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Australian house prices are on the rise

Australia is renowned for being a place of beauty. It is, quite frankly, one of the nicest holiday destinations in the world. Australia is lucky enough to have amazing weather, wonderful tourist attractions and a whole host of animals that you will struggle to find in other places. If you can get over the variety of scary creatures about, Australia is certainly the place for you. With that being said, Australia may also be the place for you if you are looking for hot property. According to some reports, property investment in Australia is improving. Nonetheless, it has been argued that Australia may be heading towards a recession. Let us, hence, briefly explore whether or not business is booming in Australia.

According to Tim Lawless, the head of research at Corelogic, the decline in house prices is slowing down in Australia. In fact, house prices have actually increased in Adelaide by 0.2% month on month. It seems, therefore, that though things may have been tough in the past, they may once again be improving. Furthermore, the Australian property market may be on the rise as house prices are beginning to increase.

However, certain statistics suggest that the Australian economy is beginning to have a bit of a wobble. Statistics have shown a severe drop in the number of hours worked, as well as an increase in underemployment levels. These will have severe effects on the labour force and on the economy in general, hence meaning that less growth will take place. Thus, we may see the Australian economy heading towards a recession if this is to continue.

In conclusion, though the housing market in Australia seems to be stabilising, the problems with underemployment could have adverse effects and lead to further declines. It is essential, therefore, to find solutions for these problems, in order to maintain a strong property market in Australia.

House Prices Are Declining

Changes in house prices can have positive or adverse effects on a country’s economy. If, for example, house prices are increasing, people are more likely to be confident and we can hence see an increase in consumer confidence. This increase in consumer confidence will mean that people are more likely to spend more money and so we could see economic growth (and we could also potentially see economic development as well). Contrariwise, a decrease in house prices will decrease consumer confidence and could hence have an inhibitory effect on economic growth and development levels within a country. It could, therefore, be argued that a fall in house prices could be a contributing factor to an economic recession (along side many other factors, of course). In certain places around the world there has been a fall in house prices, and this is due to a wide variety of factors. Let us, hence, have a look at some of these factors and see why house prices are declining in certain areas around the world.

According to analysts, house prices in Ukraine have been declining as of late. Statistics show that house prices in Kiev fell by 7.81% year on year during 2018. What is more, house prices in Ukraine have been falling for the last five years (largely due to the influence of the Russian war). This could, potentially, have adverse effects on the Ukrainian economy as a fall in house prices will reduce consumer confidence and, as a direct results, consumer spending. The government can, however, intervene with macroeconomic policies which ought to reduce the lack of confidence.

In addition to Ukraine, there has also been a decline in house prices in certain areas of Trinidad and Tobago. As of 2016, house prices fell sharply due to the effects of the oil price crash. This had large effects on the economy as unemployment numbers rose and led to the shutting down of small-scale businesses. This was all problematic for the economy and meant that the standard of living fell, and so economic development did not take place.

In conclusion, these are just two places in which house prices have declined. I hope to have briefly outlined the effects of a fall in house prices and how bad these effects can be. Always try to keep an eye out for fluctuations on house prices because this will affect the way in which you spend your money. Be smart, and always keep a look out.

Where To Buy Luxury Real Estate?

When it comes down to finding a place to live, everyone is interested in finding somewhere luxurious. We also look for luxury real estate – within our own budget, of course – because we feel that luxury real estate is most likely to appease us. We believe that by purchasing the nicest property we are likely to improve our state of mind, as well as our quality of life. For the vast majority of people, this is true – luxury real estate does lead to you feeling proud of what you have done and, therefore, leads to you enjoying what you have. It is, however, difficult to find luxury real estate in certain locations. What is more, it is sometimes hard to purchase luxury real estate because there always seems to be competition for such types of property. Let us, hence, briefly look at two places in which the luxury real estate market is improving. These could be potential spots to visit, if you are looking to purchase a wonderful new home.

As of August 2018, the luxury real estate market in London once again started to boom. This was a surprise to many people due to the large amounts of uncertainty that arose due to the Brexit movement. Hence, one could argue that it would be a good idea to invest in luxury real estate in London. According to research by Savills, sales of homes worth more than £20 million rose by 44% in 2018. Though the overall property in the UK may not be quite so strong, it seems that the top end is still prospering as it has done so before. Perhaps this is due to the weakness of the pound or because of the everlasting allure that London has.

According to new reports, the luxury property market is also growing in Morocco. There has been a large increase in second home investment in Morocco, largely because of new macroeconomic policies which have contributed to economic growth. The exceptional supply of high-end property has made Morocco very attractive to foreign investors, hence meaning that its luxury real estate market is improving.

In conclusion, these are just two places in which the market for luxury real estate is improving. There are plenty more around the globe, so do your research before you invest. Ensure to look at social, political and economic factors before doing so. This will give you the best chance of finding your ideal property.

The hype in Wholesaling Real Estate

Buying and selling houses can be a real issue for some people, especially if you go into such acts with little knowledge. There are lots of procedures and people involved, each of whom will have a varying opinion on what is best for you. In essence, the real estate market in general can be a complicated and troubling thing. I would, therefore, like to briefly explain one trend within the real estate market which could really benefit you – wholesaling. Wholesaling has become a real trend as a of late, particularly in the United States, and a great deal of people have benefited as a direct result of wholesaling. In essence, wholesaling real estate is when a wholesaler puts a distressed home under contract. When doing so, the wholesaler has the intent to assign the contract to another buyer. The wholesaler lists the home – without having the intent to fix it or refurbish – for a higher price than they have the property under contract for. This may sound somewhat complex, so let us have a look at a few ways in which you can wholly benefit from wholesaling real estate.

Wholesaling real estate can be made a great deal easier once you’ve found a distressed property to wholesale. For a lot of people, finding such a property is difficult, thus meaning that their wholesaling experience is tarnished. In order to find a distressed property, you could potentially become part of a wholesaling group. This may enable you to find the perfect property to wholesale. What is more, you could seek the help of friends or go online. In essence, finding your perfect property simply requires precise research.

In addition, wholesaling real estate can become a lot easier once you’ve found a title company, appraiser and a contractor. These three components are vital should you wish to succeed, so try to find them as early as possible. Each professional will make your job a whole lot easier; you will, consequently, save money and time in the long-term, therefore making your wholesaling experience better.

In conclusion, I hope to have given you a brief insight into the world of wholesaling real estate. Wholesaling real estate can seem daunting at first, but with adequate preparation and planning the experience can be an enjoyable one. I would advise that you use the internet to your advantage and that you also seek the help of friends and family who may’ve been through the process in the past.