Own A House - real estate market news

In Italy sales volumes of habitation decrease

admin — Mon, 25 Aug 2008 09:17:56 +0000

In Italy attributes of recession of the market of the real estate are officially fixed. They were promulgated in the July report of ground cadastre of Italy Agenzia del Territorio.
In 2007 the sales volume of habitation in the country has decreased on 4,7 % in comparison with the last year. The greatest recession was observed in administrative centers of provinces - in Milan it has made 11,8 %, in Palermo - 12,4 %, and in Naples - 16,2 %.
Also for the first time since 2000 falling of the market in small communes, which is a parameter that the branch is under threat of crisis, has been noted. Falling of a sales volume is accompanied with growth of number of offers. Especially there are too much offers in the north of the country - in regions Veneto, Romania and Lombardy.
Despite of falling of a sales volume, the price continued to grow during 2007. Before it in 2006 prices have risen on 6,1 %: average cost of one square meter in the country has made 1,536 thousand euro.

In capital of Romania the habitation becomes cheaper

admin — Mon, 18 Aug 2008 09:17:15 +0000

According to company MagazinuldeCase, in July average cost of apartments in the secondary market of habitation in Bucharest has decreased on 3 % in comparison with the last month and on the whole of 13 % - in comparison with January.
According to MagazinuldeCase’ report, in July the average price of houses in capital of Romania made 113,628 thousand euro. For comparison, in June it was equaled to 116,999 thousand euro, in January - 119,901 thousand euro.
Also the cost of a rent and if in June it reached 616,9 euros a month in July has fallen up to 594,8 euros has decreased. Rent of three-and four-room apartments has fallen in price on 11 % - up to 894 euros.
In total in July in the secondary real estate market about 3,178 thousand apartments has been sold - it is on 3 % less, than in June.

Morgan Stanley: habitation in Dubai will soon fall in price

admin — Sun, 10 Aug 2008 18:13:50 +0000

From the beginning of 2007 prices for real estate in Dubai have grown on 79 % and by 2010, most likely, will fall to 10 % as the offer in the market today considerably exceeds the demand.
Such forecast has been made by investing bank Morgan Stanley. In the report of bank it is spoken, that sharper correction of Emirates real estate sector can render wave effect on neighbors across the Near East, and stock quotes of 12 regional companies of the real estate will decrease on the average on 35 %.
Under the worst script, the prices for the real estate in Dubai will follow in the steps of Singapore. We shall remind that there in the end of 90th years prices have fallen on 80 % within one year.
In the first half-year of 2008 prices for habitation in the Emirates have grown on 25 % and it was promoted by such factors as demand, gamble and growth of cost of construction. In 2009, under forecasts of bank, prices will start to feel pressure of surplus of the offer and by 2010 can already decrease on 10 %.

Germans buy offices in Australia

admin — Tue, 05 Aug 2008 20:36:15 +0000

Germans buy offices in Australia

Six German real estate funds are going to buy offices in east part of Australia for the sum of $1 billion.

Funds can already come to the agreement within the nearest weeks. It is supposed to spend for each object from $50 million up to $200 million. Management of German investment company Real IS has come to the decision on purchase of office skyscraper, located in the western part of Sydney. Cost of the transaction is estimated in $104,5 million

Actives of company Real IS in Australia total $500 million

First townhouses for large families will be constructed in the southwest of Moscow

admin — Sat, 26 Jul 2008 20:57:55 +0000

First townhouses for large capital families will be constructed in village Zaharino, which is in the southwest of Moscow.

As it has become known, some apartment houses for large families will be placed on a site by the area of 1,77 hectares, and the total area of under construction objects will make 7,7 thousand square meters.

The site of building is located in 300 meters from the architecture monument - a temple of the Sign of Icon Mother in Zaharino and near to the landscape gardening art monument “Manor Zaharino-Znamenskoe”.

In total in 2008 in Moscow construction of 190 cottages for large families is planned.

