1. Soaring Skyscrapers: A Race to the Sky

Skyscrapers have become the symbol of modern urban landscapes, often pushing the limits of engineering and design. These towering structures are a testament to the incredible achievements of mankind in the realm of architecture.

• Burj Khalifa, Dubai: Currently the world’s tallest building, the 828-meter (2,722-foot) Burj Khalifa is an iconic symbol of Dubai’s rapid development and ambition.
• Shanghai Tower, China: At 632 meters (2,073 feet), this twisted, glass-clad skyscraper is the second tallest building globally, housing offices, hotels, and observation decks offering a panoramic view of Shanghai.
• One World Trade Center, New York City: As a symbol of resilience and rebirth, the 541-meter (1,776-foot) One World Trade Center stands tall in the heart of the city, offering world-class office spaces and breathtaking views.

2. Luxurious Living: The World’s Most Opulent Estates

From beachfront paradises to hilltop mansions, the world is home to some truly opulent estates that redefine luxury living.

• Villa La Leopolda, French Riviera: Nestled on the Côte d’Azur, this sprawling villa boasts 19 bedrooms, a movie theater, and extensive gardens – making it one of the most expensive and extravagant homes in the world.
• The Pinnacle, Montana: Located in the exclusive Yellowstone Club, this mountain mansion features heated floors, a wine cellar, and indoor-outdoor pools, offering a perfect blend of comfort and luxury in a stunning natural setting.
• Antilia, Mumbai: Owned by Indian billionaire Mukesh Ambani, Antilia is a 27-story private residence in Mumbai, boasting three helipads, a 50-seat movie theater, and a staff of 600 to maintain the property.

3. Island Escapes: Your Own Slice of Paradise

Owning a private island is the ultimate symbol of exclusivity and extravagance. Here are some breathtaking island properties that provide an idyllic escape from the hustle and bustle of everyday life.

• Necker Island, British Virgin Islands: Owned by Sir Richard Branson, Necker Island is a 74-acre paradise featuring Balinese-style villas, lush greenery, and crystal-clear waters, making it a popular destination for the rich and famous.
• Musha Cay, Bahamas: Owned by magician David Copperfield, this 700-acre private island offers luxurious accommodations, pristine beaches, and a plethora of recreational activities, including water sports, treasure hunts, and outdoor movie nights.
• Tagomago Island, Spain: Just 900 meters off the coast of Ibiza, this 148-acre island offers a luxurious five-bedroom villa, a private beach, and panoramic views of the Mediterranean, perfect for an exclusive retreat.

4. Green Real Estate: Pioneers in Sustainable Living

Sustainable architecture and eco-friendly design principles are increasingly shaping the global real estate landscape. These remarkable properties showcase the future of green living.

• The Edge, Amsterdam: Dubbed the “world’s greenest office building,” The Edge incorporates advanced technology, smart design, and renewable energy sources to create a highly efficient and environmentally friendly workspace.

• Bosco Verticale, Milan: These twin residential towers in Milan are adorned with over 900 trees, creating a vertical forest that purifies the air, reduces noise pollution, and provides a habitat for birds and insects.
• One Central Park, Sydney: This award-winning mixed-use development features an innovative vertical garden facade, water recycling systems, and a heliostat to optimize natural light, setting new standards for sustainable urban living.

5. Historic Gems: Timeless Masterpieces of Real Estate

From ancient castles to historic mansions, the world is filled with architectural treasures that have stood the test of time and continue to captivate visitors and investors alike.

• Hearst Castle, California: Built by newspaper magnate William Randolph Hearst, this lavish estate features 165 rooms, a stunning outdoor pool, and a priceless collection of art and antiques.
• Palais Coburg, Vienna: Dating back to the 19th century, this neoclassical palace now houses a luxury hotel, a Michelin-starred restaurant, and an impressive wine cellar containing over 60,000 bottles.
• Alhambra, Spain: This breathtaking fortress-palace complex in Granada is a stunning example of Moorish architecture, featuring intricate carvings, lush gardens, and a rich history dating back to the 13th century.

6. Futuristic Real Estate: The Cutting Edge of Design and Technology

Innovation and forward-thinking design are transforming the way we live and work. These pioneering real estate developments showcase the cutting edge of architecture and technology.

