According to a study published by Bloomberg News, the latest indicators look a real let U.S. housing market recovering.
On the construction market economists predict for the month of September 2009 an annual rate of 610 000 units of construction, the highest figure since November 2008. Building permits are also increasing at an annual rate of 590 000 units.
Moreover, facing the fear of relapse, the Central Bank of the United States intends to maintain its low interest rates.
A rise in the real estate index and Wells Fargo would be expected, he should spend 19 to 20 according to economists.
dimanche 8 novembre 2009
U.S. : A real estate magnate bought the house Madoff
Steven Roth, a real estate magnate U.S. have bought the house of Bernard Madoff on Long Island for $ 9.4 million (6.3 million), nearly 6% more than its asking price according to an article in The Wall Street Journal. This house with 4 rooms located on the beach in an area frequented by the rich and famous, had been put on sale in September.
Bernard Madoff (71), president and founder of a leading investment firms on Wall Street, was sentenced in June 2009 to 150 years in prison for financial fraud giant estimated at over 50 billion dollars.
The buyer, Steven Roth, CEO of Vorneo is one of the largest owners of commercial buildings in the United States.
Bernard Madoff (71), president and founder of a leading investment firms on Wall Street, was sentenced in June 2009 to 150 years in prison for financial fraud giant estimated at over 50 billion dollars.
The buyer, Steven Roth, CEO of Vorneo is one of the largest owners of commercial buildings in the United States.
samedi 7 novembre 2009
U.S. Real Estate : Fannie Mae widening its loss
The establishment of U.S. mortgage refinancing Fannie Mae Announces New net loss of 18, 9 billion in the third quarter against $ 15.2 billion in the second quarter of 2009. Therefore, Fannie Mae has asked the Treasury public assistance by 15 billion dollars. The losses of the company reached 56.8 billion dollars over the first nine months of the year.
According to Wall Street Journal, Fannie Mae has launched a program offering owners who can not repay their loans to become tenants in order to avoid being deported. Thus, borrowers could transfer their property to the lender as part of a title cons lease. Subsequently, they could rent housing at market prices.
According to Wall Street Journal, Fannie Mae has launched a program offering owners who can not repay their loans to become tenants in order to avoid being deported. Thus, borrowers could transfer their property to the lender as part of a title cons lease. Subsequently, they could rent housing at market prices.
vendredi 6 novembre 2009
U.S. Real Estate: tax credit extended for 6 months
The U.S. Senate has voted unanimously the bill on the extension of tax breaks for purchasers of property.
According to the text adopted, the device tax credit of $ 8,000 for new buyers is extended for six months, until April 30, 2010.
At the same time, homeowners over 5 years wishing to relocate will receive a tax credit of 6,500 euro.
According to the text adopted, the device tax credit of $ 8,000 for new buyers is extended for six months, until April 30, 2010.
At the same time, homeowners over 5 years wishing to relocate will receive a tax credit of 6,500 euro.
Switzerland: the most expensive real estate in the world
Switzerland is the most expensive country in the world in regard to housing, according to a survey taken in 2009 ERA Real Estate by laTribune.fr. The average house price stood at 348,000 euros at national level, while the rate of ownership of 37.5% is one of the lowest in Europe.
Ireland has the second ranking with an average price of homes for 259,098 euros, followed by France, in third place, with homes worth an average of 255,780 euros at the national level.
Despite higher house prices, Ireland has a rate of owners of 72% against 58% in France.
Ireland has the second ranking with an average price of homes for 259,098 euros, followed by France, in third place, with homes worth an average of 255,780 euros at the national level.
Despite higher house prices, Ireland has a rate of owners of 72% against 58% in France.
Pap.fr : contrasting trends in property prices
House prices evolve differently depending on the type of housing. According to latest figures provided by Pap.fr apartments recorded an increase of 1.03% while homes continue to see their prices fall by 0.26%. Since the beginning of the year, the drop was -0.41% for apartments and -4.61% for houses.
