Portraying Personality In Interiors Under 40 Sqm (Includes Floor Plans)
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Each measuring just under 40 square meters, these three apartment interiors in Odessa, Ukraine, inspire three different personality types. Our first tour takes us to a sophisticated home with a bronze framed glass wall design, unique modern furniture ideas and an unquestionably luxurious kitchen project – despite its small proportions. Our second stop is made at a simple, young and sturdy apartment interior, designed for tenants, with another glass wall project that lends light to a multi-purpose living room. Color seekers may like our final prominent interior, where rich color accents add a touch of the unexpected. Floor plans included at the end of each tour.
Minimal amounts of furniture, a hollow decor and a limited material palette allow emphasis to fall on the remaining high-quality elements and sea view. Thanks to the glass wall, the ocean panorama flows unhindered throughout the width of the apartment, creating an immediate factor entering the home.
- Designer: aesthetic design
- Display: Dmitriy Li & Anna Prokhorova
Our third small home tour in Odessa, Ukraine, takes place in a 35-square-meter apartment. The customers asked for a subtle monochrome decoration scheme but short colored moments made the final cut. Burgundy softening visually warms the small living room, and sets it apart from the nearby dining room.
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Impact of COVID-19 on the real estate industry of Pakistan
The COVID-19 pandemic is currently a truly global phenomenon, with more than 100 million people across the world staying home or trying to do so if their way of life allows them. The short-term human and economic impact have been undeniable since people who can wait to work at home have closed their offices, shops and production positions have also closed.
The level of economic uncertainty can be said to be at its highest point, with the trajectory of the recovery challenging to forecast. Although there has not been a joint response at the global level, individual countries are taking the necessary measures to cope with these challenging times.
Before the virus shook the world, the real estate sector in Pakistan had forecasted a significant growth of 4% during 2020; however, this forecast will be delayed.
In real estate, we can see that the contingency is accelerating some trends, while others may eventually reverse. At the digital level, the search for properties has decreased by 40% in the most critical portals around the world; however, in Pakistan, the drop has only been 34% from January to March, and in April, we see that it begins to stabilize.
Digital portals have become the primary sales channel and the first point of contact when a person is looking for a property for sale or rent. Although the purchase decision is being postponed for the moment, it is essential to note that it is not is stopping.
Although the number of searches has decreased, those who perform them are willing to continue with the process. The total of people who are looking for a property and who have followed up with advertisers increased 19.2% in January, 18.2% in February, 16% in March and 17% in the first two weeks of April.
Regarding home income, the information that circulates is that approximately two out of every five contract renewals have been canceled, derived from the lack of work. The Ministry of Labor recorded the loss of roughly 350 thousand jobs since mid-March, and as the pandemic evolves, there is a risk of more layoffs.
The office rental market in Pakistan is also beginning to face a bleak outlook with an increase in the unemployment rate that could reach up to 5%.
Coworking offices are being hit the hardest by the initiative of many companies to make their workforce work from home, and the construction of corporate buildings will face a contraction, at least for the next few months, until the global economy stabilizes.
In addition, retail and shopping centers have also been forced to close. Indeed, their recovery will be slow and long-term since, in addition to the contingency, they face new sales models such as electronic commerce; this is one of the trends that accelerated during the contingency.
In these uncertain times, it is essential to note that although the volume of transactions has decreased, the sale and rental of properties have not stopped; The real estate sector is changing the way of doing business, but not its bottom line and digital tools are the best options to continue moving the market, which from past experiences, we know that once this situation passes, its recovery will be intense.
Factors such as the maintenance of interest rates and accessible terms for financing by banking institutions during the contingency, because it is predicted that these could increase once the situation has normalized and that the authorities have announced economic plans to revitalize the construction sector, they give certainty that the market is not going to stop.
Looking towards China
The nature of the challenge in the world economy forces us first to look at the effects of the coronavirus on the Chinese economy to try to analyze the potential impact on any business area across the globe. After 55 days of quarantine, China’s transportation came to a near-complete halt; hotel occupancy fell by more than 90%. Car sales plummeted 92%, although the number of actual transactions declined only 35% during the months of January and February. At the same time, 55% of residential projects began construction, and 77% of constructions reached completion during this period. Within the Chinese GDP, the real estate industry represents a sectorial weight of 14%. It is fair to say that despite the blockade, activity in this sector of the economy was able to remain low.
Future development of the local market
Undoubtedly, there is more concern about the behavior of the local market in the coming months. It is inevitable that the total stoppage of the tourism industry will have a negative impact on unemployment rates and that a higher level of uncertainty will slow down the first-home market. However, we must highlight the macroeconomic conditions that govern the real estate market to understand that it is only a transitory situation and that the local demand for housing will soon recover, driven by the shortage of supply, the increase in population, and the tourist industry to be recovered. Pakistan leads tourism worldwide. We have great faith in the ability of their companies and local authorities to adapt to new conditions., with the accumulated experience of more than 50 years innovating in the leisure and travel industry internationally. In addition, it is categorical to understand the behavior of the population of an island towards the real estate market as a generator and guarantee of wealth. The culture and tradition of the inhabitants of Pakistan are to preserve the land that produces crops and to maintain the apartment or store that generates rental income, even if this means making an additional effort for a certain period of time.
