Month: October 2017
John Terry’s Oxshott Mansion.
John Terry owns a lavish mansion in Oxshott, Surrey and construction work has begun to make the mansion even bigger. The mansion is situated on Queen’s Drive and when the building work is complete the mansion will have nine bedrooms, eight bathrooms along with eight dressing rooms. The house also has a 10m by 5m indoor swimming pool, a Jacuzzi, steam room and changing facilities.
The ground floor of the mansion alone has an incredible nineteen rooms, one being a cinema room and another a snug. His staff are also catered for because the house also has an accommodation wing for them. The plans for the property allow for seven parking spaces along with a disabled space.
One of the construction workers at the house explained that he had been involved in the construction of many footballers houses but this one is one of the biggest. He estimated that it would take around 18 months to complete the vast amount of work involved before Terry will be able to completely enjoy it.
Terry has previously applied for planning permission at a different house in the same street. Willowfield House, the property in question, was objected to by Beverley Tourle on behalf of Birds Hill Oxshott Estate as she felt the development would have a negative impact on the area.
On Queens Drive the average property value is around 4million, the reason that it is quite popular with footballers is its close proximity to the Chelsea training ground in nearby Stoke D’Abernon. Other footballers who own houses there are Wayne Bridge, Fernando Torres, Scott Parker and Ashley Cole.
Recently Terry’s neighbours have been upset over his plans to build a fishing pond in the grounds of the mansion. The separate planning application is to turn a -featureless paddock- on the seven acre plot into a pond as it is claimed it will help drainage there. The neighbours are objecting to the plans because it will be built on green belt land.
Only recently raiders tried to break into the property by using a scaffolding pole next door. They broke through the perimeter fence but were chased off by security guards.
It is reported in the newspapers today that Terry has a massive 4.65million mortgage on the mansions, which he bought for 2.25million in July 2003. Therefore he has more than doubled the initial mortgage on the property. He bought the house next door to the mansion for his mother in law and got planning permission last year to turn that house into a ten bedroom super mansion too. At current mortgage rates the monthly repayment for his mortgage would be around 13,500 but for a footballer on a weekly wage of 170,000 he can clearly afford it. http://www.uklandforsale.org http://www.buildingplotsforsale.org
Avoid These Mortgage Mistakes To Maximize Your Financial Benefits
Daily, a large number of people commit some big mortgage mistakes. Since this is one of the major financial duties you undertake in your life, it is essential to know how to avoid committing these mistakes. Since you have to stay with your home loan for the next 10 years to 30 years, go through the common mistakes in order to prevent making them and ensuring an enjoyable property buying experience.
Not knowing your options
Unlike earlier, when only two to three types of mortgages were offered to the borrowers, there are a large number of options now and you can acquire them from varied lenders. In spite of this fact, many people make the mistake of not knowing their options and go with the very first alternative that comes their way. Since you might qualify for a better home loan, it is viable not to accept any offer right away. Look around as well as contrast the features and costs of varied loans. This will help you secure one of the suitable options.
Not understanding the total housing payment
A large number of first time buyers make the blunder of not understanding the total mortgage payment. Most of the individuals do remember to include taxes, interest rate, insurance premiums as well as principal amount in the total costs, but they fail to take into account property taxes and insurance premiums. Since these costs can take a big chunk out of your pocket, take them into consideration to avoid unpleasant surprises later.
Borrowing beyond your needs
Even though you are able to secure a large amount of funds, it is not wise to hastily accept it. Your financial condition may be good today, but emergency can hit you anytime and hurt your financial credibility, making it difficult for you to repay bigger mortgage installments. Thus, do not make the mistake of borrowing beyond your needs. Failing to pay your installments on time, you are more likely to lose your valuable asset, that is, your house.
Not going through the documents
Although, purchasing a house is an exciting feeling and your real estate agent ensures proper documents are formed and every clause is mentioned in the agreement, it is wise to go through the documents carefully. Mistakes can happen and there are chances that your lender might forget to explain you certain details of your loan. So, when you meet your lender in order to sign the documents, ensure to thoroughly read each page and ask as many questions as you need to satisfy yourself.
