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London and Monaco are Europe’s most expensive cities for residential property buyers. Prices in the Baltics have risen to the same level as capitals such as Copenhagen, Berlin, Munich, Stockholm, Vienna, and Frankfurt.

High rewards await property investors in some parts of Europe, according to the Global Property Guide, a residential real estate research organization (www.globalpropertyguide.com). Rental yields for apartments in several Eastern European capitals are above 10%.

Rental apartments in Moldova’s capital city Chisinau can be expected to yield annual rental returns of around 14.13%; in Poland’s capital Warsaw, 13.28%; in Bulgaria’s capital Sofia, 10.56%; and in Slovakia’s capital Bratislava, 10.06%. The higher risks of Eastern Europe may be a factor in these returns (corruption, political instability, etc).

But risks are not the only factor. The Global Property Guide believes that the relatively recent arrival of the market economy, high interest rates, and relatively undeveloped mortgage markets, largely explain the low prices in the east. To illustrate, it would surely be hard to label the historic city of Bratislava, Slovakia, as a high-risk location, yet the rental income returns are excellent.

Western Europe generally suffers from another, different disadvantage: High taxation. There are high rental income returns to be earned in Amsterdam and Paris (8.25% in both), in Munich (7.80%) and Brussels (7.53%). But all four cities are high tax environments (but so too is Poland).

Property in Prime Central London returns surprisingly high rental yields, at 7.13%. Note that this “Prime” category encompasses relatively a narrow group of super-luxury apartments in absolutely prime areas (Belgravia, Chelsea, and Knightsbridge). The high returns in these select super-central locations contrast with the significantly lower rental yields (5.79%) available in Central London’s other luxury areas (Kensington, Bayswater, Notting Hill Gate, St Johns Wood, Highgate, Islington, Highbury, and Primrose Hill).

Europe’s most expensive cities

The tiny principality of Monaco is the most expensive location to buy an apartment in Europe at around €24,900 per square metre (sq. m.).

Closely on its tail is Prime Central London, where 120 sq. m. super-luxury apartments can cost £1,170,000 (€1,742,656) or £9,750 (€14,522) per sq. m. Apartments of 120 sq. m. in other luxury areas of Central London are likely to cost £580,000 or £4,833 per sq. m. (€863,880 or €7,199). The large difference is explained by London’s highly segmented top-end market, with super-luxury apartments in absolutely prime areas commanding considerable premiums.

Paris and Amsterdam follow London. A 120 sq. m. apartment in either of these cities has an average purchase price of €800,000 (€6,667 per sq. m.).

Moscow is Europe’s sixth most expensive capital for buyers of residential property. And though apartments in Moscow can be rather rewarding for buyers in terms of rental income returns, investors should be aware of the high risks (purchases are cash-based, and the authorities can suddenly turn hostile).

Dublin makes an appearance among Europe’s most expensive cities in 10th place, with a high end 120 sq. m. apartment on average costing around €600,000.

The Baltics, till recently Europe’s hottest residential investment destination, are now expensive. A high-end apartment in Central Vilnius, Lithuania will cost on average around €3,792 per sq. m (€455,000 for 120 sq. m.).

Latvia follows closely with high-end apartments in Central Riga costing an average of €3,020 pr sq. m. Rental yields in the Baltics have also dropped to very low levels.

There are still some very inexpensive capitals in Europe. Berlin, in particular (€3,167 per sq. m.), is now experiencing inflows of foreign money in response to its relatively low prices.

Even less expensive are:

Slovakia’s Bratislava (€1,292 per sq. m.)

Poland’s Warsaw (€1,175 per sq. m.)

Macedonia’s Skopje (€1,125 per sq. m.)

Moldova’s Chisinau (€917 per sq. m.)

Rental returns cannot fall forever

As 2007 dawns, rental returns are lower in most locations than they have been for 20 or more years.

Nowhere in Europe are rents keeping pace with the continued strong rise in property prices. Residential real estate prices are at historical peaks in almost all countries in Europe, except Germany and Switzerland.

This is cause for concern. At the Global Property Guide, we informally consider a danger signal to be rental returns of around 4% or below.

Several European capitals offer rental income yields around or below this 4% level. In example is Madrid, where rental returns are now at only 3.15%. Rental yields in Monaco are the lowest in Europe at around 2.43%.

See tables at:

http://globalpropertyguide.com//articleread.php?article_id=82&cid=

Rented property needs to be protected, especially when a landlord does not reside in the vicinity of his let out property. More over, he will be risking it as he is letting it out to a stranger who may or may not keep his house in a good condition.