• Apple Park, Cupertino: Nicknamed “The Spaceship,” Apple’s headquarters is a marvel of modern architecture, featuring a massive ring-shaped building powered by 100% renewable energy, a 10,000 sq ft fitness center, and beautifully landscaped grounds.
• The Dynamic Tower, Dubai: This revolutionary skyscraper, currently under construction, will feature rotating floors that allow residents to customize their views and generate electricity through wind turbines.
• The Shard, London: The tallest building in the United Kingdom, this 95-story glass pyramid houses offices, luxury residences, and a five-star hotel, offering spectacular views of London from its open-air observation deck.

As we traverse the globe and explore the most captivating real estate wonders, it becomes clear that the world’s property landscape is a vibrant and ever-evolving tapestry. From iconic skyscrapers to sustainable masterpieces, these extraordinary developments offer a glimpse into the past, present, and future of real estate.

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People fled the big cities and actively sought out country houses for rent, swept away new buildings like pies in a period of scarcity and spent the last of their money to buy a home. Families trapped within four walls yearned for more space, tenants overpowered landlords demanding lower rents, but retail storefronts and office space were still empty.

Now that we understand what we’re dealing with and realize that COVID is here to stay, it’s time to look to the future and assess the real estate market’s prospects. Why? Because the real estate and construction sector has always been the flagship of future economic recovery, population migration, consumer demand and more.

COVID-19 accelerated the growth of online shopping and the decline of retail

An Ernst & Young survey in 2020 found that 33% of consumers expect to shift more to online shopping; in 2021, nearly 40% said they still shop less in physical stores than before the pandemic. This trend is likely to continue into 2022. There may not be such explosive growth in online sales, but many have come to appreciate the convenience of online shopping.

Growing social distance

COVID-19 also raised the debate about the importance of open public spaces and the disproportionate access to them by different demographic groups. Mass development, especially in large cities, reduces people’s access to recreational areas, which is one of the reasons for the continued spread of the virus. We believe that the state will be forced to pay more attention to the need to grow public and recreational spaces precisely in order to reduce overcrowding. And this, in turn, may lead to an increase in the quality of life of the population of large cities.

Migration to the suburbs is growing and will increase

Many people are moving to the suburbs near cities to be able to return to the office part-time or come in 2-3 days a week. This migration has already greatly increased the demand not only for finished homes, but also for land for further construction and, as a consequence, the growth of prices for suburban housing, which seems to replace the trend of buying new buildings in 2022.

The cost of construction materials will continue to grow

Purchases of apartments, new constructions, houses and plots of land will entail the necessity to carry out construction and repair works in them. As a consequence, there has been an explosive growth in the cost of building materials, which have risen by more than 30% by our estimates in 2021. There is no reason to expect a reduction in the cost of building materials in 2022 due to the huge unmet demand and the ongoing renovation program.

Reducing the size of apartments

The sharp increase in the price of apartments and building materials with simultaneous stagnation of incomes and acceleration of inflation is forcing developers to look for new ways to stimulate demand. One of the main drivers of the demand for real estate in such conditions is the reduction in the area of apartments. Studios are starting to take up more and more space in the range of many developers. The tendency of even more reduction of the average area of apartments will continue in 2022 and we will see new records in minimizing the area and entering the market of mini-apartments.

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We have tried to make it easier for you to choose your path in life and have painted 10 basic characteristics or character traits that should be considered when choosing a real estate career.

Who wants a fixed salary.

Many people want to have a fix, it’s psychologically more comfortable for them to clearly know that on the 10th they will receive a specific amount. Often the size does not make any difference. It is important to have the certainty that the money will be there on the 10th.

Who wants to work on a fixed schedule.

From 9 to 18.00 or any other. Many people are not willing to overwork. The typical picture in any business center. The flow of people going to work stretches for about two hours, from 8 to 10 in the morning. But in the evening all leave the office building with the sixth strike of the chimes faster than fire regulations. This desire, by the way, perfectly correlates with the first one. Pay me little, but don’t make me work more either.

Who does not like to communicate with strangers.

