Archive for October, 2008

Chicago Condo Hotels: Luxurious, Easy to Manage Investment Properties

Changes in options for home ownership, Chicago Condo-hotels! What could be more perfect that having a five-star home at a landmark resort and receiving rent revenue whenever you’re not using it? Chicago Condo hotels are the newest real estate trend, combining a lavish lifestyle and comfortable ownership with investment potential.

Chicago Condo hotels diverge from owning a traditional Chicago Condominium or Chicago home. Chicago Condo Hotels offer services and amenities that a standard home owner cannot have the luxury of looking forward to. They are fabulously-furnished Chicago Condominium units located in some of the most famous hotels in Chicago. The properties are usually large, high-rise, upscale hotels celebrity like the Ritz Carlton, Trump, Hyatt or Hilton. Chicago Condo Hotels Generate Revenue to reduce the costs of ownership. Owners can participate in programs much like vacation home rental programs by capitalizing on hotel popularity. How? Chicago Condo Hotels can generate revenue when occupancy is available by offering the unit for rent to others who wish to stay for long periods of time in a non-traditional hotel setting.

Similar to vacation rental services, owners can use the name recognition, popularity and reservation system of the hotel to secure a higher income from this investment than general home owners would. Participating in a revenue generating program such as this can assist Chicago condo owners in reducing the costs of their Chicago Condo-Hotel unit. Managing this type of income is even easier as the hotel management company sees to the needs of guests and maintains the unit.

Why? Chicago Condo Hotels appreciate at a higher rate than traditional homes. The services and standards are parallel to none. Easy maintenance and cost is distributed.

Chicago Condo Guides, Reviews, & Tips

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5 Things to Remember When Decorating Your Cleveland Loft Apartment

To some life in the big city goes hand in hand with small over priced apartment living. To the young professionals of Cleveland Ohio big city living goes hand in hand with spacious, historic, renovated loft apartments.

Cleveland loft living is the preferred accommodations of the modern, young, up and coming professional. The loft apartment provides an affordable living space at the beginning of ones career. Large open living rooms, twenty foot high ceilings, and oversized windows are just a few of the benefits of choosing a loft apartment. Loft living also comes with some bad connotations. I have five tips for you to remember when choosing and decorating your Cleveland loft.

  1. Keep it Classy and warm Most downtown lofts will be either hard wood or concrete floors. The hard wood or concrete floors will more than likely be the original floor that was laid when the building was built. It will be beautiful, it will be classy, it will be cold! When you move into your loft you will need to invest in many area rugs. This will save on your heating bill and keep your feet warm.
  2. This little light of mine Another beautiful feature that comes along with loft living are amazing, 20 foot high wood beam ceilings. This is a very common feature among factories and warehouses from the 1920’s, the same buildings that have since been renovated into loft apartments. This feature is the standard at the Bridgeview, East Fourth street neighborhood, The Bradley building, and The Tower Press Apartments. The only problem with these gorgeous ceilings is they are not equipped with any over head lighting. This seems like an easy fix; buy a light for every room. It’s more like three lights for every room. Trying to light a large open room with 20 foot ceilings is very difficult. A good rule of thumb is one light for every ten square feet. Remember to be green and let sunlight in through your windows as much as possible.
  3. Sell all the clothes you haven’t worn in a year The one feature that is a huge negative of loft living is the amount of storage space. Most Cleveland lofts have been renovated to have a decent size bedroom closet. However that closet may be your only area for storage in the whole apartment. There are some easy design elements that can help you make your loft more storage friendly. Raise your bed higher of the ground with bed lifts, maximize space in your closet using things such as a shoe wheel, canvas organizers, and bins. You can also put up hanging metal racks in the kitchen to maximize counter space.
  4. Check out that view Why do you want to move into a loft apartment in Cleveland Ohio? Because you want to be downtown! Remember that when you are arranging your furniture, use the city as your backdrop. Your view of the city is a piece of ever changing art work in your apartment, use it to your full advantage. Please do not put your couch in front of your windows. Arrange the furniture in your apartment so you get the best possible view of the city every time you sit down.
  5. Bricks and concrete are for inside too Decorating a loft is so easy! You already have exposed brick walls, concrete or hard wood floors, 20 foot high ceilings, and over sized windows that look over downtown Cleveland. Keep your decorating simple and clean. Use metal or steel accent furniture in the living room and bedroom, buy some plants and keep them near the windows for sunlight, and use raw material and industrial looking décor. Ikea is a great place to look for things like this.

