How Commercial Real estate works in different parts of the world?

Commercial Real Estate

What is Commercial Real Estate Is?

Commercial properties or real estate commercial is a term used for commercial properties it includes lands, shops, shopping malls, apartments and plazas for commercial use and avoid for resident activities. Commercial properties specifically use for business activities in the given properties. Commercial properties are specifically for business purposes and people usually like to purchase commercial properties to secure their saving and make profit from their investments. Commercial properties, work and gives benefits when residential area use for livings. Residential developments bring commercial activities in specific areas and without residential activities there are valid low chance of commercial real estate success. Commercial real estate is the best realty for high profits. There are two kinds of commercial real estate markets where people usually invest.

Small Commercial Real Estate

Small commercial real estate is a term used for small commercial projects where people construct or develop commercial shops or plazas for specific residential areas. The price value of a small commercial real estate is low and profit margin is also low. It requires low profit and small paperwork.

Largest Commercial Real Estate

The large commercial real estate includes the commercial real estate in the big ground or big markets. In the United states, United Kingdom, Australia, Canada and Dubai the term "High Street" is used for commercial areas and markets. Commercial real estate in high streets is a group of different business activities and Such activities includes restaurants, shopping malls, apartments, hotels, medical stores, retail shops, coffee shops, electronic products, cafes, and sports products.High streets, chowke, markets and shopping centers consider an expensive commercial real estate. Commercial real estate in such areas has high capital value, rents and profit margin because it attracts pubic every day and every hour of the day. Such commercial real estate requires high capital and saving to purchase such properties.

The Value of Commercial Real Estate Market

Commercial real estate Market collectively has a big market in every part of the world. Deloitte 2019 "Commercial Real Estate Industry Outlook" link below describe the value of commercial real estate market in 2019.Commercial real estate market is different in different part of the world. Every big city like NewYork, Taxes, Tronto, Sydney, Singapur, Begging, Tokyo, Karachi, London, Pairs, Berlin, Dubai, Mumbai and Hong Kong have big commercial real estate market.The value of the commercial real estate market in such cities is in trillion of dollars and billion of dollars required to invest in such real estate markets. Big Market or space always demands a big requirement to get in. Big commercial real estate markets works in under a system. We need to follow a system in the commercial real estate market.

How to get into commercial real estate

Real Estate business is a dry fruit for every individual and investor. Real estate market always progresses whether there is a recession and condition is normal in economic markets. People who have commercial or residential properties consider a lucky person and known as landlord in human societies.Everyone wants to be a landlord specially people in 3rd world would love to buy commercial real estate and residential real estate. Most of individuals move United States, Canada, United Kingdom and Australia for earning and they send most shares of their income to the homelands for purchase properties. Now for those who are going to invest or get into commercial real estate. They have questions in their minds "How to get into Commercial Real Estate".

First, They need capital or saving and big heart for investment in the real estate business. Big heart because new investor usually unable the dynamics of real estate investment. Commercial real estate investment is different to residential real estate investment.

Secondly,"Commercial real estate research" is required for new beginner in the commercial real estate market. Commercial real estate research is important to understand the system of reality. In modern days, Commercial real estate research is a simple process to understand and find out the answers of the question regarding commercial real estate markets and investment opportunities. An individual can use the services of the internet. there are million of websites, videos, expert advices and blogs are available for guidance. There are few blogs "DUNSTABLE PROPERTY BLOG","Shez Global realty","Farm properties" are helpful blog to help you get into commercial real estate.

Thirdly, Social media tools are helpful to understand the system of the commercial real estate market. Everyone use internet and social media networks and it is the best source of information.

Fourth and final step to "How to get into the commercial real estate market" is interaction with realtors. Realtor is the term use for real estate professionals. They also known as real estate agents, brokers, advisors and consultants. In modern world real estate professionals are highly professional and keep complete knowledge of all kind of real estate properties work. Some real estate brokers are only work in commercial real estate fields so for new beginners and investors they are useful for supports.

Difference between developing and developed commercial real estate

There are two kinds of commercial properties consider in the real estate and known as developing and developed real estate.

Developing Commercial Real Estate

Developing commercial real estate means a commercial area includes land, shops, malls and apartments in the form of non develop areas. Developing commercial real estate or search real estate listings advertise for future developments. Developing real estate takes time to be developed.Usually such commercial real estate projects takes 3 to 5 fives years for completion. Developing commercial real estate capital wise low in price and takes long time to get profit. Many companies and project design with low price and most of design down payment and give installment plans of 3 for five years. This kind of commercial real estate is a slow process. However, It gives the person honor of the landlord.  

