Pag-IBIG lowers housing loan rates anew

VICE President and Chairman of the Housing and Urban Development Coordinating Council (HUDCC) and the Home Development Mutual Fund (Pag-IBIG Fund) Board of Trustees, today announced further adjustments to its end-user financing program, this time creating additional housing loan brackets with corresponding lower interest rates. The rate adjustments are aligned with the redefined housing packages set by the HUDCC.

The new Pag-IBIG housing loan interest rate structure retains the 6%-rate for loans up to P400,000, and 7% for loans over P400,000 up to P750,000.

Interest rates have been slashed from 10.5 percent to only 8.5% for loans over P750,000 up to P1 million, and to 9.5% for loans over P1 million to P1.25 million.

Meanwhile, interest for loans over P1.25 million to P2 million remains at 10.5%.

Along with the latest rate adjustment, the Pag-IBIG Board also approved the increase in maximum loanable amount to P3 million, at an interest rate of 11.5% per annum for loans starting at over P2 million.

De Castro said the latest amendments in the Pag-IBIG housing loan program are intended to make the program more affordable to members, especially workers in highly-urbanized areas whose housing needs often range from more than P750,000 up to 1 million. Likewise, with the Board’s approval of raising the loan ceiling to P3 million, Pag-IBIG will be able to meet the home financing needs of members belonging to the middle-income earners. “This should give Pag-IBIG members a wider range of choices in buying a house,” he said.

Over the last two years, the Fund has implemented significant improvements in its end-user financing program. In 2007, Pag-IBIG has reduced the interest rates for loans over P300,000 to P750,000 from 10.5% to 7%. Earlier this year, the socialized housing bracket was expanded to cover loans of up to P400,000.

With the new changes taking effect April 1, Pag-IBIG member-borrowers can look forward to more value for their money as well as savings especially at this time of economic difficulties. “The savings given the lower monthly amortizations should convince Pag-IBIG members that buying their own home is a more practical alternative to renting,” De Castro added.

Members who avail of a P1 million housing loan stand to save 15.94% per month with amortizations of only P7,689.13 (covering principal and interest) over a 30 year period, compared to P9,147.39 under the old rate of 10.5%.

Year-on-year figures show the Pag-IBIG Fund is able to maintain the growth in its housing loan takeout. From P4.59 billion, the Fund recorded a P5.83 billion total takeout from January to February of the current year, representing a 27% increase.

“The demand for housing, especially from the low and middle-income earners, continues to be strong despite the global financial crisis,” he said.

Following these amendments in the Pag-IBIG housing loan program, the Fund expects to maintain a steady growth in loans granted to members and attain its target of P43 billion takeout for 2009. “This will further sustain the housing sector by providing financing to home buyers at very attractive, affordable rates,” De Castro said. (end)

Israeli ambassador sees huge potential for business linkages

By Rhia de Pablo Updated April 04, 2009 12:00 AM

CEBU, Philippines - Having seen the huge potential of doing business linkages with the Philippines, Israel ambassador Zvi A. Vapni is now intensifying efforts to touch base with the business community to present win-win propositions that will jumpstart investment opportunities between the two countries.

In his visit to Cebu, Vapni said in a press conference that their primary goal is to create stronger business ties with the country since currently there is a fairly small cooperation between Israel and the Philippines.

He discussed that Israel is a world leader in high tech innovations especially in developing sophisticated software programs that are bought by the big economies of the world.

Examples of these technological breakthroughs are the flash drive and the technology behind chatting being used in applications like AOL, Google, and among others, which Vapni said are worth million dollars.

In this regard, Vapni is eyeing possible cooperation with the Philippines through the establishment of call centers and production facilities in the country that will provide support to their high tech innovations.

Aside from this, Israel is also known for its strength in agricultural technology, which is another area where there can be cooperation between the two countries.

“The focal point of our activity is to reach broader presence in different regions of the world. There is definitely a big potential for cooperation with our countries. Our business companies can help as advisers to provide technological assistance in agricultural technology here in the Philippines,” said Vapni.

He said that even in the field of tourism, the Philippines and Israel can develop a mutually beneficial relationship.

He stressed that aside from the Holy Land, Israel has more things to offer tourists such as the Dead Sea, the dramatic landscape of their rocky deserts and other worthwhile attractions.

