VietNamNet Bridge - The property market segments which bring the highest profits are mostly controlled by foreign enterprises. In July, ERA Real Estate, a foreign broker, quietly opened five transaction points and one commercial office in the central business district of HCM City. The company now has 300 consultancy officers trained and certified in accordance with international standards. The broker revealed an ambitious plan to become the leading real estate distributor in Vietnam in the next five years with a network of 50 transaction offices in large cities and staff of 5,000 well-trained workers. The property market segments which bring the highest profits are mostly controlled by foreign enterprises. To quickly adapt to the emerging market of Vietnam, the US broker decided to join hands with Eurocapital Group, an investment conglomerate which has had offices in Vietnam since 2008, to establish ERA Vietnam. RELATED NEWS Real estate brokers now require … [Read more...] about Foreign real estate brokers expanding in Vietnamese market
Real estate
Why do real estate developers want to legalize condotels?
VietNamNet Bridge - Real estate experts believe that selling condotels can bring huge profits to investors and savings in fees that apartment developers usually pay. The first condotels appeared in Vietnam several years ago and have been developing very rapidly since then. According to the Ministry of Construction (MOC), there are 148 ongoing condotel projects developed by 52 investors. It is expected that 27,000-29,000 condotels will be launched into the market in 2017-2019. Many investors, when advertising condotels, give unclear information which does not coincide with the purpose of projects approved by state management agencies. This has led to misunderstandings among buyers not knowledgeable about the law. According to Quyen, resort tourism projects must be seen as production and business projects, not as housing. The decisions on allocating and leasing land for project implementation show clearly the purposes and land use duration. The condotel market is … [Read more...] about Why do real estate developers want to legalize condotels?
YOUNG, BLACK REAL ESTATE INVESTOR TEACHES KEYS TO SUCCESS
Kendra Barnes and her husband are owners of several investment properties in the Maryland and D.C. areas. Barnes was so motivated by this accomplishment that she decided to start a company that guides others in the same direction. The Key Resource is a play on words with a hidden message. Barnes is giving people “key” information and resources they need to get the “keys” to their home or rental properties. The company name also serves as an acronym: Knowledge Empowers You. Black Enterprise Contributor Nicole K. Webb caught up with Barnes to learn more about her real estate investment movement. How has owning investment properties impacted your life? Owning investment properties has allowed me to create passive income and build wealth, but one of my favorite things about being a real estate investor is the ability to impact the lives of others. I love that I am able to be an example for my tenants and their children. The fact that they are able to see me as a … [Read more...] about YOUNG, BLACK REAL ESTATE INVESTOR TEACHES KEYS TO SUCCESS
4 Radical Real Estate Ideas To Fix Our Broken Housing System
At the core of the American housing system of today is the fundamental belief that housing should be a vehicle for private wealth creation. Privately owned housing on the market makes up 96.3% of the total housing stock in the U.S. Homeownership, once one of the surest ways for a family to accumulate wealth, has declined across the country; rates dropped to 63.4% in 2016, their lowest since 1967. Big banks and mortgage companies attach stringent criteria and high interest rates to loans that often lock lower-income people out of buying a home. So instead, they’re forced into the rental market. As wages have stagnated and property costs have continued to rise, an astonishing number of Americans struggle to afford monthly payments. Almost half of all renters spend more than 30% of their income on rent, which is the ratio the federal government deems affordable. One in four renters shell out half their income to hold onto a place to live. Homeowners aren’t any better off: … [Read more...] about 4 Radical Real Estate Ideas To Fix Our Broken Housing System
An international real estate competition named 40 new developments the best in the world
The 2015 MIPIM Awards finalists are out, naming what an international group of architects, developers, and real estate insiders see as the top 40 new developments of the past year. The 40 developments were nominated across 10 catagories, as well as a special jury prize. One winner from each category will be chosen at the ceremony the Grand Auditorium of the Palais des Festival in Cannes, France on March 12. Though the contest has an international scope, developments in Europe and Asia dominated the shortlist. Center Parcs Woburn Forest (Nominated for Best Hotel And Tourism Resort) Bedfordshire, United Kingdom Architect: Holder Mathias Developer: Center Parcs Other: WTI, Schletterer, Edmond Shipway, PBA Description: 'These feature Center Parcs' largest and most sophisticated 'sub tropical swimming paradise' (STSP), a state of the art spa, sports facilities, and conference venue together with a wide range of restaurants, retail offers and leisure activities. The whole complex is … [Read more...] about An international real estate competition named 40 new developments the best in the world