Developed Commercial Real Estate

A developed commercial real estate completely constructed and developed and ready to move for owners. A commercial property ready to move and ready for rent for owners consider a developed commercial real estate. Developed real estate in expensive in term of capital and ready to give profit in the share of sales and purchase of property or in the shape of rents. The Value of such properties increase day by day. Moreover, It is a expensive in purchase. Developed real estate attracts tenants and business. 

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How To Create Value in the Real Estate Work As a Professional?

A real estate industry belongs to deal in sale and purchase of lands, homes, farms, shops, apartments, flats and related things. In modern world, it is fruitful business to expand income and made asserts. People in different parts of the world involve in this business. The professional in the real estate business known as brokers, agents and realtors. Realty is the short form of real estate or people who belong with this business known as realtors. Real estate business practice in different parts of the world with local and traditional styles of dealing.However, Paperwork and legal matters done on legal papers and people deal whenever both parties agree on one point. In globalization the dynamics of real estate business change because free world force people to be a professional and investors around the world where ever they want to work and invest money. Information and technology guide people to invest on an international level in realty sectors.Countries like the United Arab Emirates, United Kingdom, The United Estates, Canada, American Islands, Qatar, Some East Asian countries and some South Amercian countries like Brazil and Chile, Turkey, Euope, Malaysia, India, Pakistan and China invited real estate investors to investment their own countries. Now these countries real estate market values is in billion dollars.The main investors in real estate industries a are all countries and particularly people from china, India, Pakistan, Bangladesh, Russia and east Asian countries would like to invest in India, Pakistan, Turkey, Europe, Canada and UK. The Impact of real estate business worldwide encourage professionals to gain professional knowledge, training and academic education to work in real estate industry to creates value in real estate work. The ingredients of real estate work values are dealing, marketing and communications, Legal and paperworks, law and ethics.

The Basic Knowledge or formal education about real estate works is the first step to create values

 In the real estate or modern real estate professionals are coming as a diploma holders and degree holders in real estate subjects. Because multinational organizations are offering jobs. However, They are asking requirements with the basic and professional knowledge. Companies in many countries want professional education and skills of computer, internet and customer service experience.
Professional education is important to work in United Kingdom, United Estates, Canada and United Arab Emirates and Dubai. Because these countries are the hub of business and companies spends billions of $ dollars on mega real estate projects. However, In Real Estate Companies there are no training programs for professionals. As there is no such culture on workplace to meet current job challenges for professionals. If we talk third world or developing countries people start working in real estate without formal education. However, They look more confident on workplace because they do deal in real world. That's why professional works in the industry better than people who have formal education. Moreover, The formal education is now important to learn if you want to become a real estate professional. Formal education gives boost to deal with investors and general real estate clients.

Basic understanding with real estate tools on work place

As a professional you need to understand basic things in real estate on work place. These things are about formalities about work. What you are dealing in, what is your Products and details about your projects. Understanding with your products give you more knowledge about product and then you can explain better to your clients if you have enough knowledge about your products in term of product sizes, value in prices and understanding with area and services which a society is providing to clients on specific place.

Knowledge about Market

It is very important to understand the behavior of real estate market. What's going on outside of your office. Required more knowledge of area, services and prices of the property. Knowledge about market helps you to communicate and impact on clients as a good professional by understanding with realty and prices of the property. You can gain this knowledge by communicating with brokers on call and go on google and find out the prices of the properties. Wrong prices coding can create a negative impact on clients because if you create a big difference in the price of property may be your client go somewhere else.

Select a Specific Area

 In the biggest real estate market if you work in the specific city is trying to focus on one or two specific areas and focus it what's going on there in term of sales and purchases. The selection of specific area gives you the confidence and knowledge about that market and you will feel free to communicate with your clients and general investors. All this thing creates value in your work and you will hold your clients.

Creates Value on Your Listings

Once you understand the basic knowledge about your real estate works. Create smart listings for your clients with specific headlines where you can include area, nature of property, city and price. In the description you must give a complete sight of the property in 3 line story.Put complete information and advertise.

Use of social media and Internet

 You must have knowledge of social media websites such as www.facebook.com www.Twitter.com, www.Youtube.com, Instagram, interest, Medium, Mix.co., google, personal websites i.e. www.sitararealty.com etc.In modern real estate if you have own listings, then the knowledge of social networks help you to promote it for many customers as you want. In social media you must know how to target your customers. The usage of the internet gives you freedom to engage your customers online on the internet with the help of property.com,rightmove.com and gumtree.com

Build Your Physical Network in the Real Estate Community

As this area belongs to information. If as a professional you have knowledge of social media and marketing. You can build an online network.However, You must have to build physical network with your colleagues on the phone, face to face from one market to another market and also in international market by communicating on the phone. This will give to communication and public relations. It also creates a unique value on your work. 

