Monthly Archives: September 2017

Real Estate in Costa Rica

 For lovers of nature, the Arenal region presents a perfect residence with long stretching green landscapes and volcanic mountains, lakes and rural communities that live peacefully. Enthusiasts can opt for Jaro area of Central Pacific Coast, which offers a resort town with bustling fun activities. In Costa Rica, there is no limitation on the hobbies and activities. The environment is a perfect inclusion of entertainment, urban and rural lifestyles and top quality medical care.

Advantages of living in Costa Rica

whether you are an affluent businessman or a soon-to-retire employee on pension securities, Costa Rica presents one of the best destinations for retirement. The first attraction in the area is their fantastic year-round warm weather. The environment is serene and perfect for raising families. The residents are quite friendly with a “Pura Vida” (life is good) lifestyle and attitude.

The region offers bargain real estate and foreigners have the same rights as locals that are amazing. Besides, the health care is high quality and low cost, a combination that is increasingly becoming difficult to spot in other nations. Qualifying for residence as a retiree in Costa Rica is relatively easy. The Pensioned program only requires one to give $1,000 per month per couple from pension, social security or disability. The greatest benefit of this program is that residents have a government health care system (Caja) which demands a very low monthly fee. Besides, there are several established active communities distributed across the country. This means you will access a busy social life and indulge in as many hobbies as possible.

Property and surrounding

People have the liberty to stay wherever they please in Costa Rica. The real estate industry has grown tremendously mainly because this nation is a tourist hotspot. You can find all sorts of elegant design property ranging from fully furnished luxury estates with beautiful ocean views and beach properties to investment property, commercial lands and residential homes on sale. Whether you need exquisite condos or vocational rentals, farms and mountain properties, Costa Rica provides many options.

Those on social security, pension, disability or other security for living in Costa Rica have the most benefits. They will enjoy top market designs and access low-cost, high-quality medical care. It is important to choose real estate agents who are experienced professionals with quality guarantee. This will ensure you enjoy bargain rates and discounts. There are a few considerations to make, and retirement plans must be keenly evaluated to prevent overpayments and undesirable installments.

Purchasing Real Estate Properties in Pakistan

If you happen to be looking for a property, then you might want to check the real estate industry of Pakistan. The sector has been continuously growing in the past few years and with the drop in mortgage interest loans, it is an attractive place to invest.


Foreign buyers should not be deterred from purchasing property in the country. While the process involved is lengthy, following closely the requirements would ensure a smooth transaction.. Foreign buyers who wish to purchase or rent a property should provide a valid passport, a copy of the landlord/realtors CNIC, attested copy of ownership, valid contract and an employment contract in case the buyer is working for a company. These are just some of the requirements that the government requires whenever buying and selling property.

Buying Properties

Buyers should thoroughly check the property that they are purchasing to ensure that the property is clean and ownership of the property actually resides with the seller. Sales Deeds are the best way to determine if the property is unencumbered and these can be found from the local authorities. It is crucial that buyers check the property to avoid any penalties from the government.

Properties in Pakistan are governed by several laws as well as regulations of the province or municipality where the property is located. The most important law that buyers should take a look at is the Transfer of Property Act 1882, Stamp Act 1899, Land Revenue Act 1967 and the Registration Act 1908. These laws outline the legal requirements as well as liabilities that may arise in buying or selling properties.

For the title to be transferred to a new owner, a Sales Deed or “Bay Nama” must be registered at the government registrar office. The Sales Deed must have a stamp duty affixed on it. The stamp duty shows the percentage of the transaction value of the property and differs depending on the size and value of the property itself. In modern housing properties, a simple allotment letter is sufficient proof that the property is legally transferred to the buyer.

Rental Properties and Real Estate in Ecuador

Foreigners typically have to understand the rental laws in their host country because most of them like the flexibility that comes with this type of living arrangement. It is important to be aware of this so that you can avoid any untoward incident with your future landlord or landlady or maybe even a purchase of Real Estate in Ecuador. You want to keep yourself from violating any of the local laws and at the same time, you want to know your rights as a tenant and as an owner of Real Estate in Ecuador.

