Q: What are the pro and cons to purchasing condos versus co-ops? – Anonymous A: The difference between a co-op and a condo is that with a condo, you own that specific piece of property and you do not need anyone’s permission to buy it. With a co-op, you own a percentage of the building – kind of like shares of stock in a company. More important, co-ops are more exclusive. Potential owners have to be voted into the building before they can buy. The pro is that you can pick your neighbors. The con is that when you go to sell, the board has to approve the new buyer, which can delay the sale of your co-op.
A: Condo Pros – sense of community and safety, interaction w/neighbors, association which manages some of the building repairs/maintenance. Condo C
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Two multi-million dollar Hawke’s Bay farms which sold under the auctioneer’s hammer within an hour of each other have redefined rural land values for the region.
First to go under the hammer was a 530 hectare high-tech’ dairy conversion known as Willowford Dairies which sold for $6.25milion. Then the 1001 hectare Gwavas Station – which has been continually owned by the same family for some 155 years – sold for $9.2million. The consecutive sales were conducted by Bayleys Real Estate.
Some 250 people packed Napier’s War Memorial Hall for the auctions last week. Among the
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The most recent S&P/Case-Shiller Home Price Indices was released on Tuesday and the news wasn’t as optimistic as we would like. The S&P/Case-Shiller monthly report is the leading measure of U.S. home prices and their report this week states that home prices fell 5.3 percent over the last two quarters of 2010, essentially negating the 4.9 percent growth seen in the previous year. Many analysts are using these numbers to confirm a housing double-dip.
The only two markets that saw year-over-year increases in home prices were San Diego and Washington DC – making this drop in home prices such that values are hovering around where there were in 2002. Ana Read Article…
Located in the desirable seaside suburb of Birkenhead Point Stafford Villa has operated as a luxury Bed and Breakfast for 11 years
A gracious Heritage listed colonial double bay villa built in 1903 for the Hayman family it is now ranked as one of the top Bed & Breakfasts in New Zealand. It has a fascinating and interesting history the genealogy of which has been explored and documented by the present owners.
Carolynn Crawford of Tourism Properties says” They have a well earned 5 Star Qualmark ranking and this is a very special property having been totally refurbished to the highest standard. Emph
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Plans for one of the biggest multi-tenancy retails sites in central Auckland have just been released – signaling a long-term confidence in a return to the economic growth of the central city.
The substantial redevelopment in the heart of the city’s Queen Street will see the establishment of approx 60 retail outlets – all to be operated as freehold unit titles, and occupying a total lettable floor space of approximately 637 square metres.
The ground floor development at 370 Queen Street sits on the corner site of Queen and Airedale streets directly adjacent to a 10-storey commercial tower, and directly opposite Auckland Town Hall, in what was previously a Methodist church chapel.
All retail units range in size from four square metres through to 74 square metres, and range in price from $185,000 to $785,000. Some 13 o
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Abisko Lodge Apartments & Campground for sale in Methven NZ as Freehold Going Concern. Located in the heart of the popular tourist destination close to Mount Hutt Skifield this business offers a range of accommodation and is an established profitable business.
There are purchase options and a split sale would be considered. Abisko Lodge is in a unique position having a significant parcel of land (Campground) that could be developed further. Forward bookings for both the coming winter ski season and Rugby World Cup are already strong and January income trending to doubling last year’s result.
