Please enter a valid email addressPlease enter a valid email address Spanish property crash concerns on the rise
26/04/2007
British property-buyers looking for a place in the sun are being warned to think hard before rushing to buy a house in Spain.
The classic European hotspot for second-home buyers and retirees could be facing a drastic property boom downturn, experts have warned.
Mary Somerset-Webb from MoneyWeek magazine told BBC Radio 4's Today programme that prices will begin to fall soon, and could plummet by as much as ten to 15 per cent before stabilising.
"House prices have risen enormously over the last few years," she explained, creating a situation where prices are now "rather too high based on affordability levels" in Spain.
Supply, she commented, was beginning to outstrip demand for new-build housing in the country as construction companies kept feeding the seemingly insatiable demand from overseas buyers and new immigrants.
But this week, shares in several Spanish and London-based construction companies and banks began to look unstable, with share prices for Valencia regional developer Astroc falling 62 per cent last week.
According to Spanish Property Insight, Britons buy approximately 40 per cent of the new homes built in Spain every year.
Find out more about how you can compare Spanish property
© Adfero Ltd
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Friday, April 27, 2007
Condotel Investment “Boom” in the Philippines
Lerri Calligher of E-Quity.Com an International Real Estate specialist company, recently looked at the Philippines on behalf of several private investors and investments trusts in Europe and the United Kingdom, specifically the Lancaster Suites Condotel developments in Metro Manila and Cebu.
Lerri Calligher of E-Quity.Com an International Real Estate specialist company, recently looked at the Philippines on behalf of several private investors and investments trusts in Europe and the United Kingdom, specifically the Lancaster Suites Condotel developments in Metro Manila and Cebu.
E-Quity.Com was formed in 2000, as a sister business to TheMoveChannel.Com initially to accompany people abroad to help them through the complex legalities of purchasing a property. Since then they expanded throughout the whole of Europe and the rest of the World.
Lerri is convinced that the Philippines truly offers World Class Investment Opportunities in Real Estate for offshore investors from the Europe and the UK whom are looking to purchase investment real estate or “buy-to-let” properties specially Condotel Developments where the unit owner not only gains from property appreciation but receives a rental income through the Condotel Management representing some 12-16% ROI on their investments.
Pacific Concord Properties recently introduced the new affordable easy payment plans for the Lancaster Atrium Manila Condotel Suites where a Studio Unit can be purchased without any down payment, and 67% of the contract price payable over 60 months interest free and the 33% balance payable on turnover of the unit or to be extended for another 60 months through PCPI’s no prequalification no hassle finance plan, sales of the companies inventory of units will surely sell out quickly to investors seeking to take advantage of the Condotel Investment “Boom” in the Philippines.
Where can you find a 350 sqft Freehold Flat in the heart of Central London for only 25,000 Pounds or a Studio in Manhattan for only 34,000 Dollars and then get up to 16% per annum ROI from rental returns. These figures probably seem Crazy to London Property Buyers unless they remember the prices of Flats and Apartments back in the late 70’s and all of this comes complete with average 85 degree temperatures and sunshine nearly all year round.
With Pacific Concord Properties Inc adopting International Property Standards and the only Philippine Real Estate Developer to operate the Internationally accepted practice of Escrow Trust Account Banking for all payments made by buyers of it’s Condotel Suites, international offshore property investors need no longer worry about the security of their investments.
One of the drawbacks to purchasing property in the Philippines was that most overseas buyers of the real estate have become accustomed to normal home buyers standards like putting their money in escrow (which protects them if the developer does not deliver on its commitments) whenever they buy real property.
Pacific Concord Properties Inc., now sets that “International Standard’ in the Philippines with the “Buy Safe Payment Policy” of Escrow Trust Account Banking with Equitable PCI Bank, one the Philippines largest Banks, for the purchase of a condotel unit in either the Lancaster Suites Manila, Lancaster Atrium Manila or Lancaster Cebu developments.
Buyers of Condotel units at the Lancaster Suites Manila, Lancaster Atrium Manila and Lancaster Cebu Resort Residences in Cebu, pay their Reservations, down payments and all monthly payments directly to the Companies Trust Account with the Bank thereby ensuring that funds are maintained and ultimately used only for the purpose of direct construction related costs. This not only guarantees that the buyers money is safe, but more importantly the development will be completed on schedule and within projected time frames for the project.
Lerri Calligher of E-Quity.Com an International Real Estate specialist company, recently looked at the Philippines on behalf of several private investors and investments trusts in Europe and the United Kingdom, specifically the Lancaster Suites Condotel developments in Metro Manila and Cebu.
