Own A House - real estate market news

In 2010 the Ministry of Finance and Ministry of Economics will prepare the amendment in the Tax code, providing introduction of the tax to the real estate instead of ground and property taxes.
As it has become known from the message of the Ministry of Finance, the Ministries have already prepared the schedule of development of the corresponding chapter of the Tax code. The schedule provides that the project of amendments will be prepared by the Ministry of Finance of Russia together with Ministry of Economy and Ministry of Justice and brought in the government of the Russian Federation per 2010 for the subsequent direction in the State Duma.
Inclusion into the Tax code of the Russian Federation of the chapter, adjusting the taxation of the real estate, the tax to the real estate can be entered in those subjects of the Russian Federation, where the cadastral account of real estate objects is being carried out and results of cadastral estimation of objects of the real estate are approved.

The radical American Madonna has never understood aspirations of her husband Guy Ritchie to live in London. While their disputes have led only to one result: Madonna lives and works in America, Guy Ritchie - in Britain. Say, that the family has even decided to share property and to terminate marriage. A first fact is that spouses have exposed one of the most expensive and magnificent English private residences on sale.
Madonna has exposed on sale an English private residence for $24 million. The house, which, according to British newspaper The Sun, is exposed on sale for 12 million pounds sterling (24 million dollars), is located in picturesque countryside Wiltshire, manor Ashcombe. The manor has been got by star couple in 2001 for 9 million pounds (18 million dollars).
The private residence, which is settling down on the area of 2 hectares, has 8 bedrooms and 2 sports halls. Earlier pop queen spent a lot of time in it, riding horses, shooting and arranging various parties. The singer has even celebrated her 47-th birthday.
The interior of the house is made in traditional English style.
Now if the singer comes with the children to Britain, she prefers to stop in the house, which is in the western part of London, near to which the center of the Kabbalah Center is located.

Real estate market of the largest Canadian city shows positive price dynamics, unusual on a background of the general recession, spreading almost in all Northern America.
Now the standard house for one family in Vancouver costs at least 750 thousand Canadian dollars ($774 thousand). In total since 2001 till 2007 the cost of the inhabited real estate in Vancouver has grown on 120 %.
Thus if last year the rise in prices has made 11 %, this year, under forecasts of the Canadian housing agency, it will make at least 8 %.
Canadian Hypothec Crediting Association senior analysts prove that they, of course, expect some changes in the market: the prices will grow all the same and more slowly, than earlier.
Experts name a developing economy of region and the low rate of unemployment, attracting here people not only from other areas of Canada, but also from the world, as the reasons of growth.

In comparison with February parameters, the total cost of being in stage of construction real estate objects in Slovenia has grown on 10,6 %.
The annual gain, which was compared to March of the last year, has made 8,4 %. Term of money cost of habitation adjusted for a quarter, has grown on 82,2 %, concerning an average level of eight-year prescription.
All this time in Slovenia volumes of buildings construction has most confidently increased on 98 %. The works above objects of a civil infrastructure are on the second a place: the rates of construction have grown on 76,8 %.

In April prices for the real estate in Vilnius have decreased on 3,2 %, in Kaunas - on 2,9 %, in Klaipeda - on 1,4 %, in Shaulyai - on 2,2 %.
Thus in current and following year the prices for real estate in Lithuania can decrease on 20-30 %. Such forecast has been presented by senior analysts of Danske Bank in Baltic Region. They prove that now in Estonia and Latvia the prices for real estate have decreased on 10-15 %, and Lithuania “lags behind Estonia for two quarters”.
According to some politicians and analysts’ forecasts, financial crisis in Lithuania is expected in the second half of 2008. Some experts predict growth of inflation up to 17 %.
In the government of Lithuania similar messages are named as a part of pre-election campaign of opposition and declare decrease in inflation in second half of 2008.

According to the Jones Lang LaSalle experts’ estimation, in 2007, 6 million square meters of real estate objects intended for shopping centers have been realized in the Europe  - it is on one million more than in 2006.
In the East Europe the tendency is especially strongly expressed, the boom was headed by Russia: this year here it is planned to build 1 million square meters in 40 different objects.
The second place is given to Italy (0,8 million square meters), the third - to Poland (0,7 million square meters). Germany, Turkey and Spain (the last one - with some delay in comparison with rapid growth of the last years) are also very active.
The countries of the Central and South Europe are more active, than the countries Western, where a situation in construction boom is quite stable. In Western Europe the tendency to expand or redesign available areas is being observed.
Experts believe that this situation will be kept within the next 2-4 years, and most of all shopping centers will be constructed in Russia.

Activity in a segment of elite habitation recently has decreased in the Italian real estate market.

Experts connect it, first of all, with the fact that the offer in elite sector is not simply limited, but it is also very specific: new “elite” real estate objects are not built yet, and buyers should be content with old and often historical objects.

In the joint report of company Tirelli&Partner and agencies of economic researches Nomisma have given the detailed analysis of situation.

In Rome activity decrease is more brightly expressed, than in Milan. During 2007 prices for business class habitation in ancient capital have grown only on 1,6 %, while in business and vigorous Milan rise in prices has made 6,7 %.

In Milan for last two years time of transaction closing has increased since 5,3 up to 7,9 months while in Rome the transaction comes to the end for 4 months. In Rome the difference between requested and final price makes 16,8 %, and in Milan - only 3,5 % (on the average on the country, for classes habitation this parameter makes 10 %).

The most expensive purchases of last quarter 2007 were 7,225 million euro in Milan and 5,8 million euro - in Rome.