While the media forecasts a “mass exodus” from the real estate profession, NAR membership numbers have remained consistent in the last year. Real estate broker tips, trends, and strategies on how to operate a business for long-term success. The commercial property supplies its tenants with harvested produce from its urban farm.
- For years, the Bondeni slum and surrounding neighbourhoods in Nakuru City have struggled with crime… read more…
- A recent forecast on the Middle East real estate market published by CBRE indicates that the investment yield in UAE residential property will remain at 7–7.5% in 2024.
- Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market.
This means you will receive enough to pay the mortgage even if your unit is empty. Instead of buying a property and fixing it up, you buy in a rapidly rising market, hold for a few months, and then sell at a profit. If your property appreciates in value, you may be able to sell it at a profit or borrow against the equity to make your next investment. Still, it can be difficult to determine the best rent because if you charge too much you’ll chase tenants away, and if you charge too little you’ll leave money on the table. A common strategy is to charge enough rent to cover expenses until the mortgage has been paid, at which time the majority of the rent becomes profit. The most significant downturn in the real estate market before the COVID-19 pandemic coincided with the Great Recession.
Lending a hand: How one Halifax resident and real estate advisor …
The Insolvency Appellate Tribunal NCLAT upheld its Adani Goodhomes’ resolution plan for Radius Estate. NCLAT rejected petitions from two dissenting financial creditors, and approved the plan to provide possession to nearly 700 flat owners without price escalation. The plan was opposed by Beacon Trusteeship and ICICI Prudential Venture Capital Fund Real Estate, who claimed it was unfair, but NCLAT affirmed the Commercial Creditors’ Committee’s decision. The court had on March 12 dismissed a writ petition by the building promoter seeking regularisation of the three-storeyed house at Nandibagan area in 106 ward in south Kolkata, which was built in an unauthorised manner. MMR and Hyderabad saw the maximum new supply, accounting for 51% of the total new launches across the top seven cities. Hyderabad saw a 57% yearly increase in new supply in Q1 2024, while MMR saw its new supply decline by 9% in the period.
