Real estate notes: November 2011

Tuesday, November 29, 2011

How to change the real estate market and construction in 2012?

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How to change the real estate market and construction in 2012?

What changes in markets and residential real estate business this year. That offer developers the buyer's solvency.

What will happen with office and residential new building in 2012. Where to get money to build

Nowhere to live, no one to rent - about how one could describe the situation in 2012 in the markets of residential and commercial real estate. In any case, this paint its developers and builders.

New apartments, according to them, will be in short supply, but the free offices - in abundance. Indeed, the crisis in many housing developers on the verge of bankruptcy and have frozen their property for an indefinite period. So now in new buildings, where the work did not stop, square footage sold immediately: call in a few construction companies, it is easy to find that sales have just begun, and one-bedroom apartments are already sold out. This means that to buy housing on the primary market next year will be problematic.

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In Hong Kong, stir in the house and an apartment with a criminal record

In Hong Kong, on houses and apartments have become a place of tragic accidents, offered discounts from 10 to 40%. On Web sites, some agencies even has a special section dedicated to real estate "in history."

Because in this city thrive superstition, the law requires realtors to disclose details of the last housing offered for sale or rent.

Local refuse to settle in their homes for as long as they are convinced that the object does not belong to the category "Hongji." This term denotes the room where there was a violent death.

where given an entire page with ads for sale or lease "Hongji", pointed out that there is an official hierarchy of objects. They are classified by the severity of the incident, which is determined by the number of deaths - from one to four people. In this connection, sometimes not utsenivayutsya separate apartments, and entire floors or buildings.

Among the ads found stories that could compete with Hollywood stories thrillers: "Quarter Tunmen, building Handsome Court. A woman aged 58 years jumped from the window because of the unbearable pain. " Or this: "The 10th Quarter, Tin Lok House. The woman hanged herself in her room. "

Nevertheless, for such housing are always buyers. According to realtors, in most cases are foreigners, but there are Chinese people who do not share the prejudices of their fellow citizens. Among the buyers of many physicians, because, as you know, death for a profession is not an event out of the ordinary.

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Lady Gaga apartment in New York for rent

In New York, leased the former "home" Lady Gaga. The house at 176 Stanton Street on the lower East Side future pop diva lived in the old days, when it was still called Stefani Germanotta, but a stellar career, she could only dream of.

Indescribable apartment building between Clinton and Attorney area became a sort of tourist attraction for the little "monsters" - fans of the singer, who has a chance to get closer to their idol and to rent a room. A total of 1850 dollars per month.

During the six months foreigners have bought property in Croatia for 70 million euros

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During the six months foreigners have bought property in Croatia for 70 million euros

In the first half of the foreigners have invested in real estate Croatian more than 70 million euros.

According to the Croatian National Bank, the growth of foreign investment in the markets of Croatia increased by six months in half compared with the previous year.

From January to June 2011 foreign investors invested 485.3 million euros, while for all of 2010 amounted to only 232.5 million euros. Then it was the lowest in 15 years. A record amount - 4.2 billion euros - Croatia has received from foreigners in 2008.

Now the most popular targets for investment are banks and financial intermediaries. During the first six months of the year they received from foreign investors 286.5 million euros. In second place - the metallurgical industry (173.8 million euros). Third on the list is real estate: foreigners have invested in the company's real estate sector 97.1 million euros and bought housing and commercial sites totaling 74.2 million euros.

The biаggest investment activity show the citizens of the United States, followed by Austrians (138.1 million euros) and Germans (44.3 million euros).

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Kiev joined the list of most expensive cities in terms of rental rates for retail space

Kyiv took 20th place in the EMEA region in terms of rental rates for retail space on the main shopping streets and 23th place - in shopping malls.

London continues to occupy the position of the most expensive city in Europe in terms of rental rates on the main shopping streets, the company reported Korrespondent.biz Colliers International. By the third quarter of 2011 in London fixed rental rate of $ 15 743/kv. m / year. This is followed by Paris ($ 14 131/kv. M / year), Zurich ($ 10 976/kv. M / year), Milan ($ 10 009/kv. M / year) and Geneva ($ 8 686/kv. M / year) .

International consulting company Colliers International has prepared a review of rental rates and capitalization rates in shopping centers and major shopping streets in the largest cities in the region EMEA-Europe, Middle East and Afriki.Vsego in the study were examined 52 cities in 35 countries in the region.