Psychologically it is hard. We do not know what kind of person is there. What if he says mean things to me, or sends me away, or does not come to the meeting. And this list of fears can be endless. No, I’d rather go to my office, have tea with Larisa Semenovna, and discuss the game with Vasily Arkadievich, ramble for 8 hours and go home to watch TV.

Who prefers a sedentary job or a job that does not require constant movement.

Realtor or real estate broker, of course, not the courier, but it happens that we have to move around the city a lot: from the show to review, from examination to negotiation, from negotiations to the signing of the contract, etc. Therefore, many realtors and brokers successfully substitute their profession for the workload in the gym.

Who doesn’t like or can’t multitask.

Again, this is by no means a reproach to representatives of other professions, but a broker has a lot of tasks if he wants to achieve results. At the same time, sometimes it is simply impossible to perform all of them, so you need to be able to prioritize them, that is, to select the most important tasks first and not move on to the others until the most important ones are performed. And to understand which of them are the most important is in itself an art on the verge of mysticism.

Who does not like to work under stress or who prefers to avoid problems.

Everyone has stresses and problems. Just people in creative professions, i.e. those who have to work in a mode of some uncertainty, by definition have more of them than even firemen who even in case of fire will have to act accurately according to the exhausted algorithm.

Who are not ambitious.

Well, yes. Not all of us are going to become president of Russia. Many people sit in the same position for 10 and 20 or more years and feel fine. In real estate work, you can’t just sit around like that – there’s often no fixed pay, no schedule, lots of tasks, lots of calls from clients who want to be taken care of right away. You definitely have to have an ambitious goal in order to keep up with it all.

Who doesn’t need a lot of money.

A real estate broker can make a lot of money, really a lot more than the national average salary, but you have to try hard to do it. I would not say that you need to tear up one place, but try and try productively have to. If you do not try, do not move forward, do not do every day a little more than necessary, then the money will not be, which means that these people are better off looking for work on a schedule. Let a little, but will pay.

Who can’t or won’t hear the word “NO.”

A Realtor often hears “NO.” Certainly, much less often than phone operators who make cold calls offering to have their brains examined on the latest equipment with nanographite centrifuge inserts.

But this actually cures very quickly. After a month, you already stop taking rejection as a personal insult and begin to realize that anyone can tell you “NO” to your offer, to buy a warehouse that you can only get to in winter or summer.

Who isn’t willing and ready to learn.

You have to learn all the time, from day one and every day. To become the best in your profession you need to improve in so many areas: management, law, negotiation, psychology, logic, public speaking, time management, construction, operation. Yes, in almost all areas of activity. If you are looking for premises for a bank, then to successfully complete the task you must know how the bank works, if for a restaurant, how the restaurant works, what its requirements are, etc.

Real estate brokers don’t get bored. And it is because you have to constantly learn, meet new people, and constantly learn something new that this profession is so interesting.

The post This Can Stop You From Becoming a Realtor appeared first on Gazit-Globe.

We understand how to be prepared for such a situation in advance and what to do if the damage to the property has already been done.

Be prepared in advance.

Rent an apartment according to the contract. You should not treat the documents formally, sign a sample contract from the Internet, or neglect completing the act of handing-over the apartment – you can attach photos of the condition of the house, interior, furniture and appliances at the handover.

Write down all important for you terms right away. For example, you should inform about force majeure situations – flooding, plumbing and radiator failure immediately, you should report the breakage of household appliances within a week, no smoking is allowed in the apartment, pets are not allowed.

It is important to understand and fix in the contract the order of payment for repairs. It is clear that if you break a glass table, the person who broke it buys a new one. It is more complicated with plumbing and its wear and tear, the failure of moving elements of furniture, breakage of machinery. Write down and discuss these points in advance.

It is also important to reflect in the contract the amount of the deposit amount and the order of compensation, compensation, penalties, early termination.

If you have valuables in the apartment – an antique chest of drawers, a unique rug, or a porcelain set – you should get them out of the apartment before you rent it. Firstly the tenants are unlikely to appreciate the presence of such things. Secondly you will not have to worry about their safety.

Also try to discuss domestic issues in correspondence, not over the phone. Written evidence, documents and photos will help if you have to go to court.

