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June 26, 2008

Top ten foreclosure opportunities listed

Filed under: USA — OPPE News @ 4:00 pm

US real estate experts have highlighted ten business niches set to grow thanks to the country’s foreclosure crisis. US News turned to the knowledge of Robert Kiyosaki, a columnist and author, and Rick Sharga, vice president of marketing for real estate information provider RealtyTrac.

The resulting article gives a run-down of ten business ideas related to property which could benefit small entrepreneurs. Among suggestions on the list is founding a property preservation specialist firm to help banks get repossessed homes ready for the market.

The article also states:

“As retailers close locations, there’s a business opportunity in helping those business owners find replacement tenants.

“In the real estate industry, this is known as a disposition, and it can involve subleasing by the existing tenant or arranging a settlement where the existing retailer bows out and a new one gets a new lease from the landlord.”

Foreclosure information sales is another market listed by the run-down, which cites the example of RealtyTrac’s paid subscriptions success. The Los Angeles Times recently reported the foreclosure crisis had now spread to the luxury homes market, meaning top properties are available for knock-down prices.

The paper said a hilltop Spanish-style villa in the attractive Napa Valley recently went for $1 million (£510,000) two years after it sold for $1.4 million (£717,000) in a sale experts say may become more common.

The top ten opportunity tips can be read at US News.

300 exhibitors expected at property investor show

Filed under: UK — OPPE News @ 1:00 pm

A total of 150 exhibitors have already signed up to the 2008 edition of the largest UK property investment event. The Property Investor Show will run from September 19th to 21st at London’s ExCeL centre and expects a further 150 firms to commit before the event goes ahead.

Organisers also said this year’s show will feature an exclusive zone for the Association of International Property Professionals (AIPP), the official body responsible for guiding and regulating the international property industry. Show managing director Nick Clark said:

“Professional property investors are still looking to expand their portfolios, in the UK and abroad, and expert advice will be essential to them going forward.

“The wider spectrum of opportunities in emerging foreign markets will certainly be of interest. We believe that the AIPP zone will be a significant additional attraction.”

Major house builders, property developers, estate agents, lenders, brokers, training companies and landlord associations will all be appearing at the event.

Alistair Powell, chief executive of 7CI, Seven Continent Investment, will be exhibiting at the show.

He said:

“We are confident that the level of interest from serious property investors will be equally high and are looking forward to the opportunity to network with other industry professionals.”

A programme of over 100 seminars will also be held at the show.

'Moving' building planned for Dubai

Filed under: Dubai — OPPE News @ 10:00 am

The world’s first moving building is to be built in Dubai after plans were drawn up by a visionary Italian architect. David Fisher unveiled the Dynamic Tower project at a New York press conference, saying it would feature 80 floors and be 420 metres tall.

Units will spin a full 360 degrees around a central column thanks to 79 giant wind turbines positioned between each floor. Dr Fisher also revealed plans for a second edition of the building, to be constructed in Moscow, are already at an advanced stage and added more were on the way.

He said:

“Additional Dynamic Towers will be built around the world, following an expression of interest from developers, governments, and public officials to construct a Dynamic Tower in Canada, Germany, Italy, Korea and Switzerland.”

When complete the building will constantly change shape, resulting in a “unique and ever evolving” architectural structure. Dr Fisher added:

“The Dynamic Tower is environmentally-friendly and the first building designed to be self-powered, with the ability to generate its own electricity, as well as for other nearby buildings.

“It achieves this feat with wind turbines fitted between each rotating floor.”

Dr Fisher has spent more than 30 years working on unusual buildings in locations such as London, New York, Moscow, Hong Kong, Paris and Dubai. A demonstration of the moving building can be viewed at www.dynamicarchitecture.net.

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