Get a thorough credit verification of your tenant information from a professional reference agency. See to it, that a reference agency you approach is a licensed one. A landlord should keep a record of his paid rent receipts and also those which are due. He should also maintain the dates when he has visited his property and what condition it was in.

In case your tenant defaults his rent payment, one can approach a rent claim company. But, you will have to pay a percentage of your rent as commission to such claiming agents. To avoid any payment of commission to a claiming agent you can get yourself insured, get covered under rent guarantee insurance. A breather even in times of disaster, is your rent insurance.

Instead of loosing your money in claiming back your rental income or paying for those legal expenses, or eviction charges, you can reach out a tenant assessing agency to refer a good tenant for your house. Basic tenant checks comprise of his personal identity check, address check, anti fraud checks, credit checks, CCJ checks or bankruptcy checks. In addition to this, they also provide you rent guarantee assurance and cover any legal expenses involved in the eviction of your tenant. Select the right person to live in your buy to let property.

Tenant assessment involves collecting, collating and evaluating information of the aspiring tenant to reach a conclusion regarding his eligibility to occupy your house. Most of the time, the landlord may find it difficult to verify the aspirant`s past records including criminal reports. Don’t rely on the assurances of friends, past tenants and so on may backfire, as experience has proved time and again that verbal assurances would not hold true on most occasions. Cross verification of all tenant’s information in an orderly manner is essential. All the facts and figures mentioned should be supported by proper documentary evidence, like documents certifying name, permanent address and date of birth. Any changes found in the information furnished should be taken seriously. By getting in touch with a tenant assessing agency you can manage your buy to let investment and ensures you get your payments on time.

Selling does not always mean making a sale. You sometimes have to sell yourself, your quality, your brand, or your trust. The way you treat an individual can go a long way. Embedding your company logo into the heads of your clients will grow your business. Having a honest and trustworthy presence will allow clients to do business with you. There are many ways to sell real estate properties which don’t involve making a direct sale.

The below tips are common ways to sell real estate properties without making a direct sale, these are the actions which commonly lead to a sale. Let’s go over the ways to sell real estate properties without making a direct sale:

Personality. Personality is a great business tool. It makes you personable, approachable, and the right personality can charm anyone. Unfortunately, personality is rarely a characteristic which a person can develop or imitate, it is something a person is born with. However, most people have a personality, they just need a little help getting it to shine through. I have some tips for getting your personality to shine through. Practice makes perfect, so attend social events and conferences to network with others. Continue this routinely until social atmospheres become a comfort zone for you Always, smile inside. If you smile inside then it will appear you are always smiling outside. Think happy thoughts! When speaking face to face look a person in the eyes, without it being an uncomfortable stare. Stand still if you are one on one with someone, but if you are in a full room or crowded conference center then use slide presentations and move from one side of the room to the other while projecting your voice and connecting with all sides of the room. When talking over the phone, talk clear and pronounce your words. Take brief pauses and breathes between sentences and speak in a calm tone. Don’t always be about real estate, unloosen your tie sometimes and talk about yourself, your hobbies, and your interest – show your personality. Start a blog or newsletter which allows you to express your personality while promoting your real estate business Use Signatures. Placing your real estate property listing in your email signature can generate traffic for your listing. You should also place your real estate property listing in the signature of online forums and discussion boards, thus increasing the visibility of your real estate listing. Free Classifieds & Online Directories. There are an unlimited amount of free classified services and online directories. The most popular online classified service is Craigslist.org. Having a real estate property listing in Craigslist is known to yield results and deliver high traffic. Social Media & Bookmarking Networks. Social media and bookmarking networks are increasingly popular. These networks can deliver high levels of traffic, especially if you become popular and sociable within these type of networks. Submit your real estate listing to these networks. It is most beneficial to find social networks which are dedicated specifically to real estate, such as Active Rain Real Estate Networks. Organic Referrals. Referrals are very important, because this comes as a trusted body of resource. Referrals increase the chances of a sale. If a homeowner has done business with you in the past and you have a new listing for sale, then you should send an email to your past clients to inform them of your new listing and to please refer you to any of their family or friends that may be in the market for a new home. Most homeowners no someone in the market for a new home and are more than happy to recommend a real estate agent who they have had a pleasant experience with.

The above are great places to start for promoting your real estate listings without ever spending a dime. Penny pinching and only free advertising should never be your core business model, but in many cases it is unavoidable and every business goes through times when they need to save, so using the tips above should help you get the most out of your free marketing campaign.