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The 8th India Property 2007 – Dubai being organized by The Confederation of Real Estate Developers Association of India (CREDAI) and Maharashtra Chamber of Housing Industry (MCHI) will be held at Dubai Renaissance Hotel, Dubai from June 14 – 16, 2007.

India Property 2007, Dubai will have some of the biggest names in the Indian real estate industry, showcasing both residential and commercial properties. Leading developers from places like Mumbai, Navi Mumbai, Pune, Nashik, Goa, Bangalore, and Hyderabad among other places would be participating.

This exhibition is supported by the Ministry of Urban Development, Government of India, with LIC being co-sponsors.

There are an estimated One million Indians residing in the UAE with Dubai being the hub of commerce and industry, and increasingly developing as a major hub for service industries such as IT and Finance. NRIs in Dubai are well placed in society and command the respect of the local people due to their industrious nature and diligence in duty. Asian expatriates account for more than 75% of UAE population with over 40% under 25 years of age. NRIs in Dubai are high net worth individuals, which makes them a potentially rich market for real estate investments in India.

Mr. J.S. Augustine Co-Chairman, International Exhibitions, MCHI said, “India is poised for an unprecedented economic growth. With GDP crossing 9.5% the opportunities for every Indian, NRI and others. The villages have appreciated. Commercial and Residential are yielding high returns. Rentals have grown. There can not be a better time than now to invest in Indian real estate. CREDAI & MCHI facilitating this for NRIs in Dubai is a boon and they can transact with a lot of trust”

Sharing his views on India Property 2007, Dubai, Mr. Nainesh Shah, Chairman, International Exhibitions, MCHI, said, “With the current boom in Indian realty, there is a growing interest among NRIs wanting to buy property back home, not just for residential purposes but as an investment option as well. Moreover, our exhibitions are much looked forward to by Indians settled in Dubai, as they get a wide array of properties to choose, from leading developers and most importantly, the credibility associated with our exhibitions over the years, have made NRIs repose their full faith and trust in us.”

Last years Dubai Property show 2006 was a huge success. The 3 day event saw some very serious and focused visitors at the exhibition, which translated into actual bookings rather than just enquiries. All exhibitors were delighted with the response they received and business generated at the close of the property exhibition.

CREDAI Assurance

CREDAI and MCHI ensure complete transparency and assurance to the customers throughout the entire transaction and guarantee them the amenities and specifications as promised during the deal. In the event of any dispute the consumer can approach CREDAI to assist them in resolving the same.

When Denver bankruptcy lawyers file a bankruptcy petition, all assets belonging to the filer fall under the supervision of the court, which may deem it necessary to liquidate some of the assets to pay off creditors. As a result, a debtor’s assets are classified either “exempt” or non-exempt”.

Each state may define exempt assets differently. Denver bankruptcy lawyers can help you understand Colorado’s definition but, generally speaking, the term means assets that cannot be seized by the court or by creditors. Even in a Chapter 7, or absolute bankruptcy, the court recognizes that you must retain some property to exist from day to day. Generally, “every day” things are exempt, such as your toothbrush, hair dryer, “ordinary” furniture (compared to exotic or antique furniture). Items of a personal nature or medically necessary are also usually considered exempt in all states such as walkers, crutches or wheelchairs.

Individual states can also set limits as to the amount of exempt property a filer may retain.

For example, the value of your clothing or jewelry is exempt up to a certain amount. The court is unlikely to seize your wedding ring unless it is extraordinarily valuable. Any assets over this set limit are subject to liquidation and the proceeds equally distributed among creditors as the court’s discretion.

Most states consider the following assets exempt:

Unpaid wages Some of the equity in a residence. Some of the equity in a vehicle. Life insurance value Tools of a trade or profession, usually up to a set limit Reasonable necessary clothing Reasonably necessary furniture Household appliances Jewelry, up to a set limit (usually a few hundred dollars) Pensions Public benefits

A sad truth is that by the time most people have reached the point of filing bankruptcy with Denver bankruptcy lawyers, their assets have dwindled to the point that the court considers them either exempt or worthless.

In the case that property has become worthless, the trustee assigned to the case may “abandon” the property, finding that it has no value and the debtor may keep it. Some property may be considered by the trustee to be too “cumbersome” to sell. This usually applies to something antiquated or else too odd to bring sizable market value. In this case, the trustee may also elect to abandon that property as well.