Not planning for increase in interest rates
When you acquire a floating point mortgage, one of the most crucial things is you always need to be prepared for increase in interest rates. Unfortunately, many borrowers do not plan for the same and run out of money when they are required to pay bigger monthly installments because of rise in interest rates. Considering this, make certain to secure yourself by planning for minimum two interest rate increases over the first year.
Besides, do not forget to know your credit score and financial condition prior to applying for the home loan. Avoiding these mistakes will lead to smooth real estate transaction.
Divergent Housing Price Trends In Mumbai And National Capital Region Crisi Research
CRISIL Research expects divergent price trends during the year in Mumbai and NCR (National Capital Region), the two largest residential real estate markets in India. In 2011, prices of houses are likely to decline in Mumbai, whereas prices will rise marginally in NCR. Further, the extent of price decline will vary widely across areas in Mumbai, whereas prices will inch up uniformly across areas in NCR.
CRISIL Research studied the price trend in three major supply pockets in Mumbai and NCR western suburbs (Goregaon, Malad, Kandivali and Borivali), Thane (Ghodbunder Road), and central suburbs (Dombivli and Kalyan) in Mumbai; and Noida and the outskirts of Ghaziabad and Faridabad in NCR.
City Reality reports offer an in-depth, area-wise analysis of residential, commercial and retail segments covering 400+ areas across 88 micro markets in 10 Indian cities. Read the real estate developer ratings at CRISIL that has developed two specialized products with their real estate research that help housing customers and financial institutions understand the intricacies.
Accounting for more than 50 per cent of total planned supply in each city, these major supply pockets would represent the trend in housing prices in the whole city. Mumbai and NCR would together account for more than half the 1.5 billion sq ft housing supply planned in India’s 10 leading cities up to 2013.
In Mumbai, falling demand, owing to diminished affordability, and rising interest rates will trigger a decline in prices in 2011. Prices of houses soared by 43 per cent in 2010, in the city’s three major supply pockets. Prices thus surpassed their peak values, attained in the first half of 2008, by 26 per cent, adversely affecting housing affordability. CRISIL Research therefore expects prices in Mumbai to decline by 8-10 per cent in 2011.
In NCR, prices will move up marginally because of relatively better affordability. Prices went up only by 6 per cent in 2010 in the capital region’s three major supply pockets. Prices in these areas currently are 15-20 per cent less than their peak values in the second half of 2007, making affordability relatively better in NCR than in Mumbai. CRISIL Research therefore expects average prices in the region to move up marginally by 3-4 per cent in 2011.
“Reduced affordability and a likely increase in interest rates by the Reserve Bank of India will subdue demand and depress housing prices in Mumbai in 2011. In NCR, relatively better affordability will prop prices despite any increase in interest rates,” explains Nagarajan Narasimhan, Director – CRISIL Research.
In Mumbai, the extent of the price decline would vary widely by area. Prices in premium locations like South Mumbai and Central Mumbai, which have an excess supply of houses priced at more than Rs 50 million, would decline sharply by 15-20 per cent over the next 12 months. Prices will decline more moderately, by about 6 per cent, in areas like Vasai and Virar, where affordability would be relatively better. In NCR, with prices increasing marginally across all areas, the trend, again, will be divergent.
Benefits Of Real Estate Business And Investment
In the domain of real estate business there is no need to be apprehensive as yet for the Americans, are still recovering from the fear of debts which had controlled their finances until recently and it is only with the help of such resources as a low interest consolidation or the best debt management programs that the citizens could finally get respite from the trap of debts. But now when the economy has started to look up from the financial void, it is time for the citizens to change their views about some of the businesses which are capable of providing better returns in the long run. Gone are those days when businesses were looked with greater awe. Though there are persistent risks which are involved with this business, it is of more worth to calculate the advantages of being involved in this business.
