Kentucky Real Estate Business

Posts Tagged ‘Land’

Article by Lori Murphy

Missouri is the perfect place to buy land. Those who want to buy their dream home land, and then Missouri is the correct place to invest money. Missouri land is an amalgamation of natural resources and beauty. To know more about Missouri’s land, read the article below.

Missouri is a part of the Midwestern United States, which is covered by Illinois, Kentucky, Arkansas, Iowa and Nebraska. It stands as the eighteenth most populated state in the United States. There are different types of land available for sale in Missouri like Antler Ridge, Barnes Hollow and The Ranches of Mont auk Park.

One can buy Missouri Land for various purposes like hunting, camping and residential purposes. It is also considered as an ideal place for nature lovers who can spend their quality time in the lap of Mother Nature. Antler Ridge, situated in the inner part of Missouri is an ideal place where one can invest money in buying a land. Besides, the surrounding area is very beautifully developed with natural and dazzling scenery like lush foliage and large Oak & Pine trees. Missouri is the place for you to fulfill all your dreams whether it is about owning a house on a river side or visiting a place which is an amalgamation of beauty, wildlife and natural resources.

If you really want to enjoy the beautiful rivers, valleys, wildlife in Missouri or you are planning of buying a land there but still stuck up with confusions then you can enhance your knowledge by searching through internet, about the various land pieces available for sale in Missouri by putting in simple keywords Missouri land for sale.The climate in Missouri is extremely hot and humid with extreme cold winters because Missouri is located in the inner circles of United States and there are no large mountains or oceans close to balance the temperature there.

Missouri’s geographical location and demographic diversity make it a worthy place to study about the economy and the real estate market. Prices for land for sale in Missouri can reveal a lot about economic climate and real estate prices.

The land is filled with lakes, ponds, river sides which make it an adventurous place to visit and live. Therefore, if you are still waiting to buy a land of your choice for a long term purpose then here will your dream come true.

Missouri is just not famous for a huge agricultural output, but also has a strong manufacturing industry. And, in addition to this, it is full of natural resources and limestone. Missouri is the leading producer of lime. Tourism acts as a financial supporter to Missouri.

Get the information on land for sale in Missouri according to rate, county, acreage and property type. The kind of properties consists of large tracts of lands, farms and ranches which can be utilized for hunting, fishing, enjoyment, recreation, hiking, rafting, residential and so on.

http://goarticles.com/article/Beautiful-Missouri-Land-on-Sale/3072516/

Article by Jan Burmistroff

Buying rural land affords the investor lots of money making opportunities. Still selling cheap, rural land presents itself as a viable investment avenue for home buyers. You can buy the land for resale or development. In which ever way you use it, you would be wiling to be extra careful in buying this type of property.

The first step in buying rural land is to consider carefully the use to which you will put the land. If you are going to develop the land yourself, you may have to consider the distance you will have to travel to bring in input. If you are sending workers to the area, you may have to pay them a higher wage because of the distance and the conditions under which they are going to work.

If the construction work will have to rely so much on electric power, you will have to consider proximity to the grid or the availability of electric power in the locality. Heavy equipment and power tools like drills will need a lot of power to wok properly.

Rural areas also have their zoning just like the cities. You are allowed to put up residential or commercial structures only in designated areas. You must find out what the zone has been earmarked for to see if it meets your needs.

You may want to obtain data about flooding in the area. You would not want to begin construction only to be disturbed by floods. You would not want to bud your horse property in the waterway or build a ranch on loose soil.

How will you get into your land? If you needed to get through another neighbor’s land, then you will have to get an easement so that you do not run into legal troubles later.

For potential buyers, Kentucky is one state that has lots of raw rural land for sale. The area is very good for developers because of its endowments. Land in this state is good for hunting, timber, fishing and equestrian development. The state has so much wildlife for hunting enthusiasts.

You should be satisfied with the legal work before you make any commitment on the land. You will need to verify the true owner of the land and if there are any liens on it. You will need to know if there are impending court actions against the land. Once you are sure that the land exists as free hold, you can go ahead to make your payment.