Loft living is meant to be an open space that you can design into anything you want. There are not walls, floor plans or constrains in a loft. Good luck finding and decorating your Cleveland loft!

This Article was Authored by Emily Kopp for Cleveland Apartment Finders.
Copyright 2008 Cleveland Apartment Finders.

Cleveland apartments offers apartments for rent in Cleveland, Ohio.

Are you a renter? Find apartments, lofts and condos for rent in Cleveland at Cleveland Apartment Finders. Cleveland Apartment Finders is a great place to find apartments for rent in Cleveland, homes for rent in Cleveland and duplexes for rent in Cleveland, Ohio.

Visit Cleveland Apartment Finders for Cleveland apartments for rent.

Cleveland landlords and Cleveland property management companies: Advertise your properties on Cleveland Apartment Finders today and let us fill your vacancies tomorrow!

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Tourist Attractions - Urban Renewal Changes the Face of Colorado

Dramatic changes across Colorado offer fresh vistas, delightful getaways, and irresistible tourist attractions. Whether you’re visiting in Colorado Springs where visible gateways unite the crossroads of Interstate 25 and US Highway 24, or Lamar, where US Highway 50 and US Highway 287 run along the same strip of black ribbon for more than fifteen miles, you’re in for a treat!

To say there’s more to Colorado than the Rocky Mountains is an understatement these days as Prairie Ghost Town Tours, restored residential sectors, and fresh faced communities all across the state welcome tourists and home-towners alike. Marketing Colorado is a new idea whose time has come.

Activity Centers, new work sites, living communities, and tourism in the center of Colorado Communities offers new opportunity to the state. As more and more people seek out foot-traffic friendly communities, the downtown areas of even small towns are becoming more attractive.

At 58, when Don Falk suffered a heart attack, his Doctors told him he was free to return home and do normal activities. He didn’t share with them that normal activities included a jog up and down a flight of 20 or more steps multiple times each day. When he returned for his check-up three weeks later, they were astounded at his improved health.

Living in a Main Street Walk-Up offered invigorating health benefits. Working in the same environment as he lived, Don knew everyone in the community and had learned to appreciate new faces in the Main Street sector where he worked and lived.

By participating in Urban Sprawl we’ve excluded the community from our lives. Our children grow up not knowing their neighbors. Our neighbors come and go, and we never get to know them. Living in a downtown area offers closer proximity, more opportunity, and greater integration of friendly open faces that welcome you home as business owners live and work together for the greater benefit of their community.

Colorado is beefing up their downtown areas with condos, live-work units above retail stores, rental units, and family homes on the Main Drag. Replacing the run-down industrial areas with life giving fresh facades and urban oriented growth offers great appeal to young urban-oriented couples and empty nesters as well as a diverse group of metropolitan folks who don’t necessarily want to live in the Big City, just the ‘city’.

Are you looking for a great way to promote your Inner City Opportunities and Urban Renewal?

J.D. Verhoeff at http://jventerprizes.com offers metropolitan ideas for marketing growth and development potential in rural communities.

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Property Management For Northern Virginia Real Estate - 10 Tips

Below are ten critical tips garnered from a property management company with over 15 years of experience in the Northern Virginia apartment leasing market. Of course, entire books have been written on the subject of property management, so think of the below as the start of your education as a property manager.