This is www.buypropertyportugal.com ‘s next chapter of how to buy a property in Portugal, here we focus on the Algarve as it’s currently one of the most attractive places to invest and to enjoy investment growth while enjoying the sunshine on the beach

The Property Market

Why not choose to base yourself in an area with over 3000 hours of sunshine each year and give yourself the quality of life you deserve?

Portugal is an attractive location for house buyers, with the Algarve being the most popular area for British buyers, mainly due to the weather, golden beaches, and the abundance of golf courses. It is Portugal’s busiest, most developed region and it is reported that 90 percent of all property sales to foreign buyers are in the Algarve.

The age of Internet and ADSL means that mobility of labour is very much a reality and it is easily possible to maintain instant contact with colleagues anywhere in the world. Satellite TV means access to English language television and VOIP systems give you a U.K. telephone number and U.K. calls at low rates.

There are excellent air connections to anywhere in Europe and intercontinentally from Faro or Lisbon airports, making it perfectly possible to base yourself in Portugal and ‘commute’ back to the U.K. Many of the ‘budget’ airlines fly into Faro from Stanstead, Luton, Bristol, Gatwick, Heathrow, East Midlands, Dublin or Manchester and offer excellent value charter fares. Additional routes come on stream during the summer months.

Where to Buy

The Portuguese property market is showing consistent growth, strong rental demand, relative living costs and safe environment.

There is a wide choice of great properties in wonderful locations and often less expensive than the equivalent in France or Spain.

Remember that the summer months in the Algarve, especially August, are very busy in terms of traffic and there are visitors from the north of Portugal and from Spain as well as holidaymakers from all over Europe, all expecting good access to the beach. Unless you enjoy being part of the crowd you may appreciate being a little removed from the bustle. Being just a few kilometers inland can have considerable benefit.

Don’t forget to take into account your proposed usage of the property, if you are expecting to live in Portugal permanently then the factors that affect your decision on what to purchase will vary from those required if you are planning to rent the property out for part of the year.

Many properties inland or ‘up in the hills’ do not have mains water or drainage. Instead they rely on a system of cisternas (tanks) to collect rainwater and store water brought in by or pumped from a ‘furo’ (a bore-hole), whilst a ‘fossa’ or sceptic tank contains and treats sewage waste.

All of these facilities are reliable and capable of many years of unattended operation. Bear in mind if you plan to re-plant the garden, water can be at a premium in the summer months and a new garden may require a bore-hole to be drilled to obtain the necessary extra water needed for irrigation.

Drilling companies charge per metre for drilling and then the cost of the pump, control equipment and electrical installation must be added.

At Exclusive Algarve Villas, we  try our hardest to give you the latest and most up to date information on the Portugal property market and costs.

Please feel free to question our consultants about anything to do with buying and investing in Portugal, in person, via email at info@eavillas.com or on the telephone (+351) 282 353 019

Portugal remains an exclusive location, with fewer of the ‘over development’ problems of some of its neighbours. The opportunity to buy quality property in a great location remains excellent but, like all good things in life, availability can’t last. Portugal is slowly but surely being ‘discovered’ and if you’re going to do it, now could be the perfect time to step in to this beautiful country!

Portugal is an utterly charming country and relatively speaking still overlooked by second-homebuyers.

Many areas have an exclusive feel and second-homebuyers and investors are waking up to the advantages of buying in a country which has not suffered the mass development of other parts of Europe, which is quick and easy to get to, and where the cost of living is still relatively cheap.

The Portuguese market is very active, with purchasers from across Europe.  There are plenty of Dutch, French, Spanish and Scandinavians buying, as well as the British. This means that to buy your dream property, quick and decisive action is often required. New developments are selling particularly quickly at the moment and many properties are sold from plans.

Article by Write About Property

Turkish Property Agent Spot Blue Announces Developer Checks

Spot Blue have become one of the first UK based Turkish property agents to run due-diligence checks on all the developers they work with in Turkey, and to have detailed reports drawn up into the developers history and potential for trustworthiness.

Director of the company Julian Walker said:

“Many people in the UK wouldn’t buy a shirt without knowing it was from a trusted brand. Yet many people have paid many thousands of pounds in deposits and stage payments for Turkish properties without having a clue who they are paying that money to.