Adjacent structures will also affect the price of your land during a resale. You will have to note that if your land is sited near a plant that keeps working, you may find it difficult to locate a buyer who intends to use it for residential purposes. In the same way, a commercial property developer would want land that will be able to support his business and would therefore want to obtain something close to services.

If you intend to use the land for farming activities, you may want to consider the size of the plot. Rural farm animals need to be kept in the open so you need quite a large size of land to be able to keep them. Additionally, you need a fertile land with adequate grass or grazing facilities. Access to water may also be of great importance.

For people buying the land for recreational activities like fishing, proximity to a lake or river would be ideal. You may also want to be sure that your property is located further from the river so that it is not flooded.

To which ever use the owner puts it, buying rural land is a sound investment option. You would be able to make so much returns on the sale in future. If you intend to use it for personal purposes, you will be able to enjoy the serenity of the rural area and enjoy your favorite sport.

http://goarticles.com/article/Buying-Rural-Land/2508358/

Article by RSM

Alien Land & Condominium Ownership Rights

Under normal circumstances in accordance with Thai law, aliens (foreigners) and alien juristic persons are not permitted to own land in Thailand. However, they may acquire land for certain purposes as described below:

Alien juristic persons (foreign business entities in Thailand including companies and partnerships) land ownership rights

They may be granted promotional privileges under the laws of Thailand (Investment Promotion Act B.E. 2520). In accordance with Section 27, these persons with promotional privileges shall have the right to own land in order to carry on the promoted activities to such extent as the Board of Investment deems appropriate.

They are not classified as aliens under Thai law (section 97 and 98 of the Land Code). Those with less than half of their shareholders being foreign are able to purchase land. However, in general practice a juristic person who has foreigners holding shares ranging from forty to forty nine percent must receive prior approval to purchase land from the Land Department or the Governor of the Province in which the land is situated.

Aliens

The amendment of the Land Code Act dated 19 May, 1999 allows certain aliens to own land. Aliens who wish to acquire land must bring foreign currency into Thailand for an amount as specified in the ministerial regulations but not less than 40 million Baht for the specified investment prescribed in the same ministerial regulations. Aliens meeting these Thailand legal requirements may obtain permission from the Minister of Interior. This permission allows aliens to own land for residential purposes in an area not exceeding 1 rai. In addition, aliens are permitted to own condominiums under Thai law (Condominium Act). In a building containing condominiums, aliens including alien juristic persons may own a total percentage of such condominiums up to but not exceeding forty nine percent.

Aliens permitted to own condominiums:

Alien juristic persons

Those under section 97 and 98 of the Land Code B.E. 2497 who are registered it under Thai laws.

Alien juristic persons who have been granted promotional privileges under the investment promotion Act.

Other ones may own condominiums by bringing in Thai or foreign currency to purchase condominiums or using Thai or foreign currency from their accounts to purchase such.

Aliens

Aliens who hold residence permits under the Thai Immigration laws.

Aliens under the investment promotion laws of Thailand.

Other aliens who are not permitted to reside legally in Thailand or have not entered into Thailand under the investment promotion law may own condominiums by bringing in foreign currency to purchase condominiums or using Thai or foreign currency from their own accounts to purchase such.

Any Thai who has an alien spouse including those who have divorced their alien spouse.

http://goarticles.com/article/Alien-Land-Condominium-Ownership-Rights-in-Thailand/4779851/

Are you planning to buy a property? Then buying a property in Missouri, located in the Mid-western part of the United States, can be a great choice. Read this article to find out about Missouri and why purchasing land there could be a great investment for the future.

The state of Missouri is located in the mid-western part of the United States. It is surrounded by 7 neighboring states namely Oklahoma, Arkansas, Illinois, Kentucky, Tennessee, Iowa and Nebraska. Missouri is the eighteenth most populated state. One can find purchasable land in Missouri at locations such as the Antler Ridge, Barnes Hollow, Indian Creek and Whispering Oaks Ranch. One can buy land in Missouri for camping, hunting and residential purposes. Whatever the reason may be, one is sure to find a tract of land to his/her liking.

