Property Agency

Property Investment Secrets – Look to the East!

October 16th, 2017

The latest reports show that those looking to invest in overseas property should look to Eastern Europe where properties in Estonia, Turkey and Bulgaria are showing promising price-growth while much of Western Europe struggles. On top of this the pound has risen slightly against the Euro – if this trend continues it will encourage more British property investors to look to Europe for the best places to buy property.

Should I invest in property in Turkey?

Turkey has been thriving in Europe for quite some time and its real estate market is no exception. The memories of Turkey’s political and economic instability now sit firmly in the past with steady economic growth aided by clever financial policies and structural reforms put in place by the government. The country’s GDP rose to US$736 billion in 2010, increased from US$36 billion in just eight years. One of the main factors for this growth is tourism, which has enjoyed a marked increase. But it’s not just tourism driving forward the Turkey property market; Istanbul is establishing itself as a cultural and business hub, marking itself out as the fastest-growing city last year. Property in Istanbul is becoming more desirable, with the Global Property Guide setting Turkey apart as the most attractive property market to invest in. Turkey’s secret-status may be slipping, with the country’s clear success in the property market getting hard to hide, but with this trend looking set to continue, Turkey still offers a great place to buy investment real estate.

Should I invest in Estonian Real Estate?

Estonia is showing impressive growth while much of Europe continues to struggle from the economic recession: statistics released by the Estonian government show 8% growth in the country’s GDP in the first quarter of 2011. Much of this economic growth is due the rise in manufacturing and exportation of goods. Furthermore the trend is likely to continue with experts predicting growth of around 5.9% in the next year. And it’s not just the Estonian economy that is showing healthy growth; the Global Property Guide stated that the price of property in Estonia’s capital, Tallinn, rose by 2.5% last year, with construction showing particularly healthy growth. With the National Tourist Board recording that British visitors to Estonia reached record numbers so far this year, Estonia is certainly looking like a promising place to put down your cash and invest.

Should I invest in property in Bulgaria?

Another eastern-European country which is showing real promise is Bulgaria, with its property market also showing healthy signs of improvement over 2011 so far. Although Bulgaria’s political past and place in Europe means it hasn’t enjoyed the investment-status that the Balkans have, this could well be about to change. Statistics from property agencies in the country show that sales and prices are beginning to see a slow increase, with a 27% increase in sales in the first six months of 2011. This suggests that now could be a good time to invest in property before the market fully recovers, which is still being held down by unemployment and frozen wages within the country. If you are looking to invest in Bulgarian property look to the cities, as Sofia, Bourgas, Plovdiv and Varna are showing the quickest signs of improvement, in particular Sofia which sits on the Black Sea coast and accounts for 40% of the sales in the country. Not a sure-fire winner, Bulgaria’s status is still subdued, but this could mean the perfect time to snap up a property-deal while prices stay low.

Should I invest in property abroad now?

Yes! For those looking to invest in property abroad, now is a good time with the Sterling rising against the US dollar and the Euro. At around 1.14 Euro to the sterling currently, the problems in Greece, Ireland and Italy will put further strains on the currency, but the pound is still vulnerable with interest rates staying at record lows. Currency can make a big contribution to the success of your property investment so it’s important to keep your eye on the trading rate of Sterling, which is currently showing the best levels against the Euro for over a month.

For those looking for a hidden gem in property investment abroad, eastern Europe could hold the bargain that you’re looking for. Whether or not you want to invest in the proven-winner Turkey which is attracting attention around the world for its thriving economy and property market or riskily invest in the next-big-thing, where Bulgaria offers the value for money in a low-priced market that could significantly increase your return. With marked improvements in their economies, and proven growth in the property market, invest now while the pound shows signs of improvement against the Euro.

A Property Agent Can Help Investors, Landlords, and Tenants Alike

October 14th, 2017

A Wakefield property agent is a sound investment for those in the UK whether you’re an investor, a landlord, or a tenant. Let’s explore some of the advantages for each group.

Benefits for Property Investors

Wakefield is one of the safest places in the UK. This is why so many business people are looking to rent or lease commercial property there. They know properties in Wakefield can attract a lot of attention, as safety is a high priority for most people looking for a rental. Agents can assist investors who are still deciding on a property to buy for sale or rent.

Properties in Wakefield can include commercial property, apartments, flats, or houses. Each have their benefits and disadvantages. An agent can advise you so that you can make an informed decision about which would be the most profitable for you. Of course, since Wakefield is one of the most affordable areas in the UK, one would not have problem finding the right property irrespective of budgets.
A Wakefield property agency can access a prospective property, give the investor a written detailed description, and also tell the investor what he stands to profit regarding rent. The agency will also be able advertise the property to attract tenants.

Benefits for Landlords

Agents offer guidance for those who need help with managing their rental property. In many cases, a landlord simply doesn’t have enough time to handle his own rental property. If the landlord lives or works too far away from his rental property, a Wakefield letting agent can offer full management. They can market the property for prospective tenants, draw up the contracts, and collect any rent due from the tenants. No more headaches that come with owning a property but all the benefits delivered right to your doorstep.

Benefits for Tenants

Wakefield offers numerous attractive living areas inside the city and on the outskirts. These properties are near many inviting historical sites, events, and entertainment throughout the area. Some of these properties are even within walking distance of the inner city shopping centres, restaurants, bus and railway stations, and historical sites in or near downtown Wakefield. A property agent can point out these attractions to prospective tenants. They can also provide services for tenants such as transferring the utilities and helping resolve any issues that may arise during your tenancy.

So whether you’re interested in property letting or finding a nice town to settle down in, with a Wakefield property agent in control, you will be in good hands.

Looking Closely At Property Management Solutions

May 21st, 2017

Managing a great deal of property can be challenging. However, by taking the necessary steps to keep an open line of communication and by remaining in good legal standing, property management can be rewarding. Following tried, true, and tested tips is the best way to go.

Many landlords choose to maintain rental properties through a management company. This is especially true for landlords living outside of the state or country their properties are located. By allowing someone else to handle properties, all issues with tenants and maintenance are left at the discretion of the company. Collected rents and other monetary payments are kept for landlord unless other agreements have been made in advance.

Some rental managing companies also have their own attorneys working inside the company. There are many legal issues surrounding rent fees, eviction processes, and maintenance problems that pose legal action. The licensed real estate broker is the only and best choice for the management of properties to avoid many legal troubles.

One of the greatest benefits of using a service for managing properties you may own is the free time you will have while still making a profit. This is especially true for those owners that have multiple rentals like apartment buildings. Eliminating calls in the middle of the night for plumbing disasters or by a tenant that is being hassled by another will cease when you hire the right company.

The licensed real estate broker will also know how to keep properties profitable as well. Along with being licensed comes experience in listing vacancies and getting them filled fast for smoother continuance in profitable returns. Check the company you are thinking of hiring to make sure legalities surrounding licensing are adhered to. By doing so, owners can save huge amounts of time and money.

Securing a management company for your properties means you choosing the individuals you feel comfortable around. Consider the person that makes you feel intimidated or nervous being the same person dealing your tenants. This could be bad news for keeping reliable and good people as renters. Getting to know everyone in a company is always a good idea for business.

With the many changes occurring each day in the economy and government, more and more people are renting their homes instead of buying. The opportunities for making good money through property management are certainly out there. Researching and learning all you can about a company is best when you are turning over to them the responsible of your properties and tenants.