Given a sufficiently stable state rates during the current year, Kiev ($ 3 600/kv. M / year) located at 20 line rating.

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In Finland legalized rent in exchange for sexual services

In Finland, at the legislative level, set forth the right of citizens to rent or lease the property in exchange for the services of an intimate nature, said the publication Legal Practice.

Rent a house in exchange for sexual services is quite common in Finland and according to statements by the local police, such transactions are completely legal.

The Central Union of Tenants of Finland registers monthly circulation of homeowners who want to return it in exchange for the services of an intimate nature. Often such housing schemes offered female students who are strapped for cash.

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Ukraine surpassed Norway, Denmark and the UAE in the ranking of the priority countries for retail

Ukraine was on 23 place in the ranking of countries to prioritize the development of retail in 2012, the results of the annual survey of retail real estate segment in EMEA (Europe, Middle East and Africa) company CBRE.

The research activity of retail operators in EMEA, during which they explored attitudes and plans for 2012 178 leading retailers in the region, says that the massive expansion plans in the next year most of the world's retailers, despite the unstable economic situation and the growing popularity online shopping.

Thus, the end of 2012 about 71% of international retailers plan to open more than five new stores in EMEA and 20% - more than forty (compared to 18% in 2011).

In addition, the results of CBRE showed that retailers follow the same strategy to expand the network in 2012 as in 2011: how to orient the developed and emerging markets, but increasingly opt for those countries where their shops are presented.

moscow real estate - Russian real estate

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moscow real estate - Russian real estate

Real Estate News video Real Estate

Russian banks are reluctant to engage in mortgage lending

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Russian banks are reluctant to engage in mortgage lending

The Russian banking sector has increased dramatically the number of proposals for the sale of portfolios of mortgage loans.

Small banks, without sustainable access to "long" money, trying to solve liquidity problems by selling the mortgage note market participants.

The main reason why the banks want to get rid of the mortgage portfolio, is an unstable situation with liquidity.

Experts note that in the near future the number of participants in the mortgage market will be reduced by half.
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Oprah Winfrey rent housing (photo)

The best-known television presenter in the world of American Oprah Winfrey, unable to sell their apartments in Chicago, decided to lease them.

Apartment, located in a house built in 1916 an area of 430 square meters. m, can be rented for 15 thousand dollars a month. For the money the tenant will have at its disposal three bedrooms, five bathrooms, a living room, dining room, library, several fireplaces, a solarium, a wine room and laundry.

Winfrey bought the apartment in 2006 for 5 million 600 thousand dollars, while she never lived there. From June 2008 to January 2009, apartments were for sale for $ 6 million, but the buyer was not found.

Recall, the American media magnate Rupert Murdoch to sell his mansion took four years

Prices for luxury real estate in Kiev continue to fall!

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Prices for luxury real estate in Kiev continue to fall!

Prices for luxury properties in the primary market in Kiev continue to decline. So, for two months of 2009 reduced the average price in the market by more than 13%. Metering market transactions - hardly implemented. This was reported in the press service of the company "Knight Frank".

According to analysts, buyers are in no hurry to acquire depreciating apartment, as expected further fall in prices. An important change was the reorientation of demand for housing put into operation, which is associated with the lowest possible risk "protracted" or frozen construction projects.

Prime residential property market for the first time demonstrated the decline in Q4 2008 (in this case, in general, the 2008 price increase was 7.8%). At the beginning of March 2009, the cost of the primary elite was $ 8550 per square meter. m, a decrease over the month by 8.2%. Since the beginning of the year prices fell by 13.1% (compared to December 2008).

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Experts have called the most expensive homes in Moscow and London

Cost per square meter of housing in the Russian capital reaches $ 61.3 thousand in the UK - $ 104 thousand, experts say IntermarkSavills.

In the Russian capital a leader in the secondary market has become a residential complex of the Patriarch, located on the Patriarch's Ponds at Malaya Bronnaya 44/15. The maximum price per square meter there is $ 61.3 thousand in second place was the LCD Crystal House (Korobeinikov Lane, 1 / 2), where the cost is $ 51.8 square thousand Closes the three leaders of a residential complex in Dairy Lane, 1. The most expensive apartments in it are offered at a price of $ 50.5 thousand per square meter.