To give you a brief understanding of your rental rights in Ecuador, here are the 4 important details that you have to know.

On the lease period.

Most of the rental contracts, according to Ecuador Real Estate laws, are good for one year. However, the tenant has the right to request for a two year contract. During this time, the landlord or landlady is not allowed to raise the rent. So, if you know that you can stay in a home for at least 2 years, then you may want to request for a two year contract from the landlord. If they agree but they still raised the rent on you in your second year, then you can file a complaint with the rental court (Juez de Inquilinato). Should the court rule against the landlord, they will be fined for violating the law of Real Estate in Ecuador.

On contract termination.

In case of an early termination, a notice is expected from the party that initiated the end of the contract for the Real Estate. If initiated by the landlord or landlady, the tenant should be given at least 3 months’ notice so they have ample time to look for another home to move into. If the tenant or renter initiated it, they need to give the landlord at least one month’s notice before the date they will move out. There may be some landlords who will force tenants to pay the remaining months in the contract but the latter is not obligated to comply.

On the rental price.

The Ecuador laws on renting homes and Real Estate in Ecuador, the landlord or landlady is only allowed to charge rent based on the value and current condition of the home. The law cites a formula that determines the percentage of the rent. That means if you are renting in a great home and in an affluent neighborhood, expect to pay more in rent as opposed to the homes in more modest communities. In case the landlord wants to raise his rate further than what is allowed, they have to file a petition in a rental court. You also have to know that the current law does not permit landlords to make automatic annual raises in the rent.

On the legality of the rental contract.

It is also specified in the law that the rental contract is only valid if it is duly notarized. If the contract you signed is not, then the landlord or landlady cannot take legal action against you. But if they have a copy of a notarized rental contract, then that can be presented as a valid document in court.

Important amendments to the rental law in 2012 for Real Estate in Ecuador

There had been amendments to this law and you may want to keep abreast about all of them. In 2012, the Ecuador President vetoed the Reformas a la Ley de Inquilinato and sent it over to the National Assembly for a second debate. On February 2013, the approved text of the reformed law (Law Amending the Codified Leasehold Law) was send to the President for approval, veto or disapproval.

The main amendments are as follows

Municipalities are mandated to have a Leasehold Registration Office of the Real Estate in Ecuador that has renters and that will help keep records of rental contracts. The landlord has to get a registration within 30 days from the date of the rental contract. They have to present proof of a security deposit and rent certificate. Failure to comply by landlord and late registrations will be fined by up to 10% of the rental price. This office is also responsible for determining the highest rental price of a property and looking after the deposit of the tenant.The rental price of any property should not be greater than 1/12 of 10% of its commercial appraisal. The landlord or landlady will be fined for any violation of this clause. They are also not allowed to ask the tenant to pay for any expense involving horizontal property regimes (or areas co-owned and used by other people). They are also not allowed to suspend the utilities of the tenant even if they failed to pay their rent

Future For Estate Agency

The technology industry needs a very quick response if a business needs to be in the market for a future intent. However, the property and estate agent industry has now been on a steady position and there are bright chances for it to remain income generating in the future. On the other hand, the internet service providers which used to offer the card system have become extinct.

When it comes to focusing on the real estate business specifically one may expect the brightness of future for a number of reasons a few of these reasons may include the following:

Boom of Residential Spaces

These days at every point what we see is the construction of a new residential space which may be a bungalow or a huge building. The population is increasing day by day and with this the demand of residential properties is also increasing with the same pace. Therefore the future of estate agencies here may prove being a very outstanding one because when it comes to the sales and purchases of these residential spaces there is a major chance of the business of real estate to take a boom. The relation between the real estate and the residential properties is a direct one because people need a home for shelter and real estate may give a perfect deal.

Trend of Shopping Malls

Another very commonly increased concept all over the world is the prevailing concept of shopping malls. Previously people accustomed to run after the differed shops in different corners but with the passage of time these malls are taking very significant place in the lives of every individual. In this regard, the development of malls may leave out numerous shops and stores on individual basis which may need a selling agent and here the role of the real estate is something essential