While on the other hand, the Philippines can also offer other alternative tour packages for Israeli tourists.

“There are not enough Filipinos who go to Israel as tourists and there are also a few Israelis who come to the Philippines. There is still a lack of awareness on both sides but our tourists will definitely come here if they knew about the beautiful places they can visit. The potential of the Philippines as a business partner is very clear so there is no reason why we cannot develop stronger ties,” said Vapni.

He said that in Israel, there are 60,000 Filipinos who are mostly working as caregivers and are in demand because they have been known to provide quality service.

Currently, trading between the Philippines and Israel is only estimated to be $200 million while Israel exports to the country are worth $18 billion and these are through machineries and equipment.

He said that some Israeli companies are already working with some companies in the Philippines like PLDT, Globe and Smart and that they have developed good working relationships but these are still a few.

“We want to have a proactive attitude to enhance our business relations with the Philippines. The challenge right now is to introduce to the Philippines the possibility of looking at Israel as another partners and market to boost future investments between both countries. We are sure that there is a big potential to achieve that goal,” said Vapni.

The Israeli Embassy has tapped the Cebu Chamber of Commerce and Industry and is looking at the possibility of doing trade missions to Cebu and to Israel and had appointed Emily C. Benedicto as its honorary consul to intensify its efforts to boost cooperation with the Philippines.

Things to Know When Buying a Property

Getting a real estate property will be a life long dream for every one of us. But this is not a job which will happen overnight. When buying properties one needs to think, plan and then execute accordingly. Lot of paperwork and research has to be done before you go ahead for a property and then you need to match your priorities based upon the facilities available at the property. If you are thinking to buy a property from an auction, then there is a need to examine certain characteristics of the auction carefully and determine the target price that you can afford, also check the different features that is available with the property. It is better not to compromise with things which are not acceptable for you, and then regret later. It always suitable to keep up with the deadlines with the auction process once you come in terms with the bidding formalities.

The legal system used distinguishes the real estate properties into two types; they are personal properties and real properties. Personal properties are any property which can be moved from one location to another, for instance they can be goods, security, instruments and any intangible assets. Another difference is that, in personal property, the statutes of limitations or the prescribed periods are essentially limited. Real properties are basically the ownership of a property such as buildings and apartments; this will also include other legal affairs between the owners of these immovable properties - which are nothing but the real estate. The real immovable properties are necessary for any activities which require lot of fixed physical capital economics that is related to it. In the real properties, they are enforceable for a longer period and mostly they are registered under the registers of government sanctioned land.

Properties can also be separated into commercial properties and residential properties. Commercial properties include stores, garages, workshops, office premises, retrial shops, etc. Residential properties comprise properties such as blocks, flats, ground rents, mansion blocks, houses or any piece of land. Based upon the requirements, the property structures vary with the cost, transaction procedures and all other dealings. The commercial real estate industry can divided the commercial buildings into four types. They include the Class A buildings, Class B buildings, Class C buildings and Class D buildings. Class A buildings include fairly new buildings with all the modern amenities or facilities. Class B buildings are the ones which are older, most likely 10 years older or so, provided with basic services.

Class C buildings are older buildings with smaller units, but maintained well and equipped with all the basic facilities in stable areas. Class D buildings are again older, but maintained properly with few facilities. Such properties will be located in the marginal areas. Whether you are seeking for residential or commercial properties, proper assessment of the premises is always necessary and this is very important. Some properties will be deserted or redundant, and environmental contamination will further complicate the conditions. There are also contaminated properties which get ruined by toxic materials and nauseating odors. While buying a particular property at an auction, it is better to have lot of awareness as many legal systems are involved that will help you to avoid complications in future.

Article Source: http://www.ArticleJoe.com

Ron Victor is an Expert author for www.propertyauctionzone.com/“>property auctions. He written many articles like www.propertyauctionzone.com/property-auctions-articles.htm“>property auctioneers, uk auction list, property auction, uk property auctions, real property auction and online uk property auction. For more information visit our site. contact him at ron.seocopywriter@gmail.com

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To Invest In Costa Rica, You‘ve Got To Know Costa Rica!