In London the most expensive residential complex is One Hyde Park. The cost of each of the 86 apartments is determined individually. Previously reported that the price per square meter on average there is about $ 104 thousand dollars. In April of this year, Ukrainian billionaire Rinat Akhmetov paid there for apartments of 2300 square meters of 136 million pounds - about $ 221.2 million

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At the heart of Paris for 29 000 euros you can buy a room area of 3m2

Paris, 9th district. Drouot Street, the home security lock, Concierge, they brought fiber optic cable. 7th floor, entrance through the front stairs. Room 3 m ² in the attic can be used as an auxiliary room (closet / utility room).

Electric meter, you can put skylight (with the permission of the municipality), electric heating, access to public sanitary units and plumbing. In excellent condition ... 29 000.

This ad appeared in the French real estate portal, and immediately shook Pap.Fr Twitter and other social networks. The fact that the room is an area of only 3 m ² can not be considered complete with housing, but, nevertheless, the cost per square meter for loft calculated in the same way as for apartments in central Paris.
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House of Edgar Allan Poe selling for $ 1.285 million

Home of the famous American writer Edgar Allan Poe in Philadelphia, where he lived for several years and wrote many of his famous works, for sale, reports the online source of Real Estate Aol.

A three-storey house of approximately 700 square meters. m with 7 bedrooms, 6 bathrooms and a luxurious dining room with a kitchen was built in the colonial era.

Also in the backyard of the house is located closed porch with large windows, offering amazing scenery.

The cost is $ 1.285 home million

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Prince William and Kate Middleton will live at Kensington Palace

Prince William and Lady Kate decided to move to live in Kensington Palace, and more precisely in that part of the building, where until his death in 2002, Princess Margaret lived - the younger sister of Queen Elizabeth II.

The truth is going to happen no earlier than 2013, as apartment in need of major repairs, because they no one lived nearly 10 years, and most rooms are still decorated with favorite colors Margaret - pink and turquoise.

The Queen is fully endorsed the decision to move her son in a 4-storey 20-room apartment Kensington Palace, which include a

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Charlie Sheen sold the house in Los Angeles

Famous American actor Charlie Sheen has sold a mansion in Los Angeles area of Los Feliz (California). As the portal The Real Estalker, real estate for 2.9 million dollars actor Simon Helberg bought.

Sam Sheen bought the house in November 2007 for 2.575 million dollars and spent it in a large-scale renovation. However, in June 2009, the actor put the mansion up for sale for 3.697 million dollars.

Since then he has repeatedly raised and lowered the price of the object, but to find a buyer for the property is not udavalos
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What's happening in real estate Portugal?

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What's happening in real estate Portugal?

Before the global financial crisis of 2008-2009 real estate prices in this country, unlike the U.S., Ireland and Spain, grew at a moderate pace. "Bubble" in housing and Portugal are not puffed up, and therefore does not have to wait and devastating collapse in prices, analysts say.

These findings are contained in the report of Portugal's largest bank Caixa Geral de Depósitos (CGD). Experts estimate that from 1996 to 2006 in Portugal, as well as in Germany, rising real estate prices did not exceed 10%, the The Portugal News.

During the same period housing in the United States, Netherlands and Greece increased in price by 80%, in Spain - 110% in the UK - 140%, while in Ireland - 180%.

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In the major cities in Germany more expensive housing

Hamburg leads the growth in housing prices, says the study, Jones Lang LaSalle. German real estate market is developing unevenly, with some regions prices are rising, in others - are falling.

Munich is still the most expensive German city on the cost of housing. Bavaria and Baden-Württemberg (South Germany) - the economically developed and popular tourist areas, where Munich - one of the safest places to invest the Russians.

On the I half of 2011, the average price of apartments in the Bavarian capital amounted to € 3,440 thousand for the quarter. m. This is 12% higher than in the I half of 2010

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In the U.S., selling a house for Michael Jackson's $ 18 million

A three-storey mansion in Los Angeles, where the King of Pop has spent the last months of his life, would soon acquire a new host. Price estate has not been disclosed, but similar homes in the neighborhood are worth about $ 18 million

The mansion, built in 2000 on the project, Richard Landry, located in Holmby Hills at passage Kerolvud Drive, 100. The building is styled chateau with decorative elements that mimic the architecture of France the 18-19 centuries.