E-Quity.Com was formed in 2000, as a sister business to TheMoveChannel.Com initially to accompany people abroad to help them through the complex legalities of purchasing a property. Since then they expanded throughout the whole of Europe and the rest of the World.
Lerri is convinced that the Philippines truly offers World Class Investment Opportunities in Real Estate for offshore investors from the Europe and the UK whom are looking to purchase investment real estate or “buy-to-let” properties specially Condotel Developments where the unit owner not only gains from property appreciation but receives a rental income through the Condotel Management representing some 12-16% ROI on their investments.
Pacific Concord Properties recently introduced the new affordable easy payment plans for the Lancaster Atrium Manila Condotel Suites where a Studio Unit can be purchased without any down payment, and 67% of the contract price payable over 60 months interest free and the 33% balance payable on turnover of the unit or to be extended for another 60 months through PCPI’s no prequalification no hassle finance plan, sales of the companies inventory of units will surely sell out quickly to investors seeking to take advantage of the Condotel Investment “Boom” in the Philippines.
Where can you find a 350 sqft Freehold Flat in the heart of Central London for only 25,000 Pounds or a Studio in Manhattan for only 34,000 Dollars and then get up to 16% per annum ROI from rental returns. These figures probably seem Crazy to London Property Buyers unless they remember the prices of Flats and Apartments back in the late 70’s and all of this comes complete with average 85 degree temperatures and sunshine nearly all year round.
With Pacific Concord Properties Inc adopting International Property Standards and the only Philippine Real Estate Developer to operate the Internationally accepted practice of Escrow Trust Account Banking for all payments made by buyers of it’s Condotel Suites, international offshore property investors need no longer worry about the security of their investments.
One of the drawbacks to purchasing property in the Philippines was that most overseas buyers of the real estate have become accustomed to normal home buyers standards like putting their money in escrow (which protects them if the developer does not deliver on its commitments) whenever they buy real property.
Pacific Concord Properties Inc., now sets that “International Standard’ in the Philippines with the “Buy Safe Payment Policy” of Escrow Trust Account Banking with Equitable PCI Bank, one the Philippines largest Banks, for the purchase of a condotel unit in either the Lancaster Suites Manila, Lancaster Atrium Manila or Lancaster Cebu developments.
Buyers of Condotel units at the Lancaster Suites Manila, Lancaster Atrium Manila and Lancaster Cebu Resort Residences in Cebu, pay their Reservations, down payments and all monthly payments directly to the Companies Trust Account with the Bank thereby ensuring that funds are maintained and ultimately used only for the purpose of direct construction related costs. This not only guarantees that the buyers money is safe, but more importantly the development will be completed on schedule and within projected time frames for the project.
Condotel Advantage - Hassle Free
Condotels “How This Little-Known Real Estate Investment Opportunity Could Be Your Secret Weapon To Building Wealth ...” What could be more perfect than owning a vacation home and receiving rental income whenever you aren't using it?
Not only that, but the Philippines, a strategic U.S. ally, is one of the faster growing economies in Asia, from high tech manufacturing to food distribution as well as one of the most visited playgrounds for tourism. The people speak perfect English and are very friendly.
The condotel units in Manila are near Ortigas Center, the new Wall Street of the Philippines. These will be perfect units for executives to stay at when traveling on business from China, Japan, Europe and the U.S.
The contotel units in Cebu are 3 minutes from Mactan-Cebu International Airport there. Cebu is one of the most visited tourist destinations in Asia. It's like the Caribbean of Asia, visited by people all over the world, for it's beautiful beaches, warm climate and friendly people.
These units are all professionally managed by one of the largest real estate development firms in the Philippines. Even if you never visit the Philippines, you will have a risk-free investment that will produce regular monthly income, or you can sell later for a good return.
Keep in mind that as China continues to be a power house in the world, the Philippines will also continue to benefit and grow in value.
The Condotel Advantage
A Condominium Hotel or “Condotel” combines the convenience of a residential condo with the amenities of a hotel. Unit owners in a “Condotel” may opt to join the rental pool where he signs with a professional hotel management team who will convert the project into a world class hotel / serviced apartment. A serviced apartment is run just like a hotel but guests usually stay on a long term basis.
For the tenant, this means savings since he is not charged a daily rate nor does he have to put up a security deposit like in a regular apartment.
Aside from real estate appreciation, unit owners receive a steady monthly income based on the size of their unit regardless of whether said unit was leased or not. This is because the hotel management will pool together the total income of the entire hotel and distribute this to unit owners net of any expense.
