Own A House - real estate market news

According to the analytical center of real estate agency DOKI, in January, 2009, the quantity of references about purchase of the foreign real estate has increased on 32 % in comparison with January, 2008.
Earlier experts of DOKI have summed up activity of department of the foreign real estate in 2008. During 2008 constant growth of interest to the real estate objects was observed. Bulgaria and Czech Republic, share of which in total references make 25 %, became the most popular countries for clients of the agency. Transactions in these countries are made in a range of $48 - $52 thousand
The real estate of Cyprus interested 16 % of clients; the average sum of the transaction with the real estate in this country makes $320 thousand. Spain follows Cyprus on popularity. 15 % of DOKI’s clients addressed were interested in real estate of this country and the average sum of the transaction makes $210 thousand.
Preferences on other countries were distributed as follows: United Arab Emirates and the USA -12 %(the average sum of transaction makes $179 and $370 thousand accordingly) ; Turkey - 10 % (the average sum of transaction makes $120 thousand); Croatia and Montenegro - 8 % (the average sum of transaction makes $240 thousand); Egypt - 7 % (the average sum of the transaction makes $42 thousand); France and Switzerland - 3 % (the average sum of transaction makes $480 thousand); Italy - 2,5 % (the average sum of transaction makes $360 thousand); Portugal - 1,5 % (the average sum of transaction makes $200 thousand).

For the last week the value index of capital habitation has decreased more than on one percent and has made 5,927 points. It is remarkable, that such rates of decrease correspond to monthly falling approximately on 5 %, which was earlier observed only during the period after a default in 1998.
For last week cost of the cheapest apartments in Moscow has decreased on 0,6 % and has made $5,515 thousand for sq. meter. The price for the modern apartments has lost 1,8 % ($5,796 thousand for sq. meter).

Bank Uralsib is the first of Russian banks, which is measured to address for subordinated credits, has decided to increase its authorized capital due to real estate.
Bank’s shareholders have made a decision on increase in the authorized capital of bank at RUR 6,2 billion by accommodation of additional emission of shares among operating shareholders. Thus the most part of placed securities (RUR 4,69 billion) will be paid not by money, and real estate.
In exchange for shares Joint-Stock Company “Business centre” Uralsib”" will transfer bank office building (Efremova str., 8). The main office of financial corporation “Uralsib” with the same bank also settles down here now.
The opportunity of escalating of the capital of bank due to real estate is stipulated by the Russian legislation, now 20 % of the authorized capital of bank can be paid due to the real estate.

Russian center of studying of public opinion has submitted data on economic results of year in estimations of Russians: it is said about what Russians citizens think about financial crisis and prospects of Russia as prefer to store savings.
In terms of crisis interest of Russians to the real estate as to means of preservation of savings falls. It remains in the most reliable way of an investment of money (41 % of Russians think so), but for last month its popularity has fallen (on 48 %). purchase of gold and jewelry is on the second place (17 %) - in November 21 % of Russians this way considered reliable.
Further such ways, as purchase and storage of a foreign currency (6 %), purchase of enterprises shares, contributions to pension funds (on 4 %) follow. Only 2 % of Russians prefer opening account in commercial bank, and 1 % - contributions to share investment funds.

For last week during from December, 14th, till December, 20th situation in the market of hypothec crediting in the most demanded segment of the market (purchase of apartment, rubles) was stabilized.
For the first time for some last months the average rate under the best hypothec programs has ceased to grow, having reached the maximal mark in 17,4 %. It became known on results of data processing of base of hypothec programs IPEX, which is conducted by the company.
The same tendency was outlined in the policy of banks in relation to borrowers - to owners of business, whose income can be confirmed by the accounting reporting. Here the rate has reached a mark in 19,7 %, which also remains constant.