The house has 6 bedrooms, 10 fireplaces, a gym, a lounge, an elegant lobby, where the piano stands in the center with crystal chandeliers. Also, the mansion has a spacious home theater, wine cellar, indoor and outdoor pools. At the top is Jackson's private quarters, to which access is without his permission was denied to all members of the household, including the protection and workers.

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The Russians are buying up real estate in New York

The Russians and CIS citizens are increasingly buyers of real estate in New York and on Long Island. According to experts, the U.S. demand from the Russian-speaking residents in the past two years has doubled and continues to grow.

A typical Russian buyers of real estate - is married to businessman 35-45 years, having grown-up children. His favorite place - the city of New York and parts of Long Island, particularly fashionable Hamptons. Demand and resort destinations such as Florida.

"It's the wealthy people who are over 40, with children older than 20 years. It is logical that parents are looking for apartments with two or three bedrooms for their children. Often, the initiator of the purchase becomes a wife. The trust is to invest in real estate - one of the features of Russian mentality, "- says Victoria Logvinsky, vice president of Douglas Elliman Real Estate

Edward Mermelsteyn, a lawyer and senior partner of Rheem Bell & Mermelstein, specializing in providing legal services in real estate, said that over 20 years of practice he has never seen such sales activity for the Russians. His firm almost half of the transactions concluded with customers from Russia and Ukraine, and has recently become more buyers from Kazakhstan.

How quickly and successfully sell the house?

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How quickly and successfully sell the house?

As realtors say U.S. is now the property market is the market itself is the buyer, not the seller. It is for this reason, we recommend strongly to all those who are planning to sell your home in the near future, take into account everything the most common consumer preferences.

Why is strongly? This is because with such a number of proposals here, as we see today, customers can easily find exactly what they like, thus, it is not going on no compromise.

According to Harrison Tulossa Realtor that works in North Carolina real estate agency ZipRealty, buyers have no desire at all to pay money for equipping their new home.

Because the seller of the ordinary American home magazine known Remodeling Magazine and gives some tips on all the improvements in the house, which eventually will help sell it.

So, before you begin the pre-sales guidance in the home of chic-gloss, stop your choice on the finish and all materials that meet all the tastes of a wide range of buyers.
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Property in Dubai: Landlords to enter the penalty

Department of Planning and Building Trakhees, which is part of the Corporation of Free Zones, Ports and Customs Dubai, issued a decree according to which each tenant shall be at least 200 square meters. feet (18.58 m ²).

If the apartment or house is home to more people than necessary, the owner shall pay a penalty, the sum of which may reach 50 000 dirhams (13 U.S. $ 600). The amount accrued at the rate of 108 dirhams per m ² (approx. $ 29 per m ²), so the fine will depend on the area of housing.
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In the top 10 best countries to buy property includes Thailand and Cyprus

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In the top 10 best countries to buy property includes Thailand and Cyprus

The latest research portal the Move Channel has shown that Cyprus and Thailand for the first time among the ten most popular places to buy property abroad.

The study also found that the U.S. is currently the second most popular country for the purchase of real estate.

The study was to analyze the number of requests for real estate in different countries, and data for October showed that Spain is again the most popular choice.

However, requests for real estate in the U.S. rose by 1.06%, which is why the U.S. shifted from France to second place. Director of the Move Channel Dan Johnson believes that this is a great achievement, since the French property has been viewed as safe an investment in Europe for some time.
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The cost of real estate in London can jump up to 100 thousand pounds per square m

The cost of luxury homes in the most prestigious projects in London in 2016 may exceed the psychologically important threshold of 10 thousand pounds a square foot, which corresponds to 107.64 thousand pounds, or 169.727 thousands of dollars per square meter, the message says consulting company Knight Frank .

Currently, the most expensive house in London is complex estate One Hyde Park at the intersection of Hyde Park and the streets of Knightsbridge. At the time of opening in early 2011, the price of a "square" in the One Hyde Park was equal to 65 thousand pounds. In this case the owner of the most expensive apartments in the complex is a company owned by a Ukrainian Rinat Akhmetov.

To date, specified in the materials of Knight Frank, the cost of housing in the One Hyde Park has already risen to 7.5 thousand pounds per square foot, that is up to 80.73 thousand pounds per square foot.
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Real estate in France to impose an additional tax

The French government has adopted a legislative amendment, under which landlords who give premises less than 14m ² for the amount of 30-45 euros / m ² (depending on the zone), and more, will pay an additional annual tax. Changes will take effect from 1 January 2012.

