The price of rural property is rising so fast there's a danger the British countryside could become a property playground for the rich.
That warning has been issued by the Royal Institution of Chartered Surveyors (RICS) in the last few weeks. It believes if action isn't taken to deal with the shortage of rural property, particularly affordable homes, first time buyers in the countryside could be totally priced out of the market.
It has released figures showing that people moving to the country have had a significant effect on local markets.
In 2005, according to figures released by the institution 105,000 people left their town house and moved into a rural property. That was up 25 per cent on the previous five years.
But the number of country homes available was moving in the wrong direction. Between 2002 and 2005, there was actually a four per cent drop in rural property completions. And since those figures released within the last month are three years' old, the situation could have worsened since then.
RICS is suggesting previously developed public land is earmarked for affordable housing. It also suggests that greenfield sites are made available for development if needed, which is sure to annoy many existing owners of property in the countryside (see also http://www.propertytoday.co.uk/Can-ordinary-people-afford-rural-property.11018.3878415.story )
The institution believes rural areas need to adapt to changing circumstances which may include building new homes. Its experts say that new housing in the countryside must not repeat the mistakes of the past, including poor standards of design. They were destructive to the beauty of the countryside, it claims.
In a separate story, if lots of people moving to the countryside is changing your dream, perhaps it will make you feel better to know that the peace of rural property in some areas could be damaged under new proposals to move flight paths.
The National Air Traffic Control, known as NATS, announced plans a few weeks ago to reorganise the UK's flight paths. And it's thought that could destroy the peace and quiet of some of the country's quietest and most beautiful areas.
Air traffic control has launched a 13 week consultation, which is due to end mid-May. It wants to hear views from anyone affected by the changes, especially those in London and the Home Counties, which are the areas thought to be most at risk.
12.5 million people are at risk of having the enjoyment of their home and garden affected. That's going to affect homeowners as well as those with property to let.
NATS is responding to problems in the current system for stacking planes waiting to land, which was designed in the 1970s. There are significant bottlenecks ? and no wonder. In 1975 the system had to handle 700,000 flights. The same system handled a staggering 2.6 million flights in 2006.
It actually believes the proposed changes will be better for the UK overall. Its experts estimate that 20,000 fewer people will have to put up with the noise and disruption of low flying aircraft. But that benefit will mostly be found in towns and cities ? it's people in the country who may have to put up with increased noise from planes.
Protesters believe the answer is simpler: have the UK's holding stacks over the sea and remove the noise from built up areas and the countryside.
So if you are thinking of investing in rural property, think again? perhaps you'd be better off staying in the city after all!
We Are Ordinary People
But when it comes to commercial real estate investing, that belief can cost you a small or large fortune.
For instance, when I first got started in real estate, one of the biggest challenges I had to get past was the idea that commercial real estate was too complex for me. That it was for the ?big boys?.
Even residential real estate agents suffer from this same mindset. They too believe that in order to break into commercial real estate they have to be promoted.
Nothing could be further from the truth.
For those with a determined mind to get involved in commercial real estate, the challenges are easily overcomeable.
But like all, myths the idea that commercial real estate investing is too complicated for mere mortals is grounded in a bit of fact. Commercial real estate does seem complex.
So let's dispel this myth right now.
Would you file your own lawsuit?
How about fly your own jet?
What about do your surgery?
Or how about even filing your own tax return.
Would you do surgery on yourself?
I think you'll agree these things are complex if you tried to do them on your own. But ordinary people get them done everyday.
So what's the truth?
The truth is that the most successful investors, whether novice or experienced, use professionals and experts when some ?heavy lifting? is required. The details of tax, law and finance are better off left to them.
If there's one area where you should spend you time and become an expert in is the market where you have your real estate. This is one area where you should spend your time.
Knowing your market, knowing the mindset and behavior patterns of your prospects will pay handsome rewards for your long term.
Leave the complex topics to the people who know how to deal with the complicated stuff. That's the best strategy for success for the up and coming commercial real estate investor.
So as you can see, there's no reason to be intimidated by commercial real estate. The benefits and advantages of investing in commercial real estate far outweigh the disadvantages or unforeseen complications you may occasionally come across. And even then, there are experts who can support you in your efforts. They are rather inexpensive when you look at it in this light.
The only time they get expensive is when you try to do it on your own and then unintentionally make a mess.
Put these professionals on retainer and use them. That's what they are there for.
Both P Green & Tony Seruga, Yolanda Seruga And Yolanda Bishop - are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
P Green has sinced written about articles on various topics from Property Guide, Foreclosure Help and Real Estate. More information about see the Property Today website at. P Green's top article generates over 135000 views. to your Favourites.
Tony Seruga, Yolanda Seruga And Yolanda Bishop - has sinced written about articles on various topics from . Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.. Tony Seruga, Yolanda Seruga And Yolanda Bishop -'s top article . to your Favourites.
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