“Spot Blue has built up a good reputation since we started trading in Turkish property in 2003, we have now moved to secure that reputation by commissioning reports into all the developers histories and reputations, as well as a opinion on how good a company they are and whether they can be trusted with our client’s money.”

Julian told me that the reports will tell people whether the company is legally registered, when it was registered, past and present directors and senior staff, development history and completion status, annual profits, and an opinion on their status.

This isn’t Spot Blue saying that people shouldn’t do their own research before buying a property in Turkey. It is simply a process to make it a little easier by doing the due-diligence on the client’s behalf.

“The old saying goes there’s a first time for everything, so a solid development history doesn’t mean a developer can’t make a mistake. So we still recommend that people make property inspection trips to Turkey to meet the builders,” said Julian, adding:

“These checks that we have performed will simply take all of the work out of checking into a developer, because it is all there in black and white and from independent sources. Of course, after seeing these reports we would have removed any bad ones. However, our strong Turkish connections and knowledge meant we didn’t have any anyway.”

Find out more about buying property in Turkey from Spot Blue.

About Spot Blue

Spot Blue are well known and trusted Turkish property agents, giving peace of mind to buyers in their membership to dozens of quality control and other professional bodies including: the AIPP and the NAEA. Their impartial and hassle free approach to advising potential buyers is also of great benefit.

For more information contact Spot Blue info@spotblue.co.uk

Albania Property Group is located in Tirana, the capital city of this beautiful country. Albania Property Group is made of a group of professionals whose main goal is to provide the clients with clear insight into the meaning of investment and purchasing property in Albania. Albania Property Group is a proven resource for property in Albania. Their expertise covers a wide real estate collection in ideal locations for living, retiring or investing in Albania. The company’s real estate inventory features a special assortment of: Albania Property, upscale residential homes for sale, condominiums, investment real estate, farms, mountain properties and vacation rentals.

Albania Property Group main goal lies in leading the clients interested on Albania Property to a successful real estate transaction. There has never been a better time for investing in Albania. Statistics from June record a 20% increase of tourist visits to Albania from the same period last year. One of the strongest points of the Albanian tourist industry is the local cuisine, a tempting blend of Greek and Turkish influences. According to the Bank of Albania, the tourism industry attracted in 170 million Euros in revenue in 2007, making it a major engine of national economic growth. Albania’s economic growth during 2007 was around 6% and in the same year, the government approved a fiscal package which ticks all the right boxes for investors. It included a flat rate of 10% on personal income tax, corporate tax and capital gains tax, no VAT on property purchases with foreigners allowed to own 100% of Albanian companies. In addition, the country has some of the cheapest property prices in Europe, with annual price growth of around 30% year-on-year in the capital – Tirana and coastal regions, indicating all the right ingredients of a newly emerging property market on the cusp of a boom.

New beachfront developments are being introduced with prices as low as 675 Euros/m2 in Vlora City. Also new beachfront development in Shengjin for as low as 29,750 Euros.

Independent lawyers available to help the clients with their dream purchase in Albania.

For quality bargain properties please click here.

It seems that when property buyers from all accross Northern Europe choose to buy a property in Spain, almost a quarter of them used to decide to buy in the Autonomous Region of Valencia.

But that seems to have changed recently as foreigners are leaving the Valencian market in droves, according to a recent article on Levante-emv.com.  The article shows that new figures from the Valencian College of Notaries (a service one must use to transfer deeds) home sales to non-residents plummeted by 44% in 2009, whilst sales by foreigners leaving the Valencian region accended by 45%.  To surmise; last year there 4,291 foreign vendors, compared to 2,939 the year before and 5,631 foreign buyers compared to 10,040 the year before.  

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Remember that there are a lot of properties on the market that may not have sold so they wouldn’t have entered in the College of Notaries figures.  Spain as a whole dropped 21% last year.  This obviously affects the Valencian region more than any other and could in part be due to bad press concerning Valencian property laws where they can appropriate ones property or part of one’s property to build urbanisations or multi-dwellings.  Understandable that people are reticent to invest.

This all bodes well for Marbella and Costa del Sol Properties where, although property sales have dropped in numbers, there is now a slow increase as foreign investors are purchasing bargain properties at hugely discounted rates.  
We at PropertyPointMarbella think time to invest some money is now.

