Your bulgarian property off plan Information
The Southeastern European republic - Bulgaria is a worth touring country. Exploring the ancient European culture and enjoying the moderate and warm weather is really a fun-full experience in itself. That’s why the Republic of Bulgaria receives 3 million tourists every year. A large number of the tourists are from the UK and Ireland as airline companies operate an increasingly large number of flights from these countries.
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Article author: Neil Paterson
Buy to let property is a fantastic way to ensure your future. Why are there so many people interested in purchasing properties? Instead of investing your hard earned money in the stock market some people recommend that you buy properties to let because it can be a much safer and stable way to earn money on your investment. In fact, those people that formerly relied on the dividends provided by shares to build up their pensions are now turning to this type of investment.
Michael Flannagan, a property owner explains why everyone is interested in buying property: “I can trust that my properties will be worth something in the future. It’s not like shares where I don’t have any guarantees and nail biting is common.”
People are buying up property as fast as they can because the return on the investment is far more reliable than any other short or long term investment. Becoming a landlord is an excellent way to earn a decent return on your investment—once the mortgage is paid in full, all of the income associated with the property you let will be profit; less tax and the cost of property maintenance of course. If you do things wisely, the money earned from the property you let can actually pay the mortgage. Unlike the price of shares which can fluctuate wildly, the value of property rarely declines. Clearly, the act of
letting properties is based on the safety of the investment.
Nevertheless, when you start buying properties to let there are a few things that you will need to consider. First, being a landlord is not always a simple task: at least it is not as simple as it first sounds. As a landlord, you will be legally responsible for the property and will be governed by various legislation that applies to letting properties. The best person to advise you about your rights and obligations as a landlord would be a solicitor—one knowledgeable about properties and property letting.
You will also need to consider that there may be times when the property is vacant between tenants so good accounting needs to be applied. Remember, if you are counting on the money you get for letting the property to pay the mortgage you won’t necessarily have the cash immediately available. Clearly, if you begin buying properties with a view to letting them, it would be better that you have a contingency to cover the mortgage during the periods where you will find yourself without a tenant.
Another thing to consider as a landlord is that not every tenant is going to be the perfect tenant. In fact, some tenants may damage the property and you may be forced to make repairs to the property before you are able to let the property again. Again, having a cash reserve for such occasions is warranted in order to be truly prepared for whatever mishap may come your way. Better yet, investing in building and contents insurance is a must if you plan on letting any property—insurance should help you cover some or all of the damage to your property.
When you decide to invest in property you will want to buy in an area that has many resources for the potential tenant. In fact, the more resources available for the potential tenant or tenants the better—resources such as nearby shopping areas, recreational facilities and schools all make the property you plan to let particularly attractive. By purchasing property that is surrounded by resources, you will find that you will have a much easier time in letting the property. This is an important forethought when choosing your property.
Experts also advise that you keep the property you purchase for the long term if you really want to gain better returns from your purchase. Ken Derby, a property agent states it well, “Be prepared to hold on to the property you purchase for the long term. Don’t be in a hurry to make a fast turn around and don’t panic if the property prices drop suddenly. Property prices will rise again and your investment will be fine if you don’t panic.”
Don’t expect to rake in the cash once you purchase a property. Remember, like shares, purchasing property is an investment in the future, one that can make you a considerable capital profit over time. Only after the mortgage is fully paid off will you begin to see a significant turn around in terms of income but on the other hand, you can establish a regular moderate income by letting properties that are geared correctly—where the rent is more than the mortgage payment—of course, you won’t want to set the rent too high as it could deter tenants in a competitive market.
There is money to be made buying properties and letting them as long as you buy the right property and are willing to hold on to your initial investment as well as being properly prepared for the “down” periods. For all intents and purposes, the buy to let trend is replacing the market in shares investment because there are far fewer risks associated and buying a property to let can be a more stable environment for your hard earned cash.
Article author: Helen Margaret Haynes
The question of renting or buying property in Dubai is a common one among expatriates moving there. The Dubai Real Estate market has been going through rapid growth and the whole world knows of the massive construction being carried out. The market in Dubai is dynamic and quite in high demand. Yet there also remains the fact that mortgage payments in Dubai can be prove to be costlier than the monthly rent. Then there are also the experts that saying that the Dubai Real Estate market grew a little too fast and too big for its own good and that it might be time for it to correct itself by going in the opposite direction for a bit.
A very basic answer to this dilemma can be found by asking yourself how long you plan to stay in Dubai, the sort of property you prefer, how soon you wish your capital released, whether you are in for the long run or you want your property to get sufficient rent to help you repay the mortgage quickly. The reason for all this complication is that Dubai Real Estate is going through a transition period right now, which makes things very uncertain.
When in 2002 it first became possible for non-citizens to own freehold Real Estate in Dubai the mortgage was quite lower than the rent and the prices of property were also quite reasonable. Those who purchased property at that time are of course quite happy with their decision now. This created a huge demand for property and that sent the prices rocketing up at an astonishing speed. Unfortunately the rise was so rapid that it is not likely to sustain for much longer.
If your stay in Dubai is going to be around 3 years of less then there is no point in buying any property there. Just stay on rent. There are quite a few construction projects that are nearing completion and the availability of ready property is bound to lower the rent. Several of these properties are owned by investors who will want their property start paying back quickly. And as mentioned earlier the mortgage rates are higher than rental even now and the difference is going to increase once the new properties become available.
So if your stay in Dubai is going to be short-term then there is no point in buying property. Since most experts agree that the market will reverse itself soon if you buy anything now and try to sell it after three years you are likely to make a huge profit. In fact, most indications are that people investing in Dubai property at this time are going to be in a loss after a few years until the lowering of the market again reverses itself.
You should buy Dubai property only if you are going to stay there for a long time. This way you can choose longer mortgage tenure to keep payments manageable and once you are done you can rent it out and convert the property into an asset. There will be no short-term gain with this approach.
William King is the director of Aid and Trade Wholesale Dropshippers Directory: http://www.aidandtrade.com , Pakistan Property & Real Estate Portal: http://www.zameen.com , and Dubai & UAE Property & Real Estate Portal: http://www.bayut.com . He has 18 years of experience in the marketing and trading industries and has been helping retailers, entrepreneurs and startups with their product sourcing, promotion, marketing and supply chain requirements.
Article author: William King
