Guyana Properties & Multi Listing Services

Georgetown - New Amsterdam - Linden - Parika

Category: Global Property Guide

This Idea Is Genius - Selfie Quadcopter Conquers Guyana.
10/04/2018 07:00 AM

Selfie Quadcopter Conquers Guyana.

This Guyana Selfie trend is going viral worldwide...

Phone selfies are boring. People aren't doing them anymore and they've become unpopular...

First, there was the standard selfie, then the selfie stick, and now the next evolution of the selfie has arrived!

Nobody knows who did it first, but soon thousands of people in Guyana started uploading incredible selfies from insane angles. They uploaded them to social media and soon EVERYONE wanted to do the same! 

Now, this new type of selfie has taken off - Literally - across the world.

See link below

https://breakthroughtrend.com/lp/quadcopter/drone.php?cep=h_Y4WuNW_EC22xNG5QEJnoZAnOp0Q1DpnezKISAyCdDRY-pin5Eb7_KwVXD_o8stzWnZw2s-cKZXDqZYINmvv2koOzpNdZ58HzdJZUOQhJL_oc2cCI02UlQdeVPGeHzTy4-1X2jxZVyIzIdkgiW9cDWP398QsPhMvjorRAYVrye9QClYLyFPe8A_clY0Ct8pfYcn2WqXNymOVhDSGwKKm5AXewWXckrzU3EWsVduTFRRdkTInloeBmjR3vPABcLcHjRmP5BL04XgPC-E1nBpVo11QusC6AdSkikBlrPVKNfufW1cKe3NTcz8WwjXzWjpfLvNcDrRWKILl9Gb2EV4LwrtjQtTep0UF4j_Hn5LjbgCgqiCjjYl0FDFiK4BzqzPx78TDX_iBdmUJyEUht0Ji_KAwJdZBir2Jkd7kl_-gv6pG3kJ7jpTkyZBgFM-H813Y16KDmLpxVDS6_Cxwt1rjwbsbyIjp5EmBz7SryIg38I&utm_platform=Desktop&utm_title=Selfie%20Quadcopter%20Revolution%20in%20Guyana.%20The%20Idea%20Is%20Genius&utm_thumnail=http://cdn.taboola.com/libtrc/static/thumbnails/596cc91199b4598cab544f5b4eb017b1.jpg&utm_campaign=1407101&utm_medium=msn-defaulthomepage&utm_campaign_item_id=125401182

 

 

 

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What Is a Gift Deed for Real Estate?
07/21/2018 06:28 PM

In real estate, a 'gift deed' is a notarized document that transfers ownership of property to another person. Gift deeds are only used when there is no payment or compensation for the property that is being transferred.

Gift deeds are most often used for transferring property between relatives and friends. The person who is gifting the property is known as the "donor," while the person receiving the property is deemed the "recipient." A gift deed becomes irrevocable once it has been given to the recipient and receivers of such property are required to claim the gift on their federal income tax form.

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What Is the Value of Real Estate in Guyana?
07/21/2018 05:57 PM

The value of real estate in Guyana depends on the location of the property, its size and the type of property. There are three types of properties in Guyana: state- and government-owned land, titled land and industrial estates. Government- and state-owned land is often leased.

 

Properties that are in and around major cities like the capital Georgetown are higher priced. A four bedroom, four bath house near the city costs approximately $350,000 U.S. dollars. This is the equivalent of 72.5 million Guyanese dollars (GYD). A five-acre plot of land located about 20 miles from the capital sells for approximately 2 million USD or 412.3 million GYD, as of 2015.

Foreign investors can acquire land in Guyana and get the same treatment as citizen landowners. Real estate taxes in Guyana include 0.5 percent stamp duty, 20 percent capital gains tax and 33.3 percent income tax.

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Jamaica real estate's rising investment potential
07/20/2018 01:53 PM

The news on Cyprus and the additional taxes to be paid has left worried investors to engage in other forms of investments such as real estate.

This gives the opportunity to take a second look on Jamaica's real estate industry.

With Jamaican government bonds now with a lowered rating, Moody's slapping the the bonds with a Caa3 which is one of the lowest ratings a government bond can have, banks are struggling to keep their clients while interest rates are being slashed

The real estate values in Jamaica continue to increase steadily.

In 2001 homes bought at $4.5 million are now being sold for $13 million just 12 years later. Real Estate bought in the following areas have proven that very steady returns at over 50% increases in value can be achieved.

Properties in the Kingston area such as the Golden Triangle , Jacks Hill, Stoney Hill and Barbican have all seen values climb.

Ocho Rios and Western St. Mary have seen increased demand from local and returning residents. The Richmond development in St. Ann and the Battle Site community in St. Mary have values increasing daily.

The Lagoons and Bouge areas in Montego Bay continue to see a steady inflow of investment. Properties are being sold within months after being purchased at a 30% profit.

When considering how to navigate through these times. Be sure to speak to a very knowledgeable Realtor who is a member of the Realtors Association of Jamaica.

Key points to consider when investing in Jamaican real estate, always select:

1) High demand location with existing and flourishing infrastructure;

2) Very attractive price;

3) Income earning potential;

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Global Property Guide
07/20/2018 09:57 AM

Puerto Rico has the world's worst-performing housing market

Trend: house prices fell 9.59% y-o-y in Q2 2017. 

Puerto Rico has emerged as the weakest housing market in our global house price survey, amidst continued economic woes, high unemployment, massive emigration, and a near-catastrophic national debt crisis and credit rating downgrades. 

Analysis: Puerto Rico’s latest economic downturn has lingered longer than any previous depression. 

GDP has contracted every year from 2007 to 2016, except 2012 when the economy grew by 0.5%. 

Puerto Rico has lost about 20% of its jobs since 2007.  The population has shrunk by about 10%. The poverty rate is now at 45%. Public health and retirement systems are now insolvent. Puerto Rico filed for bankruptcy protection in May 2017, unable to pay its massive debt or provide its citizens effective services. 

The housing market has suffered tremendously. After huge annual house price increases in the early 2000s, the housing market came crashing down in 2008. Prices have dropped 37% in real terms from 2008 to early-2017.

 

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