1) Research comparable rent prices. It is very important to do your due diligence when it comes to what price you’re going to advertise your property for. Price it too low and you’re going to loose out on extra rental income, too high and you might never schedule a showing of the property. Rent price is dependent on a number of factors including, the economy, whether people are buying versus renting, if local companies are hiring and moving people to the area, what current comparable listings you are competing with, and what prices have been obtained recently. For a list of comparable rent prices and average days on market it’s best to consult a local Realtor. In Northern Virginia be sure to research comps from NVAR’s metropolitan regional information system.

2) Clean and prep your rental property. First impressions can mean everything. If your rental property does not show well this can be devastating. You can be in the best area, across from a metro station, and with tons of companies hiring just around the corner, but if the walls are marked with crayon and you can’t pinpoint that certain smell (the not good one) then you’re likely not going to find a tenant. A reliable cleaning company in Northern Virginia is Maid Perfect.

3) List the property on the local MLS. The Multiple Listing Service (MLS) in many areas is going to be a solid source of leads for potential tenants. Real estate agents can list your property on the MLS and then the property is exposed to thousands of other agents who can show the property and find tenants for your unit. In Northern Virginia make sure your property is listed on MRIS.

4) Post your property on free listing websites. 70% or more potential tenants start their search for a rental on the internet. That being said, you want your listing to be posted on as many sites as possible. There are too many to list in this article, but a few Google searches will lead you to a ton of websites willing to host your listing and contact information free of charge. Use these sites to actively market your rental property. In Northern Virginia one of the key sites to be listed on is the Washington DC section of craigslist.

5) Market your rental unit to local companies. One of the main reasons that people move is for a new job. Companies that are actively hiring are typically the largest source of new tenants in a given metropolitan area. Make best efforts to get in touch with the relocation departments of local companies so that they can actively source new hires to you. These new hires NEED to find a place to live and will be the best source for tenants that are ready to make a decision. In Northern VA, you can find a list of the largest businesses in your area by visiting Fairfax County’s government website.

6) Shoot a short video of the rental property. Pictures are nice, but video is better, especially when dealing with potential tenants that are relocating and can not see the property in person. You can use the video to qualify potential tenants for showings. Simply host the video on your favorite free video sharing site (youtube, alo video, etc…) and then point the potential tenant to the video to make sure they are interested in your unit. If they have further interest after the video showing, it might be worth setting up a showing in person. The average tenant looks at over 6 properties before they make a decision, so shooting this video can save you quite a bit of time when dealing with potential tenants that just want to take a look, but are not ready to make a decision. In Northern Virginia you will want to post your video to Fairfax TV.

7) Run a thorough credit check on the tenant. If we lived in a perfect world, everyone would pay their rent on time and there would be no evictions. The problem is we don’t live in a utopia. Have you tenant fill out a rental application which gives you permission to run a credit check on them. Make sure that you follow the latest FCRA (Fair Credit Reporting Act) rules and regulations and get a FICO score for the potential tenant. This score will give you a good idea of whether the tenant is going to pay the rent on time, late, or not at all. A bad score usually means a tenant that will give you problems. It’s better to leave the place vacant than take the risk. In Northern Virginia the you should provide the tenant with the FCRA rules and regulations after running their credit. Legalities are often state specific. Please consult your state’s landlord tenant act before running credit or other background checks on potential tenants.

8) Obtain a rock solid lease agreement. The lease dictates the relationship between the landlord and tenant. You want to obtain a fair lease agreement that protects you as the landlord. If things go well with the tenant, then you will probably never look at the lease again, however, at the first sign of trouble, this piece of paper is all you have to get you out of a bad situation. It may be worth having a leasing specialist or Realtor draft the lease for you, a lawyer might be too expensive, unless you have multiple properties and can reuse the same agreement. In Northern Virginia you’ll want to contact NVAR to obtain a rock solid lease.

