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Abu Dhabi office rent rates has doubled during the last few months. Abu Dhabi, New Delhi and Sofia have seen the most steady rise in office rents in the world.

Researchers reported that London and Tokyo still has the most expensive office locations in the world. The West End, located in London averages around $241/Sq.Ft. for exclusive office locations.

New Delhi made it to the top ten as well, toppling Mumbai due to sustained boom in information technology operations and BPO operations. Despite these developments, the fastest growing office rent are reportedly won by Abu Dhabi, with rents doubling during the same period in both New Delhi and Sofia.

Sofia in Bulgaria ranked third, with an astonishing 63 percent increase in rent prices.

The survey was done by international human resources consultancy ECA among real estate agents, overseas foreign workers and relocation companies, taking into account three bedroom unfurnished apartments as a base, which were commonly rented by expatriates.

Housing rental rates in Dubai and Doha also doubled the past few years, with an increase 100 and 130 percent, respectively.

By looking at the property and observing that the road is not wide enough to let you vehicle pass, do not push through with the purchase. Verify the title first and see whether or not it is bounded by a road or a street. The surveyor can point alert you on this. Majority of foreigners who settle here in the Philippines with their Filipina wives tend to purchase countryside properties or those near the coasts and shorelines, and or where agricultural lands can be found. However, most agricultural lands, when converted and subdivided into smaller plots of lands does not provide for a road in the subdivision blueprint. Therefore,
be sure that have access to your land, otherwise, you might be forced to buy a right of way. They are often priced quite high and such is the matter that needs to be resolved in the court to ascertain a reasonable price, much to your chagrin and an unnecessary amount of money and time lost.

One of the most common problems of property litigation in the Philippines often involves those with special power of attorneys. It is a legal instrument that authorizes a party to deal with the property of another, for the purpose of selling the property to prospective buyers. You could say its another form of brokering but usually done by your relatives or your kin.

Oftentimes, devious individuals get a special power of attorney covertly from the ignorant owner who is duped into believing that the said document being signed is something else. Unbelievably, majority of the land owners in the Philippines are illiterate and cannot understand English documents.

So should you deal with someone whose property is being sold through an SPA, verify the SPA first by questioning the notary public who executed said document, and meet the property owner himself. That way, any clarifications will be answered accordingly.

Before buying properties in the Philippines, make sure that the property is registered in the names of the actual sellers. Majority of the properties in the Philippines are titled under the grandparents or even great grandparents of the owners. Thus, there is a need to execute an out of court agreement which usually comes with a “grace period” of two years within which an heir not included in the agreement can question the agreement and the intended sale. This type of litigation is quite common in the country and is the usual root of problems. Ergo, it is best that you stay away from purchasing properties not titled under the actual seller so you can veer away from future problems.

www.panama-real-state.com

There is recently a huge demand for Panama Hotel rooms due to many business travelers entering the country, increased tourism, and booming economy. In Panama, the current hotel occupancy is always more than 90%. There is also a construction boom, constant foreign capital infusion pouring into Panama, and more than $5 billion dollar expansion of Panama Canal and other mega projects.
It is now the best time to invest in Panama. Just recently, Caterpillar, which is a company that has announced the movement of its regional office to Panama, stated that they will need an estimated 12,000 rooms per year!

www.adamoproperties.com

Wall Street Journal, International Living, The Washington Post, The New York Times and ABC Nightline have reported that Panama real estate is sizzling right now. There is construction everywhere, and aside from Dubai, its skyline is also filled with cranes. And if you want book a hotel room, you probably will not be able to get one.
Ruben Blades, the minister of tourism, has recently said that the 17,000 Panama hotel rooms will not be enough to catch up with the growing tourism in this country. There is still a deficit of more than 20,000 hotel rooms. Although there are a few hotels that will be developed in the area, the supply is still lower than the demand.

Here are some tips a buyer should know before purchasing a property in the Philippines.

1. The “Transfer Certificate of Title” should be authentic. You can check if the title to the property is authentic is by getting “Certified True Copy” of the title of the property from the Local Registry of Deeds. The office can be found at the city or municipal hall where the property is situated. You can ask the seller of the property to furnish you a photocopy of the title so you can verify the title number and the name of the owner from the Register of Deeds.

2. Make sure that the property is not mortgaged or used as a collateral by the seller. Check the back part of the title with the heading “Encumbrances” and if the property is clean, that page must be empty.

3. Hire a private land surveyor or a geodetic engineer so they can verify that the land described on the title is really the land that you intend to buy. You must confirm that the property you are about to buy matches the description found on the Transfer Certificate of Title.

4. Make sure that the sellers you are dealing with are the real owners, not the caretakers. It is a good idea to talk to the neighbors to verify the identity of the sellers and while you are at it, you may ask some history of the property as well.

5. Ask for a photocopy of the Tax Declaration and Tax Receipts from the seller to confirm that he/she is paying real estate taxes.

Real Estate dealings in the Philippines are a cause for worry due to the many ingrained problems in the business culture. Here is a tip for a trouble Real Estate transaction.

If you want to buy a property in the Philippines, make sure its a titled property. Many properties in the Philippines are not titled, or they are registered under the Torrens system. Buying an untitled real estate (usually verified by a Tax Declaration), you cannot maximize the full advantages of the Torrens system thus forces you to investigate for yourself the “change of hands of the property concerned” , from the current owner up to the first owner, usually goes way, way back to the early period of the 20th century. Now, if you buy a title secured property, you can trust the fact that the proprietor is that one who is stated in the title.

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