Real Estate News: World’s Tallest Building Officially Launched
The much anticipated and eagerly awaited official launch of the world’s tallest building, standing tall at a dizzying height of 828 meters (2717 ft.) in Dubai took place on the 4th of January this year. The glitzy opening cerem
Real Estate News: Burj Khalifa - An Architectural Splendour
ony raised fallen hopes amid speculations that this might be the last cheer for the real estate sector of the debt-ridden Dubai. Among other developments, this glistening spectacle of metal and glass was renamed as “Burj Khalifa”, by H.H. Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai in honor of Sheikh Khalifa bin Zayed al-Nahayan, ruler of the emirate of Abu Dhabi, which has bailed Dubai out to the tune of $25 billion in the past year. The 1.5-billion dollar skyscraper beat the next tallest building, Taiwan’s Taipei 101, by more than 300 meters (1000 ft).
This bail-out has raised expectations that Abu Dhabi will now be able to enjoy a host of benefits from Dubai including monetary concessions and sharing of some commercial power.
Breathtaking fireworks, Themed-acts, Skydivers were all part of this Spectacular ceremony which was broadcasted to millions across the globe by several local and international Medias. Coincidentally, the opening ceremony also marked the fourth anniversary of accession of Sheikh Mohammed as the Ruler of Dubai.
An over-whelming sense of patriotism prevailed over the entire Burj-Al Khalifa Island Park, which was bustling with citizens.
The Speaker of Federal National Council, Abdul Aziz Al Ghurair, said Burj Khalifa is another milestone in the development and progress, which transformed the emirate into world’s fastest growing city and helped transform UAE into a leading regional and international nation.
Unlike all other skyscrapers, which are only meant for commercial purposes, the Burj Khalifa has residential apartments, hotel, offices and other public amenities.
However, the 100 billion dollar debt on Dubai had eclipsed the ceremony as was clearly visible.
Smart Homes – A next wave in Real Estate
Real estate all over is moving towards a new paradigm where homes, offices and other systems are to be responsive and make life easy for the users. It is time for intelligent homes or smart homes which uses technology and automation for the future homes. These smart homes are equipped with occupancy sensors that monitor activity and automatically turn off lights, the television and music when no one is in a room. Homeowners can program the system using a touch screen, or over the internet easily which provides remote access to the smart homeowners.
These intelligent homes are environmental friendly, conserve energy and save money. Materials and technology help save energy in the smart home concept. Security alarms and intruder detector provided increases the security of the smart homes. These smart homes can be termed as gadgets but with time and knowledge of the home owners it becomes a internal part of current lifestyles.
Real Estate Guide: Know the best way to sell your Real Estate Property
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Reelastat: Do sites really need to go down this low to get more visits?
It is common knowledge that users make a lot of typing errors while entering a word in the search bar of a search engine. Despite this accidental, unintentional or may be even deliberate abuse of the English language, the search engine is still able to provide results. Taking advantage of this fact, many SEO’s try to optimize the site according to those keywords and are even successful sometimes in achieving a higher rank for their websites on the Search Engine Result Pages. For example, a term like “Wal-Mart” was often misspelled as “Wall-Mart”, which was utilized to the full extent by many a websites. However, we already know that search engines are programmed in such a way that they react to search queries by automatically providing users with suggestions as to what they might be looking for, right at the top of the search results.
For the real estate segment, the most common typos are “reel estat”, “reelastat“, “real estat”, reel state, real estete and so on and so forth. The term “reelastat” has been found to provide search results which are often related to Cinema, Films, Movies etc. Even some of the real estate sites use terms like “reelastat” and “real estat” just to get more visitors to their sites which would in turn increase their ranking. It is indeed surprising to know that search engines carry out bidding campaigns on the keywords like “real estaste”, “reelastat“, “reel estat” , “real istate”, which happen to end up at pretty high amounts, due to the high competition that’s there between the bidders. This scenario was widely prevalent, when the real estate market was in its extremes. This technique was extensively used during the recessionary times as many people often logged in get the latest updates on real estate industry.
Like every coin has a flip side, the gain of these websites may come up as loss to an unsuspecting user who might not be too familiar with the search engines, despite the rare occurrence of these incidents in actual.
US Real Estate sales surge ahead: Housing Inventory Declines, Housing prices shows mixed trends
The real estate market in the United States seems to have really picked up in the last two months. Home sales continued to surge ahead for the second month in succession. According to the National Association of Realtors, There was a sharp increase of 10.1% in the month of October to a seasonally adjusted rate of 6.1 million, which was incidentally the highest level in the last 2.5 years. This has mainly been attributed to the first time buyer tax credit, which was due to expire this month combined with the real estate shortage which led to more aggressive buyers. This pushed up the real estate sales in the United States. Nationwide sales were also up by nearly 36 percent.
However, the housing inventory fell by 31.7%. Taking the current sales trends into consideration, the supply of homes is only to last for around 7 months.
In addition to that, there has been a lot of confusion regarding house prices. The house prices continue to be stable in some regions, whereas in other regions it continues to decline. According to a latest survey, home owners in the east were highly skeptical about the price of their houses, despite posting the highest percentage of increase in house prices. On a national basis, 25% of the respondents believed that their home value increased over the past one year, where in reality, only 22% homes had their value increased.
Latest Real Estate Trends: Forecasts for US Real Estate Markets
A survey among leading lenders, investors and top-notch consultants involved in the commercial real estate business in the United States predicts that the industry might hit a rock bottom in 2010. The causes of this impending threat are mainly attributed to the persistent recession and the credit squeeze in the market.
The value of commercial real estate is expected to fall by almost 40 percent from their peak, which was around $290,000 on an average, or even up to 50 percent in some sectors, according to a report by the Urban Land Institute and PricewaterhouseCoopers LLP. The findings of the above mentioned real estate report suggests that there has been a significant decline in home prices in around 8 out of 10 cities in the United States, owing to the fact that around 30% of all the deals involved heavy discounting. It is feared that the impact will be far worse than that felt during the Great Depression. Weakened job markets and increased customer skepticism adds to the impending doom and distress already prevalent in the real estate market.
However, people can expect healthy returns in the apartment sector of the real estate segment as there has been a significant increase in the population of college going men and women in their 20’s who would like to stay nearer to their respective colleges as many new ventures are located in close proximity to various colleges.
Real Estate Market Trends – A Prelude
An Overview of the Real Estate Markets
The real estate markets across the world have taken a hit in the past one year or so. Mainly because of the burst in the housing bubble in the US markets. It has impacted the US and UK investment banks and mortgage companies which had many defaulters and had a ripple effect in international real estate prices. The prices were inflated and house loans were given at high interest rates which led to a bubble in the real estate market.
Real Estate Markets – Limping towards normalcy
Changes in the US economy have impacted the real estate segment across the world as most of the big players have their liquidity funded by firms like Lehman Brothers and Merryl Lynch. However, the real estate market has a huge potential to grow and has seen an unprecedented boom in the last few years. Though it had an impact of the global recessionary scenario, realty market is again picking up because of strong fundamentals and liberalization policies. The worst is still not over for real estate companies as they have to cope up with the downturn effect and move forward with a conservative approach.