Tax will be levied an apartment with furniture or without, dealt to for more than nine months in areas where demand exceeds supply, such as in Paris. The rate for furnished studios will be a maximum of 10% and will vary depending on the zone.

Government Regulation must be reviewed every three years. The document contains a list of sites which will be levied a new tax.
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In Abu Dhabi, extended the ban on rent increases

The corresponding statement was made by Sheikh Mohammed bin Zayed. Prior to November 9, 2012 landlords can not increase the annual rent of more than 5%.

This measure was taken in order to stabilize the rental market the emirate.

Abu Dhabi has introduced restrictions on rental growth during the housing boom in the UAE. In 2005, the limit on the increase of the cost of not more than 15% per year was introduced also in Dubai.

At present, in both emirates allowed to raise rents by more than 5% per year during the lease term.
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In Lviv airport has more land

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In Lviv airport has more land

The deputies of the Lviv city council majority supported the decision to allocate the state enterprise "International airport" Lviv "land on the street. Liublinska, 168 for the construction of a new terminal building to arrival.

The site was to use a private company "Atoll", but with the consent of his confiscated and handed over to the airport in constant use for construction and maintenance of passenger terminal.
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In Riga, there was an angel sculpture shopping

Near one of Riga's shopping centers have established a unique sculpture. In particular, the sculpture of an angel of shopping, the height of 6 meters.

The company made her three angel - an angel of love, wisdom and money. The author of these sculptures is a German Norbert Folberger.

It is noted that he has created his own, works with weights - from 15 to 70 kg, in a very short period of time. According to eyewitnesses, all women are angels very sexy, and features like celebrities - in particular, Angelina Jolie and Jennifer Lopez.

Unusual sculptures of angels near the shopping center in Riga will be available only until the end of February next year. After which they will be removed.

Recall that in one of Kiev's parks have established multi-colored sculptures of animals.

Saturday, November 12, 2011

Barcelona, Spain innovative cities in the world.

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Barcelona, Spain

Business and fashion finally did what a long time failed to make the creations of the genius of the architect Gaudi.

The capital of Catalonia, with each year more and more claims to be the new capital of Europe, desperately competing with Paris, London and Berlin in many areas.

Huge sea port provides trade relations. Business Centres and growing economic activity attracting more and more large companies. In recent years, major offices in Barcelona, opened by companies such as Novartis, Microsoft, HP. In the city during major trade shows, fashion shows such as Bread & Butter.

Kigali, Rwanda innovative cities in the world.

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Kigali, Rwanda

Rwanda's economy in recent years, growing at a rapid pace. A power of this small African nation, where ten years ago, hundreds of thousands of people were killed on the streets during mass unrest could become a worthy example for the rulers of many countries of the former Soviet Union. Instead of simply steal millions of dollars of investment pouring into the country, they dispose of them wisely.

In Kigali, opened a stock exchange, 5% of GDP by law for the needs of science, and military enterprises are transformed into mass education.

Seattle, WA, USA innovative cities in the world.

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Seattle, WA, USA

No, it is not only available in the vicinity of the Seattle headquarters of Microsoft. And is not that it was in Seattle once the company was founded Boeing. And not even the fact that Seattle was born and died, Kurt Cobain, the leader of a cult grunge band Nirvana.

In Washington state, lived most of engineers per capita in the U.S.. It recorded the highest increase in investment in the technology sector, we can say that the birth of a new Silicon Valley. The giant seaport city offers extensive trade ties.
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Doha, Qatar

The rulers of this small Islamic country understands that oil and gas, to this day provide the State a comfortable existence, sooner or later run out. And sooner rather than later.

Therefore, the authorities are actively investing in other spheres. Recently been renewed out of the famous newspaper Al-Arab, developing channel Al-Jazeera, was erected a huge museum of Islamic Art IM Pei.

The most ambitious initiative is the construction of the so-called education of the city - an area of 14 sq. km, which focused educational and research institutions, including branches of foreign universities (in particular, universities, Georgetown, Virginia, Cornell).

Friday, November 11, 2011

Mexico City, Mexico innovative cities in the world.