This makes the investment cost efficient and practically risk free.
Unit owners in the rental pool enjoy totally hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator. Unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world.
Safe Investment - payments held in a Bank Escrow Account
No INTEREST financing, start for as little as $500 a month.
Rental Incomes of some 12-14% ROI per annum
The big picture about Condominium Hotels or "Condotels" one of the hottest products in today’s Real Estate market
Imagine Hotel Style Living 365 Days a Year!
Condo-Hotels provide the resident unit owner with more facilities than regular Condominium buildings. Unit Owners in a Condotel enjoy the benefits and privileges of full Hotel Services in a Residential environment. For those planning to reside in the Condotels in Cebu or Manila, the owners & residents can utilize the services provided by the Condotel, such as the swimming pool and other recreational facilities, restaurant & bar, concierge and room service. Condo-Hotels are also the newest trend in vacation home ownership. Live in it when you're there, and rent it out when you are not. These types of projects are becoming more and more attractive for businessmen, vacation homebuyers and individual investors not only because of the superior facilities and amenities but more importantly the attention to maintenance of the buildings through the 24-Hour Condotel operations. These are not Time Share units.
Condotel Advantage - Hassle Free
As a full service Condotel, unit owners also enjoy full hotel services such as 24-hour telephone operator service, a local PABX telephone line in each unit (no need to apply for your own landline), 24 hour housekeeping service, laundry pickup service on demand, even as a resident. Unit owners in the rental pool enjoy totally hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator. Unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world.
Not only that, but the Philippines, a strategic U.S. ally, is one of the faster growing economies in Asia, from high tech manufacturing to food distribution as well as one of the most visited playgrounds for tourism. The people speak perfect English and are very friendly.
The condotel units in Manila are near Ortigas Center, the new Wall Street of the Philippines. These will be perfect units for executives to stay at when traveling on business from China, Japan, Europe and the U.S.
The contotel units in Cebu are 3 minutes from Mactan-Cebu International Airport there. Cebu is one of the most visited tourist destinations in Asia. It's like the Caribbean of Asia, visited by people all over the world, for it's beautiful beaches, warm climate and friendly people.
These units are all professionally managed by one of the largest real estate development firms in the Philippines. Even if you never visit the Philippines, you will have a risk-free investment that will produce regular monthly income, or you can sell later for a good return.
Keep in mind that as China continues to be a power house in the world, the Philippines will also continue to benefit and grow in value.
The Condotel Advantage
A Condominium Hotel or “Condotel” combines the convenience of a residential condo with the amenities of a hotel. Unit owners in a “Condotel” may opt to join the rental pool where he signs with a professional hotel management team who will convert the project into a world class hotel / serviced apartment. A serviced apartment is run just like a hotel but guests usually stay on a long term basis.
For the tenant, this means savings since he is not charged a daily rate nor does he have to put up a security deposit like in a regular apartment.
Aside from real estate appreciation, unit owners receive a steady monthly income based on the size of their unit regardless of whether said unit was leased or not. This is because the hotel management will pool together the total income of the entire hotel and distribute this to unit owners net of any expense.
This makes the investment cost efficient and practically risk free.
Unit owners in the rental pool enjoy totally hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator. Unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world.
Safe Investment - payments held in a Bank Escrow Account
No INTEREST financing, start for as little as $500 a month.
Rental Incomes of some 12-14% ROI per annum
The big picture about Condominium Hotels or "Condotels" one of the hottest products in today’s Real Estate market
Imagine Hotel Style Living 365 Days a Year!
Condo-Hotels provide the resident unit owner with more facilities than regular Condominium buildings. Unit Owners in a Condotel enjoy the benefits and privileges of full Hotel Services in a Residential environment. For those planning to reside in the Condotels in Cebu or Manila, the owners & residents can utilize the services provided by the Condotel, such as the swimming pool and other recreational facilities, restaurant & bar, concierge and room service. Condo-Hotels are also the newest trend in vacation home ownership. Live in it when you're there, and rent it out when you are not. These types of projects are becoming more and more attractive for businessmen, vacation homebuyers and individual investors not only because of the superior facilities and amenities but more importantly the attention to maintenance of the buildings through the 24-Hour Condotel operations. These are not Time Share units.
Condotel Advantage - Hassle Free
As a full service Condotel, unit owners also enjoy full hotel services such as 24-hour telephone operator service, a local PABX telephone line in each unit (no need to apply for your own landline), 24 hour housekeeping service, laundry pickup service on demand, even as a resident. Unit owners in the rental pool enjoy totally hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator. Unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world.
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