all this for you, and they are worth very baht they charge!  It is only the foolish who buys a 15 million baht property and then objects to pay a lawyer 50,000- 100,000 to deal with the transaction.  A Thai lawyer is there to protect you and your hard earned money.  Don’t be foolish, and always make sure you seek good legal advice.   It can also be foolish, to go the cheap route and use any of the numerous unqualified legal advisers who offer ridiculously cheap legal assistance.  Many, you often see in the back of tourist magazines, newspapers and occupying numerous street shops.  Once again, be careful, take your time and be sensible. There are some excellent lawyers out there and you just need to find them.

As a foreign investor, there are also ways to lease property in Thailand for up to 30 years!  Many are happy to choose this option as a freehold property can be owned by a foreign investor on leased land.  And even then, there are ways to extend a 30 year lease, but not necessarily with a complete guarantee.  Once again, check with a qualified, registered lawyer.

Buying on one of Thailand’s fabulous developments

There are numerous fabulous developments throughout Thailand and one should take their time looking.  Decide on the location such as beach area, city, country side, and take the time to look at the various projects in that location.  There are many locations to consider depending on where you wish to live. The main areas and popular choices are: Bangkok, Pattaya, Koh Chang, Rayong, Hua Hin, Cha Am, Chiang Mai, Ko Samui, Phuket, and Krabi.  Each area has its advantages and disadvantages, and there are a wide variety of developments to choose from.

Make sure you deal with a reputable developer, one that can help you as much as possible.  Ask your Thai lawyer to check any contracts and title deeds they may provide, and always seek legal advice before signing or paying for any property.  If the developer is reputable and serious, they will fully understand the need for your lawyer to be involved and in fact should welcome it, as it shows they are open and honest with nothing to hide.  A reputable developer should also be happy to provide all information as regards the building of the property you are purchasing, and any information regarding title deeds, ownership, communal areas, guarantees and whatever pertains to the successful purchase.

Building your own Home in Thailand – Exceptional Value for Money!

Building your own home is a fantastic option and probably the one that allows you to take full advantage of Thailand’s very reasonable prices. It allows you to get the most for your money.  But once again, this can be problematic if you do not consult a professional, registered construction company.  There are many unqualified builders out there, as in the West, and many are carrying out construction with no previous experience whatsoever.  Some do it as a hobby, others foolishly do it as they think it’s an easy way to make money; and some even do it because they think it’s an easy thing to do.  But as we know from Europe or USA the reason we have qualifications, the reasons we have regulations on construction, is because it is, a very complex task.   If you wish your house to be built to a standard acceptable to international standards, then make sure you get a registered company to do it for you that can provide examples of their work as well as testimonials and references.

Make sure you use a Company with Construction Experience

Remember standards in Thailand vary widely and don’t be one of the many victims who end up with a home whose electrics are not earthed; windows have gaps around them, doors that do not fit, and structures that have no guarantees.  Be sensible and careful. Ask the right questions and make sure the company you choose has a good reputation and is registered as a construction company, not as an individual or via their wife’s name.  There is little come back if it is built under a person rather than a company, and any serious builder will have a registered company set up.  But even then, make sure you ask the right questions, and make sure they have many years experience in construction.

If something sounds too go to be true; then it probably is?

A Registered Construction Company will:

Assist and advise you on the prices, styles, types of property Provide recommendations, references or testimonials from satisfied clients Provide a synopsis of their experience within the construction industry Assist you with architectural plans and consult with you on them Make sure your plans are signed by both a qualified architect and structural engineer. Very important if you insure your property later on, as many insurance companies will contest any payouts for damage or problems, if the property construction was not carried out by professional people and/or was not designed by a qualified architect and checked/signed off by a structural engineer. So make sure it is.

·Make sure the architect provides you with a complete set of detailed plans and will provide copies         for all government offices that require them

Provide a professionally written legal contract, outlining both parties’ responsibilities and safeguarding both parties’ against disagreement or conflict. It should list all the particulars of the agreement and any additions, changes or alterations to the detailed plans. If specific materials or finish have been agreed, this should also be listed clearly with in it. Obtain official permission for your property to be built and provide the government with an documentation they require Provide a clear and concise construction payment schedule Offer stage payment options Provide full invoices for each construction stage Be available to answer questions and give advise throughout the construction process Provide guarantees

Find the Right Company and Build that Dream Home for a lot Less than you think!

Find the right construction company and you can build a quality luxury 4 bedroom house with pool for 7-10 million baht, a 3 bedroom bungalow for 3 million baht and an exclusive millionaire’s home for 25 million baht. The choice is yours to make on how much you wish to spend.  However once again you need to check with a registered lawyer as regards the law and make sure you are able to do what you want to.  Many foreigners who are married to Thai nationals choose this option to build and have a contract drawn out by their lawyer, between them and their wife.  It satisfies their desire to live in their own home, safeguards them as much as possible and maximizes the money they have to spend. Once again seek good legal advice and there is no reason why you should have problems.  The major plus point of building your own home and using a professional construction to do so, is you get so much more for your money than if you bought on a development and can customize the property to your own needs, preferences and budget.