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Mexico City, Mexico

In Mexico, people with secondary education than in the U.S.. This striking fact is directly reflected on the map of innovative cities in the world, is simply not allowing it not to affect the Mexican capital, Mexico City.

Today it is not simply one of the great cities of the Americas, but also the center of aviation industry - here are plants airlines Cessna and Bombardier.
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New York, NY, USA

If the modern world is an analogue of the biblical Babylon, it is New York. City of enormous size with a huge population (8.3 million), which has everything. Entire blocks of theaters, stadiums, and large parks. Extensive transport network, three airports, ocean ports. Several universities and many research centers. Top U.S. hospital. And finally - the business center of America and the financial hub of the world is on Wall Street, lower Manhattan.
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Boston, Massachusetts, USA

This city is often called the intellectual capital of the USA - here are renowned Harvard University and Massachusetts Institute of Technology and is not less than a hundred universities and colleges.

"Boston - a well-balanced city," - says Khair, who repeatedly refers to Boston town to the most innovative of the planet. According to him, there is well-developed business activity, many different medical institutions, and local universities are intellectual leaders in the world of science and education.
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Moscow surpassed London in the ranking of the most promising real estate markets

The Russian capital has won first place in the ranking of European Regional Economic Growth Index (E-REGI), compiled by LaSalle Investment Management.

This year's ranking, which hit the city, where real estate is the most promising, includes 326 regions in 33 European countries with a total population of about 780 million people.

Experts noted the exceptional growth potential of Moscow, where in the medium term will dominate the high demand for real estate. Compiled by rating tschli size of the city, as well as its potential.

London, which last year topped the rating, down one line due to changes in GDP and employment growth. The current global financial instability also affects the British capital. At the same time, welfare and development of the business environment in London is still far ahead of competitors, including Moscow, but much of the last plays in the growth potential.

Third place in the 2011 Munich retained, followed by Paris, Istanbul, Luxembourg, Stockholm, Oslo, Copenhagen and Stuttgart. The most prominent is the dynamics of Istanbul, who two years ago was na75 th place, while a year ago - on the 25th. In LaSalle Investment Management noted that the city is rapidly becoming a regional financial center.
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Cubans allowed to buy and sell housing

The Cuban government allowed private individuals to buy and sell housing, a ban on such transactions operated in the country for several decades.

Norms that make the buying and selling real estate, gift, exchange and transfer to a relative, shall enter into force on 10 November. But they only relate to Cuban nationals and foreigners residing permanently in the country.

In accordance with new laws, it will be possible to own only one house as a residence and another in recreation areas. Registration of transactions relating to the transfer of ownership of the property will be conducted by a notary. This will be charged fees, the amount of which is still unknown.

Housing problem for decades has been one of the most acute problems of Cuban society. In the absence of the real estate market people can improve the living conditions only through complex multi-stage exchange or with a "black brokers" that has always been expensive and is questionable in terms of legality of these operations.

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Average price per square meter in Moscow exceeded 5800 dollars

The head of the department of housing policy and housing capital of Russia Nikolay Fedoseev estimates the average price per square meter in Moscow in 180 thousand rubles.

"That business class and economy class. But in general," the temperature in the hospital "- 180 rubles (about 5837 dollars)," - said Fedoseev at a press conference on Wednesday.

"If you are interested in the cost of one square meter of economy-class housing, it is from 120 thousand to 150 thousand rubles", - he said.
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Red Audi of LCD "Prestige Hall" got blonde

On October 27, sales office of the residential complex "Prestige Hall" held a rally of the Audi A1 to customers who have bought real estate during the summer in one of the sections of the complex.

Start Action "to buy an apartment - Win Cars" was given in May of this year. Then the developer of the project (LLC "ABC") has invited its customers to test your luck and said that when buying an apartment or office space from May 1 to October 26, everyone has a chance to win brand new cars from Audi A1 Audi Centre Vipos company.

On the last Sunday of October sales came all the participants of the rally. The personal presence of applicants for the prize will properly and transparently to the rally, because they were directly involved in the selection of finalists and actually the lucky winner. Performed by an independent observer Sales Manager of Audi Center Vipos Alexander Ivanchenko. In his speech he congratulated all those present with the purchase of apartments in a respectable complex, which is a great success.
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In the most elite areas of Athens real estate prices dropped by almost 20%

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In the most elite areas of Athens real estate prices dropped by almost 20%

According to a study real estate companies in the first half of 2011 property prices in some affluent areas of Athens fell by 20%.

