How much can you afford?

The first thing you need to do is decide how much you can afford. You will need to look at how much money you have available yourself and how much you can borrow. There are a number of different financial institutions which offer loans to people buying a property, for example, building societies and banks. You should find out if you are able to borrow money and if so, how much (for information on mortgages, see under heading Mortgages).
Some building societies now provide buyers with a certificate that states that a loan will be available provided the property is satisfactory. You may be able to get this certificate before you start looking for a property. Building societies state that this certificate may help you to have your offer accepted by the seller.
Before finally deciding how much to spend on a property, you need to be sure you will have enough money to pay for all the additional costs. These include:-
survey fees
valuation fees
land registry fee
local authority search
fees, if any, charged by the mortgage lender or someone who arranges the mortgage, for example, a mortgage broker
the buyer’s solicitor’s costs
removal expenses

any final bills, for example, gas and electricity, from your present home which will have to be paid when you move.

You should be aware that if you start the process of buying a property and then the sale falls through you may have already paid for a valuation and/or a survey. If the solicitor has started any legal work you may also have to pay for the work done.
You should also take into account the running expenses of the property you wish to buy. These may include:-
heating bills
community charge/council tax
water rates
ground rent, if the property is leasehold
service charges, if the property is a leasehold flat
insurance costs, including life insurance, buildings and contents insurance.

From around the world

Brooklyn is getting its own version of Herald Square.

The Bloomberg administration is investing $15 million in downtown Brooklyn's gritty Fulton Street Mall shopping district, as part of an overhaul that will include modernized bus shelters, benches and other contemporary street furniture, with more lighting and trees, a city official said.

"You'll have a great new open space a la Herald Square at 34th Street in Manhattan, and an overhaul of the Fulton Mall's physical environment," said Joseph Chan, president of the city's Downtown Brooklyn Partnership.

He said the city would also invest $3 million to $4 million to create 10,000 square feet of green space at the former Albee Square mall site.

"The goal is to not only to create a place where people can hang out but a place where summer events and programming can be hosted," said Chan. "There can be movable seating like at Bryant Park [in Manhattan]."

The project is part of a $40 million public investment in downtown Brooklyn streetscape improvements headed by the city Economic Development Corp.

The new open space will border the historic Dime Savings Bank building and former Albee Square Mall property on Fulton Street, which is being transformed into 625,000 square feet of new retail and office space and 800 to 900 residential units, said officials.

The plaza will include trees and plantings, seating and lighting.

Construction is set to begin in spring 2008 following a public review, and plans include closing off part of DeKalb Avenue.

Chan said a "big problem" with Fulton Street Mall - which attracts 100,000 shoppers a day - is its "physical environment is outdated and not welcoming from a shopping standpoint."

Other downtown streetscape improvements are also in the works for two corridors leading into Brooklyn - via the Manhattan Bridge to Flatbush Avenue and the Brooklyn Bridge to Boerum Place - and at the BAM Cultural District. Later this month, construction will kick off on a new quarter-mile boulevard along Boerum Place from Fulton Street to Atlantic Avenue, extending a continuous planted median from the Brooklyn Bridge to Atlantic Avenue.

The improvements will also make it easier for pedestrians to cross.

As the Post reported last October, the city wants to breathe life into the long-neglected Flatbush Avenue corridor into Brooklyn via the Manhattan Bridge by filling it with large trees, better lighting and a signature sculpture.

Construction on that plan will start later this year and be completed by 2009.

Information Availability

I have been updating my blogs from time to time, and i have realised that i need to keep it updated more often than my current rate. Though you will find that my blog contains information from most of the hottest properties around, you will be able to get more information with googles target oriented advertisements on my blogs, you will find these around my pages, please feel free to visit these pages for more information and details and other search possibilities if the information you find here is not relevant enough.

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New additions

I have added Abu Dhabi as the latest additions to my blog. Please click on the link below to see the hottest properties in Abu Dhabi.

Abu Dhabi Properties

More Updates

I have added more properties to Bahrain and Dubai. I will be adding their locations on google maps very soon so please come back to see more details. Till then follow the following links to see the latest in properties and details about them.

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Dubai Properties

I have not up dated Pune Properties as of yet, but will be doing so soon. Please visit Pune Properties on the following link to see my previous posts.

Pune Properties

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Welcome

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Here you will find details and information about Hot Properties from around the world. I will be putting in all the news regarding the major developments in the most sort after destination whether it is in refrence to tourist destinations, property destinations, job locations etc.

On the right hand side you will find the links to some of the recently added locations. In time you will find this list updated with the latest news and locations. Please feel free to ask about any locations you would like to know about and i will be happy to post all the information that i can gather about it.

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