Let us have an overview of the same in the next few lines:
If you have been comparing an array of business opportunities lately, you will be glad to know that a real estate investment is less risky than other businesses and they are in fact quite stable provided that you have actually been able to encompass the pettiest of aspects that are related to this business, and you have taken this opportunity seriously. However the lesser risks are associated with such factors as stability in the rate of mortgage followed by the appreciating value of the land and various other socio economic issues.
There is no need to have a huge capital at least initially to start off with the business. The property can be secured by negotiating a lower amount, and some money should be kept for holding the property as a security.
A real estate investment will not tale up a hell of all your time but only if you are calculating and clear sighted about the prevailing marketing conditions at that point of time.
As far as investing in real estate is concerned leveraging still remains as the best option wherein you can invest a portion of your money and the rest can be borrowed from a bank or any other financial institution.
If you are able to select the correct geographical location, you are likely to get a high value of appreciation over a period of time.
Along with paying your mortgage debts you will be creating a home line of equity which is to imply that you will be able to approach the original price of the property without any debt.
Unlike other investments where you may lose a lot of your money for paying the tax amounts, the tax exemptions on a real estate investment is much more than any other business.
Therefore a real estate investment is the best bet for the value of a property is almost always on the rise which provides a good impetus for the growth of this business, but you have got to treat it with the necessary vigilance and the required acumen.
Growing Indian Real Estate Market
India’s real estate market is on a high growth curve and is today one
of the fastest growing market in the world. It is categorized into four
sub-categories such as housing, retail, hospitality, and commercial.
While housing projects contributes six-seven percent of India’s gross
domestic product, the remaining three sub-categories are also increasing
at a fast pace. The Indian real estate is an infrastructure services
that is driving the economic growth of the country. The role of
Government of India has been instrumental in the real estate
development. There are many developer and buyer friendly policies which
are introduced by government.
The market of India real estate stood at US $ 56.2 billion in the
survey of 2010-2012 and expected to touch US $ 179.9 billion by 2021.
The market is expected to grow at the compound annual growth rate of 20
percent in the period of 2011-2014. With first series the modern cities
expected to account for about 45 per cent of this growth.
The
top eight metropolitan cities such as Delhi-NCR, Mumbai, Bangalore,
Chennai, Hyderabad, Pune, Kolkata and Ahmadabad have maximum office
space absorption were up to 59 per cent during January-March 2014 as
compared to periods of last year. During the period of January-March
2013 Ahmadabad and Delhi-NCR recorded a threefold increase in net
absorption.
In the first quarter of 2014 number of new
residential projects launches with 56,000 units across eight
metropolitan cities and Bangalore recorded maximum number of units at an
increase of 21 per cent at 17,838 units, followed by Mumbai and
Chennai, according to a report by Cushman & Wakefield.
Indian real estate has large number of investment opportunities, all
corporates look to expand businesses, India is expected to witness major
demand for office space in 2014. Office space absorption across the
country’s seven major cities is likely to increase ten per cent this
year to 30 million square feet, according to global real estate
consultant.
The retail space absorption by the top eight metropolitan cities is
expected to more than double to 12.7 million square feet in 2014 and
this will take up the retail space across India’s modern cities to 88.6
million square feet by the end of the year according to a report by
Jones Lang LaSalle.
Real estate construction development sector,
including township, housing projects, built-up infrastructure and these
projects garnered total foreign direct investment (FDI) worth US$
24,211.54 million in the period April 2001-January 2014. Infrastructure
activities during the period received FDI worth US$ 2,539.58 million
according to the Department of Industrial Policy and Promotion.
Indian real estate has some major investments and developments such as
Somany Ceramics plans to invest Rs 160 crores for capacity expansion and
brand building, Lodha Developers has invested Rs 1,254 crores for
acquired Clariant Chemicals’ 86-acre plot of land in Thane, Mumbai,
Xander Group has invested Rs 360 crores in Kapstone Constructions,
Ambience Group plans to invest about Rs 1,80 crores over the next four
years to develop two housing projects in Noida and Gurgaon, comprising
1,100 housing units and Vardhman Group invest $70 in Vardhman Camellias.