Missouri is considered an ideal place for those who find peace in witnessing natural beauty. Antler Ridge, that is located in the interior part of Missouri, borders the Mark Twain National Forest on the east side while on its south and west side is the Pioneer Forest Conservation Area. The national forest area is as wide as 420,000 acres, which gives one an opportunity to explore and enjoy the wildlife. The surrounding area is completely amazing with lush foliage and large pine and oak trees. Antler Ridge is a perfect place for those who love fishing, camping and rafting. Barnes Hollow is located in Shannon County near to the Texas County. It is the ideal place for recreational activities. One can opt for buying land in Barnes Hollows for residential purpose. The area is a part of the splendid National Scenic River ways.

Indian Creek is bordered by the Pea Ridge Conservation Area. The 420,000 acres of The Mark Twain National Forest near it is an exciting chance for anyone who finds thrill in hunting and camping in forest areas. Here, one has the option of building a camp, cabin or permanent residence on the property. While Whispering Oaks Ranch is situated near to Montauk State Park and Mark Twain National Forest. This is a place for anyone who enjoys a country lifestyle.

One can choose to purchase from this land for sale in Missouri by taking the help of property dealers, who deal in the sale and purchase of property.

As for the climate, Missouri can be hot and humid in summers and completely the opposite in the winters. One might wonder about the connectivity of Missouri to the rest of the country. Missouri has two major airport hubs; one is Lambert-St. Louis International Airport and Kansas City International Airport being the other. America’s three busiest rail centers are located in Missouri: Kansas City Railway, Norfolk Southern Railway and Union Pacific Railway.

So, if one is planning to purchase a tract of land in Missouri, nothing can get better than this with the opportunity to experience the natural beauty of the country while living there. Interestingly, these tracts of land are available at very affordable prices and are mostly located at picturesque locations. One who loves to spend some time away from the busy city life, enjoying camping and hunting, purchasing a land in Missouri is the best investment.

Missouri is the most ideal place for you to buy a property or land. Those who wish to purchase their dream Missouri land for sale will want to invest money in a place as marvelous as this. Missouri soil is a combination of natural resources and beauty. If you want to know more about how to obtain land in this place, I suggest you keep reading.

Missouri is portion of the U.S. Midwest, including Illinois, Iowa, Arkansas, Kentucky and Nebraska. It is known as the eighteenth most populous state in the United States. There are several types of land in Missouri such as Barnes Hollow, Antler Ridge, and The Ranch of Mont Auk Park.

You can buy Missouri land for sale for various purposes such as hunting, camping and caravans. It is also considered as the perfect place for nature lovers who desire to spend their quality time in the bosom of Mother Nature. Located in the inner part of Missouri, Antler Ridge is a great place to invest money. In addition, the surrounding is beautifully designed with stunning natural landscapes and lush plants and large trees of oak and pine. Missouri is the place for you to make all your dreams about owning a house on the country side, come true.

If you really want to buy land in Missouri, but not sure of which one to purchase, you can make up your mind by doing a search on the Internet regarding properties available for sale in Missouri land using simple keywords Missouri land for sale.

The climate in Missouri goes from extremely hot and humid to extremely cold winters. This is due to the fact that Missouri is located in the inner circle of the United States where no large mountains or oceans nearby to balance the temperature. The state is teeming with lakes, ponds, and rivers that make it more adventurous place to visit and live.

Missouri is not only known for a large agricultural production, but also has a strong industry. And in addition, it is full of natural resources, and limestone. Missouri is a leading supplier of limestone. Missouri is economically supported by tourism.

By getting information regarding Missouri land for sale according to the rate, county, region and type of property, you can make the right decision. So go online and start gathering information about your dream home, property and land in Missouri and make it possible.

