Own A House - real estate market news

Last week Nicolas Sarkozy, President of France, has told about the plans on financing of the grandiose project of transport and social infrastructure reconstruction of Paris.
According to the project, which assumes construction of new line of the underground and other transport networks, and also construction of 70 000 objects of the inhabited real estate in a year.
Works on the project are to be started in 2012 and finished within 10 years. According to Sarkozy, the project, which has received the name “Big Paris” (by analogy to “Big London”), will become a good answer to economic crisis.

New York has been based as trading settlement Dutch East India Company in 1624: Manhattan was then bought at Indians, living on the island. Till 1664 the settlement was called as New Amsterdam, then the colony has passed to British, and the city has received the modern name. Since 1790 it has become already the biggest city of the country.
Gone through much for the history, New York is, certainly, the most popular city of the USA. As though confirming the idea of modern Babylon, New York citizens speak in 170 languages. Perhaps, thanks to mixture of different national cultures many modern trends, such as an abstract expressionism in painting, hip-hop, salsa and disco have appeared.
However, Wall Street and Financial District with their stock exchanges and other financial enterprises and prices for real estate is the main thing on which cities well-being depends. Here indexes, defining health both of New York, and prices for real estate are calculated: NYSE, NASDAQ, AMEX, NYMEX and NYBOT.
The bank capital of the world where enormous oil capitals and money resources from other sources address, necessarily corresponds to the highest standards: New York - is one of the most expensive cities of the world. While all America sustains notable losses in the real estate market, here rise in prices is observed.
We will cite as an example of small, 37 sq. m flat on Manhattan, in the neighborhood with well-known Central Park: in 2003 it cost EU299 070, in 2008 - EU 482 000 (the prices are resulted taking into account a course difference between currencies in 2003 and in 2009).

In connection with release of considerable volumes of the new warehouses in 2008, dynamics of warehouse market development has gradually slowed down. This tendency has amplified under the influence of the general economic recession in the country and design financing reduction.
Decrease in economic activity practically in all branches, begun in second half of 2008, has made clients to revise the plans concerning warehouse areas rent.
Falling of volumes of manufacture and retail goods turnover has caused reduction of demand for warehouse. Unlike trading and office real estate market, warehouse market was the least speculative, that has allowed it to face economic crisis successfully.
In 2008, as well as earlier, termination dates of building of many warehouse complexes were postponed for later period. By the end of year developers finished only high stage of readiness objects, not beginning construction of new ones.
Warehouse real estate development loses its attractiveness because of consumption reduction.
By the end of the first half of the year quantity of the got ground areas, suitable for warehouse complexes development, has decreased, however, interest of developers to purchase of front sites along the basic transport highways round Kiev has remained the same.
Since the last quarter of 2008, readiness of warehouses owners to sign short-term contracts of rent was observed.

Ex-participant of pop group Spice Girls Melanie Janine Brown has decided to sell her private residence in Los Angeles area of Hollywood hills for $2,999 million.
The house has four bedrooms and four bathrooms; the total area of the house makes 323 sq. meters. The house has also hydrochloric pool, spa and three artificial waterfalls.
The singer has not explained why she has decided to sell the house, bought in 2007.

Morgan Stanley, one of the largest US banks has practically finished formation of investments fund and it is going to buy some real estate objects for $6 billion.
The volume of Morgan Stanley Real Estate Fund VII Global, which will be engaged in investments into the real estate worldwide, will make $10 billion.
In the Russian real estate market Morgan Stanley has already made some loud acquisitions: the bank owns share holdings of such companies, as RGI International and RBI.

In February sales of new houses in the USA have grown, despite of expectations of analysts.
According to the Ministry of Trade, sales have grown on 4,7 % up to 337 thousand houses in annual calculation (in January this parameter made 322 thousand houses).
In February the average price of sale of new houses has decreased on 18 % in comparison with a level, fixed in 2008.

GVA Sawyer together with English Institute of financial analysts (IFA) starts the program of improvement of professional skills for the Russian real estate experts.
The president of company GVA Sawyer has told that the Russian experts will have a unique opportunity to improve their qualification in English Institute of financial analysts (IFA) without additional expenses for training abroad.
As it has become known the program is worked out for all participants of the real estate market - financial managers of the industrial companies, top-managers of the companies, working in the real estate market.
Let’s remind that the group of companies GVA Sawyer operates in Russian and CIS real estate markets since 1993, giving a full spectrum of services in various segments of the real estate market.

Finnish retailer Stockmann will postpone or will cancel many of the planned investments as it wishes to receive high profit in 2009 in terms of consumers’ low trust.
Stockmann has informed on the beginning of realization of the economy program, aimed at reduction of annual expenses (EU 28 million).
The company will finish two current key investments - opening of new shops in Helsinki and construction of new shop in St.-Petersburg, but the company will freeze the most part of other investments in order to keep total investments at level of EU 150 million.

Company Placon Property Management offers to rent office premises in the second turn of business centre Barklay Plaza, which is in the west of Moscow.
The Business centre is located in the west of Moscow not far from the Kutuzovsky prospectus. In connection with crisis the majority of the large companies, such as Mirax, renting offices in a building, have essentially reduced quantity of the occupied areas. Therefore in a building there are free offices with high-quality level of furnish.
Cost of rent of premises in business centre Barklay Plaza makes $500 for sq. meter, including all expenses and VAT.

Today in Cannes world’s largest real estate exhibition MIPIM opens. However, this year 30% less participants will arrive, and MIPIM’s incomes will decrease at least on 16 %.
As it has become known, about 5,5 thousand companies from 80 countries took part in MIIM. Last year this parameter made about 8,4 thousand companies from 86 countries. It is connected with crisis influence; a lot of refusals have been sent from Russian companies.
This year 230 Russian companies will take part in an exhibition (it is on 57% less in comparison with previous year).