It’s “Estate” Time…

While the entire world counts its diamonds and rubies, the backstage stage star of global economy is the real estate sector. Its consistent rise in demand and its varied and qualitative supply over the last 5 years has given the economic structure a solid mold of prosperity. Come to think of it and it won’t surprise you how the estate sector has become the major backbone of developing countries all over the world making them worthy investment sites for property. Even though the 2013 forecasts for the same predict a steady flow of growth for the estate sector, it still offers some of the biggest boost to the world economy and industry. 

Over centuries property has been associated as a symbol of financial investment and future financial gain. From the Victorian times where limitless, sprawled acres of land, formed the royalty of the upper middle classes and elite with their huge mansions and well trimmed gardens. The current day situation is more or less similar as it reflects property as another facet of financial growth and sturdy income. All over the world, investments in the real estate sector are considered to be the wisest form of securing a great future for oneself and family. Spring in the possibilities that major under developed countries are looking to raise their chances of economic prosperity by becoming sites of real estate markets, luring the world economic powers to invest in them. 

Being a complete agrarian country and economy, India is the next bull’s eye for real estate investing. Be it the under construction projects in Mulund, the upcoming suburb of its financial capital Mumbai, or be its towering glass scrapers in its political capital of Delhi, this is the country you want to invest in. With a million options in its pouch, the Unites States of America is not only the economic bull of the world but is also one the major sites where the real estate sector is revered. From converting old heritage schools into the costliest private mansion to behold, property in the States is now associated with royalty and class. 

The United Kingdom has another tale to offer. A continent consisting some of the most beautiful cities in the world, the real estate sector should open its gates to this world of marvel. But with a much lighter hand of investment of capital from the Treasury, and a high levy of taxes this is a place where even elite buyers refuse to invest. It is an urge from the economists of the nation to its government as to keep low the charges and the taxes on property so as to welcome entrepreneurs to invest in the constructed glories of their nation. While the local property developers and rental businesses experience relief due to a steady rise in the housing market with a cut on the local tax charge, the nation overall does not accommodate the notion of new investors in its market.

Even though there are conflicting views on the situation of the real estate sector globally with some nations closing up while others open up even more generously to the industry’s benefit, it was and never is a doubt that property as finance is the most prime source of economic and national growth. Whether it is a small house that houses a single room or a mansion that demands historical respect, property has now become associated to a multiple range of definitions and titles, depending upon the nature of every individual client’s demand. Maybe real estate is the future to look up to or maybe a stepping stone towards its upcoming beginning.

Bio: Kate, a student of History and a budding writer, lives on the South side of New York, Harlem, and is intrigued by how the world functions in relation to its historic past. She is a single mother and she loves to indulge in coffee on rainy mornings and cold long drives in the winters.