The index of hypothec crediting has sharply grown in the USA
Written on 11 May 2008 by infoThe index of submission of applications for hypothec credits in the USA has sharply grown last week. Savings and Loan Association has informed on it.
Within the week the index of Mortgage Bankers Association, which has come to the end on May, 2nd, has grown (in view of seasonal fluctuations) on 15,6 % up to 655,4 items.
The cost of 30-year hypothec credits with the fixed rate has decreased on 0,1 percentage items up to 5,91 % annually.
The real estate on Cyprus continues to rise in price
Written on 11 May 2008 by infoDespite of world crisis, during the first quarter of 2008 the cost of the real estate on Cyprus has increased on 3,3 %.
The given gain, despite of periodic complexities, has steadily proceeded during all accounting period. So, consequences of small recession (about 1,9 %) in December almost at once have been blocked by growth in January (3,6 %) and February (1 %).
As a result, in comparison with the first quarter of 2007, the prices have risen on 20 %.
The average price of a private apartment house for Cyprus now makes about 191,216 thousand euro.
Prince Charles will reconstruct London Chinatown
Written on 6 May 2008 by infoBritish throne successor has tough up the project, which can seriously change shape of one of the most picturesque areas of London.
In result of this project realization well-known Chinatown should become “more-British”, having combined the Chinese roots of inhabitants of area with traditional local architecture.
According to the project wooden arches and stone dragons beside will be established. Also traditional Chinese plants will be planted there; pagodas and covered galleries will be arranged.
Thus it is emphasized, that the aforesaid project will not make area too “sterile”, and it, thus, will not lose the special atmosphere.
Inhabitants mark, that not only Welsh prince’s interest to town-planning can be hidden in this project; political motives are not also excluded. It is known, that Charles consistently criticizes China for human rights’ infringement and on a regular basis takes displeasing official Peking steps.
The number of free houses in the USA has reached a record level
Written on 3 May 2008 by infoThe number of free houses in the USA has grown up to a record level in the first quarter of 2008 as to proprietors of houses all becomes more difficult to find buyers.
According to the US Census Bureau, the quantity of empty houses has grown up to 2,9 % from January till March, increasing the third quarter successively.
Last quarter the last year the share of empty houses made 2,8 %, for the first time this level has been reached year earlier. Census Bureau representatives name last increase “statistically insignificant”.
However, the total number of free houses has reached 18,6 million and it has become the record level.
Analysts consider that it is not necessary to wait for improvements in the market prior to the beginning of 2009, when surplus of not sold houses will be stabilized.
Russian oligarchs deprive with the Hollywood stars of elite habitation
Written on 28 April 2008 by infoReal shout SOS! has sounded from lips of the star inhabitant of London - well-known Hollywood director Guy Ritchie, according to whom, Russian businessmen have deprived with British of opportunity to have worthy habitation.
If you wish to buy a small house, for example, within the limits of London forget that you we shall get it at market cost if the same house will be chosen by Russian oligarch. In struggle for cozy and prestigious habitation in Foggy Albion the Russian businessmen arrange real wars, using money as a weapon. Guess, who wins?
The well-known Hollywood director and the husband of Madonna Guy Ritchie owning, by the way, six objects of the elite real estate, one of which is estimated in 14 million dollars, has complained that recently it became practically impossible to get the house within the limits of capital of Britain, as the prices have flied up to impropriety. In Guy Ritchie’s opinion, London real estate enjoys huge popularity among Russian oligarchs. Their manner of business dealing is unique: on everything, that they yet do not own, they, being at war for a subject of desire, increase the price twice. If something is on sale for 500 thousand pounds, they will buy it for one million. Everyone, who tried to buy the house in London, knows, that it cannot be made, if they in a pocket do not have at least 10 million pounds.
Real estate in Bulgaria sharply rises in price
Written on 25 April 2008 by infoAccording to National statistical institute of Bulgaria, the prices for real estate in the country in the first quarter 2008 have grown on 7 %.
The average price of square meter of habitation in the country has reached 1,3 thousand euro. In 2007 this figure made 737 euros for one square meter, in 2006 - 624 euros.
The highest prices are being fixed in Sofia, the capital of the country, and in the resort city of Varna. The rise in prices is promoted by stable demand for habitation from solvent buyers and the insufficient offer.
It is expected, that by the end of 2008 of the price for habitation in Sofia will grow on 20 % in annual calculation.
Germany remains to one of the best countries for investments
Written on 24 April 2008 by infoGermany remains one of the safest countries in the world for investments into the real estate, despite of proceeding credit crisis.
According to company David Stanley Redfern (DSR), Berlin uses special popularity among the investors.
So, according to research of the market of habitation of the city, lead in 2008, rates of a rent grow in each area of city, n six areas from 12, rates of growth continue to increase.
Now about 82 % of the townspeople live in rented habitation. Thus the control from city authorities means, that profitableness of the rented real estate makes no more than 5 %.
New York: elite habitation promptly rises in price
Written on 24 April 2008 by infoDespite of economic recession in the USA, the prices for the real estate in Manhattan have grown on 41 % in the first quarter of this year.
According to Association of agents of the real estate of New York Real Estate Board of New York, demand for habitation of “lux” class in New York remains high. On the average the private apartment house on Manhattan costs $1,6 million, in comparison with $1,1 million in the past to year.
Meanwhile, in other areas of New York prices for the real estate have gone on recession.
On the average cost of habitation in city has risen on 28 %, basically owing to Manhattan, where they have grown on 3 % in comparison with the last year.
Slow prices’ reduction has begun
Written on 21 April 2008 by infoDuring all April experts of the company Agent 002 have been observing decrease in growth of cost of square meter on all segments. On their data, the market of new buildings already for the second week continues to show slow depreciation of square meter in the economy class segment, on the average on 0,4 % successively.
However, on last week’s results the average price of square meter in the secondary market of Moscow has grown on 0,6 %, having added $33 more. Now cost of square meter is fixed at the level of $5467 per one square meter.
As to new buildings, on results of a week the price of square meter in economy class segment makes $3860, in business class segment - $6546. Cost of square meter of the elite real estate has grown on 1,4 % that makes $16 686. The offer in business class segment has a little increased and makes 932 objects. Considerably decrease in the offer was observed on elite apartments - 6,3 % (952 objects).
Experts mark that the price for apartments in Moscow suburbs continue to grow: the price for one square meter has risen in price on 1,3 % in the secondary market and on 1,4 % in new buildings segment.
British builders are accused of price arrangement
Written on 19 April 2008 by infoAbout hundred civil engineering firms in the Great Britain are accused of swindle at reception of contracts on construction both in private and state sectors. These infringements have managed to tax bearers in millions pounds sterling.
Charges have been put forward after lead by antimonopoly body of the Great Britain (Office of Fair Trading, OFT) investigations in result of which it has been revealed that 112 firms, among which such building giants as Balfour Beatty and Carillion are, have entered cartel arrangement according to which they overestimated cost of civil work at reception of contracts.
During investigation 240 cases, when firms entered arrangement for rising prices during tenders, has been revealed. A part of firms, as OFT declares, have agreed on “compensatory payments” to the suffered customers, who can give accounts.
The firms which have got into the “cartel” list have 30 days to deny charges. All cartels’-members will be fined for the sum up to 10 % from annual turnover. Penalties for the firms cooperating with OFT on this business will be reduced.
