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Файл:English Speech Practice. Real Estate. Учебное пособие
.pdf
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real estate entrepreneurs. Even as you are doing real estate business,
keep going on with real estate partnership, and wholesaling.
5. Make First Investment
A real estate investment is a single investment. Thus, it is a must
for a real estate entrepreneur to ascertain the finances are in order.
Evaluate the market of real estate, consider the location before investing. Learn the market or investment property, real estate laws, neighborhood amenities, job market, school, general economy, and demographic trends.
Ex. 2. Fill in the missing words according to the text.
plenty
to ascertain
shortfall
pitfalls
residential
1. In a real estate business there are _________ of ways to make
money.
2. The common investments in real estate begin as _________
real estate entrepreneurs.
3. It is a must for a real estate entrepreneur _________ the fi-
nances are in order.
4. You may have some experts in your team to compensate your
_________ of experience.
5. Making money through real estate requires one to be ready to
face the _________ and the potential challenges.
Ex. 3. Write a word is similar in meaning to the underlined part.
1. Becoming a real estate entrepreneur means starting to learn
the real estate business investing.
52
2. Purchasing a property as investment and renting it for a long
or short-term is your choice.
3. A real estate entrepreneur requires many people to this en-
deavor.
4. A competent team helps you and ensures you maximize the
ROI and thus prevent from making common mistakes.
5. Making money through real estate requires one to be ready to
deal with the pitfalls and the potential challenges.
Ex. 4. Answer the following questions according to the text.
1. Why is it important to build a real estate team?
2. What basic knowledge should you have to become a real es-
tate entrepreneur?
3. What should you do before investing in a property?
4. What does the investment strategy depend on?
5. What should a real estate entrepreneur understand?
1. Create the situation due to your specialized routine, using the
information from the text.
2. Design your own exercises, expressing the main idea of the
text using these platforms: www.wordwall.net, www.quizlet.com
3. Create and analyze the problem situation, study all key issues,
find the possible variants to solve the problem.
Project work
53
Ex. 1. Fill in the missing letters according to the word transcription.
1. a_______y [əˌfɔːdəˈbɪləti]
2. h_______d [ˈhaʊshəʊld]
3. i_______l [ˌɪnfluˈenʃl]
4. g_______e [ˌɡærənˈtiː]
5. m_______y [ˈmʌnɪtri]
6. b_______d [bɪˈjɒnd]
7. p_______e [pəˈsentɪdʒ]
8. i_______y [ɪnˈkriːsɪŋlɪ]
9. d_______s [dæɪˈnæmɪks]
10. d_______e [dɪˈsaɪsɪv]
Ex. 2. Mark the statements as True or False.
1. Real estate is not an important sector in the modern economy
at all. (T__/ F__)
UNIT 9
The Importance of Real Estate
in Economy
Pre-text exercises
54
2. Housing prices are a critical factor in consumer spending and
play an important role for price developments. (T__/ F__)
3. In recent years, the interest of central banks in real estate mar-
kets has gone beyond this direct effect on inflation rates. (T__/ F__)
4. There is no any relationship between real estate and capital
flows to real estate, on the one hand, and economic stability, on the
other. (T__/ F__)
5. The banking sector is no more the most important credit provider for the property industry. (T__/ F__)
Ex. 3. Match the terms with their definitions.
1.
Upswing
A.
a fall in the amount of business that is done; a time when
the economy becomes
weaker.
2.
Downturn
B.
the act or process of passing
something from one person,
place or thing to another.
3.
Consumer spending
C.
the state of being rich.
4.
Transmission
D.
a situation in which something improves or increases
over a period of time.
5.
Wealth
E.
the amount of money that
consumers spend on goods
and services, expressed as
a percentage of a country's
economy.
55
Ex. 1. Read and translate the text, do the exercise.
Real estate is one of the most important sectors in the economy.
The affordability of real estate and rental prices and changes in those
prices have a direct impact on the wealth of property owners and tenants and their consumer spending. Therefore, the development of rents
and property prices is not only followed closely by private households
that wish to change their housing situation or plan to invest, but also
increasingly by the central banks. Housing prices are a critical factor
in consumer spending and play an important role for price developments. However, in recent years, the interest of central banks in real
estate markets has gone beyond this direct effect on inflation rates.