9) Find a good contractor. When the plumbing goes out, or the HVAC does not work, who are you going to call? If you’re an expert in these areas then you have nothing to worry about…most of us aren’t. It’s a good idea to get to know an honest, reliable and timely plumber, electrician and general contractor. Timeliness is of supreme importance. Make sure to develop a good enough relationship with your contractor such that they take care of your tenants in a timely and professional manner. If the contractor isn’t contentious, it will hurt the relationship with your tenant. In Northern VA you can obtain a good list of contractors by going to the Washington DC section of ServiceMagic.

10) Consider using a Realtor, property manager or leasing specialist. Hiring the right help can make your life a lot easier. These folks will do all of the above and more for you. However, be sure to do your research. Not all property managers are created equal. Use someone local who has expertise in your community.

For further assistance with property management in Northern Virginia, specifically in Tysons Corner, Vienna, Mclean, Fairfax or Dunn Loring, please visit: http://www.nvacondos.net/Landlord_Services.php

Eugene Pace has been assisting landlords in renting and managing their condos for over 15 years. He has an experienced team focused on property management in northern Virginia. Areas of expertise include the condo and townhouse communities of: Tysons Corner, Vienna, Mclean, Fairfax and Dunn Loring.

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How to Prudently Buy a Foreclosure Home

Foreclosure homes can be a great opportunity to purchase at a lower price, but potential buyers need to be prepared for the risks. From previous homeowners who won’t leave to poorly maintained homes, foreclosure investors need to consider all the downside possibilities before committing to a mortgage.

If you’re investigating the purchase of a foreclosure property, keep reading for tips on how to do it right.

1. Have the Home Inspected Before You Offer

Before you spend the funds on making an offer, look into having the home inspected. Or, alternatively, if you’re planning to purchase the home at auction, bring an inspector with you.

The cost of a home inspection could be worth the expense if you wind up having to deal with a major foundation or infrastructure repair that might otherwise help you avoid a financial nightmare.

2. Look Past the Cosmetics

Foreclosure properties are often either empty or the previous homeowners were evicted. This can lead to major disrepair and even possible vandalism. When you’re weighing a foreclosure home as an investment, you need to look past the basic cosmetic features of the house.

Remember, walls can be painted, tiles can be replaced, drywall can be refitted, but it will cost you. If you can afford the renovations, big or small, and still turn a profit, then this may be the foreclosure investment for you.

3. Location, Location, Location

Real estate is 90 percent location. If your foreclosure home is in a fantastic location, you have a winner on your hands, even if the structure itself isn’t so great. Whether it’s for schools or transit, location can make a home infinitely easier to resell.

When researching foreclosure properties for investment purposes, look in areas that are highly desirable and have steadily increasing property values. With that in hand, you will always have a sound base for your investment.

4. Don’t Buy a List

You don’t need to buy a list off the Internet to purchase a foreclosure investment property. All you need is a solid realtor who knows what you’re looking for.

5. Remember the Short Sale

Short sales are another great way to save money on a home purchase. A short sale occurs to prevent a home from going into foreclosure. Essentially, the current homeowner and their bank or lender reach an agreement to sell the house for, at the very least, the outstanding amount on the current mortgage.

In a short sale, both the seller and bank are highly motivated to sell, less concerned with negotiating purchase price, and simply eager to pull out. Being able to recognize and maximize that kind of situation is your ticket to a solid foreclosure home investment.

For insightful information on new home locations, see homepropertytips.com, a popular site that assists in your search for the perfect home, including West Palm Beach condos, Cape Coral property, West Palm Beach condos, cool house plans, and many more!

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Beautiful Mackinac Island in Michigan

Mackinac Island is a small island just a few miles from the Michigan Mainland. You can get there by ferry from either St Ignace or Mackinaw City. The ferry ride takes about 15 minutes.

This lovely island has a rich history and a Victorian image with many historic homes and hotels. When you arrive there you really feel you have stepped back in time as no cars are allowed anywhere on the island. Getting around means horse and buggy, biking or walking.

The island boasts Mackinac state park which the National Geographic named one of the 10 best in the USA. There is a lovely butterfly house that kids especially would enjoy with over 500 of them to see. If you enjoy golfing Wawashkamo Golf Club has a course played on 9 greens from 18 tees and is open to the public.