For more information on bargain properties please visit: http://www.propertypointmarbella.com

We do think thatselling property is a hurricane task, but discount realtors have made this easy with list in MLS. Once flat fee realtor lists your property in Multiple Listing Service all your worries are gone. Flat fee realtorwill guideand help the property owner in doing all the paper work which will let your property get the maximum exposure which you need for your property. List in MLS  is the best platform to get your property reviewed by genuine buyers. It’s not that traditional system of buying and selling is not authentic but you need to understand the benefits attached with list in MLS. Discount realtors understand your needs and they are the ones who help you in listing you property with all the necessary details.

List in MLS is not a new platform you buying and selling property, but it has definitely taken it’s own time to make people understand the advantages. Benefits of list in MLS are countless with the most understandable one is saving thousands of dollars. You don’t make thousands of dollars by selling the property alone, but by list in MLS you save money with respect to sales commissions you have been paying to traditional real estate agents. In traditional way of selling property you are definitely bound to depend on real estate agent to get you the buyers and you important time also gets involved. Also you might have to incur extra expenses in publishing newspaper ads for the property you are looking to sell.

When real estate broker closes the deal he might ask you a hefty 6-7% commission to get your property sold. This is totally adverse with flat fee realtors who only ask you for a small upfront fee to list in MLS. If you have not dealt with any flat fee realtor before you must be ready for a big surprise to know the fees you pay for list in MLS. As the name suggests flat fee realtor charges a small flat fee from you to list in MLS which really saves enough to go on a international holiday trip around the world. To list in MLSflat fee realtor charges nominal 9 onwards to list your property along with details of your property by which buyers search.

Discount realtors are meant there to help you with all the paper work it requires for your property to list in MLS. As mentioned above discount realtors don’t charge you commissions what you might pay to traditional real estate brokers. When the deal is closed you pay only 2-3% of commissions to agents who on the behalf of the buyers contact you. List in MLS is not to everyone and can be accessible to registered brokers only for which they charge such small sales commission which is very low. Discount realtor are well trained to let you finish up all the formalities required for list in MLS.

It’s challenging to be a property manager especially in years past.  The process of rent payment and collection is so taxing you might as well quit your job especially if the property you’re managing is located hundreds of miles away.  Because of this dilemma, property management companies and landlords have searched for ways to address the issue.  The result is which features an online rent payment method.

Like any internet-based software system, using software that can help you manage your property is advantageous because it offers convenience to both the landlord and the tenant.  Landlords don’t need to travel just to collect the monthly rent.  The same thing is true for the tenants who don’t have to travel to pay monthly dues to their landlords.  Thereby allowing both of them more time to do other things and use the money they should have used for transportation to purchase their immediate needs.  With a software on property management, you can be sure to save more without having any transportation costs as well as help save the environment by conserving the use of gas.

Also, because property management is performed by a human being and not a computer, the output is mostly prone to human error.  This does not mean that there are no errors when it comes to computers because computers are still programmed by humans.  Rather, it helps reduce the errors that are somehow repetitiously committed by man.  Computations may turn out wrong during the transaction.  There might be misspellings when it comes to significant information such as names and addresses that can cause confusion and future problems.  Using software on property management will produce accurate results.

Moreover, the problems regarding payment collection is most likely avoided.  As a landlord, you don’t have to worry about your tenants forgetting their monthly rent and them shortchanging you during when paying their dues.  You don’t even have to keep on tracking your tenant’s balances and running after them to clear their dues.   employs a system for online rent payment that reduces payment errors.

Therefore, having a system that helps you with manage your property particularly property is beneficial as it allows you to save time and money.  It also prevents any human errors during the transaction and maintenance of your tenants’ accounts making everything easy.  Having property management software truly offers the convenience of managing properties.

PROPERTYINVESTORS! Probate Vs Repossessions…No Contest!

Why all this fuss about repossessions?

Well you would be forgiven for taking the bait of every recent press article that you read that tells you that because repossessions have skyrocketed, that this is the ONLY way to make serious money in this marketplace when buying property. However, as usual all this political scaremongery merely serves to promote crowd hypnosis, where all and sundry follow blindly because that’s what the masses are doing…Well I think it was Warren Buffet that said; “Investment success comes from a contrarian mindset, and contrarianism is to do the opposite of what others are doing, therefore to blindly follow the masses is a recipe for failure”

Probate Property Investing is definitely a contrariness approach to property investment, but the fact is NOTHING can beat the simplicity of Probate Property or the match the level of overall profit that can very often be achieved.