Nearly all major institutions, such as the European Central Bank, the
Text 1
56
OECD, the International Monetary Fund and the European Commission, are focused on the dynamics of real estate prices and their influential factors. Researchers and politicians increasingly consider that
real estate markets play a decisive role in the transmission of monetary
policy impulses. Key interest rate changes can have an intermediate
effect on the economy via real estate prices and might influence or
initiate upswings and downturns.
There is an important relationship between real estate and capital
flows to real estate, on the one hand, and economic stability, on the
other. Besides lending substantial sums to real estate businesses, Eu-
rope’s banks rely on real estate collateral to reduce the risk of much of
their household and commercial lending. Real estate serves as a guarantee for financing and as an important element of economic stability.
Real estate investments play a major role for private and institutional investors. But just as the property industry has influence on the
financial market it also depends on it as highly capital-intensive sector.
Access to loan capital is decisive in order to guarantee investments in
real estate. The banking sector still is the most important credit provider for the property industry. However, due to the financial crisis
and growing regulatory requirements in the banking sector, alternative
financing models including real estate debt products have become
more and more important for project developers and investors as well
as a source of secure returns.
Ex. 2. Fill in the missing words according to the text.
alternative
guarantee
influence
sectors
monetary
1. But just as the property industry has _________ on the finan-
cial market it also depends on it as highly capital-intensive sector.
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2. Real estate serves as a _________ for financing and as an im-
portant element of economic stability.
3. Due to the financial crisis, _________ financing models have
become more and more important.
4. Researchers and politicians increasingly consider that real estate markets play a decisive role in the transmission of _________ policy impulses.
5. Real estate is one of the most important _________ in the
economy.
Ex. 3. Write a word is similar in meaning to the underlined part.
1. Access to loan capital is decisive in order to ensure investments in real estate.
2. Alternative financing models including real estate debt products have become more and more important for project developers and
investors as well as a cause of secure returns.
3. The development of rents and property prices is followed
closely by families that wish to change their housing situation or plan
to invest.
4. Access to credits is decisive in order to guarantee investments
in real estate.
5. The reasonableness of real estate and rental prices and
changes in those prices have a direct impact on the wealth of property
owners and tenants and their consumer spending.
Ex. 4. Answer the following questions according to the text.
1. How does real estate affect the economy?
2. What role do central banks play in real estate markets?
3. How does real estate relate to economic stability?
58
4. Why are credits important for real estate?
5. What is the connection between the wealth of property owners
and housing prices?
1. Create the situation due to your specialized routine, using the
information from the text.
2. Design your own exercises, expressing the main idea of the
text using these platforms: www.wordwall.net, www.quizlet.com
3. Create and analyze the problem situation, study all key issues,
find the possible variants to solve the problem.
Project work
59
Ex. 1. Fill in the missing letters according to the word transcription.
1. m_______n [ˌmɪskənˈsepʃn]
2. a_______e [əˈveɪləbl]
3. h_______e [ˈhɜːdl]
4. b_______l [ˌbenɪˈfɪʃl]
5. c_______t [ˈkɒmplɪmənt]
6. e_______l [ˈiːkw(ə)l]
7. b_______y [benɪˈfɪʃ(ə)rɪ]
8. n_______y [ˈnesəs(ə)rɪlɪ]
9. k_______e [ˈnɒlɪdʒəb(ə)l]
10. f_______y [ˌfleksɪˈbɪlɪtɪ]
Ex. 2. Mark the statements as True or False.
1. Real estate financing is generally used to describe an investor’s method of securing funds for an impending deal. (T__/ F__)
2. You need to have a lot of money to start investing in real estate. (T__/ F__)
UNIT 10
Real Estate Financing
Pre-text exercises
60
3. Beginner investors need to remember that all real estate investment financing options are created equal. (T__/ F__)
4. There are a few different ways to go about financing real estate investments. (T__/ F__)
5. All investors have faced the financing hurdle at some point in
their career. (T__/ F__)
Ex. 3. Match the terms with their definitions.
1.
Hurdle
A.
the result or effect of an action or event.
2.
Financial history
B.
a belief or an idea that is not
based on correct information,
or that is not understood by
people.
3.
Misconception
C.
information about income,
employee's finances, assets,
salaries, wages, monetary incentives, beneficiaries, insurance, benefits, financial transactions, credit worthiness,
and debts.
4.
Outcome
D.
the things that you need in order to achieve something.
5.
Toolkit
E.
a problem or difficulty that
must be solved or dealt with
before you can achieve something.
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