Americans continue to lose houses

admin — Sun, 20 Jul 2008 20:57:26 +0000

For the first half-year of 2008 the quantity of the houses, taken for debts, in cost $1 million only in area of Dallas (state of Texas) has increased more than twice in comparison with the last year.
It means that for the given period of time every 59 proprietor of habitation has lost the house. The quantity of taken houses, estimated in $500-999 thousand, has increased on 53 %.
The majority of taken houses exposed on the tenders are in a low or average price range. 83 % of all taken houses are estimated less than in $200 thousand.
Average cost of the house taken for debts, has made $140 thousand whereas 10 years ago it made $70 thousand.

Rent of offices rises in price in Tel Aviv

admin — Thu, 17 Jul 2008 20:56:43 +0000

Cost of rent of offices in the Israeli capital has risen on 18 % in comparison with summer, 2007.
Experts predict that the prices for short-term rent of offices will grow; especially it concerns the small areas. In 2009, commissioning of new objects will promote reduction of cost of rent.
Recession in the USA has not affected demand in the Israeli real estate market of office though some international companies have refused expansion of the area of their offices.

Country with the happiest population

admin — Sat, 12 Jul 2008 20:56:02 +0000

The group of sociologists has come to conclusion, that in Denmark people feel themselves more happily, than in any other country. The most unfortunate people live in Zimbabwe.

The majority of the postSoviet countries have appeared in the end of the list from 97 countries. So, Russia occupies 88th place in the list, and Georgia is on the 89th place - these countries have the same identical negative result-1,01.

Ukraine, Belarus, Moldova and the Armenia are following Georgia, and have settled down in such order directly ahead of Zimbabwe - the country which has appeared on the last, 97th place.

Above Estonia such countries as Rwanda, Pakistan and Ethiopia have settled down. Kirghizia (1,59) and Azerbaijan - 0,13 are the only postSoviet countries with positive rating.

At Denmark the index of happiness has made 4,24. At once for it in the top part of the list Colombia, Iceland and Northern Ireland and Puerto Rico follow. The USA have borrowed 16th place.

Since 1981 global network of sociologists World Values Survey carries out interrogations in the different countries of the world. Within the limits of the present research respondents answered two questions: whether they consider them very happy, happy enough, not so happy or completely not happy and how much they are satisfied with life. In general sociologists have interrogated 350 thousand people.

Gianfranco Ferre conquers real estate market

admin — Sun, 29 Jun 2008 16:55:27 +0000

Italian fashionable house Gianfranco Ferre and company Galadari Investment Office (GIO) will construct in Dubai a magnificent skyscraper for 1,2 billion dollars. The height of skyscraper will make at least 60 floors.

The building will refer to Stresa and will become the inhabited and commercial premises. The termination of construction is expected in last quarter 2011.

Company GIO will borrow in civil work, and also will operate a building after its construction. House Ferre, which founder has suddenly died last years, will incur the responsibility for registration of skyscraper’s interior.

agreement on cooperation between the companies, signed, on June, 25th, the will allow the House to receive profit at least in 23 million dollars, and also to have on 10 % from cost of the real estate sold in a skyscraper.

Ferre mass-media representatives have told that the skyscraper has been named Stresa in honor of city, which the architect Ferre loved so much.

Designer Gianfranco Ferre has died in June of the last year of a hemorrhage in a brain. He has been named “architect” of the Italian fashion not only for its formation, but also for firm suits and blouses in strict, official style.

The most expensive apartment is sold in Asia

admin — Wed, 18 Jun 2008 20:02:53 +0000

In the complex “Arch” located in the Hong Kong area Kowloon, the apartment (551 square meters) has been sold for 225 million Hong Kong dollars ($28,8 million).
Thus, the price of one square meter of penthouse with private pool, which is on 80 floor of the complex, has exceeded 400 thousand Hong Kong dollars.
The sum, which was paid for an apartment has broken the previous record, established in November of the last year, when cost of one meter of larger on the sizes of apartments has made nearby 390 thousand Hong Kong dollars.
The inhabited complex “Arch” is beside with under construction office tower International Commerce Centre.