Own A House - real estate market news

As it has been spoken in the message of the government of Spain it is the first time for ten years that the rise in prices for the real estate in Spain does not exceed a rate of inflation.
Since March of the last year till this year March, the prices for houses have grown on 4 percent. for the same period Inflation has made 4.6 percent. These figures show that the prices for habitation in absolute figures have decreased for the first time since 1997.
The housing sector remained motive power of the Spanish economy within last 10 years, and has provided growth of a national economy for 7,5 percent. Low interest rates under hypothec credits in a combination with country’s entrance to the European Union in 1999, have led to boom in this sector of economy: Spaniards took credits for purchase of the “first” real estate or for sale smaller and purchases of the greater house.
The market has slowed down growth in the beginning of the last year because of growing credit rates and the stopped rise in prices for houses. International financial crisis has influenced stagnation of the market. In January, according to the government, the quantity of the given out sanctions to construction of houses reduced on 50,2 percent, and quantity of transactions of sale and purchase - on 27 percent.

It has become known that the person equips the habitation renders the big influence practically on all parameters of health - from emotional mood up to the health of teeth and stomach.

In American physicians’ opinion, a bathroom, especially if there near to a washstand the tooth-brush is stored is one of the most dangerous places to the person. The professor of microbiology from Arizona University has declared that on the average nearby 3 million microbes live in a bowl on square inch. Scientists advise to hold a tooth-brush far away from a washstand - in the closed locker.

Not smaller danger is represented also with a vestibule, where people usually put footwear. It appears, particles of a dust and dirt which can cause strong allergic reaction always remain on a sole of any footwear even if you wipe it carefully. Therefore it is better to keep footwear in a special shoe case, or to store it behind a door outside of apartment.

Americans are also assured, that greater health hazard of the person is represented with a refrigerator as incorrectly frozen products can lead to food poisoning. It is especially dangerous to freeze still hot meal as in this case the food is cooled non-uniformly owing to what the favorable environment for duplication of pathogenic microbes is created.

Japanese scientists plan “to create” island in Pacific Ocean to keep border of territorial waters for a fishing craft.
The main problem is that the island “drowning”. Now it towers above water of all on 10 centimeters. If it will finally disappear under the water, the zone of territorial waters for the Japanese fishermen will be reduced many times over. Besides, Japan can lose and stocks of oil, gas and the minerals, hidden under the sea-bottom.
It is planned, that up to 50 thousand coral fragments it will be transferred to ocean waters to island Okinotorisima in 1,6 thousand kilometers to the south from Tokyo.
Meanwhile, the project in cost of 3,6 million pounds sterling (nearby $7 million) threatens with strain of relations with China, which does not recognize man-made islands and it is not going to leave this region.

Russian tennis star Maria Sharapova has bought a magnificent penthouse in the Israeli city of Netania at the Mediterranean Sea.
The apartment-penthouse in the luxurious new building, which is in 30 kilometers to the north from Tel Aviv, has managed to Maria in 7,5 million shekels that makes more than $2 million
The area of apartment makes 350 square meters. Besides of three balconies, the apartment has also maintained roof comparable to the area of apartment’s metric area. As it has become known, Maria is planning to construct own pool there.

Russian businessman Alexander Klyachin has got Austrian Hotel Company, operating 21 hotel in the Europe.
Azimut Hotel Company,in which Alexander acts as main shareholder, has got Austrian Hotel Company (AHC). Such information has been given by Jones Lang LaSalle director across the Europe, the Near East and Africa (the adviser of the transaction). Close to Klyachin source and the president of Austrian Hotel Company have confirmed this information.
It has been also informed, that AHC operates 21 hotel under brands Eurohotel, Belmondo and Highway Hotels approximately for 2 thousand room-numbers (17 hotels in Germany, three in Austria and one in Czech Republic), eight more hotels - are under construction (in Germany, Austria and Bulgaria).
The sum of the transaction has not been disclosed, but experts miss in estimations. Director on development Swiss Realty Group has declared, that AHC business costs more than 10 million euro, and all network with hotels could cost 400 million euro.
Close to Azimut resource has told, that in the future the part of foreign hotels will pass under brand Azimut.

In 20 largest cities USA prices for houses have fallen to record size. The S&P/Case-Shiller index, which shows the state in the real estate market in the American mega cities, has fallen in January, 2008 to 10,7 % in comparison with the similar period of the last year.
In experts’ opinion, it shows that hypothec crisis has gone deep into the USA.
In December, 2007, S&P/Case-Shiller has fallen to 9 %. The index, which is being monthly calculated, has reached the maximum in the second quarter 2006 and then it has started to decrease.
During the last year the quantity of transactions on sale of houses-new buildings in the USA has reduced on 26 %. It is the record-breaking low parameter since 1963. Concerning the secondary real estate market, in September, 2007, the sale here has fallen on 19 % in comparison with September, 2006 - up to a minimum established in 1999.
In savings and loan associations experts’ opinion, the prices for real estate in both segments will continue to decrease - on 15 % on primary, and on 13 % on secondary the market.