For people interested in history, Fort Mackinac was constructed by British soldiers during the American Revolution. It served as a sentinel in the Straits of Mackinac for over 100 years. Today, the original restored fort is a National Historic Landmark.

One of the best ways to explore the island is to take one of the many carriage tours available. You can even rent your own carriage or discover all the island has to offer on horseback.

There are many interesting shops which include clothing, gifts, fudge and candies. Several artists live on the island and their paintings are available in several galleries. My favorite store is Lilacs and Lace which has Victorian china, jewelry, bath and body products and jewelry cases.

Accommodations include stately hotels, bed and breakfast, condos and suites. The island has a permanent population of about 500 but this increases dramatically in the spring and especially the busy summer season. Reservations at any place should be made well in advance.

The Grand Hotel was built in 1887 and was featured in the movie Somewhere in Time. It has even been named one of the top hotels in the world. This is an attraction itself and features luxurious Victorian rooms, beautiful views and several first class restaurants.

There also is a big selection of restaurants featuring everything from casual dining to the elegant.

Mackinac Island is truly a gem and a wonderful place to visit. Michigan is beautiful in the fall and the days remain nice and this can be a great time to go there as it is much less crowded than during the summer months.

To learn more about Mackinac Island please visit http://www.squidoo.com/mackinac-island-michigan

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Waterfront in Arizona

When thinking about properties in Arizona, most people probably think desert, golf, or maybe retirement communities, but what about the waterfront? That’s right, waterfront. Arizona actually has a lot of waterfront real estate with two of the most exciting developments, Tempe Town Lake and the Arizona Canal near downtown Scottsdale, quickly becoming hot spots.

Built on the Rio Salado, 60 per cent of Tempe Town Lake has been designated for private development while the rest will be kept as open space, wildlife habitat and parks. The condos in this neighborhood have access to a marina, boat rentals, fishing and Tempe Beach Park.

This town is dedicated to providing a great atmosphere for its inhabitants and hosts 50 community events throughout the year, including a free Sunday music series at the marina, a marathon, a music festival and a community festival and fireworks display. Take in a show at the new Tempe Center for the Arts or visit one of the hundreds of shops, restaurants, bars and nightclubs along Mill Avenue. The future Tempe marketplace is slotted to provide 130 acres of outdoor mall with dining, shopping and a multiplex movie theatre.

Ideal for outdoor enthusiasts, the beautiful lakeside trails are perfect for enjoying a leisurely stroll or morning jog, and if you’ve ever wanted to take up dragon boat racing or outrigger canoeing, local teams offer you the chance to do just that.

Lifestyle features such as pools, spas and onsite fitness centers are common offerings in this neighborhood. Take in stunning lake and mountain views from your private patio, courtyard or balcony, and check out the outdoor community spaces when you feel like being friendly. In fact, in addition to luxury condos, there are a number of award winning, master planned developments which include areas for commercial and office space so you can set up your business in the neighborhood and walk to work. If you work further afar, no worries - these developments enjoy easy access to Sky Harbor International Airport and Arizona State University, and with the light rail bridge your commute to downtown Phoenix is a snap!

With significantly less water but no less buzz is the development along the Arizona Canal near downtown Scottsdale. This waterfront revival is bringing with it the downtown’s resurgence: there’s a lot of excitement around what some people are billing “Scottsdale’s renaissance”. As the banks of the Canal undergo landscaping improvements the area is quickly becoming a hot spot for walking, biking and jogging. A number of condo and loft projects offer access to the nearby commercial projects, and buyers will delight in the area’s one of a kind boutiques, locally owned shops and trendy eateries. The nearby championship golf courses sweeten the deal.

The residences here are within walking distance to Scottsdale Fashion Square and the Fifth Avenue and Old Town areas. With two pedestrian bridges and downtown Scottsdale’s free trolley service, getting around town has never been easier - you’ll love the freedom.