The market of real estate is expected to result in high
transaction activity, eminently in income yielding commercial office
equity during 2014.The country still needs to add number hospital and
educational institutes to meet the global average.
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Supertech Safari Studio Yamuna Expressway apartments have excellent and decorative offering & accessories. Apartments have completely brought in floor tiles and floorings which give these apartments a great look and feel. Apartments have steel covered windows and moving gates with tarnished glass. Kitchen has all the accessories which might be required by a professional cook starting from a stone kitchen place top stainless-steel drain etc. Apartments also feature of excellent furniture. One 3-4 seater sofa, 1 personalized TV stand with cart, 2 bed-side tables with storage space, 2 house ottoman, 1 part table for house, 1 oak timber table 1 table with lighting and seats, 1 queen-size bed with head board and recessed storage space for additional storage space etc. are provided. Especially designed, timber made clothing closets with integrated luggage and shoes racks are also provided.
Placement of Supertech Upcountry Safari Studio Noida on Yamuna expressway makes this place near to Gautam Buddha School. F1 track and recommended Jewar Airport terminal are also in near place. This studio room residence venture in Upcountry Township is really near to Pari Chowk and is incredibly near to places like Mayur Vihar, Akshardham Temple and CWG Town with the help of the Noida Expressway. It is also well connected with Anand Vihar ISBT through DND flyover and Noida expressway and to Atta Market through Dadri road and Golf course. The designer has obtained the interest and trust of customers through visibility in working and offering best quality results. Supertech presently is probably the most reliable real estate manufacturers when it comes to offering guarantees promptly.
How to Boost Your Income with Mortgage Protection Insurance
Mortgage protection insurance is quickly becoming a great way to boost your real estate investment income. Could you use an extra $500-$1,000 a week part-time? It’s easy, cost effective and it allows you to help families even more while putting money in your pocket.
The investor who deals with -land contracts -and- lease to own deals could use the mortgage protection insurance as an extra tool in their real estate arsenal. By adding mortgage protection insurance to your services you are not only helping a family get into home ownership, but now they can stay there even if the main bread winner dies or becomes disabled. You are protecting the entire family and the best part is, you’re getting paid for it.
Mortgage protection insurance should not be confused with PMI (Principal Mortgage Insurance). PMI is a certain type of insurance policy from a bank or mortgage company in which you pay a fixed premium for a certain number of years to cover the risk of foreclosure. Should something happen to you while the policy is in effect; the insurance pays the remaining mortgage. The loan typically lasts for the life of the mortgage. As you pay off the mortgage, the end benefits goes down, too. At the end of the policy, the benefit is zero. The mortgage protection insurance I’m writing about offers a different option. Essentially you pay the premiums, and your family gets the money and the right to decide what to do with it. Also, this life insurance is portable. This means if you move in a few years, you won’t have to replace your insurance. This can save you a great deal of money since insurance rates usually increase, as you get older. The best part of all is that if you don’t die or use any of the benefits, you get all your money back tax-free. When I started investing in real estate, selling life insurance was the last thing on my mind, but that all changed. A representative of the National Agents Alliance introduced me to mortgage protection insurance last year and now the insurance side of my business is rivaling some of my real estate investments. It is possible to make five-to-seven thousand dollars a month in positive cash flow just with the insurance. No prospecting, no rehabbing and best of all no tenants.
The process is very simple and it won’t cost you thousands to begin. The most important thing required is your life insurance license. Don’t worry about passing the test, it’s easier than the realtor test and lots of the prep can be done online. There are differing laws in different states so you need to find out the precise requirements for your home state. You can get most of that information from your state’s department of insurance page.