Buying real estate is an exciting moment. You are eager to see your new home and then start your new life in that house. As soon as you finish off the legal work, you are off to your new building wherever it may be. For many people, moving to a new house means starting anew life. They are pleased to see new neighborhoods, get new opportunities and get a new lease of life. But where will you buy your house? Analysts say there are there places in the USA that are best when it comes to owning a house. They say these are the ideal locations that everyone should be looking forward to when deciding on owning a house.

The experts applied several criteria to arrive at the top list. They used several parameters including prices of property, wages, schools and even crime levels.

We will start with Wyoming state. In this part, Natrona holds the key to better lands for sale. You can have excellent ranches with lots of woodland for sale. The ranches can serve the double purpose of being residential quarters for the owner and at the same time a place to rear his animals. You can use the place as hunting grounds. These places have a lot of elks, deers and antelopes that you would use as game. You also have a lot of water bodies which will provide irrigation for the farm and then be used to feed the animals as well. The Uinta is another county with lots of promise. Here you have large tracts of raw land that you can develop into many uses. Principally you can use them for ranches. The greenery provides excellent pasture for animals and the gentle slopes will improve drainage so that your farm or cottage will not flood during the rains. You will derive added vale from the purchase of these lands as they are quite scenic. You can make equestrian properties out of them. Albany also holds much promise for real estate investors too. The lands are flat and quite wooded, making tem suitable for development into hunting grounds. The land is also suitable for pasture, an incentive for high volume horse breeding and cattle rearing.

The next area that was rated high was the Kentucky state. In this place you will come across much of water resources that will be a boost for anyone building an intensive agricultural ranch. The land here particular suits ranch building. There are logs to be found for your log homes, lots of streams to provide water for the cattle and flat lands where you can take out the cattle for pasture. The land here is not much overgrazed so you can count on its fertility and available for cattle feeding for a long time. Of special interest to developers is the Magnolia area which has lots of hunting grounds. Wide tracts of flat land with lots of game. You can hunt for deer and turkey in this fine terrain. Timber also abounds in this area, making it easy for you to put up a log or cabin home.

For people interested in building ranches purposely for agricultural reasons, New Mexico will be your destination. The region has large tracts of land with superb ranch building opportunities. You have easy access to water bodies like streams, creeks and rivers which will make cattle or other livestock rearing very easy. You will notice that this state holds much of the nation’s key to successful ranch development. You can take advantage of the flat lands to build barns and stables for your horses. You will also like the massive pasture grounds that will allow you to take out your herds for grazing. In this area you should look out for good ranch development opportunities in the Carrica and Mesa de los Jumanos areas.

Recreational property has become attractive over the years. Whether for investment or residency purposes, you will find out that this aspect of real estate is gaining prominence on the investment horizon. According to statistics, the number two reason for land investment in the USA is recreation.

Now people do not have to travel to far way land such as Africa to pursue their hobbies. They can simply buy a piece of land in the rural area and do hunting, bird watching, surfing or even hiking. These outdoor activities can be conducted without any hindrances on recreational property and it has been one of the factors that has driven the cost of rural land up. Many people who would like to retire in peace and quiet and will also find these types of properties ideal.

People can buy recreational property as way to reduce residency costs. Apartments in the city cost so high and many middle income families would like to relocate to the rural areas where they can have a large area to themselves for rent or purchase at very low prices.

Many others would just want a quiet place to relax. They are tired of the bustle and hustle of city life and would want to get a remote place to live their lives.

Telecommuting has made it possible to live in the rural areas and still be able to work. Working through internet, a worker can relax in his recreational property home and still communicate with the main office or send reports about his work.

For people who cannot afford to buy country homes to which they retire during the holidays, recreational property with few buildings will be a good substitute. They can enjoy the quiet of the rural areas and pay less.

Advances in modern technology have made these once forbidden areas of the country come alive. You can now have all modern conveniences such as internet and cell phone services in most recreational property through satellite. Solar panels are now able to provide electric power to areas that were once not serviced by power grids. Wells and modern easy to use water purification chemicals make life comfortable for people living in areas without tap water. So essentially, recreational property has come to be viable investments for people.

