Renaissance Group Commercial Landlord

In my opinion: Property still a good long-term investment

But it is also important not to get distracted by house prices alone. We have noted some encouraging trends in the market, including a 26% increase in mortgage applications compared with the first half of 2010 and 38% more mortgages signed up in June 2011 compared to June 2010. And our survey and valuations business has increased year-on-year up 47% on the same period in 2010. In addition, the government has launched FirstBuy and confirmed that Stamp Duty is not payable on purchases by first-time buyers where the property is valued under £250,000. We should also consider that many prospective purchasers had been disincentivised to purchase until now because it was cheaper to rent. But the growing number of would-be tenants has put pressure on limited stocks of rental properties which has caused rents to rise as landlords make the most of demand. The choice of rental properties has also become limited, with some reports of gazumping as tenants seek a suitable property. First and foremost, many buyers are now seeing the property they buy as a home rather than the route to making a quick profit. Ownership offers an advantage over rental property in that it provides security of tenure not available if someone’s home is dependent on the decision of a landlord every six months on whether to sell or retain their rental property.

VA seeks proposals for veteran housing | The Journal Gazette | Fort ...

– The U.S. Department of Veterans Affairs is giving free rein to developers to propose permanent housing for homeless military veterans in Fort Wayne.

No specifications or bidding requirements have been assigned to the project on 4.4 acres of vacant land at the VA Medical Center.

“We want you, the developers, to propose the use that you think would be the best use of the land to serve veterans,” Kathleen Eastberg, a VA asset management official in Washington said at a public hearing Wednesday at the med center.

Audience members asked about the number of homeless veterans, the type of housing VA seeks, target rent levels and the kind of residential services required.

Eastberg and other VA officials offered little guidance aside from recommending affordable rents, “supportive” housing services from the landlord and compliance with city building codes. Harold Palmer of local developer Renaissance Group noted “a tremendous disconnect in the audience today.”

“We have come and listened, but you haven’t given us any meat. … Where are the facts?” Palmer asked VA officials.

Eastberg said more information will be contained in a solicitation to potential developers. She said later in the hearing, “Anyone who submits a credible offer is considered.”

The project is part of VA’s Building Utilization Review and Repurposing initiative begun in 2009. The department solicits private developers, non-profit organizations and public agencies to finance, build and operate housing for VA property leases that last up to 75 years.

Eastberg said 60 such leases have been awarded nationwide and 65 more are planned.

The local project – which would give housing preference to homeless veterans and their families but not be limited to them – will be built on land at Lake Avenue and Randallia Drive. Although it is federal property, the housing units will be subject to city taxes, Eastberg said.

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An introduction to the various elements of Renaissance life, including religion, trade, education, food, and clothes.

The Renaissance

This series introduces readers to the lives of ancient peoples, including their social, econonomic, political, and cultural lives.