There’s absolutely no doubt about it. Real estate investing can be a very lucrative business. Just look at Donald Trump and every other major millionaire in the U.S. It’s a safe bet to say that they have all invested in real estate at some point as a way to safeguard or increase their wealth. Even Americans who don’t have millions have followed suit; many of them making decent profits through buying and selling land, homes, buildings, etc. along the way. However, they were successful because they were knowledgeable about their investment.

One of the keys to making a wise real estate investment is knowing the market where you’re planning on investing—including the factors that will effect that market. Another is being familiar with how much the real estate is worth and speculating on what it will be worth. The third key to successfully investing in real estate is being familiar with the real estate process itself. And while it’s important to know those things when investing in real estate in your own country, it’s imperative when investing in real estate in a foreign county. That’s why I’ve created the e-book, “Developing Paradise.”

“Developing Paradise” is stuffed with solid, researched and first-hand knowledge based articles about Costa Rica, which is one of the strongest real estate markets in the Americas today. Much of the book is dedicated to providing real estate investors with a good feel of what the life, culture, and tourism traffic are like in Costa Rica. Additionally, there are sections that specifically talk about real estate investment as well as the nation’s overall economy in regard to real estate investors. In short, the e-book provides a thorough overview of everything you would want to know about the Costa Rica market, to determine whether investing in Costa Rica real estate is right for you.

I won’t promise you that reading “Developing Paradise” will make you into a real estate mogul like Donald Trump. That would be irresponsible and frankly, you should run from anyone who does make a promise like that. But if you’ve been trying to figure out a way to invest your money and earn higher returns than traditional investments, give “Developing Paradise” a read. Once you do, I’m certain you’ll agree that investing in Costa Rica is a great investment alternative that has potential to bring you the returns you’re looking for.

by David Lovendahl, Developing Paradise

Article Source: http://www.ArticleJoe.com

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If Its Commercial Space You Are Looking For Read On

Well I would like to think by now given all the previous blogs, that you have a fairly good idea of all the free hold residential property out here in Dubai. But let‘s change pace for a moment, and dedicate a little time to exploring the commercial space on offer within the Emirate. And there is a good deal to talk about, as Dubai has a large amount of commercial space on offer in quite a few locations. And with so many options, many people prefer to buy now instead of just looking to rent. And with Dubai‘s ever growing rental cost does it really come as any surprise! Ok, some of the larger firms probably are able to absorb such costs, but the smaller businesses are then ones who will be truly affected.

Taking a closer look at commercial prices in Dubai, they are now close to reaching London and Hong Kong prices, making them some of the most expensive in the world! The likes of Business Bay and the Dubai International Finance Centre offer world class facilities, but have a price tag to match. This perhaps is ok for some, but what of those companies who would prefer something a little more modest price wise, but still offers a great working environment. Well then, Jumeirah Lake towers could be just what you are after, and don‘t rule out Schon properties business park, which incorporates a number of interesting features. And there is always the option of land plots if you feel the urge to build your own building! With the selection of both leasehold and freehold developments in which to purchase, you really do have a number of options from which to choose.

The biggest obstacle comes in the form of the competition you will face to secure your required commercial space. There are a large number of companies all looking for a value for money work place as well. This means you would do well to act fast and start looking for somewhere that meets you requirements, as wait too long and you may not be able to find what you need at your required budget! But in terms of the overall market place, most purchasers will be not disappointed with all Dubai has to offer in this regard. So get looking your ideal office or building today.

Article Source: http://www.ArticleJoe.com

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How Anyone Can Find Money-Making Real Estate Properties Right Now By Dean Graziosi

How Anyone Can Find Money-Making Real Estate Properties Right Now By Dean Graziosi

There is no better time than right now to make a fortune investing in real estate. I’m convinced anyone can do it, and you don’t need some $5,000 seminar to learn how. What you need is some straight forward, honest education and the willingness to take action.

In my 20 years of investing, I’ve met determined people who said they made the decision to be successful as real estate investors. Recently I asked one “investor“ what progress he was making; he said “I feel I‘m really close to discovering just the right place to invest!“

Hmmm…that answer made me wonder. It seems some people look at real estate investing the same way others look at buying stocks…“if I just had one hot tip I could get started!“

A perfect example of this is my friend means Dean Graziosi friend Tony. Recently he called to tell me about a sign (stuck in the ground at a busy intersection) that read:

“Costa Rica Investment Opportunity – 1st Phase –Apt Buildings Awesome Chance to Profit - call Now“ 800-xxx-xxxx

Tony asked if this was a “good“ opportunity or not? I asked; “What do you know about Costa Rica? Ever been to Costa Rica?“ Other than a lot of Americans supposedly retired there, Tony knew nothing about Costa Rica, but the sign had struck a nerve in him. Tony is waiting for the “hot“ investment opportunity. Something so good, that he just can’t help but take action on it.