The interest in recreational property has become so keen that, many people are converting ordinary rural land into hobby farms, ranches, hunting grounds and fishing cottages.

Various approaches have been adopted. As the value of recreational land become expensive, many people have sorted to buying land highly unsuitable for farming. These are properties that comes at low cost because its low agricultural value. The buyers look out for land with trees and other natural endowments and then convert it to a high value recreational plot for sale or personal use. This technique has worked well for many and seems to be catching on in rural Kentucky. These lands have been bought from their owners at very low prices because the sellers have thought that their agricultural usefulness was minimal.

A growing trend is the use of the land for both recreation and farming. The owners would enjoy their hunting, gaming, fishing or horse riding and at the same time cultivate plants that will protect the environment so that they qualify for payments under the Conservation Reserve Program. So this class of investors is looking for areas to invest their money and at the same time have fun in quiet.

There have been cases when bird watchers had purchased ranches to convert into hobby property. These investors have driven the sale of old ranches up.

In southern states like Texas, the demand for land for quail and err hunting has always been high. The terrain and geographical endowment make the area quite attractive for this type of sports and that has driven many buyers to that area.

Are you looking for a place where you can make your dream home? In this world, people dream of owning their own home but this requires hard work to get everything in one location. If you look at wilderness land for sale in Tennessee, then you will get the best deal for your new home. Still, if you do not find some nice locations, then take a pause and read this article.

These days’ people like to build their house away from the hustle and bustle of city life. In countries like the US, different places have differing land values. If you compare them, then you will see a huge variation in pricing over the past 20 years. But previously, many places within the country saw initial up and down movement which as a result caused wrong predictions of land value. This led people to losing their money in the real estate market. One of the states called Tennessee has really been growing steadily to the point where even today the land value is still balanced and good land is provided by the best real estate agency. So if you want to live in a place that is away from the bustling noise of metropolitan cities, then Tennessee is the best option for you to buy such a plot of land.

Tennessee is a state located in the Southeastern region in United States of America. The overall population of this state is 6,214,888. This is 17th-largest state by population and covers an area of 42,169 square miles. Tennessee is bordered by Kentucky and Virginia to the north, North Carolina to the east, Georgia, Alabama and Mississippi to the south and Arkansas and Missouri to the west. Tennessee has a temperate climate, with warm summers and mild winters. However, the state’s varied topography, leads to a wide range of climatic conditions.

Tennessee is known to be home to the most caves in the United States, with over 8,350 caves registered till now. Wilderness farms in Tennessee are inhabited by wild animals such as raccoon, possum, skunks, beavers and foxes, being the perfect place for hunters. But if you do not want to cope with such wild life, then buying a non forest land plot will be the best investment for you. You can use keywords like Tennessee land for sale and search them using the internet. Once you get the results, then you will be able to find the perfect location to build your home in such wonderful sites of Tennessee, mentioned in those websites offering such deals.

In Tennessee, the residents do not need to pay any kind of income tax to the state and the overall property tax rate is very low. However in Nashville, situated in Middle Tennessee, which is one of the fastest growing areas, there is still the flavor of a small town. Buyers, who are in search of plots in Tennessee, would be amazed to see the vast availability of waterfront property in the region of Chattanooga and Tellico Lake. You can also build a large farm house for your family and guests along with using some portion of the farm land for cattle grazing, agriculture, fishing and hunting.

It depends upon you, as to which kind of real estate property you want to buy? However, the state provides and offers diversified real estate properties that range from commercial plots to residential plots and mixed farm lands to plain ranches. All you need to do is to decide what type of land you want to buy in Tennessee. For example, if you want to build a huge building in Tennessee, then you should buy a plot for commercial purpose. This area should be well connected to various modes of transportation and communication. If you are interested in purchasing farm land for a family residence, then this would be a wise step.

