Elite houses in the USA promptly become cheaper
Written on 22 May 2008 by infoBoth real estate sellers and buyers start to realize that the American credit crisis has not bypassed elite real estate objects.
During the research, lead by publishing house American Express Publishing together with the consulting firm Harrison Group, it was found out, that the majority of solvent Americans, whose revenue starts from $1,35 million, are sure that this year will be extremely successful for them by way of purchase in the property of new objects of the inhabited real estate.
The validity more and more corresponds to their expectations. For example, private residence Maison de L’Amitie in the Palm the Scourge (Florida), which is belonging to the well-known Donald Tramp, two years ago, has been exposed on sale for $125 million. In March of this year Tramp, not having found the buyer, has reduced the price on $25 million
It is the greatest price-cut from not connected with procedure of bankruptcy in world history.
Data about real estate construction in the USA inspire the constrained optimism
Written on 16 May 2008 by infoIn April, 2008, volume of new houses construction in the USA has grown on 8,2 % in comparison with the last month - up to 1,03 million units. Such data results in the report the Ministry of Trade of the USA. Experts predicted that this parameter would make 940 thousand units.
Parameter of April, 2008, n comparison with a parameter for April, 2007, has decreased on 30,6 %. Thus, on the reconsidered data, the volume of construction of new houses in the USA in March of current year has reduced to 13,8 % (earlier it was informed, that falling made 11,9 %).
Thus number of the sanctions, which have been given out on construction new at home, in April, 2008, has grown on 4,9 % in comparison with the last month - up to 978 thousand units.
It is necessary to note, that the data, published by the Ministry of Trade, have pleasantly surprised analysts and participants of the market.
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.