Face to face deal

Customers come to your work place regarding your listings. This is a place where your expertise is tested. This is a time where you can judge your creativity. Dealing with customers on a face to face helps you to complete the deal. As a professional you have to be polite, friendly, Informative, knowledgeable and expert to complete the deal and explain the legality of real estate paperwork i.e. taxes, commission and final price of the realty for you sellers and buyers.

Be Patience and Persistence

Real estate business is a money generating business.However, It required patients to deal and communicate with clients. Everyday as a realtor or broker you have to meet and see new face with different mindsets and behaviors. You have to deal with them to remain a good professional and create your presence among employees on workplace. Your patients and persistence show your level of maturity. More relax and confidence give your work creativity and value of work 

11 Things Create Impact and gives Value of your professionism

1. Proper basic formal education
2. Information and knowledge of real estate
3. Experience in realty work
4. Expertise of specific area in realty
5. Creativity in Listings
6. Building own networks 
7. Be resistance 
8. Confidence to face clients 
9. Usage of Social Networks 
10. Good Customer Realtions Skills 

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How To Lock Deal In Real Estate Business Between Buyers and Sellers?

Real estate business is a sensetive in term of deal with customers, investors and dealers for different reasons. There are always the signs in the lack of confidence among stakeholders regarding the price and documentation of land. It is really hard to believe without the confirmation and attestation of legal documents. So it is important for both parties to get enough information about real estate property laws, documents and the price market of the realty.

There are different ways for brokers to deal with real estate customers and investors. Customers usually buy property for constructing house for living and rental purpose. However, wise realtors usually take few minutes to understand the behavior of customers regarding property buying. Little interview helps them to find the psyche of different general clients and that's a point where brokers examine how to lock the deal. In developing countries like India, china, Pakistan and Bangladesh realtors try to get maximum benefits from one deal.


Its happened because in third world and developing countries general realty buyers do not complete, property survey for particular place. In this case realtors get huge profit. Whereas, In first world like Australia, Canada, UK, USA and Europe property business is very open and print and electronic media and now social media helps customers to give information about different kind of properties so they do give offers and give value of price in property and realtors usually deal on commission bases.

In case of investors, Brokers easily mention profit on the property from its actual price and if both parties agree on one price, then it will good for both parties. Moreover, Brokers usually try to deal with investors on profit and loss equation and do not ask for 1 or 2 percent commission again here it is important to make an agreement.

11 Important Steps In the Process of Deal Locking

• First show the right property to your real estate customers and investors 
• Clearly demand the value of price to your customers and investors 
• Ask about offers to your clients if they agree to buy the property
• Make sure keep the demand 5%, up from your actual property price because people love to bargain in real estate
• Consider offer if its 5 to 10% below from your price because usually such offers can be negotiable when two parties sit face to face. 
• As a broker stretches both parties to close the deal. 
• Once the deal has close made an initial agreement of price 5% of the total property price of legal paper called affidavit or memorandum in many countries like UK, USA, Canada and Australia.
• Must keep 5% because if one of two parties back the deal you can keep you 1% percent of your hard work.
• After an initial payment make second or final agreement of completing paperwork and ask both parties for sign deal.  
• An allocation of document that day again recheck all paperwork before transferring the documents and exchange money Payment Check or demand draft keeps all evidence in legal papers. 
• When all paperwork and transformation documentation is done asking for your one percent commission.

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How Important is Gwadar in Future for Real Estate Investment?

Gwadar Past and Present

Gwadar on map is in blochasitan is the most beautiful place in Pakistan.Gwadar is the port city of Balochistan and owned by Pakistani government since 1958.It was the part of government Oman from 1783 to 1958.It is wide port of 120 kilometers in turbot side and 170 kilometers to west Gwadar.Gwadar was under Oman rules for almost 200 years. However, It was recognized as a deep water port in 1954 by USA geological survey. Pakistan took ever Gwadar in 1958 and Since that time Pakistan never uses this port for economic purpose and it was a big mistake by Pakistani governments.It was the responsibility of the Pakistani government to develop this port with transportation of roads, Gwadar airport and telecommunication.However, Lack of investment, infrastructure and security concern in bolchastian this part of the economic hub remained silent for almost 4 decades. In 2001 Army ruler Parvez Musharraf gave Gwadar importance and started development. If we look at the Gwadar port map it has strategic route of trade and easiest way toward gulf and Europe.Vision of Perviz mushraf Invite china to investment in Gwadar. In 2015 Pakistan and China decided to develop Gwadar and announced China–Pakistan Economic Corridor (CPEC) plan and initially china invested $46 billion. China found the importance of deep water port and started investment in Gwadar port and different development project so we can say that Gwadar city and Gwadar port's future based on china's investment heavily. Pakistan and China started mega projects in gathering it includes One Belt, One Road, Pakistan linked different routes from northern pakistan to western chinatown link china rate direct with gawdar port.

