Which is the better selection for real estate investors? Canada vs USA.

September 24th, 2009 by admin

Countries around the world have adapted the boom period prices and now are offering real estate properties with alluring discounts. Investors in real estate look forward to these days. To bag a low price. What are the dissimilarities between the competitors?

The USA real estate prices are not yet seeing a comeback, whereas in Canada the multiple listing services have a multitude of real estate and prices are beginning to climb. So do lower prices mean a prime investment? Canada is still seen as the prime real estate investment option by those whose job it is to monitor it.

The most viable option for real estate investment is still Canada over the the USA as stated by property experts all over the world. Even though prices seem to be levelling off in the USA, experts assume that there may be more drops ahead. At this time there is many problems affiliated with the US property market, such as inadequate returns and high taxes. As a result the US market received only 2 stars out of 5 in a long term investment assessment chart.

Canada has aquired 3 out of 5 stars in the same chart. This is because it has an improved taxation system, a fair rental market and a more reliable economy. (For clarification the city represented in Canada is Toronto and the USA is New York)

Transactions costs are smaller making Canada an even more attractive investment option. Transaction costs are inclusive of registration, real estate agent, legal charges and sales, transfer taxes. These costs are much less in Canada than in the USA, 6.96% compared with 9.07% Over 2% higher charges will make a variance when an investor tallys up their choices.

No matter which country you choose in the end, I wish you the best of luck with your investment.

The BBC bounce

June 20th, 2009 by admin

The BBC boom Property in Salford is hot property; if you’ve got a house nearby then I wouldn’t recommend selling it any time soon. With BBC’s media city is going to hit Salford sometime in 2012 there will be an influx of London media types hitting the shores of Salford, all clambering for a slice of the Northern landscape. Not only that, but the moment those savy workers hit the streets of Manchester there will be a wave of people catering to those tastes. Restaurants, bars, pubs, clubs, food outlets, shops and stores will all become increasingly hot slices of the northern social scene, so if you are lucky enough to live in those areas take our advice and start thinking long term.

If you’re thinking about selling your property in Salford set aside time to think over the ups and downs of the housing market, would it be better to wait and see what the property market is going to do? In a few years, when the housing market recovers your property might be worth significantly more than it already is.

A good think to do is make sure you’re aware of how much your house is currently worth, so look up a Manchester estate agent and get your house valued. Granted they may not have the best reputation but its important you have a good understanding of what your house is worth. If the valuation is not to your liking, always get a second opinion.

It’s not just property in Salford that’s set to increase in value, the surrounding areas could also see a boost in sales too. Property in Old Trafford is probably worth holding on to, as is property in Swinton, Irlam and Eccles so if you are looking to sell, don’t rush into anything just ye