To find out more about mortgage protection insurance and how you can earn extra money helping others check out www.BeltranGroup.com
Robb Beltran is an active real estate investor, publisher of the Real Estate Info Network and manager of the Beltran Mortgage Protection Group. The Real Estate Info Network promotes real estate education through real estate seminars, e-books and real estate investing courses. www.BeltranGroup.com www.realestateinfonetwork.com www.belstarproperties.com
How to make the best of your Tuscany visit – holiday homes!
Tuscany is one of the most beautiful places on Earth. A trip to this land is like spiritual healing. The region has hills, mountains and a snow collar on the high peaks, spectacular cypresses and rib pads on the Tyrrhenian Sea. The people are beautifies and never look worried, as the landscape is a perfect setting for a relaxing and calming trip. In order to truly enter the local atmosphere and admire the site-specific architecture masterpieces, there is one trick all avid travelers know: rent a traditional holiday home! This allows you to enjoy the modern day, luxurious facilities of a perfectly magnificent holiday villa, but with the special touch of uniqueness and local color that no large scale hotel can ever match. Once you have chosen your accommodation, the adventure begins!
In Tuscany there are natural geysers that spring out clouds and water vapors. There are several public outdoor pools with sulfurous thermal waters renowned for their therapeutic qualities. In summer, these ancient bathrooms can get crowded, but if you don’t have enough space there do not forget that a state of the art vakantiehuis Toscane has to offer comes with the most beautiful private outdoor pools. Montecatini Terme, situated about 50 km from Florence, was the first Italian thermal waters renowned for their healing powers. There are buildings in the Art Nouveau style built in the early century XX. A building of this type was Tettuccio Terme, a neoclassical building with columns. Water gushing from wells on slabs of marble, the walls decorated with ceramic tiles depicting bucolic scenes and the morning orchestra singing arrangements under a dome decorated with frescoes, what could be better? To continue your trip in style, traditional Tuscan vineyards make a great place to search for wine tasting. Excellent cuisine and impressive restaurants are of abundance here.
Dedicate the next day to Florence. After going back to your gorgeous vakantiewoning Toscane has provided, you can start the city visit. Start in P-za Santa Maria Novella, across the street from the train station. The market takes its name from the imposing Basilica, whose construction began in 1246, ending in 1360. Santa Maria Novella, the main church of the Dominican da Firenze name, is also the name of the city’s largest railway station. In Italian Firenze SMN, it is not to be confused with the next station Firenze Rifredi, a noteworthy detail for those using their train trips through Tuscany. After a short orientation, continue the journey to the main attraction of the city, passing through Piazza San Giovanni to P-za dell Domo, where the famous and breathtaking Duomo is located. Alongside it, tourists can admire the gorgeous Baptistery and Tower. This architectural triptych was declared an UESCO World Heritage site. The Dome, officially named Basilica of Santa Maria del Fiore, and cathedral are just huge, expressing the greatness of God towards man. Being 114.5 m high, 153 m long and 38 m wide, it had to be built in years since 1296 using the Gothic-Renaissance style. And if gazing at this gigantic monument in all its splendor and going to miracle working geysers was too much, you can always return to your cozy and luxurious holiday house and simply enjoy the view!
Inexpensive flats at Noida elongation 9582219690 – Fusion dwellings Greater Noida (West)
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If it impacts the trader in any way let us provide you a exact study of the luxury suites and township known as Fusion Homes Noida . Well-planned, well-ventilated and gigantic decorations such as kitchen have been finished in such a way so that your home not only boosts well-being and pleasure by assisting all the requirements of latest way of life of today but furthermore help you lead an amazing way of life. So if you are looking for a financial firm pledge decision then you can state yes to Fusion Homes Greater Noida West without any question. One time fully developed, it will become one of the most sought after locations in the town due to its close proximity to Noida Expressway and other important destinations of Delhi-NCR district. Major aim is prepared at giving essential relevance on proposing combine of nature and technology for the further convenience of all purchasers.
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