Real estate is a legal term (in some jurisdictions, notably in the USA) that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property (also sometimes called chattel or personalty). However, in some situations the term “real estate” refers to the land and fixtures together, as distinguished from “real property,” referring to ownership rights of the land itself.
The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.
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A shopping centre on a Worcestershire estate is set to benefit from a multi-million pound revamp.
Council leaders said Church Hill in Redditch needed the new shops and other services to help prevent anti-social behaviour there.
The area, which has 10,000 residents, was chosen above three others in the town to have the revamp.
The plans will include having a high street on both sides of the street to encourage more businesses to the area.
New car parks will also be built.
Source: news.bbc.co.uk
In the East Memphis neighborhood of High Point Terrace, a dented plastic water bottle and faded Dr. Pepper can rest between a set of rotting rail ties and contorted, overgrown brushwood. At first glance, the rail tracks stretching behind High Point residential backyards appears to be part of property that has been long forgotten. But this is not just another abandoned lot. It’s a piece of an out-of-service railway owned by CSX Transportation, a company that has placed a $17 million price tag on the 13-mile discontinued rail corridor stretching from Midtown Memphis to Cordova. And it’s all part of a brewing dispute involving a number of local entities, including a private equity firm representing a consortium of civic organizations; city, county, and state government; and one of the largest railroad companies in the Eastern United States.
Park and trail advocates envision a greenway in place of the blighted and ignored corridor: a much-needed green space for Memphis, complete with a jogging trail that would connect Midtown to the massive Shelby Farms park. But their price is much different than the one that CSX -is asking. Is $17 million an accurate value for the land? CSX maintains that it is. The price is “based on the value to us,” says Meg Sacks, spokesman for the Jacksonville, Florida-based publicly traded corporation.
Read more: mbqmemphis.com
Each city has blocks that everyone knows; and not by their street address but by nicknames like “billionaire’s row” or by the number of film and Wall Street stars that live there.
They often are the most expensive block in their respective city.
Usually the block orients around the city’s defining feature. In New York, it’s on Central Park; in San Francisco it has views of the bay; in Seattle it sits on Lake Washington; and in Miami it’s on the water.
In Pictures: The Most Expensive Blocks In The U.S.
For the first time ever Forbes.com has generated a list of the most expensive blocks in 10 cities across the country. To do so, we created an index with California-based data provider Reply! of the 100 most expensive properties in each city, mapped them geographically and then measured home values and the concentration of high-priced home values in each particular cluster.
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Subprime woes spread to pricey real estate.
NEW YORK – The subprime mortgage crisis is spreading to a somewhat unexpected place: homes costing more than $500,000.
As lending has rapidly gotten more restrictive for borrowers taking out large loans, sales of expensive homes have fallen sharply around the country during what should be one of the busiest seasons for buyers and sellers, mortgage bankers and real estate agents say.
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Manhattan is Manhattan. It is an upscale town in New York and home to the hundreds of thousands of wealthy Yankees.
No wonder the cost of living in the said state is increasing by the minute. Even condominiums and co-ops’ prices are continuously sky-rocketing with a recorded increase of about 6.4% in 12 months, around $799,000 – $850,000, close to a million that might get you a little house (and an additional barn too if you wish!) if you settle for a much lower-cost state such as Arkansas. Based on the pattern, prices of condos and co-ops are expected to rise even more until the end of the fourth quarter.
Photo taken from http://www.poster.net
co-op, condo, manhattan
Global Property Guide, a real estate research firm, recently issued a report ranking the most expensive flats in Europe. Currently, property value is on the rise throughout much of Europe, and real estate in locations such as the Baltic region are seeing an increase in value. Rental yields (profit yields) in several European cities are above 10%. The extremely small and distinguished principality of Monaco currently wears the crown for most expensive real estate in the Europe.
Monaco has an average price of 24,900 per sq meter, making the principality the most expensive real estate in Europe, but profit yields are low at 2.4%. A 35 sq. meter apartment of this expensive real estate yields an average return of 2.12%, while a 195 sq. meter apartment yields an average return of 2.64%.
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The bar for luxury residential real estate in Hong Kong, already one of the most expensive areas in the world, has been raised.
The Peak, at 1,811 feet above sea level, is the highest point on Hong Kong Island and has symbolized prominence and wealth since the 19th century. Formally known as Victoria Peak, it towers above the heart of the city and has spectacular, 360-degree views of all of the surrounding islands. To live there signifies a status level for which captains of industry from around the world are willing to pay top dollar.
Last month, The Peak exceeded its own lavish reputation, with local headlines claiming it is the site of the most expensive residential piece of land in the world. The government land auction of 12 Mount Kellett Road fetched $231 million from Sun Hung Kai Properties — 134 percent of the opening bid and a projected $5,417 per square foot.
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Hunter-gatherers also followed a tribal system, but scarcity and the uncertainty of the life meant that a tribe could only support two or three extended families. The amorous farmers, however, soon found that they could not name everyone in their tribe anymore. In return for the sacrifice of familiarity, people living in these small societies gained the safety of numbers. A well-fed army easily repelled any desperate raiders. In return for this security, the people all paid homage to the lord or king who claimed ownership of the land – which, in essence was the first system of rent. As these farming villages grew into cities, the leading families maintained ownership by right of lineage – their ancestors had clubbed all other challengers senseless – thus becoming the kings, pharaohs, daimyos and the heads of other feudal dynasties.
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You may think, why not sell or look for a house on your own and disregard the idea of hiring a realtor service? I say, think again. It is true that you save 6% from your budget if you are not hiring a realtor but is it worth all the effort? Looking for a possible buyer or for a new house is as difficult as looking for money. You have to constantly show potential buyers around and you can’t say no once they call you up and request for a tour. Once they ask you to “show them around” the house, you just can’t say no. Now, that could take a lot of effort and money from you compared to hiring a realtor.
real estate agent, realtor, selling house