Meanwhile, Tony, like many others, (perhaps even you), has been missing out on great opportunities right under his nose, in places where he would do well to make his first investment.

Here’s The Answer To Where You Should Invest

I means Dean Graziosi gave Tony the same answer I’ll give you. It’s exactly what I do myself, and it’s a simple strategy I reveal in my book, “Be a Real Estate Millionaire.“ I told him “Think a little closer to home. Take the local market test in chapter 4 of my book, and in minutes you’ll know where the market in you area is, where it is going…and what strategy to use to ensure little risk and major gains.“

You can do precisely what I suggested to Tony. Start by buying property in your own local area. You know the local area in way’s that no one else can. You know what areas keep growing, and the ones which are shrinking. You know which parts of town to avoid, and which parts have always been desirable.

As a local resident, you may already know about changes that could increase or decrease real estate prices in your area. Things like; the new shopping mall being built, a new freeway that’s coming through. You know if developers are building some new offices close by, (because you see the buildings or the signs).

What about factories and businesses? Are they hiring, or laying people off? Are there new ones being built in your neighborhood? Is a new company setting up shop close to you? These are things you’re already somewhat of an expert on. You know tons about the trends and patterns of your local real estate market without even really trying.

Another reason to buy in your local area is to more easily keep an eye on your property. If minor problems occur, such as storm damage or even routine wear and tear, you can spot, and fix those things right away. Its way more convenient to work on something that‘s a few minutes from your home, than something that is across the city or in another state - (or another country…Tony).

Article Source: http://www.ArticleJoe.com

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How Government Helps Create More Problems in the Foreclosure Crisis

Now that the banks and local governments are finding themselves in serious danger due to the housing crisis, they have been working together even more visibly than they always do. Mortgage companies experiencing defaults in record numbers are having a difficult time remaining solvent and have required injections of inflated capital from the central bank; politicians elected to cut spending and waste from government will not be able to finance their own overspending and waste if property tax revenue declines. Both government and banks, therefore, have an extremely vested interest in keeping as many people in their homes as possible.

This explains the recent trend of government partnering with selected banks to teach homeowners about financial management and the foreclosure process. Numerous city or state governments have sponsored websites or local seminars featuring local mortgage brokers and representatives of large banks to educate homeowners on what they can do to stay out of foreclosure. But it is deeply ironic that government, after ignoring its “duty“ to protect “citizens“ from being taken advantage of by fraudulent loans or their own ignorance, are now taking up the cause when their own livelihood is threatened. It is impossible for government to provide the third-party, independent assistance that foreclosure victims require.

To begin with, the State (or city or county) is not there to protect anyone right now. For example, try suing the police department if they “fail“ in their “duty“ to “protect“ your life, liberty and property, such as if your car is stolen or you are mugged. The lawsuit will be promptly thrown out of court because there is no “cause of action“ against the government, because the bureaucrats have no duty to protect anyone or anything. So these same politicians are not going to suddenly, magically, start “protecting“ homeowners from bad loans unless it serves the bureaucrats‘ self-interest of keeping property taxes high enough to fleece homeowners enough to maintain their corruption.

Judges, although they may be able to help homeowners in some instances, are often just as corrupt and paid-for as any other bureaucrat. Most of the judges work with the same attorneys day in and day out to pursue foreclosure hearings, becoming friends and acquaintances with the lender‘s attorneys. The lender, though its lawyers, pays all of the filing fees and court costs related to the foreclosure out of its pocket, which keeps these judges in business. The judges, then, have little other option than to keep the lenders happy by rubber-stamping the foreclosure judgments one after another, despite gross rule violations or outright criminality.

