Real Estate late recovery

HSBC shower reviving hopes of a resumption of the property market, in a study published Monday, November 23. The bank places particular emphasis on the creditworthiness of households, expected to decline again in 2010 and slow home sales.
"The demand for more housing hasten the polar bears in 2010, would halt the rising prices in new and limit the catch-up in prices in the former. It is still early to talk of recovery," says the study. "The creditworthiness of households is expected to decline again after rising nearly 7% on average in 2009, thus limiting the sales of new homes as transactions in the former in 2010," says Mathilde Lemoine, Director of Economic Studies HSBC France. "The rise in prices in the new one will affect the solvency of households when their incomes will stagnate in connection with the rise of unemployment" is expected to rise "up to 11.4% end 2010 against 10.4% in the fourth quarter 2009, "says she. And "the only increase in unemployment would lead to lower average house prices by 2% in 2010. Prices should go up "after the peak of unemployment has been reached.
Resumed in Paris for the Fnaim

Room Paris-Ile de France of the National Federation of Real Estate (Fnaim) wants it, optimistic about the future of the housing market in 2010. According to a study released Thursday, the price of existing housing and the number of transactions expected to increase slightly in 2010 compared to 2009. "The price stability after the first six months of the year, should record a slight increase during the second half of 2010," said its chairman Marcel Ricard.
The average price of existing homes in France grew 0.6% in October after remaining unchanged the previous month, according to the Federation. Prices of apartments rose by 0.4% on average and those houses by 0.9%, bringing their decline over the three months to -0.3% and -1.2% respectively. In the last 12 months, the price of apartments fell by 6.4% and those houses by 7.7%, an overall decrease of 7.1%.