So, if you are all set to buy good real estate, then this will require a lot of research on different properties for sale. In USA, most property dealing is finalized by real estate companies. Before getting into any deal, you have to compare prices of various real estates and their agent’s brokerage fees.

There are many investment opportunities available but lands appears to be one in which the owner or the investor reaps huge benefits. Land does not need so much to maintain and even if you do not do anything on it, it still remains the same. Again, it appreciates day in and day out. More and more people are looking for land on dally basis. In times of recession, when stocks had tumbled, land had kept its head. It had always remained a good source of invest. It had always remained protected. Sometimes stock had stated in price and value but land had kept climbing and always will.

As more and companies experience difficulties, payment of dividends and other investor benefits may not be forthcoming much. In this case land will be a great way to earn money when you can no longer count on the assurance fro companies about your returns. You will also get capital appreciation with the purchase. Land buying has been one strategy with which people are able to make their money grow with maximum security. In the rural area, a place can be be earmarked for a project by the government. This can be the area that you are going to see much gains over the years as more and people come to partake of the place. It is therefore a wise investment to make.

Land as an investment vehicle does not require so much in capital outlay. You would need to have a few hundred or tens of thousands of Dollars. You will not go through extensive legal or administrative procedures like with other types of investment. Most importantly, rural land is one ease acquisition. You will just need to verify ownership, make the purchase and just keep to your tax obligations. Of late many owners have tried to bring the cost of their property low by conserving the environment. By going green, they are able to benefit from government tax incentives. They can reduce their property taxes by up to 30 %. All they need to do is to allocate a certain part of the land for forestation. They will not develop this part and in return the government will give them tax incentives. This portion of the land could be some wooded area or a wetland. It could even be some water body.

If you are looking forward to buying land, you may want to consider some few factors. The location is very important. You may want to invest in an area where you can have collateral benefits. The area must be somewhere that people will have interest in visiting or buying land from in case you want to resell. Rural American is about interests. It is about what will make people happy there. You would want to look at Colorado, Wyoming, Kentucky, New Mexico and Alabama. These are areas that people can engage in fishing, hunting or wildlife watching. You may want to buy land which is serviced by water bodies. You would want to locate near a stream, river or creek. You need this attribute you and be able to water your crops, feed your cattle or just take the horses for grazing. You need a flat land with gentle slopes so that rain can drain easily. You also have to get a place with essential amenities like power and potable water. Most importantly, consider the resale value of the land. If you are reselling, will it be attractive to the buyer? If you are considering developing it, you may need to add things like log homes of cabin houses so that the buyer can be able o make use of it for residential purposes or a guest house.

Land is something that you may want to invest in. It promises a huge capital appreciation opportunity and will help you safeguard your investment. You can be able to use the land for personal purposes or resell at a later date for more profits.

Missouri is the perfect place to buy land. Those who want to buy their dream home land, and then Missouri is the correct place to invest money. Missouri land is an amalgamation of natural resources and beauty. To know more about Missouri’s land, read the article below.

Missouri is a part of the Midwestern United States, which is covered by Illinois, Kentucky, Arkansas, Iowa and Nebraska. It stands as the eighteenth most populated state in the United States. There are different types of land available for sale in Missouri like Antler Ridge, Barnes Hollow and The Ranches of Mont auk Park.

One can buy Missouri Land for various purposes like hunting, camping and residential purposes. It is also considered as an ideal place for nature lovers who can spend their quality time in the lap of Mother Nature. Antler Ridge, situated in the inner part of Missouri is an ideal place where one can invest money in buying a land. Besides, the surrounding area is very beautifully developed with natural and dazzling scenery like lush foliage and large Oak & Pine trees. Missouri is the place for you to fulfill all your dreams whether it is about owning a house on a river side or visiting a place which is an amalgamation of beauty, wildlife and natural resources.

If you really want to enjoy the beautiful rivers, valleys, wildlife in Missouri or you are planning of buying a land there but still stuck up with confusions then you can enhance your knowledge by searching through internet, about the various land pieces available for sale in Missouri by putting in simple keywords Missouri land for sale.