Firstly let me say that all property investment techniques have their place and clearly for those that have perfected the art of Repossessions, there is good money to be made. However, big profits in Repossessions, usually comes at a price one way or another… Something I don’t really have the constitution for I’m afraid.

Personally I like simplicity, so if I can achieve big profits and at the same time avoid ALL of the complexities of a deal AND where there is ZERO competition, then I am happy

Here are some of the reasons you might want to consider becoming a Probate Property contrarian;

•With Probate Property, we are dealing direct with the Executor, or Personal Representative of the Estate, person to person… AND where there is a positive motivation to sell In contrast with Repossession, it will be with the bank, who’s only motivation will be money, or worse still if we are dealing with the bank Pre-Repossession, then understandably the owners of that property could be extremely nasty to deal with
•With Probate Property, once a price is agreed with the Executor or Personal Representative, then the rest of the transaction is like any other house purchase, in other words simple…And because of this simplicity, we can move much more quickly in getting the heirs to the estate their share of the Will – A BIG plus point Again, with Repossessions, often lengthy and drawn out negotiations take place over months, rather than weeks and as an investor, if it is auctioned, then unless you are lucky, you are likely to pay more for the property, by the very nature of what auctions produce…COMPETITION!
•Many Probate homes have been cared for and looked after and merely need updating, therefore the cost and time to turn the property around for Letting or Sale is a lot quicker Repossessions on the other hand are often damaged, or trashed in the resulting emotional anger that Repossessions often bring.
•Probate Property, like any other straight forward house purchase provides clear Title Ownership
If you are dealing with a bank prior to Repossession, then Title can often be a problem

FINALLY:
•Probate Property, produces motivated sellers and their reasons are many times not related to money Vs the coldness of banks, who of course are only interested in getting the highest price.
•Probate Property is not about racing all the other investors to the deals and trying to beat them. Probate investing is a legitimate way to buying property significantly and consistently BELOW FMV with greater numbers of opportunities AND… ZERO competition… than any other method of buying Property
Why would you choose to pursue properties people don’t want to vacate when you can focus your attention on properties that people actually want and must sell?

Property tax is a tax on the ownership of land and buildings, it is levied by municipalities and cities, it is therefore one of the municipal taxes. A distinction exists between property class A and property class B. The property tax A (agrarian) is levied on land of agriculture and the land tax B (structural) for buildings.

Calculation of property tax is determined by the unit value. The rental value register contributes to the formation of the partial basis (basis for calculating the tax) on a built property, the property tax on undeveloped land and housing tax.

In general, the tax payer is the owner. However if the building is encumbered with usufruct, leased or the subject of a temporary occupation permit in the public domain, then the property tax is established on behalf of the usufructuary, leaseholder or the holder of the authorization.The establishment of the assessment rate is effected by a decision of the council.

The property tax rate is usually expressed as a percentage or a permille, that is the amount of tax per thousand currency units of property value (millage rate or mill levy). A property that comes with an appraised value of EUR 50,000 situated in an area with a mill rate of 20 mills, translates to a property tax bill of EUR 1,000 annually.

The property tax  levied by the municipalities is not as significant as the business tax, as the revenue is usually much lower. Generally, the assessed values of properties can not be altered and evolve through further developments, the same holds for the new states, where different calculation parameters are used.

Property tax on non-built properties allows an exemption of 50% from municipal and intermunicipal authorities, which can get to 100% if the tract of land is located in specific areas of conservation, national park, regional park, nature reserve. The exemption from property tax on undeveloped tracts located in wetlands aims to improve the conservation of wetlands by encouraging landowners to engage in sustainable management.

The rate of property tax in a municipality is a percentage of the value entered on the assessment roll, the value listed on the basis of the actual value of each building, which is in turn legally defined as equivalent to market value. The rate is set annually by the council based on estimates.

Given the impossibility to enter all properties at market value at a given time, the law requires that each assessment paid must be at similar levels compared to the value at a certain date. Annually, a municipality is required to ascertain the general level of values recorded by calculating the median proportion of the values found from those indicated by the transactions made during the year.