So there you have it - two of Arizona’s hottest waterfront developments. Tempe Town Lake and the Arizona Canal near downtown Scottsdale are both great options for people looking to enjoy the urban lifestyle without the responsibilities of traditional home owning. These developments are ideal for professionals, empty-nesters and anyone who likes to be outside, or just wants to enjoy the view.

Anne Eliason, a dedicated professional specializing in Phoenix AZ real estate. To do a Phoenix AZ MLS search or to find out more about waterfront properties in the Phoenix Valley, visit Anne online at PhoenixValleyRealEstate.com

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Tampa Real Estate - Home Builder Confidence Remains High Here

As anyone would tell you these days, the past two or three years have not been the best times for the real estate market, to say the least. This statement does not only refer to the housing markets in Florida, but to all the property markets in the US as well.

However, according to forecasters and real estate analysts, it’s not all doom and gloom, and many view this time to be a period of correction in the markets, and a return to normal levels. In the state of Florida, The city of Tampa has seen the brunt of the housing slump, however many of its housing developers continue to remain confident the market will slowly rebound, and that they are continuing to invest their money in the construction of new homes in this area.

How Builders Here Are Seeing A Silver Lining In The Dark Clouds

It is quite encouraging to see seasoned and knowledgeable home developers who continue to put their trust and confidence in the local housing market. It’s vital to remember that there is still opportunity in a down market, and the home builders here make for a good example of that.

By taking advantage of the characteristics of the current market, these developers plan on turning a negative market into a positive pay-off, and they all understand that the Tampa Bay region has always been a dynamic market and has a good history of being resilient and has an air of continuity, and despite the general pessimism, there is still some room for success and optimism.

What About Buying Condos Here?

For those who are familiar with the communities around Tampa Bay, they would understand just how dynamic and culturally infused its real estate market truly is. When it comes to different lifestyles, the Tampa area has it, with notable areas like Hyde Park, Downtown, Channelside, New Tampa, Brandon, and Westshore, it’ quite easy to locate a place that compliments an individual’s unique style and personality. According to long-time observers, one of the joys of living here is that local culture and themes are best exemplified in the condominiums that are home to the area’s residents.

Depending on its design, whether it’s the futuristic and stylish patterns of the Grand Central Condominiums of Downtown Tampa, the classical old-world inspired beauty of Cordoba Beach Park, or the tropical charms of Courtney Palms, there’s a nice condo here to call home for anyone looking to live the active and vibrant lifestyle in a city like Tampa. And if you’re searching for a condo unit for yourself, or seeking to buy an investment property, the condo market in this area is viewed as a wonderful place to purchase or rent one.

With a wide array of leisure, cultural, entertainment and sporting attractions, the Tampa Bay area is seen as a vibrant place for those who want to go on vacation or find permanent home. The city of Tampa and St. Petersburg are famous for their wonderful beaches, fishing, golf, boating, and dining. And with the Port of Tampa nearby, vacationers can easily plan on taking a relaxing cruise into their itinerary. The city’s central location also makes it comfortable to visit the sights and enjoy the activities in nearby Orlando, and go to popular places like Disney World, MGM, Universal Studios, and Sea World.

http://miami-realestate.net - Tampa Real Estate

Vanessa A. Doctor from Jump2Top - SEO Company

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What If the Best REIT to Invest in Isn’t a REIT at All?

REITs, or “Real Estate Investment Trusts,” are specialized investment vehicles for investors looking to diversify their holdings while sharing the risks and responsibilities among a group of investors with a similar focus and goals. Those ambitions are good ones, and REITs can be good, even great, places to put your real estate investing dollars. But there may be a better alternative.

Because there are so many REITs available, and they vary so greatly, it’s common to hear from investors regularly asking, “What’s the best REIT to invest in?” I’m not going to try to answer that here. Rather I’m going to propose an alternative. If you’re looking to invest in a REIT, and you’re looking for the best REIT to invest in, you should consider City Capital Corporation’s Socially Responsible Real Estate Investing Program as an alternative.

