When house property is purchased by the buyer, he finds many benefits in its purchase. Only when the buyers finds adequate benefits in the house property, he will goes on for further continuation of the house transaction. Generally house property comes up with more number of advantages and benefits to make the buyer profitable. Nowadays house property finds a good demand for the houses and periodically more number of houses is listed for sale to satisfy the demands of the buyers. House property market always finds fluctuation every now and then. Though this fluctuation occurs regularly home market goes for good price consideration. There are many points to be listed for the benefits of the buyers.

Price consideration

Nowadays, most of the people realize the value of the house property and tend to purchase the house property for a reasonable price consideration. Since house property always finds fluctuation, good price consideration is realized for the house property. More number of houses is listed in the house market to satisfy the needs and requirements of the buyers. Though the demand for the house property is increasing in large number, there is an equal supply of houses. Price consideration is also said to be the main benefits for the purchase of the house property. Nowadays, real estate market finds good price consideration in the future.

Assets

House property is said to be the one of the important and essential asset which every one necessarily needed. Generally house property always finds more appreciation in the day-to-day changing market every body seeks to purchase a house property from the market. Today a house is purchased for a good prices, it can be sold for good price in future. With the help of the house property, the owner can obtain mortgage from lenders, bankers or brokers. Since house property is sold for a good price consideration, more number of buyers tends to buy the house property for a fair price. House property serves the buyer another benefit in the form of assets.

Leasing

Leasing is also said to be the other benefits obtained from the purchase of house property. Lease purchase helps the buyer to buy and sell the house property for a reasonable price consideration. In leasing the house property purchased, the buyer can allow the house for renting by setting a predetermined amount in the form of contract. This helps to increase his income. Thus house property provides benefits to the buyer in the form leasing. Lease agreements vary from contract to contract and the buyer seeks good renting amount as house value increases.

Generally all house property listed in the market for sale always finds a reasonable price consideration. Periodically more number of houses are bought and sold for a reasonable price. Since the buyer finds more number of benefits from the property, he is purchasing the house property from the market. Without benefits no buyers will buy houses from the market. Nowadays real estate market finds a good demand, because of the benefits provided from the house property. Since fluctuation occurs frequently in the house market, more benefits will be provided in future.

Eurozone slows, but Asia-Pacific house prices surge

The global house price boom continues in 2007, albeit at a much slower pace and with different set of countries, according to the online research house, the Global Property Guide (http://www.globalpropertyguide.com).

A dramatic slowdown has taken place in several countries in Europe. House prices in Estonia, 2005 and 2006’s star performer, rose only 5.68% y-o-y to Q1 2007, dramatically lower than the 77.52% y-o-y increase to Q1 2006.

Higher interest rates and an overheating market were the main causes of the slowdown. The key interest rate of the European Central Bank (ECB) has been raised nine times to 4% in June 2007, from its historic low of 2% in Nov 2006.

Other European countries that experienced lower house price changes y-o-y to Q1 2007 than in 2006 included France, Sweden, Ireland, Spain, Greece, the Netherlands, Switzerland and Portugal.

Ireland’s annual house price growth slowed to 7.44% y-o-y to Q1 2007, a deceleration from 12.07% y-o-y to Q1 2006. Apart from the higher interest rate, the heating issue on Stamp Duty also contributed to the decline.

The US house price rise also slowed to 4.07% y-o-y to Q1 2007, down from 12.78% y-o-y to Q1 2006.

The US Federal Funds rate has risen sharply from its low of 1% in May 2004 to its current

level of 5.25%. The Fed has kept the rate unchanged since June 2006. This rate increase has meant trouble for sub-prime borrowers, leading to delayed payments and foreclosures.

Strong rises in non-Eurozone Europe

Interestingly, European countries which have not adopted the Euro have experienced stronger house price rises y-o-y to Q1 2007, than countries within the zone. Such is the case of Latvia which plans to adopt the Euro in 2010. Latvia took the lead in house price increases y-o-y to Q1 2007.

Latvia’s capital, Riga, experienced a remarkable appreciation of 61.91% y-o-y to Q1 2007, higher than the 35.64% y-o-y increase to Q1 2006. However, recent data from Latio, Latvia’s leading research-oriented real estate agency, show that prices have started to fall in Q2 2007.

Lithuania’s house prices rose by 26.32% y-o-y to Q1 2007, up from 25% y-o-y to Q1 2006. Lithuania has recently increased its long-term interest rate to 4.6% in June 2007, from 4.2% in March 2007. The European Commission rejected Lithuania’s bid to adopt the euro in 2007 because its inflation breached the required limit.