 

Check all Your Options and Consider Everything Carefully

If you are married to a Thai national then there are other ways to purchase and complete your property ownership.  As is the case if you are investing large sums of money into Thailand. There are so many aspects to consider and it is actually not so different to any country in the world.  England and America have rules governing such activity albeit they have learnt fairly quickly that is far, far more beneficial to free up such laws, as foreign investment greatly benefits the economy.  However this is still early days for Thailand and it will take time for the change to take place.  But ultimately, you can buy property here and thousands do.  As long as you know the laws, understand your position and are happy to buy on that basis, then you could be the proud owner of a luxury property that cost five times less than a similar property back home!

Check the Visa Regulations and any Taxes or Transfer Fees

Another aspect you need to consider, is how long you wish to stay in Thailand and what the visa regulations are in relation to your country of origin? There are various types of visas available and once again you should seek the advice of a registered Thai lawyer.  It wouldn’t be a good idea to buy a beautiful property only to find out that you can only stay in Thailand for one month at a time right?  So this needs careful consideration, and preparation.

Make sure you fully understand the taxes and transfer fees you may have to pay on final transfer of ownership. This is important and once again a good lawyer can help you with all of this.

Quick Purchase Guide

The Initial Purchase Agreement

The initial purchase agreement will detail price, terms and conditions, settlement date etc. and in most cases a 5-10% deposit will be required to secure the property. This deposit is refundable should the sale not go through, as long as it is not your fault.

Reservation Fee

When buying a new condominium, an initial reservation deposit of is required and this amount is deducted at a later stage from the total price.  Once an agreement is signed, usually 10 to 15 days after the reservation, the buyer is required to pay 5% – 10% of the total price.  Depending on the terms of the contract, the balance then could be due in installments or as a lump sum at the time the title is transferred

Fees

As a general rule, for residential sales you can expect the total fees and taxes to work out to be approximately 2% to 3% of the property market value.

There is a stamp fee of 0.5%, a transfer fee of 2%, a business tax of 3.3 % (levied against a vendor who has been in registered possession of the property less than 5 years), and income tax (similar to capital gains tax) at a variable rate.

Property Taxes

There are 2 different types of tax levied on property in Thailand:

1. Land Tax

This is an annual tax levied on land ownership. The amount is often so small that in practice the body charged to collect it rarely bothers to do so. When they do collect it, it is usually after several years when the amount has accumulated.

2. Structures Usage Tax

This only applies to commercially used properties. The rate is 12.5% on the actual or assessed gross rental value of the property. However, this notional value is well below the commercial market rental value.

If the property is purchased through a company, you need to consider that corporate tax is higher than personal tax, and the cost of setting up the company must be considered as part of the initial investment.

Capital Gains Tax

There is no capital gains tax in Thailand and income tax (usually between 1.0 – 3.0%) on property is the comparable replacement.

Finance

Mortgages in Thailand are still difficult to arrange. However, recently a new branch of the Bangkok Bank has opened in Singapore, which has opened up borrowing possibilities for property investment in Thailand, financing as much as 70% over 10 years for property purchase.  You should expect to get no more than 50% in finance, with the exception to some well-known developments where finance of nearer 70% is available.

HSBC and UOB has a presence in Thailand and can offer loans of between 1,500,000 and 35,000,000 Thai Baht. Typically they will lend up to 80% of the purchase price and interest rates can be fixed for up to three years.

To buy a condo or another property with a loan, many purchasers get a mortgage in their home country and then transfer the money to a Thai bank account, while using a lawyer to oversee the logistics of the process.

But please check the current situation and speak with banks direct.

Please note: Laws and regulations do change and can vary, so please make sure you check with a qualified lawyer. The above information is only to offer an insight into the property world and not as an accurate guide. We are not legal experts and nor profess to be so. Always clarify everything with a lawyer and get an up to date perspective on your situation and any laws regulating what you wish to do in Thailand. The above article was written at a specific time and maybe regulations, taxes and laws have changed since this was created. We waiver any liability, legally or otherwise in its detailed accuracy and can not be held accountable in any way.

Thailand is an amazing place to live and a there are some wonderful real estate and investment opportunities.  If you take care and be sensible, then you too can be the proud owner of an amazing new property at half the price it would cost in the west. 



By: Peter Evans

About the Author:

For the past few decades France has been the country of choice for people looking to invest in overseas properties and the majority of interest has concentrated on property for sale in the South of France.

Historically it has been the South-East of France and Provence in particular that has received most interest from foreign investors. As a result, prices in many parts of the region have risen sharply, and it has become increasingly difficult to find good value for money.

In recent years, however, there has been increasing interest in property for sale in the South West of France, and in the region of Aquitaine in particular.

Situated in the South-West corner of France, Aquitaine shares its southern border with Spain, and is defined to the east and west by the Midi-Pyrenees and the Atlantic Ocean respectively. As such it is a region of remarkable diversity with Pyrenean hill-top towns in the east contrasting with Atlantic seaside resorts in the west. There are also great natural wonders and the region is home to the Dune de Pilat and the Forest of Landes, respectively the largest sand-dune and the largest pine forest in Western Europe.