Most of the benefits of the best REITs are available with City Capital’s program, with the added advantage of social responsibility and community building that most REITs can’t offer. If you’re looking for an investment vehicle that lets you build your portfolio of properties - up to six per year - without using your own cash, without using your own “sweat-equity” or labor, and NOT assuming all of the risks yourself, City Capital’s program just may be for you.

The Socially Responsible Real Estate Investing Program at City Capital Corp. lets you invest using either your own self-directed IRA funds, or your own good credit. They invest in communities and urban areas where working families need good rental housing. These working men and women are pre-qualified and waiting for homes, ready and willing tenants for your investment properties!

If you’re considering a REIT, and looking for the best REIT to invest in, take a few minutes and learn about City Capital’s Program for yourself. It will be well worth your time.

Tom Dunn is a successful real estate investor and author of the popular DealFiles Real Estate Investor Stories free newsletter. He is a champion of Socially Responsible Real Estate Investing. You are welcome to share this report, unedited and in it’s entirety, with anyone you like. This text, and all live text links, must remain intact. © 2008 by Tom Dunn.

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Real Estate Property Investment Series: Focus Malta 2007

2005 to 2006 was a very bad period for Malta; the Mediterranean island’s economy is heavily reliant on tourism and in its bid to achieve adoption of the Euro and acceptance of the nation as an important member of the European Union, the government of Malta took their eye off the ball during this period of time and let the tourism industry slip.

The government was also reluctant to expand their aviation policy to allow cheap flight operators in from the likes of UK, Ireland, Italy and Germany and as a result fewer tourists arrived in 2006 and the property market in Malta which is also heavily reliant on tourism trade became stagnant with an oversupply of property stock impacting negatively for investors considering market entry.

Luckily a series of events have taken place to turn Malta’s fortunes around and going in to 2007 everything is looking very positive indeed for the property market and the travel and tourism industry in Malta.

Local citizens dependent on travel and tourism generated revenue for their living rapidly responded to the turn down in tourism traffic, they pushed the government hard to allow cheap flight operators in and their efforts have also resulted in the government announcing a 40% increase in the amount it will invest on the industry in 2007. Prior to this commitment and effort the World Travel and Tourism council scarily predicted that Malta’s government would only expand investment by 0.3% over the next ten years.

Cheap flight operators have forced Air Malta, the national airline, to become equally competitive and in 2007 there are predictions for a surge in tourism traffic. There are no two ways about it, Malta will become easily and cheaply accessible meaning that today’s holidaymaker who inevitably becomes tomorrow’s holiday or retirement home hunter will consider Malta because they know they can come and go frequently for little money and with a good choice of flights available.

As soon as visitors start arriving in high numbers as they are expected to do in 2007, more people will realise just how much appeal Malta has which in turn will push up demand for rental accommodation as well as resale properties meaning an investor has rich pickings in Malta from 2007 onwards.

Malta has so many positives in its favour; it is one of the safest countries in the world, it is one of the most idyllic for retirement, the cost of living is relatively low whilst the standard of living is certainly high, English is widely spoken, there is an active long term and holiday rental market and now Malta is easily and cheaply accessible from the UK and Ireland as well as Italy and Germany. Malta is on the Mediterranean, it has a stunning climate, crime is very low and the standards of healthcare and education are high. The economy of Malta is robust enough for Malta to be edging towards adoption of the Euro in 2008 and politically the island is stable.

For a property investor all of these pluses mean that Malta is now an attractive location to consider for investment and global property specialists Knight Frank have predicted around a 12.5% increase in property prices across Malta and neighbouring Gozo next year alone. So, there is no doubting the potential in Malta and 2007 will be a good year for property price growth and the promotion of the nation to a wider travel and tourism audience.

Rhiannon Williamson writes about property investment worldwide, to read more about property investment in Malta in 2007 and beyond visit her site http://www.amberlamb.com

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