According to Realtors National Association, prices for houses in California (USA) have decreased on 41 % in comparison with a level, fixed in 2008.
So, the average price of the constructed house for one family in California has decreased to $247,59 thousand in February, 2009. In the beginning of 2008 the house in California cost about $418,26 thousand.
In Santa Barbara – district with the most expensive real estate in California – the average price of one-family house made $715 thousand (-45 % in comparison with 2008).
Number of demands for hypothec credit in the USA has grown for a week due to the decreased cost of loan.
The index of Mortgage Bankers Association, which is showing number of the submitted demands for reception of the mortgage or refinancing of the hypothec credit, has grown for a week on 5,6 %, which makes 527.
Last week value of index has made 499 points.
BNP Paribas Real Estate became the leader among real estate agencies of Europe.
Company BNP Paribas Real Estate has headed a rating of real estate agencies of Europe, which annually published by the leading British edition Property Week. The company has taken of the fifth position in world rating.
The rating of magazine Property Week recognized as most authoritative in sphere of the real estate, it is based on indicators of annual turnover of leading international real estate agencies and consulting companies. BNP Paribas Real Estate 2008 has finished financial year with the total income in EUR 665 million.
Alania is a place, where you can leave interesting and adventurous life, without dependence from preferences. The city is not so great – its population makes about 110 thousand people. But it is not also small. It is an international city, where almost 10 % of all population is presented with constantly living foreigners, European countries citizens.
Having visited Alania, you will take pleasure in a tart bouquet of east hospitality in combination with exclusive opportunities for rest and comfortable life. Alania reminds of Monte-Carlo in miniature. And prices for the real estate here are also «in miniature» in comparison to European resorts.
Today you can become the owner of apartments in modern complex in 50 meters from well-known Cleopatra’s beach, having spent from €85 thousand for 1 bedroom apartment or €100-150 thousand – for two-or three-bedrooms apartments of the highest level with furnish from the natural marble, built in kitchen furniture, conditioners, and tremendous sea view.
Having gone a little far away from coast line (no more than five minutes of walking) you can also lodge in one of local complexes. Apartments with two bedrooms will manage you in €50-100 thousand. If you see comfortable life only in own country house, this dream can come true only for €230 thousand in elite complex with tremendous Cleopatra’s beach, mountains and sea view.
Payment conditions will please you with the flexibility: the interest-free payment by installments for ready objects, and bank credit (about 7 % annual) are also offered.
Well-known Hollywood actor Leonardo DiCaprio managed to sell his Malibu residence. Sale cost is not informed, however it is known, that the required price made $7,999 million.
The object includes the house with two bedrooms and two bathrooms; the total area of the villa makes 220 square meters, and also the guest house and garage on four cars. From the big panoramic windows ocean view opens. Villa has also private beach.
In 2007 DiCaprio has bought villa for $6,35 million, andÂ the actor has decided to sale it in November, 2008.
This year the 34-year-old actor three times nominated for the award Oscar, has played the next leading role in Martin Scorsese’s new movie Shutter Island.
Number of empty habitation in Dubai can double by the end of 2010.
UBS analysts prove that the number of empty houses can sharply grow – from today’s 15 % to 30 % of all housing market by the end of next year.
Real estate market of Dubai is stronger than others has suffered from world financial crisis. According to Deutsche Bankâ€™s report prices for habitation in Emirates have already fallen on 50 % and can decrease on 20 % this year.
Crisis in the US housing market has affected Britney Spears. Nobody wants to buy Britneyâ€™s house in Los Angeles, which the star has exposed on sale. Spears has even decided to reduce the price.
Pop star has bought the house in Beverly Hills for Â£4,7 million in 2007, but in September, 2008, Britney has exposed it on sale.
The singer hoped to sell the house for Â£5,3 million, but she has had to reduce the price for Â£533 thousand. Now the house price makes Â£4,3 million pounds. So, Britney is losing Â£400 thousand.
Now the singer rents more spacious house in the Californian small town Calabasas.
In May prices for houses in New Zealand have decreased on the 2009 minimum level.
According to experts, delay of rates of falling of the prices shows that the real estate market of the country will soon recover and will help economy to struggle crisis.
According to national appraiser Quotable Value New Zealand Ltd., in May average prices for houses have fallen on 8,1 % in comparison with last year. Bloomberg proves it is the most insignificant falling since December, 2008.
World’s largest retail network Wal-Mart Stores Inc. has opened the first supermarket in India. This and subsequent supermarkets Wal-Mart will belong to company Bharti Wal-Mart Private Ltd., which is a joint venture of Wal-Mart and its Indian partner Bharti Enterprises.
Within the next 3 years the company plans to open from 10 to 15 supermarkets, thus having hired more than 5 thousand employees.
Wal-Mart – is world’s largest retail network, which includes 6 thousand 782 shops in 14 countries.Â Hypermarkets and the supermarkets, selling the food and industrial goods, are among them. The total number of the personnel of the company makes 1,6 million persons.
During 2008-2009 net profit of Wal-Mart Stores Inc. has made $13,4 billion, the company gain for the accounting period has made $405,6 billion.
In March falling of cost of habitation in 20 largest USA cities has exceeded forecasts. According to data of index S&P/Case-Shiller, reduction of prices has made 18,7 % in comparison with March, 2008. Bloomberg analysts predicted average reduction of real estate price index on 18,3 %.
Most of all the prices have fallen in the Phoenix, Las Vegas and San Francisco.
Experts have noticed that the record number of deprivations of the property rights promotes falling of the prices for habitation and makes it more accessible.
In this connection rates of sales reduction are slowed down, and, probably, it will allow stabilising them.
In March Habitation cost in the USA has decreased on 2,2 % in comparison with February, 2009. In I quarter of 2009 prices have fallen on 19,1 % in comparison with the similar period of 2008 and it is the maximum decrease from the beginning of tracing of these data in 2001.
Meanwhile sales in the secondary market of habitation in the USA have grown in April on 2 % in annual calculation and have reached 4,66 million houses. Such forecast was published by agency Bloomberg. In MarchÂ 4,57 million houses were sold.