Buyers Market

In some parts of the world there is a real persistent threat of a prolonged recession.  However, the risks of a global recession have been replaced by global risks on interest rates.   Ireland, South Africa, USA and Spain saw the largest increases reported, while China, Russia, South Africa and Poland the lowest.

Many countries surveyed have announced a tempered pace of growth of property listings in a difficult market environment. However, two thirds said they expect a growth in the second quarter. 

Real estate professionals in the UK are downbeat, as vast majority of professionals argued that the declining interest of investors for properties in distress, has led to an oversupply of property in the country,   most regions except London was affected.  Large numbers of commercial properties are also still coming onto the market; the number of properties coming onto the market is increasing as tough times in the United Kingdom, continues to grow mainly as a result of the global financial crisis continuing to also impact the real estate market.   Distressed properties usually sell for less than below the market value but the sellers of goods said the new offer does not attract the interest of investors

The majority of commercial properties up for sale in the first quarter of the year were under foreclosure and put up for sale by lenders with more still to come on the market in trouble in the second quarter.

Portfoliogate.com will  always strived to bring the best residential and commercial deals to our clients and with many Investors unable to raise finance for one reason or another those with large cash reserves  have never had it so good, and are set to see their fortune reach greater height once the current situation starts to improve.

Commercial Property – The right selling price

Commercial Property – The right selling price?

When selling commercial property or a portfolio, one of the most important decisions that has to be made is deciding the right selling price for the property, and at Portfoliogate we endeavour to get you the right price.

The most frequent asked question is what is the right selling price for a commercial property? At Portfoliogate we believe that the best selling price is the rate at which the seller can earn a good profit. Where the buyer is satisfied with the deal which was offered, and the property stays on market for only a short period of time.  You could achieve all these aspects by consulting Portfoliogate.com. We have precise idea of the condition of the market and the current rates. We can also provide a good idea as to how much profit will be expecting after selling a commercial property at that point of time, and whether or not to proceed with selling at present or to wait for a better offer.

When a seller is deciding the price of commercial property, the seller must remember not to solely include the price in the value of the property. You may have renovations which need to be done, and want to add those cost to the price for which you want to sell a commercial property.  

There are several factors a seller should keep in mind when deciding the cost at which they would like to sell a commercial property. One of which is, the period of time the seller want to keep the property on the market. This is usually determined by the reason for which the seller is selling the property. If the seller sole objective is to make a profit, then the price should be such, so that it would attracts buyers. A commercial property which remains on market for a long period of time would usually lose its value, which means the seller price gradually comes down.  Therefore, the seller would not able to sell commercial properties for the initial price which was first quoted.

After the selling price for the property has been decided and the property has been listed in the various classifieds, the seller should remain flexible about the times when the prospective buyers can come see the property. He should also try not to be rigid about the date when he would like to sign the final sale deed or when he would like to give the possession of the property to the buyer. These and some other similar etiquettes are important for a seller wanting to sell commercial property at his quoted price. If such minor things are not taken care of, the seller might lose the customer and face a lot of difficulty in selling the commercial property. Whatever issues you may have with your commercial property or portfolio call portfoliogate.com straightaway. 

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