The climate in Missouri is extremely hot and humid with extreme cold winters because Missouri is located in the inner circles of United States and there are no large mountains or oceans close to balance the temperature there.

Missouri’s geographical location and demographic diversity make it a worthy place to study about the economy and the real estate market. Prices for land for sale in Missouri can reveal a lot about economic climate and real estate prices.

The land is filled with lakes, ponds, river sides which make it an adventurous place to visit and live. Therefore, if you are still waiting to buy a land of your choice for a long term purpose then here will your dream come true.

Missouri is just not famous for a huge agricultural output, but also has a strong manufacturing industry. And, in addition to this, it is full of natural resources and limestone. Missouri is the leading producer of lime. Tourism acts as a financial supporter to Missouri.

Get the information on land for sale in Missouri according to rate, county, acreage and property type. The kind of properties consists of large tracts of lands, farms and ranches which can be utilized for hunting, fishing, enjoyment, recreation, hiking, rafting, residential and so on.

The condominium market in Asia is going through an extremely profitable phase. In the one hand, some property brokers go through hiccups in selling new condominium projects.

On the other hand, developers are not willing to break the development of new condominiums in Asia, at least for the next 1-2 years. The government allows foreigners the right to use land only, nothing more. In fact, their interest in the Asian property, particularly condominiums, is very strong, not to think about the prices that are fairly less than other countries.

Strong consumer purchasing power for condominiums has lead to surge in the national property loans. During the first semester of 2007 bank loans for the property sector progressed by 26.96%. Bank Indonesia reported that in June 2007 loans directed to the sector arrived at Rp130.9 trillion, compared to Rp103.1 trillion in June 2006.

The property loans as of June 2007 are split up into construction loans of Rp31 trillion, real estate loans of Rp17.4 trillion, as well as house and apartment ownership loans of Rp82.5 trillion. This has lead to the consumption loans during the first semester of 2007 rising by 18.4% to Rp249.4 trillion, compared to the first semester of 2006 of Rp208 trillion.

A reason behind the moderate response in the condominium market net take-up in Asia can be attributed to several factors, including the battle between condominiums and lavish houses in high-class locations with more competitive prices and privacy. On the other side, reduction in house ownership loan rates have urged customers to invest in landed houses, expecting large fixed capital gains.

Consumer purchasing power for condominiums is still strong. The trend of apartment ownership loan-directing in the first quarter of 2007 gives the signal that consumer purchasing power is solid. However, in general several factors such as supply and demand, huge fresh supply from delayed projects in 2006 have resulted in the condominium market reaching the alarming territory.

By 2007 end, fresh condominium supply is expected to reach 4,000 units, not to think about the alive and unsold 3,155 condominium units in the first and second quarters of 2007. Considering lower estimated sales rates of 20% in the third and fourth quarters of 2007, it is predicted that unsold supply of condominiums that are alive will increase rapidly in 2008 and 2009

This year’s drop of bank interest rates means 2007 is the year to buy property. Flooded supply in the market will result in the decrease in prices of new condominium. The trend of tenants moving from old-style condominiums to the new ones is expected to meet the wish of buyers who buy to lease. However, buyers aiming to lease condominiums should look at the trend of expatriates’ shrinking interest in renting condominiums.

Taking into account the alarming level, the condominium developers should rethink about their projects. Understanding market’s needs, including the supply and demand calculation for certain locations should be performed for the developers to sustain themselves in coming years. Too much attention in the momentum and constant development of new condominium projects without far sighted thinking will lead to the condominium market getting overheated.

Construction loans in the property sector reached Rp31 trillion in June 2007. Unnecessary fight in the property market will inevitably result in flourishing non-performing loans. The market data points to the fact that middle and upper-middle segments of condominiums are favored. It is important to understand that locations outside the central business districts or other high-class premises, where land prices are comparatively low, are prospects for the low-end condominium market. If you take care of state of the market and other related requirements you should be able to invest successfully in Asia.