The banks are no different and benefit the same way. The managers of the local offices of these subprime loan sharks are sitting on election boards and donating to state and local campaigns to keep their preferred candidates in as much power as possible. The state and local governments are able to appoint judges to the trial courts which hear the foreclosure complaints and are more open to the arguments of the lenders, instead of “protecting“ the life, liberty, and property of the average taxpaying homeowner.

Even at the federal level, the large banks and investment institutions are some of the top donors to many presidential campaigns, because they know that their preferred candidate will pursue legislation that will allow banks to keep making poor loans and receiving bailouts to avoid facing the consequences. And the banks in the past half-year have received hundreds of billions of dollars from central banks around the world in misguided efforts to steal money from productive people to hand to bankers who made poor lending and investing decisions. Of course, homeowners who make poor financial decisions are simply left out to dry.

Interest rates are also controlled at the federal level by the Federal Reserve System, which is owned primarily by the largest banks which are now suffering the most and need the Fed to bail them out repeatedly. The Fed lowered rates as far as possible for years to assist banks in seducing more buyers to get into adjustable rate mortgages that they could not afford. Then, when rates rose and defaults occurred in record numbers, the banks made out by taking over large sections of the country‘s real estate, and getting tens of billions of dollars of free bailout money care of the private printing press that they own.

This is not to say that there should not be an option of using a third party independent of both government and banks to provide some help to stop foreclosure, if homeowners want it. But it would be a mistake to trust the mortgage companies or the government to provide any “independence“ to the people. Lenders, unfortunately, must participate in the process of working out solutions with owners because they are one party to the contract. Involving a bought-and-paid-for government bureaucrat, who owes his job to the foreclosing banks, though, is only a sure-fire way to guarantee that foreclosure victims end up either homeless or in bad solutions that will serve as only temporary band-aids as politicians pressure them into stop-gap measures to keep property taxes high for another few months.

Article Source: http://www.ArticleJoe.com

Nick writes for the ForeclosureFish website, which provides homeowners with www.foreclosurefish.com/“>mortgage help and advice designed to help them save their homes from foreclosure. Visit the site to read more about how the foreclosure process works and what methods can be used to avoid losing a home: www.foreclosurefish.com/

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Take the stress out of holidays - buy a holiday home abroad!

According to research from NatWest Bank, that much “needed“ holiday abroad doesn‘t always achieve what it sets out to do. Rather than being a time to relax and return home refreshed, a survey carried out by NatWest found that holidays abroad had the opposite effect - with millions of Brits returning home from their holidays exhausted by the rigours of organising the trip and dealing with the costs.

As a consequence, the bank states that three out of every ten people now consider buying a property abroad and that a quarter of these actually do go ahead and buy to avoid the stresses they suffer every year. As Mike Freer, spokes person from the Bank says “Holidays should be fun and relaxing but sadly this isn‘t always the case. The hassle and expense of arranging holidays can be hugely traumatic - from deciding where to go and remembering to pack everything but the kitchen sink, yet keeping under the new airline luggage weight restrictions. And the holiday itself can be spoiled by poor accommodation, meaning that Brits end up needing another holiday when they return!“ He goes on to explain that owning a holiday home “provides a permanent escape from the hassle and expense of holiday arrangements“ (Spanish Homes magazine, February 2008 Edition) and that “Buying a holiday home abroad is increasingly becoming the norm for British families.“

The study polled more than 2,600 UK adults, of whom one in eight said they did not enjoy the UK lifestyle. Mike Freer, head of business development at Natwest International, said: ‘It‘s evident from our research that many Brits intend to escape the hectic British lifestyle to enjoy a more relaxed standard of living overseas. As the days get shorter and temperatures drop, now is the time when many dream of a life abroad. Surprisingly however it‘s the ‘middle ages‘ most keen to make the move, perhaps prompted by demanding jobs and continuous warnings to plan for the future.‘

For those who buy a holiday home abroad and plan to let the property out, there is more good news - Spain is still popular with tourists and according to Ross Elder,Managing Director of Holiday Lettings, Spain attracts more than double the holidaymakers of any other country. “Spain has held on to its influential position in the minds of British investors despite the mid-year scare that knocked construction share prices and confidence in the Spanish property and construction industry.“ she says.

In 2007 Spain achieved a record year in visitors with over 60 million people visiting the country. As a response to the continued and growing holiday market, Spain has developed a new tourism plan, the Plan de Turismo Horizonte 2020 to deal with the impact tourism has had on the country by extending its holiday season and promoting the lesser known areas of the country.

