NAI Harcourts Enters Commercial Property Market
In the most significant development in the Australasian commercial property market in many years NAI Harcourts officially entered the New Zealand market this week, with its introduction to Australia set to follow soon.
Posts Tagged ‘market’
NAI Harcourts Enters Commercial Property Market
July 18th, 2010M25 Commercial Property Lettings Market Goes Against Norm
June 27th, 2010Despite the continuous decline in the UK economic climate the M25 office market enjoyed an increase in commercial property lettings for the last quarter of 2008, according to Knight Frank’s latest report. Commercial properties lettings increased by 10% in the third quarter for the M25 region and 9% in the M3 corridor. However, the M4 market experienced a decline in their final quarter, and was 13% down from their previous quarter’s figures.The credit crunch has effectively turned the commercial property lettings business into a buyer led market, therefore this upturn is a welcome surprise for commercial property owners in the M25 region. Availability and supply of commercial property offices within these areas has decreased over the last six years therefore landlords are not experiencing the same pressures as other commercial property owners who are operating in these increasingly buyer led markets. There are still areas within the M25 region where oversupply is prominent however, and towns such as Bracknell where availability of retail commercial property is high are likely to experience the same downturns and economic pressures as the rest of the UKLandlords throughout the UK are having to provide increasing incentives, inducements and discounted rental rates in order to survive the current downturn in commercial property sales. Things are unlikely to improve over the next year and a half and the economic situation is likely to put further pressure on landlords and commercial property owners with tenants likely to see further offers available to them over this time period. Overall throughout the UK the office take-up market has declined with areas such as Bristol seeing new commercial property lettings figures fall to below their five year average. The London areas worst affected by the office lettings downturn are those where businesses operating within the financial services and hedge fund industries are especially prominent. The high profitability of these two sectors over recent years meant that lettings were more location than rent led, with businesses happy to pay over the odds for the right location. However, the increasing pressures that these industry areas are now experiencing means that many offices in prominent financial areas throughout London are being left either vacant or commercial property landlords have provided decreased rent rates and further incentives in order to keep their buildings occupancy rates up.
10 Money Making Tips – Everything You Needed to Know to Make Money in Todays Market
June 4th, 2010Here are my weekly money savings tips:
1. Maintain a good credit score! It will save you thousands of dollars in the short and long term when you need to borrow money to buy a car or a home. Creditors will give you an interest rate and the loan amount based on your income and credit score.
2. Large sums of money should NEVER be left in a checking account or even a low-interest bank savings account. Rather, put the money into a high interest savings account (like an ING savings), money market fund, or other forms of short term high interest investments with a fixed return.
3. If you have an employer matching 401K plan, maximize your contributions, so that you double your money!
4. Set aside 10% of your paycheck towards some form of long term savings account, like a money market account, mutual fund, retirement plan, or 401K. As you pay amount increases, your contribution will also increase automatically. 10% will also ensure that you stay ahead of inflation.
5. One of the best investments you can make is to first pay off all your high credit card debts. Credit cards typically carry a high interest rate and by paying off these debts, you get one of the best returns available which also is tax-free.
6. If you are losing sleep over an investment, whether its a stock, mutual fund, or retirement plan, its not worth it! Your lack of sleep is probably a good indication that it may be too risky, too good to be true, or just not the right invesment for you.
7. If an investment is projecting returns that are just too good to be true, they probably are. Unless you are intimately involved in the investment or are an insider, an investment that sounds too good to be true is probably too ambitious, too risky or just a scam.
8. Before you invest in something, always do your own research. Consulting with others and getting a second opinion is good, but you need to investigate for yourself. The internet is typically the best source for lots of information but make sure you read enough or get relevant data.
9. Always negotiate for commissions or fees paid for financial or real estate advice. Don’t be misled by standard commissions and “non-negotiable fees”. It is your money and the experts work for you.
10. Can’t get out of debt? If you are having problems meeting your debt payments each month and feel like you are digging a deeper hole, go talk to your creditors and banks to find a solution to get out of the mess. Beware of debt consolidators as they could charge higher interests in the long term and get you even deeper into debt.
If you like any of these tips, have questions on some, or have some feedback, I would like to hear from you. Visit this article by clicking on http://www.financialresource.org/blog/10-money-saving-tips/ and Post your comments. Look for more money saving tips each week!
Happy Springtime and be Money Smart!
Auckland retail, commercial property market steady
March 8th, 2010Auckland retail, commercial property market steady
March 8 (BusinessWire) – The Auckland retail and commercial property market seems set for a quiet 2010 with both vendors and purchasers adopting a cautionary stance, according to Darroch Research.