Part of the reason for its growing attraction has been its increasing level of accessibility. The region is served by several airports many of which offer low-cost services to destinations all over Europe, with Easyjet serving Biarritz and Bordeaux and Ryanair serving Biarritz, Bergerac and Limoges. The region is also extremely well connected to the TGV network with stations at all the major towns including Bordeaux, Pau, Bayonne, Arcachon, and Biarritz.

Investment Property in Aquitaine

It is this combination of beautiful scenery, excellent transport links, and high quality of life that has caused Aquitaine to become increasingly popular amongst those looking for both budget and luxury properties in the South West of France.

If you are seeking investment properties in Aquitaine, it is worth noting that in 2006 property prices in region rose 7 per cent for existing properties and 19 per cent for new-build, while demand for land was high and plot prices were increasing.

Although many of the people investing in Aquitaine properties are relocating on a permanent basis, the excellent transport links make the area very attractive to those looking for a holiday home that they can let during their absence.

Luxury Property in Biarritz

Those looking for luxury French property for sale in Aquitaine should look no further than Biarritz. Situated in the south-west corner of the region and within a stone’s throw of Spain, Biarritz is one of the most fashionable seaside resorts in France.

Biarritz property prices for typically range from 200,000 euros for a 1 bedroom apartment to 400,000 euros for a 4 bedroom apartment or house. However there are also some luxury Biarritz properties for sale prices closer to 1,000,000 euros.

Property in Pau

Situated 100km to the west of Biarritz, Pau is a charming town that overlooks the valley of a mountain river called the Gave de Pau. It is dominated by the Château de Pau, and its principal claims to fame are that it’s home to continental Europe’s first golf club as well as the world’s first Formula One racing circuit.

Like much of Aquitaine, properties in Pau represent extremely good investment potential and in the fourth quarter of 2007 property prices in Pau had increased by 12 per cent.

Beginning your Search for Property in Aquitaine

If you are serious about investing in luxury properties in the south-west of France, or more specifically property in Biarritz or Pau, then you would be well advised to spend at least two or three weeks in the area. Why not spend your next holiday in Aquitaine? Even of you don’t find a property to your liking, you are sure to enjoy your holiday in this wonderful and diverse corner of France.



By: Rumble Romagnoli

About the Author:

In Singapore, there was a boom period earlier this year and in the last quarter of last year. A survey in Q1 2008 showed that Singapore was considered the best place in Asia to buy real estate. Yet further to this, leisure and tourism investments, as well as the Singapore property market generally, had taken a turn for the worse. Sales have been sluggish in recent months, however office units and hotels set record figures last year. With several luxury projects due to be completed in the near future, there is hope yet for Singapore’s property market.

Singapore was widely recognized to be in a boom period earlier this year, however, the downturn of REITs in the end of the first quarter were the predictors of a slowdown in the market generally, and some have been disappointed by the property market’s slowness. Businesses with high yields, valuable assets or that are greatly discounted from book value have been feeling vulnerable for some time now.

The lethargic growth of this year contrasts with the excellent results achieved by developers last year, when more than 14,000 homes were sold in the first half of 2007. However, one of the key factors in the downturn in the property market was the government’s decision to end deferred payment schemes, making property less accessible to many buyers. In fact, in January, only 396 homes were sold by property developers. However, there are several factors which bode well for the Singapore property market as the second half of 2008 gets into full swing.

One of these factors is the low unemployment in Singapore currently. It will be necessary to bring in foreign workers to fill both skilled and unskilled positions, and this population growth from expatriates will help fuel property demand.

Another very important factor in Singapore’s return to a favourable property market is the interest rates currently. They are just under 2%, which should help fuel demand for property, especially in a global climate of increased cost of borrowing.

Another factor is the optimism with which some developers are carrying out their business, on the back of some very strong sales results for particular developments. One branded condo development in Singapore recently sold for $4,000 per square meter, as opposed to the $2,500 per square meter that such a development would fetch without a brand name attached. One developer in Singapore, encouraged by these figures, is now set to offer two units, at a sale price of around $30 million.

Neighbouring areas in Asia are doing well in the luxury property stakes also. Property developers such as Value DesignBuild and Brigade Hospitality Services in India are now diversifying into spas and resorts away from the main cities. They say there is a huge scope of business and demand in the leisure and hospitality investment sector. Given that there is only so much room for expansion in the residential and commercial sectors in the cities, luxury property will be a hot item in India’s real estate scene also.

Nearby in Thailand, beachfront properties are appreciating at a rate of 20% per year, according to real estate salespeople.

The tourism industry in Singapore is currently doing well, and the country aims to have 17 million visitors by 2015. In 2007 a record 10 million visitors came to Singapore from overseas (except India), with large numbers of Indians also visiting, as usual. These tourists will fuel demand for luxury short-term accommodation, as well as the luxury properties in Singapore which should be sought after by longer term tenants.



By: Gregory Smyth

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