A New Era for nature and the environment
This global wake-up call will transform many aspects of life, aspirations and our responsibility to the planet. Pakistan has dedicated, for many years, efforts to protect the environment locally, and its tourism companies, with a presence in many countries and with thousands of employees around the world, have made sustainability at the heart of their business. At the local level, we invest sustainably and responsibly in local actions and consumption. Pakistan has a bright future as a reference to support the local producer, who is now receiving the deserved interest from the country population and visitors who appreciate the nature of Pakistan and wish to protect it. This global shift towards health, responsible consumption, and environmental protection will positively affect the Pakistan real estate market. It will become an increasingly determining factor in new projects that already have energy savings and the responsible use of construction materials among their priorities.
Top Ways To Earn Money Through Real Estate Investment
Many people believe that investing in real estate can enrich them in a very short time. However, we can say that it can be true, but only if you are effective, vigilant, and have a prudent approach to making the right decisions on time. There are a number of investment approaches to raising money in the real estate business. You just need to differentiate between the strategies useful for experienced investors and profitable strategies for novices.
Today we are going to discuss some of the best tips for investing in real estate that will help you earn nice money against your real estate investment.
Strategies for raising money in real estate
The real estate sector is undoubtedly one of the most lucrative investment sectors of Pakistan. At the same time investing your capital in the real estate sector can be a daunting experience as there is risk and fear associated with the real estate business. The risk of possible fraud in real estate is very high. Investors can lose their hard-earned money if the project turned out to be a scam or illegal. Many people have in their minds the myth that they have to be billionaires to invest in real estate. However, this is not in all conditions. You just need to be smart enough to identify the opportunity for a lucrative deal.
Some of the most commonly used ways to raise money in real estate are:
- Renting your property
- Investing in home renovation
- Holiday rentals
- Renting office space
- Renting a part
- Investing in Commercial Real Estate
Let’s discuss each of them in detail.
Renting your property
Renting income is one of the most popular ways to make money in real estate. Some investors are building houses for rent. Not only does it generate a steady stream of income, but the property itself appreciates its value over time.
If you are looking to buy a property to rent it later, make sure the property you choose to buy is located in a well-connected and popular neighborhood. However, if you are interested in building a home from scratch to rent it out later, you need to consider the trendy features that will help you attract potential tenants.
Investing in home renovation
House investing is another way to make money in real estate. By launch, we mean when a real estate investor buys a damaged or dilapidated property that needs major maintenance or complete renovation. Investors usually renovate it or fix major problems to sell it at a profitable price.
If you choose this option, remember that you have to be very fast in this process. Because, if the property is on the market for a longer duration, it has started to lose its value. We recommend that you do not require more than one year in general repair and resale.
In addition, you need to make sure that the chosen property is located in a popular neighborhood. If you’re investing in old real estate, you can completely change its perspective by typing a little bit, but location matters most. Location is the key to getting a good profit against your property.
Places of vacuum
Providing your furnished house for vacation rentals is one of the best options for raising money through property.
Wondering what holiday rentals mean? it means accommodation, which is an alternative to hotel stay for tourists and visitors.
Many tourists prefer to stay in apartments than a hotel stay to avoid a busy urban life. So that they can spend their free time in peace. You can make this option a steady stream of income.
Coworking office space
Collaborative office space is another much less talked about way to make money in real estate. The trend of investing in commercial real estate with the rental of it grows over time. You can either choose to rent the entire office or rent corporate space to freelancers or contractors who need workspace but are unable to afford the entire office.
Renting a share is a very common way to generate income with your property. Investors usually distribute their property in installments and rent them separately, this will multiply their rental income. Not only investors, but many residents also follow this practice, because while they live on the ground floor, they usually rent the first floor to produce a steady income.
Investment in commercial real estate
Investing in commercial real estate is definitely the best choice in real estate. You need to not only focus on investment property but always look for good deals on property development. This allows you to earn through improvement or earn a profit by selling it later at a nice price.
Concluding today’s blog, these are some of the most common and lucrative real estate investment choices we have collected for you. We hope this information will help you make a wise decision to make money against your real estate investment.
Hafeez Shaikh stresses need to incentivise real estate sector
Adviser to Finance Minister Dr Abdul Hafeez Shaikh on Monday stressed the need to encourage the real estate sector to attract investment from the Pakistani diaspora, reported Pakistan.
Presiding over a meeting to analyze the different financial models for “Naya Pakistan Economic Zone next to Islamabad Highway” in Islamabad, the councilor assured of the government’s support to the development of the housing sector as it has the potential to provide employment opportunities to the youth , Radio Pakistan reported.
He ordered the concerned officials to hold another meeting with all relevant stakeholders this week to analyze any financial plans prepared by the Naya Pakistan Housing Association (NPHA) for the above mentioned project.
Earlier, NPHA (r) Lieutenant General Ameer Ali Haider informed the meeting about the general details of the project.
It has been reported that the project will be completed in three to four phases, starting from Faizabad and ending near Rawat.
“The Border Workers Organization is working with NPHA on the feasibility of the project. The aim is to complete the first phase after one year under the public-private partnership regime. Different financial models are being explored for the completion of the project in consultation with the State Bank of Pakistan and Federal Board of Revenue, ”he added.