According to the World Tourism Organisation (WTO), revenue from Spanish holidaymakers totalled a whopping £24.8 billion in 2006 making it the second largest earner from tourism in the world, after the US. For 2008, nearly 17,000 booking enquiries have already been sent to owners of Spanish holiday homes for for holidays next year and about 50% of these are enquiries for the months of July and August. “The investment market in Spain is as solid as ever“ says Ross Elder “because the demand for holidaying there simply continues and never looks likely to falter.“

Properties on Golf Resorts are becoming very popular with those investing in a holiday home in Spain, especially in the new “up and coming“ areas such as the inland region of Murcia, Spain<. Many investors are now turning to these inland regions as opposed to the over saturated coastlines. And golf resorts such as such as the Golf Resort Santa Ana del Monte< and Golf Resort El Castillo< host a range of modern properties - from two bedroom apartments to four bedroom detached luxury villas in a range of styles and at very competitive prices. The resorts host a range of fantastic sports and leisure facilities including professionally designed golf courses, equestrian centres, sports complexes, indoor and outdoor pools, commercial centres with top class bars, restaurants and shopping facilities - with everything right on the doorstep they make excellent holiday venues.

And “While the upfront purchase cost is a huge financial commitment, the long term benefits of holiday homes can be fantastic as they provide great investment potential, a wonderful lifestyle and a permanent escape from the hassle and expense of holiday arrangements. A holiday home can literally pay for itself. And while Spanish property market has seen substantial increases in prices over recent years“, Natwest International said “holiday homes in Spain remain good value“.

Article Source: http://www.ArticleJoe.com

When investing in properties, why not consider a partner? Many people who buy properties forget the advantages of having a partner. Selecting a partner must indeed be a judicial procedure involving reference checks and credits. More than one salary at a stake will raise your power of purchasing, which will open many opportunities. In states like Pennsylvania, they offer liability protections and tax benefits for partnerships who are registered. Do take a trip to the tax assessment office and look at the names of the streets and look for more information on real estate sales in that area. Getting tax information will also be helpful as it will help you prevent from offering more money than the neighboring house. Even if you haven’t applied a line of credit to purchase a house or for a mortgage, you have to behave as though you are prepared to buy. A drive around the neighborhood and areas within which you would like to buy the property, making note of the street names as you pass by; this work will save lot of time during your hunting. Make a note of the houses, people and the general surroundings of the neighborhood. It might look silly, but it is sure to help you a lot.

Many people leave out the potentially profitable dealings when comes to real estate due to their poor knowledge at the time of mortgage loan process. Before looking for a loan, you must know what the average interest rates are. Learn your rights and make sure you aren’t taken on a ride by the lenders. Do your home works regularly, as researching definitely works a lot. Today multi family units are considered to be top, a good deal on a single family house is by no means a candidate for dismissal; yet multi family units usually have higher income than single family units. Take this example; converted single family house can station two units. Assume the house can be rented for $600 per month in a particular area and apartments can be rented for $400 per month. In this case, a duplex home offers $200 return over the single unit and this should cost the same.

Be careful of those business relationships which are based on other’s misfortunes and ‘Get-Rich-Quick’ schemes. Real estate is a dealing which generally has more long term benefits than short term benefits. As short term incomes are considered to be replete, so be careful you don’t allow the greediness to overcome your ethics and humanity. Pay attention to your skepticism and don’t hesitate to pass up the deals. In lot of ways, your judgment will keep you away from irrational business decisions. Learn to protect your good name and credit—with great honor by making clear and well thought decisions. After hard word, research and good judgment, you are sure to find the best deals of the millennium just for you!

Article Source: http://www.ArticleJoe.com

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SECOND HOME IN BUENOS AIRES

SECOND HOME IN BUENOS AIRES -
WHERE BUYING A PROPERTY IS A GOOD INVESTMENT

Buenos Aires, the Paris of South America, is nowadays one of the favorite vacation retreats for contemporary travelers and a desired choice for foreign investors from all over the World.

People who buy a property in Buenos Aires will benefit from a real estate boom set to continue many years on. Buying a property in Buenos Aires is a firm investment, which will reward investors with outstanding capital gains in the near future.