The tenant has caused damage and is ready to negotiate

The easiest situation is if the tenant has told you about the problem and is ready to solve it. Here it is important for you to objectively assess the financial costs, agree them with the tenant and attract professionals to carry out repairs.

If you are interested in maintaining a good relationship with your tenant, and the situation does not seem critical, try to be diplomatic, avoid negative emotions, get a refund and solve the problem.

The problem is reported by neighbors

It will be great if you know your neighbors and exchange phone numbers. That way, when you rent your apartment, your neighbors can let you know about sudden problems, complain about noisy behavior or untidy treatment of the common area.

First situation – neighbors complain to you about tenants: noise, smells or cigarette smoke, garbage in the entryway

Remain calm. Yes, it is an unpleasant complaint, but it must be dealt with consistently, listening to both sides. Talk to your neighbors and be sure to apologize for the inconvenience. Next, calmly discuss the situation with your tenant.

Tell about the complaint of your neighbors, ask not to cause inconvenience to the neighbors and politely inform them that you will have to reconsider the terms of the lease or cancel the agreement if the complaints will be repeated.

Second situation – neighbors have caused damage: flooding, breaking the common door, breaking or damaging something in the entryway

Damage to a neighbor’s or common area property will require compensation for damages. If the case goes to court, most often such claims for damages are brought against the owner of the apartment.

To avoid ruining your relationship with your neighbors, you can compensate them for the losses according to supporting documents or make repairs. Next – deal with the tenant.

For example, if the flooding was the tenant’s fault – he forgot to close the faucet or did not inform you that the washing machine was leaking, then you have the right to claim damages from him, including through the courts.

If the cause of the accident is a broken pipe, internal failure of the plumbing and its natural wear and tear, the owner of the apartment is responsible for what happened.

An expert opinion on the causes of the accident is given by the emergency service, which eliminates the emergency situation. If you therefore understand that you cannot reach the apartment in time for the breakdown, ask your tenant and neighbors for an expert opinion on the spot.

Tenant ignores the terms of the agreement

The most common cases are the tenant getting a pet, not keeping order, smoking in the apartment. Also, the composition of tenants may not match the specified in the contract. For example, you rented the apartment to one person, and he shared the rent, reselling part of the apartment, or began to live with friends.

To fix the facts of the violation of the contract, you can take pictures and record on video violations, as well as invite a district police officer.

Then you can either negotiate with the tenants to terminate the contract, increase the rent, and pay compensation. Or you can go to court.

If you are afraid of such a situation, compensation and sanctions should be spelled out in the contract. You can terminate the contract in court, but in order to get compensation, you will most likely need to specify it in the contract.

The tenant has changed the locks

It happens that the tenant can’t pay the rent for the apartment, doesn’t want to let the owner in, and changes the locks of the entrance door. Such an action violates the owner’s rights.

To solve this problem, you will need a passport and a certificate of ownership. Next – the owner of the apartment should contact the Ministry of Emergency Situations, whose staff will help provide access to the premises. It is better that at the opening of the door attended by a district police officer.

Something is missing or broken in the apartment

The tenant may have thrown out furniture, broken appliances, damaged the walls or floor and not reported it. To fix the damage, you need to go back to the Acceptance Act, which describes what should be in the apartment and in what condition.

To save time and nerves it is better to try to agree on a compensation for damages – monetary compensation. If negotiations are unsuccessful, the owner can go to court.

When going to court, it will be good if the owner has photos of the interior, furniture, as well as in case of breakage of appliances – expert opinions on the causes of damage. It is obligatory to have a contract and an acceptance certificate for the apartment.

The tenants have made repairs or remodeling.

Because of the high cost, this is not the most common story. It is important to understand that the tenant without the written consent of the owner can not carry out major repairs or remodeling.

If this happens, there is administrative liability for unauthorized remodeling of the dwelling unit. The tenant is obligated to restore the apartment to its original condition.

If he refuses to do so voluntarily, the landlord can go to court to demand termination of the contract and compensation for damages. As in previous cases, it is important here that the original condition of the apartment is documented by photos and confirmed by the acceptance certificate of the apartment.

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