 Gwadar in Future for Real Estate Investment

View of Gwadar Port and Real Estate Development Projects 

Strategically, Gwadar is located in southern coast of Blochistan on Arabian Sea. Gwadar is very close from Irani a border and its distance is 120km and 533km from Karachi. The main areas of Gwadar are Pasni, Gwadar and Jiwani. Gwadar district total population is 215,00 and in Gawdar city, there are 80,000 people are living. Gwadar port's importance and Gwadar CPEC give importance to Gwadar importance. Pakistan government sets indicators to achieve goals of Gwadar 2030 and 2055. Now Gwadar port works unders Ports &Shipping. Government of Pakistan established the Gwadar Port Authority (GPA) in 2002.This Organization have responsibility of construction, operations, management, and maintenance of Gwadar deep water port. In the development of gwadar the government of Pakistan has adopted the concept of the landlord to make the process transparent and GPA is responsible to deal and drive overall development of the port and raise funds.GPA invites private sector investor as a primary source of development in different projects of hospitals, airports and cargo. Gwadar port is away from Gwadar city and it is the port of deep water which is much deep than karchi and dubia ports. Gwadar port is imporance becasue CPEC route and with the cpec progress.

Currently, GDA working on the following ongoing projects and these projects is good for investment point of view for different investors. Here is the detail of projects.  

 ⦁    Construction of East-Bay Expressway, Gwadar Port

⦁    Construction of Breakwaters, Gwadar Port

⦁    Dredging of Berthing Areas & Channels, Gwadar Port

⦁    Pak-China Technical & Vocational Institute

⦁    Infrastructure Development for Free Zone & EPZs, Gwadar    

⦁    Necessary Facilities of Fresh Water Treatment, Water Supply    

⦁    China-Pakistan Friendship Hospital (Up-gradation of existing 50 bedded hospital )

⦁    Coal-based Power Plant at Gwadar    

⦁    Min of Water & Power

⦁    Construction  of Gwadar International Airport

 

Real Estate in Gwadar

Real Estate in Gwadar China-Pakistan Economic Corridor (CPEC) is winning win situation for not only china and Pakistan but also for region if we go in long perspective. This route will be the future of the global economy. This part needs investment and infrastructure of transportation, telecommunication, education and real estate development. Currently, the development of gwadar and the involvement of big stakeholders increases the price of land.The prediction and current environment show the sign of heavy development projects so we can say the future of real estate in gwadar is bright. Gwadar Development Authority is the main company who has the rights to develop Gwadar and this institution invites investors to invest in residential property, commercial property, industrial property and raw land. In gwadar there is 70% land is private which mean it's a good apparatus for investors to invest all kinds of real estate properties. Gwadar development authority issues a list of legal real estate securities in Gwadar and ban 100 illegal housing societies which advertise by realtors. To Invest in Gwadar make sure where you invest is completed recognized by GDA. Gwadar Real Estate in a developing Realty and it takes 3 to 5 years more for development so make sure as an investor for big ROI be patient for profit, In commercial real estate investment it will take 7 to 10 years to mature ROI. As real estate in gwadar is under a well organise authority it will be easy for investors "where to invest in gwadar"Who are gwadar property dealers" and what will be the rate of gwadar property in 2019.

This is the list issued by the Gwadar Development Authority for real estate Investment in residential and commercial sector 

1.    Naval Anchorage Gwadar
2.    International Port City
3.    Al-Ghani Housing Scheme
4.    Sachan City Gwadar
5.    Gold Reaf City
6.    Palm City Gwadar
7.    Coast Way Residency
8.    Indus City Gwadar
9.    Sharjah Center
10.    Gwadar Golf City
11.    Rabia City Gwadar
12.    Gwadar Royal Garden Phase II
13.    Desmount Residency
14.    Kings Park Gwadar
15.    Globiz Phase-IV
16.    Golden Lake
17.    Jamal City
18.    Canadian City Gwadar
19.    Kaamyab City
20.    The Gwadar Central
21.    Hermain City
22.    Jinnah City
23.    Green Palms Gwadar

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