Whether you want to buy a second-home and plan to keep it for a long time or would rather resell it to make a profit, you should consider Buenos Aires, where buying a property is a good investment. There are several reasons.

Buyers of a second home in Buenos Aires will benefit from the capital appreciation of 15% expected this year, the increasing cash flow from renting the property (8% to 12% annually), low maintenance expenses and a current low tax policy in property, among others.

Getting a property in Buenos Aires helps buyers to make a reasonable financial move. Despite a slight increase in prices, Buenos Aires apartments are still easy on the pocket compared to other countries.

A two-bedroom apartment in the exclusive neighborhood of Parlermo costs 130,000 US dollars. Excellent lofts and new urban developments in the trendy areas of Palermo Soho and San Telmo can be purchased from 80,000 US dollars upwards.

Acquiring a property in Buenos Aires – famous all over the world for its international cultural offer and amazingly wide-ranging nightlife – will enable the vacationers to try the most exclusive activities and taste the exquisite flavors of a contemporary vacation hot spot.

There are many structures being developed these days in the Argentinean star capital. This turns it into a great opportunity for investing and making good profits. Dozens of buildings that are under construction stand out in Buenos Aires. This phenomenon began shortly after the economic crisis started in 2001.

Buying a property in Argentina is an open process to overseas investors. Foreigners can purchase a property in Argentina without restrictions (except in certain national security areas). However, having an agent or consultant based in Argentina helps the second-home buyer in the property buying process.

Article Source: http://www.ArticleJoe.com

Joyce E. Matt is a writer specializing in travel, real estate and luxury lifestyle. Click here for more information on www.buenosaireshabitat.com/“>Buenos Aires apartments for rent or Buenos Aires real estate for sale

Golf villas in Vale do Lobo and Quinta do Lago

Golf villas in Vale do Lobo and Quinta do Lago, Algarve are as popular as seafront properties but in most cases are more affordable. They range in price from £200.000 to £20.000.000 and make fantastic rental properties. Local golf courses offer major discounts on green fees and titles to golf villa owners in Vale do Lobo and Quinta do Lago.

Golf villas in Vale do Lobo and Quinta do Lago provide a sound investment opportunity for golfers and non golfers alike. Property investment in Portugal has become even more popular in recent years as investors move money from unpredictable and volatile financial markets in to bricks and mortar. As well as the excellent returns, a Vale do Lobo or Quinta do Lago golf property provides an investment that the investor can actually enjoy.

Golf villas in Vale do Lobo and Quinta do Lago, Algarve are as popular as seafront properties but in most cases are more affordable. They range in price from £200.000 to £20.000.000 and make fantastic rental properties that can be let all year round. These exclusive Algarve golf resorts are also popular holiday destinations for the non-golfing public as they boast facilities that include watersports, swimming pools and leisure areas.

Local golf courses in Vale do Lobo and Quinta do Lago will offer major discounts on green fees and titles to property owners, which makes a villa in Vale do Lobo or Quinta do Lago a “must have“ for many international footballers and sports stars, who typically enjoy a round of golf in the sun when they have the chance. Demand for golf properties in the Algarve is always higher than the supply and with the region officially recognized as Europe‘s premier golfing destination, Vale do Lobo and Quinta do Lago properties traditionally experience strong capital appreciation.

The golfer or investor can choose from apartments, townhouses, linked villas or independent villas in the Vale do Lobo and Quinta do Lago resorts. Properties are always of a high standard and the surrounding golf courses all have first class driving ranges, golf academies, putting greens and clubhouses. The golf courses of Vale do Lobo and Quinta do Lago are recognized as some of the best in Europe and regularly host international tournaments including the Portuguese Open Golf Championship.

A range of financing options is available for investors who have sufficient income to service a loan. For Portuguese residents, Euro mortgages can be obtained for up to 90% of the property´s value. For non-residents, mortgage loans are available in any major currency for up to 75% of the property value or purchase price. When investing in a Vale do Lobo or Quinta do Lago golf property it is essential to make sure that any estate agent who assists you is licensed by the Portuguese government. In Portugal a license is granted by the State to an estate agent, only if he or she has all of the required qualifications to provide real estate services. This license is a guarantee that the estate agent is qualified in his or her profession and is also a means of insurance, that can be claimed against in the case of proven dispute. Once an investor has secured the services of a reputable estate agent, they can pursue opportunities to purchase either new, resale, off-plan or custom-designed golf properties within the vale do Lobo and Quinta do Lago resorts.