The British - masters of marketing, they always the first come on the new market and promote it. The script is simple. At the initial stage, when the habitation and land is very cheap somewhere far away, the most brave investors buy up actives. Then goes massed promotion in the mass-media with the description of local life, unappreciated real estate and the promise of further growth. Frequently game is built around any important event in a history of the given country: for example, joining the EU. At this stage begin mass purchases of the real estate by Englishmen: they are sent in “cottage-tours,” though the British frequently buy without going to a place of the future purchase, during real estate exhibitions. At the third stage the business involves investors from other countries. The prices really grow even more. The Englishmen, who have bought actives some years prior to it, can easy fix super-profit and start to develop the new country with cheap real estate. Now, for example, everything begins in Vietnam.

The situation when a lot of middle class representatives appear owners of real estate abroad is fundamentally new. On the one hand people have a “wardrobe” of the real estate. English pensioners are closest to realization of this principle: one third of the year they can spend in the apartment in London, a third - in a small house in Southern Africa, and the last third - in Brazil. On the other hand, formation of built-up areas, which high-grade exist only a part of the year, is at early stages of development and viability of this model is not clear.

The main buyers of real estate abroad - Englishmen: more than 5 million people have already got houses or apartments outside the island. The main cause of such transactions is in big difference in the prices for real estate between expensive Britain and other countries. For young Englishmen real estate abroad is the first step in «a staircase of real estate» as on the native land they can buy nothing. Middle-aged and old people frequently sell their houses and move to other countries to get rid of mortgage credits - 37 % of Englishmen are ready to leave Britain for this reason.

Recently the British have started to practice selling the big house, and buying for this money a smaller one. The difference is invested in the second habitation abroad, trips and entertainments.
The British foreign real estate investment Internet-portal Homesgofast.com has studied inquiries of 170 thousand visitors and has found out, that Dubai, Brazil, Egypt, the USA (the western part of New York state and Florida) and Turkey are the most popular among potential buyers.

English pensioners like Spain, Australia or New Zealand (became fashionable due to fantastic landscapes in the movie Lord of the Rings). Developers have at once responded the demand and started to build for pensioners special inhabited complexes «60 +».

One of the most scale, amazing and paradoxical town-planning phenomena on the planet is the project of of Dubai’s site development. ”Persian Gulf is on the front line of impetuous modernization with the most active growth of urbanistic formations. The Gulf, which has started the development owing to the oil, passes a phase hyper-development, preparing for an inevitable exhaustion of oil stocks”, - writes in the research “Gulf” well-known Dutch architect Rem Kolhaas.

In Dubai it is staked on mass construction of outstanding buildings. New wonders of the world grow there in abundance: the only in the world seven-star hotel “Sail”, a huge mountain-skiing slope in a shopping center in the middle of the desert, the highest building of the world, fantastic artificial islands-palm trees, the house as the Arab, Rotating Building, the house from Porshe designers and so forth. Scales of construction amaze. Today over 30 thousand hoisting cranes are concentrated on a small site of a land (a coastal line of only 50 km). Moreover, every fourth high-rise crane of the world works here. Volumes of investments into the real estate are estimated in hundreds billions dollars annually.

An interesting detail - the planet’s largest building sites today are in not liberal countries. They are China with the communist party, in Dubai with sheikh Mohammed Al-Makhmut, who possesses all ground area and the control over the three largest developers of the country - Nakheel, Emaar and Dubai World.

Change of building site geography – is one more tendency of the world real estate market. - New sites of the building boom - Asia and countries of the Persian Gulf. In the urbanized zones of coastal China and Southern Asia, according to the forecasts, in twenty years time will concentrate half of the planet’s population.

Europe, where population does not grow and building supply is high, cannot brag of global projects. Moreover, volumes of house-building in some countries fall. For instance, in Western Germany the volume of house-building has reduced more than twice for ten years, and in East Germany - more than in three times. At that the prime cost is rather high, that also doesn’t encourage mega-projects: according to the research of architectural magazine Wonderland, one square meter in a private house costs in the Western Europe 1430 Euros, in the East Europe - 780 Euros.

The main huge building site of the world is China. In a marvelous way Chinese manage to build 1 sq. m of habitation for a person in one year. In Shanghai a housing stock has practically trebled for ten years. In Chinese People’s Republic in resent years the population of many towns has grown up to one million.
It is interesting, that China not only invests huge money in housing construction (2,1 billion dollars in 2006), but also skillfully controls the market. So, when in 2005 the market in Shanghai became superheated, authorities managed to cut off speculators from the market and prevent growth of the bubble.