House prices in Norway were up by 16.69% y-o-y to Q1 2007. Norway rejected EU membership in a referendum in 1972, and again in 1994. Positive factors such as continued economic expansion and the strength of the labour market overpowered the pull exerted by higher interest rates.

After taking a breather in 2005 and early 2006, house price growth in the UK accelerated to 9.25% y-o-y to Q1 2007, up from 5.3% y-o-y to Q1 2006. Particularly, Northern Ireland and London saw double-digit y-o-y house price increases in Q1 2007, at 57.6% and 14.3%, respectively.

Cyprus, which is set to adopt the Euro starting January 2008, is in a middle of a housing boom with house prices rising by almost 10% y-o-y to Q1 2007. Liberalization of the financial sector, a decrease in interest rates, and increased demand for higher quality housing and second homes were the main drivers for the price boom.

Now it’s Asia–Pacific’s turn

The house price boom is now moving towards the Asia-Pacific region. Property prices in countries affected by the Asian Crisis are showing strong signs of recovery, prompting fears that a property bubble is developing anew in the region.

Property prices in the Philippines, Singapore and South Korea rose by more than 10% y-o-y to Q1 2007, higher than in 2006. Although Japan registered a nationwide land price drop of 1.48%, land prices in its six major cities increased by a remarkable 7.75% y-o-y to Q1 2007, suggesting a real recovery from the 15-year house price downturn. There are no official house price statistics in Japan, so land prices are used as a proxy.

Australia has recovered from its 2004-2006 slowdown. Despite higher interest rates, house prices rose by almost 8% y-o-y to Q1 2007, from 4% y-o-y to Q1 2006.

New Zealand’s house prices rose by 11.36% y-o-y to Q1 2007, significantly up from 9.55% y-o-y to Q4 2006. This is despite the fact that the Reserve Bank of New Zealand (RBNZ) has increased interest rates since early 2004 to cool down the housing market.

Elsewhere, South Africa saw 16.74% house price increases y-o-y to Q1 2007. South Africa’s house prices have been escalating for seven continuous years, with price increases peaking at 30% in 2004.

Canada’s house prices moved forward in Q1 2007, thanks to strong economic growth, low mortgage rates and large net immigration. House prices rose 9.30% y-o-y to Q1 2007, up from 7.55% y-o-y to Q1 2006.

The laggards

Thailand and Israel, after suffering from political crises, have not yet recouped the confidence of investors. This resulted in a drop of 5.09% y-o-y to Q1 2007 in Thailand’s house prices, down from an 8.03% y-o-y increase to Q1 2006. Israel’s house prices fell by 10.52% y-o-y to Q1 2007, due to increased political and security concerns in the Middle East.

Portugal’s sluggish economic expansion exacerbated the effect of higher Euro interest rates. House prices have risen by a meager 1.14% y-o-y to Q1 2007, after an already low growth rate of 2.17% y-o-y to Q1 2006.

Full Report:

http://www.globalpropertyguide.com/articleread.php?article_id=94&cid=

Economics Team:

Prince Christian Cruz, Senior Economist

Phone: (+632) 750 0560

Email: prince@globalpropertyguide.com

Publisher and Strategist:

Matthew Montagu-Pollock

Phone: (+632) 867 4220

Cell: (+63) 917 321 7073

Email: editor@globalpropertyguide.com

Address:

Global Property Guide

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Insulated dog houses keep pets warm during cold weather. But insulation is not the only factor that affects a dog’s warmth. Choosing a house of the right size for your dog is also important. Before you purchase a new dog house, measure your dog. Use the measurements to select a house that will keep your pet comfortable. Even if you aren’t shopping for insulated dog houses, you should still measure. Your dog’s size is an important factor, no matter what type of dog house you want.

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Add a few inches to the dog’s body measurements. The inside of the house should be large enough that your dog can stand up, turn around, lie down, and stretch out. If the house is too small, your dog will feel cramped and uncomfortable. However, you do not want to purchase the biggest house you can find. Although you might think a doggie mansion expresses your fondness, pets will be more comfortable in insulated dog houses that are the right size for them.

Especially during colder weather, your dog may not be comfortable if the house is too big. Dogs can warm up small spaces with their body heat. When you select a house that is slightly larger than your dog’s measurements, the dog can heat up the space more quickly and stay warm through a cool night. But if you purchase a house that is too large for your pet, she won’t be able to keep warm. Insulated dog houses of the right size should help to conserve your dog’s body heat even more efficiently.

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Measure your dog. Compare the measurements with the specifications of the dog houses you consider. You want to choose one slightly larger than the dog’s measurements. Rule out those that are too small or too large. Consider insulated dog houses for extra help in regulating the temperature. Check the height and width of the door so that your dog can come and go easily from the house. Your dog is much more likely to enjoy and actually use the house if you select one that is the perfect size for him.