In quarterly and annual basis, the apartments show respectively +1.24% and -2.34%. The houses themselves, reflecting a decrease of 0.20% and 5.92%.
Regarding negotiating rates (difference between the price in the ad and that of the transaction), Pap.fr note up to 6.33% for apartments (against 6.19% in September) and 7.79% for houses (7.43% September), reflecting a "persistent lack of fluidity in the housing market."
As the time of transaction, they are also up to 13 weeks for flats and 16 houses (one week from September).
In quarterly and annual basis, the apartments show respectively +1.24% and -2.34%. The houses themselves, reflecting a decrease of 0.20% and 5.92%.
Regarding negotiating rates (difference between the price in the ad and that of the transaction), Pap.fr note up to 6.33% for apartments (against 6.19% in September) and 7.79% for houses (7.43% September), reflecting a "persistent lack of fluidity in the housing market."
As the time of transaction, they are also up to 13 weeks for flats and 16 houses (one week from September).
Real Estate : China housing labelised Disney explode
The Chinese real estate market experienced since last February a real boom, encouraged by various government measures to support economic development and investment. In the Shanghai region, the estate has seen a combine weight of at least unusual: Disney.
The Chinese developers already displayed a wide smile (China Vanke, the leader in construction, has seen sales take off more than 95% in October), the hilarity could soon win, including those established in Shanghai and its environs. On 4 November, the Chinese government has in effect endorsed the implementation of a Disneyland in the region. For business owners, the announcement had the effect of a bomb whose effects have not been waiting. In the hours that followed the decision to allow the Disney theme park to settle the land and property for sale near saw applications flow and inflate their prices dramatically. The owner of land would have sold well at a price 4 times higher than it originally sought.
In 2007, the city of Chuansha (nearby Shanghai to host the park), an individual could afford a new property for 2000 to 3000 yuan per square meter (between 197 and 295 euros). Rumors of a possible settlement of Disney have changed the outlook of real estate in the region to establish the price per square foot between 9000 and 11,000 yuan in February 2009 (between 885 and 1082 euros). The Disney dream come true now, those prices now are around the 17,000 yuan (1,672 euros).
"If Disney moved here, the old district Chuansha will be rebuilt. It's good for everybody and it will boost the industry "welcomes owner. Although the winners of the moment, the developers show some caution, however, explains a local real estate agent: "the question is not whether to sell or not. Since the news was confirmed, no one knows to what extent the presence of Disneyland will affect housing prices. So the developers prefer to wait and see what happens. " In this context, some developers have even seen fit to temporarily halt their sales.
The Chinese developers already displayed a wide smile (China Vanke, the leader in construction, has seen sales take off more than 95% in October), the hilarity could soon win, including those established in Shanghai and its environs. On 4 November, the Chinese government has in effect endorsed the implementation of a Disneyland in the region. For business owners, the announcement had the effect of a bomb whose effects have not been waiting. In the hours that followed the decision to allow the Disney theme park to settle the land and property for sale near saw applications flow and inflate their prices dramatically. The owner of land would have sold well at a price 4 times higher than it originally sought.
In 2007, the city of Chuansha (nearby Shanghai to host the park), an individual could afford a new property for 2000 to 3000 yuan per square meter (between 197 and 295 euros). Rumors of a possible settlement of Disney have changed the outlook of real estate in the region to establish the price per square foot between 9000 and 11,000 yuan in February 2009 (between 885 and 1082 euros). The Disney dream come true now, those prices now are around the 17,000 yuan (1,672 euros).
"If Disney moved here, the old district Chuansha will be rebuilt. It's good for everybody and it will boost the industry "welcomes owner. Although the winners of the moment, the developers show some caution, however, explains a local real estate agent: "the question is not whether to sell or not. Since the news was confirmed, no one knows to what extent the presence of Disneyland will affect housing prices. So the developers prefer to wait and see what happens. " In this context, some developers have even seen fit to temporarily halt their sales.
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