Real estate in Different countries

Posted by nabeelshaukat on September 2nd, 2010

Real Estate Terminology and Practice in Other Countries

 

Real Estate in Central America and Mexico

The real estate business conducted in Central America and Mexico is different from real estate in the United States. There are some similarities between the real estate business of Central America and Mexico and the real estate business of United States, like in tax paying procedures, legal official procedures, and other legal documentations. Other than the similarities, there are also some differences that are listed below.

 

The differences are:

­   Taxes are less than in United States

­   Prices of houses are cheaper than U.S. in many areas.

­   Foreigners cannot buy property or homes in Mexico until they hold in Mexican Corporation. But in U.S. foreigners can buy homes, and property without any restriction.

­   There are certain rules present in Mexico regarding different types of properties.

­   Real estate agents do not need license to work in Costa Rica.

 

Real Estate in the United Kingdom

The term real estate in the U.K. is reduced to just property that passes on to fixtures, and land. In the property law of U.K. the property means benefits in land other than the benefits in money, come up under a trust for auction, held by a dead person at death.

 

Real Estate in Business Sector

Real estate has become very popular in business sector after the growth of personal property rights. So now it is normally known as commercial real estate. Real estate has developed into different separate fields like commercial, residential, and industrial properties. Keep in mind you need a momentous investment whatever if you want to purchase a property for personal use or business use.

There are some types of real estate business listed below:

?       Development ? For land development by replacement or addition in buildings.

?       Appraisal ? These are expert assessment services.

?       Brokerages ? Conduct real estate transactions between two parties by charging a fee.

?       Real Estate Marketing ? For property sales

?       Property Management ? Manage the properties of owners.

?       Relocation Services - Facilitate real estate transactions between people or business of different countries.

?       Real Estate Investing ? For the management of real estate investment

?       Corporate Real Estate ? To support the core business of a corporation by managing its real estate.

 

Residential Real Estates

For residing in a home, all the legal provisions are known as housing tenure. The dweller of a residence represents as a household. There are different types of housing tenure like:

­   Housing Cooperative

­   Tenancy

­   Owner Occupancy

­   Condominiums cohousing

­   Squatting

­   Public Housing 

 

There are many types of housing tenure with respect to the physical type of the residences. Some physical categories of residence are listed below:

 

?       Multi Family House ? multi-story building contains separate apartments.

?       Apartment ? individual unit in multi apartments building.

?       Attached Homes ? in residence area multi unit dwellings.

?       Terraced House ? multi apartments building having nonstop rows.

?       Cooperative ? different residents share a multi unit house.

?       Condominium ? a building having separate apartments owned by an individual.

?       Single Family Detached Home ? only for a single family.

?       Semi Detached Homes

?  Duplex ? one shared wall separate two units.

?       Portable Homes ? moveable

?  House Boats ? on rivers or streams

?  Mobile Homes ? moveable like bus

?  Tents ? temporary homes

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nabeelshaukat

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nabeelshaukat
Joined: August 12th, 2010
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