The largest swindle in of the real estate sphere has been finally disclosed
Written on 10 June 2008 by infoIn Moscow the man and the woman, suspected in deceive of 250 00 people, have been detained - so many people consider them victims of financial pyramid “Region-center”, “Guarant-Invest”, “Guarant-Credit” - the firm had some names. All these people have invested $75 million into the company.
Chairman of board of firm “Region-center” Mamira Dzhasybaeva promised shareholders unknown - up to 90 % annual - incomes. According to her promises the money ought to come from construction of cottages, factories and other objects in regions.
According to the most conservative estimations Dzhasybaeva and her business partner Vladimir Sokolov gained about 18 billion rubles. Trustful citizens gave their money on opening of unique dairy factory and then - on construction of a housing estate.
Having collected the capital in one region, the firm changed a signboard and moved into another one.
Experts predict fall in prices for real estate in Croatia
Written on 8 June 2008 by infoAnalysts of CR Consulting Company have come to conclusion that now in Croatia there is a process of updating of the prices.
General Director of the company Alexander Gorbunov has noted that in Croatia the prices have slowed down or have stopped the growth, so, in the long term it is possible to expect falling of cost of the overestimated real estate. And it is somewhere 60-70 % of objects at coast of Croatia.
From May, 2007, till May 2008 at Coast of Adriactic Sea prices for the real estate have grown on the average on 7 %. In the most active market of Croatia - in Zagreb - the prices practically do not grow since last summer.
Experts mark that the price fever has left Croatia and now it has gone over to Montenegro.
Rating agencies have avoided punishment for hypothec crisis in the USA
Written on 5 June 2008 by infoMoody’s, Standard & Poor’s and Fitch Ratings are going to enter into the agreement with Office of Public Prosecutor of state New York, which is already for some months investigating the role of rating agencies in the American hypothec crisis.
The Office of Public Prosecutor is ready to stop investigation concerning Moody’s, Standard & Poor’s, Fitch Ratings and their roles in hypothec crisis.
In exchange for it rating agencies should within six months change system of collection of commission fee from securities’ emitters. Basically it is a question of the structural tools concerning the hypothec market. The market of rating such papers is estimated in $5 billion.
According to the agreement with Office of Public Prosecutor, agencies will receive higher payment from emitters for the preliminary analysis of a preparing issue of securities even if this analysis will be not the most favorable for the emitter.
It is also supposed, that reform will make process of a choice of the most favorable agency so expensive for emitters that they will refuse from these practice.
Besides, according to the agreement the agencies are undertaking to open quarterly the size of the commission fee, received for assignment of ratings on hypothec securities.
Representatives Moody’s, Standard & Poor’s and Fitch Ratings have declared, that will not make comments on situation yet.
Forthcoming sales of houses in the USA have decreased on 1 %
Written on 2 June 2008 by infoIn March, 2008, the volume of forthcoming sales of houses in the USA has decreased on 1 %. On it the report of Realtors’ national association testifies.
In February, 2008, this parameter on the reconsidered data has decreased on 2,8 %, whereas it was originally informed on decrease on 1,9 %.
Usually the forthcoming sales are those sales, on which the contract is signed, but the transaction is not completed yet. Usually sale is carried out within one-two months after the signing of the contract.
The index of forthcoming sales counted by Association in March, 2008, has decreased to 83 items, against the reconsidered value in 83,8 items, fixed in February. Earlier it was informed, that in January value of index has made 84,6 items.
The analysts expected that the index would decrease on 1 %.
Prices for apartments in Moscow: last data
Written on 30 May 2008 by infoLast week experts from the analytical center “Real estate market indicators” have once again has confirmed that with approach of May the rise in prices on the real estate in Moscow continues to slow down.
So, the gain of the Moscow value index of the habitation, has made 0,7 % and it cant be compared with rates of a rise in price of the apartments, which took place within the first months of this year.
Thus, analysts mark, present increase of cost of square meter has in many respects residual character, which it is naturally enough for the inert real estate market. Experience of stagnation in 2004, which has also started to develop after May holidays, show that the residual rise in prices can be prolonged up to the end of June - the beginning of July, however it in many respects will be already formal increase of price lists by sellers.
According to the analytical center, for the last week cost of the “bad” panel apartment in Moscow has grown on 0,8 % and has made $5,302 thousand for one square meter. The price for the modern panel has increased on 0,5 % ($5,512 thousand for one square meter). The modern monolith-brick apartments have risen in price on 0,9 % up to $5,961 thousand for one square meter.
Real estate in Iran promptly rises in price
Written on 29 May 2008 by infoFrom the last presidential elections (when Mahmoud Ahmadinejad has become the President of the country) the real market estate of Iran has started to develop.
The prices for real estate have grown on 50 % in 2005 and on 65 % in 2006 and on 100 % - in 2007. Some economists predict, that the market will develop with prompt rates and further.
Annually 1 million potential buyers of habitation appear in the real estate market of Iran, while the country can enter no more than 600 thousand new houses a year. Thus, according to politician Mohammed Hoshchehreh, shortage in 1,6 million houses is observed in Iran.
The huge role in boom in the local market is played with inflow of the foreign capital, which volumes have increased after Iran for the first time has collided with United Nations’ sanctions in 2006. Receipt of means occurs due to Iranians, living abroad.
Now cost of one square meter of habitation in the country varies from $2 thousand up to $20 thousand.
Farms promptly rise in price in New Zealand
Written on 26 May 2008 by infoWhile the market of city real estate of New Zealand experiences crisis, the prices for farms are promptly growing.
New Zealand Institute of the real estate has informed on the record average price appointed for farms, - more than $1,8 million for the farm. It more than on 50 % exceeds the cost of the given objects of the real estate for the similar period of the last year.
Experts prove that farms are a “safe harbor” for investors in days of economy deterioration and uneasy situation in the city real estate market.
In turn, New Zealand rural communities hasten to gain from the developed situation.
The biggest in the Europe Park will be opened in June
Written on 24 May 2008 by infoNational park Vatnajokull, which opening is planned on June, will take the territory of more than 3 million acres and will occupy 13 % of territory of Iceland.
The park will unite all the variety of Icelandic nature: it will consist of high-mountainous plateaus, volcanoes, streams, gorges, sandy plains, the rivers, lakes. The most interesting sights will be represented with mighty falls Detifoss, the most extensive European glacier Vatnajokull and seven volcanoes.
In territory of park hotel centers, tourist bases are being constructed, foot routes are being arranged.
The status of national park will help to save Vatnajokull from pollution and building. It is supposed, that more than 40 thousand tourists will annually visit the park.
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.