Article Source: http://www.ArticleJoe.com

For villas in Vale do Lobo and Quinta do Lago news, visit Caroline Van Ketel at: www.premreale.com/

Retiring In Paradise, Not Florida!

Times have changed. In the 1970s, Florida was the standard retirement relocation destination. This was because most retirees wanted was to live somewhere with decent weather that would make their bones feel better or help their breathing so they could live out their lives in serenity. Then, in the early 1990s, Phoenix and cities around Las Vegas surfaced as alternative, more hip retirement locations. The dream for most of those retirees was to simply live somewhere with ‘arthritis and lung-friendly weather’ that provided activities beyond shuffleboard and Bingo to keep them busy.

Retirees sure didn’t want much back in those days, did they?

Today, retirees are quite different. They’re retiring younger, so serenity is the last thing they want. Ask anyone approaching retirement age and most will say, “Serenity is for my 85 year-old parents! I’ve worked all of my life and now I want to enjoy it.” Instead of serenity, the retirees of the 21st century want warm weather, proximity to medical care, and access to action—golfing, boating, fishing, swimming, nature trails, etc. Then to top it all off, they don’t want to just “get by” in retirement and have to penny pinch for the last 35 or 40 years of their life. They don’t want to wither away, fearful of whether they’ll have enough money in five years. They want to live carefree and enjoy life! That means that the typical retirement locations are out. Florida, Las Vegas, Phoenix, etc. aren’t top choices because the cost of building, renting, or purchasing real estate is too high and the cost of living in those areas just isn’t affordable for most people living on a fixed income. In fact, the cost of living is too high across most of America for the limited monthly income that the average American has to live off of in retirement. Those factors combined have made retirees and pre-retirees seek our alternative retirement locations. Know where they’re headed? Costa Rica.

Does that sound odd to you? …the fact that retirees are considering moving to another country just to retire? Well, get used to it because with all that Costa Rica has to offer for retirees, it just might become the rule for North American retirees rather than the exception. Here’s a look at the top five reasons why retirees are relocating to Costa Rica:

Low Cost Of Living – Retirees can live off of as little of $1,200 each month but with a monthly income of $2,000 per month, they can make mortgage payments, enjoy leisure activities, and even have a maid and/or gardener on hand.

Warm Weather – The tropical conditions in Costa Rica are ideal for those who have cold-weather or breathing sensitive medical conditions.

Proximity To The U.S. – Getting home to see children and grandchildren is easy for retirees. Flights are readily available in and out of Costa Rica to a myriad of U.S. locations; retirees can be back in the U.S. or their family in the U.S. can be in Costa Rica in a matter of hours if the need arose.

Exceptional Real Estate Opportunities – Real estate, on average, is 50% (or more) cheaper in Costa Rica compared to equivalent investments in North America, allowing retirees to downsize their mortgage payments without downsizing their lifestyle.

Costa Rica Real Estate Is An Excellent Investment For Padding Retirement Savings – Between the tourists and the retirees flocking to Costa Rica, the value of real estate is steadily growing. Many Costa Rica real estate investments appreciate at 5 to 10 times the rate of appreciation of property in even the hottest of U.S. locations; Some investors have completely recouped their initial investment in 2 years, and then continued on to collect the significant profits of appreciation on their investment.

Admittedly, deciding to move out of the country is a big decision. It’s not for everybody so I’m going to close out with this advice:

If you’re planning on retiring but aren’t certain about living abroad to do so, now’s the time to buy in the States. It’s a buyer’s market since the real estate industry is experiencing a downturn and you might find an exceptional deal. If, however, retiring in Costa Rica sounds like something that would interest you, look into it! Do the necessary research, much of which can be found through a compilation of resources on the Developing Paradise website, or by simply surfing the Internet, and then weigh your options…without others whispering in your ear!

Remember: It’s your retirement and you have to foot the bill for it, not your friends or family. So, if living in Costa Rica sounds good to you, seriously consider learning more.

by David Lovendahl, Developing Paradise

Article Source: http://www.ArticleJoe.com

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