On average, compared to 2010, prices for real estate in Athens and Thessaloniki have decreased by 15%.

Causes a sudden drop in prices are the lowest purchasing power caused by the general economic downturn in the country, new real estate taxes, as well as difficulties in obtaining mortgages in the Greek banks.

Portugal: foreigners are more likely to buy property in Algarve

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Portugal: foreigners are more likely to buy property in Algarve

Algarve resort attracts more foreign property buyers. Some get here accommodation to move after retirement, others want to invest money.

Real estate markets most other Portuguese cities, including Lisbon, Porto and is continuing recession. The country is experiencing economic crisis, growing unemployment.

In Portugal, a large external debt, so in the near future the government will have to act in a tight economy. Local people are less interested in buying real estate. True, in contrast to neighboring Spain, Portugal did not suffer from oversupply.
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Jennifer Aniston has bought a penthouse in New York

Penthouse in New York, where the star of "Friends" dwell with her boyfriend Justin Theroux, cost the actress in a modest price by Hollywood standards - "only" $ 9 million

For this money, Aniston will get not only an apartment of more than 280 sq ft with three bedrooms, a swimming pool and stunning views of Gramercy Park, but also butler service and membership in an elite sports club.

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Buying apartments abroad, How many are willing to spend the Ukrainians?

Among the Ukrainians are ready to invest in real estate abroad, most in demand now takes a property in Bulgaria, Spain and Italy, with the purchase budget is less than 25 thousand euro.

About this IAP "Capital property" said Irina Varlamov, director of "Viatel", which sells real estate in different countries.

"For that amount you can buy a studio apartment with an area of 30-35 square meters. m on the coast, "- said the expert.

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In Bangkok, after the floods increase demand for purchase of apartments in high rise buildings

Flooding, recently struck a neighborhood of Bangkok, has once again reminded urban planners that housing in the capital of Thailand does not meet the safety criteria.

The consequence of a natural disaster will increase the demand for condominiums and housing undrowned areas.

"According to our observations, the number of building permits issued increased high-rise buildings, as developers anticipate that demand will grow," - said Tony Picon, assistant director of research at Colliers International Thailand. He believes that many condominiums will be commissioned in the I quarter of 2012.
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Ukrainians do not want to buy property in Egypt

Apartments in Egypt, which enjoyed great demand among the Ukrainians, now virtually untapped. This was reported by Irina Varlamov, director of "Viatel", which sells real estate in different countries.

"Still about 2 years due to the difficult situation in Egypt, the Ukrainians are not actively buying real estate in this country" - predicts expert.

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Rihanna sells the house at a discount of $ 2.5 million

Two years ago, the singer bought a luxurious mansion in the upscale Los Angeles area, paying almost $ 7 million, and is now trying to sell it for $ 4.5 million

According to the singer, persistent leaks of the absence of normal drainage systems make the building uninhabitable.

apartments in spain for sale / real estate in costa brava / buy property in spain

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What city in Spain in demand among home buyers?

Statistical data compiled on the basis of an analysis of prisoners in 2011, contracts of sale on the Spanish property market, the regions of Spain, which was sold to the largest number of housing ...

Recently there was a reduction of the prison contract of sale, however, despite falling rates, real estate deals in Spain still held.

apartments in spain for sale / real estate in costa brava / buy property in spain

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Sale of real estate in France: you can buy palaces, castles and fortifications

France began a massive sell-property state. In the next three years will go under the hammer lands, fortifications, castles, palaces and mansions, located in the province, and in the heart of Paris, who previously held the ministries and departments.

Russian experts acknowledge that such investments can be good dividends, but do not advise the Russians to invest in such assets.
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The demand for Cyprus property market falls

Along with falling housing prices, the real estate market of the island there is a decrease in sales volumes. In October 2011 the number of transactions fell by 21% year on year and by 11% compared to 2009, when the real estate market collapsed.

Analysts as reasons for the recession, the housing market, a problem referred to as liquidity, record high unemployment and uncertainty in the market that shows no signs of recovery.

January to October 2011 was recorded in Larnaca - 27%. Behind her are Nicosia - 26%, Paphos - 22% and Famagusta - 15%.

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New Riga tomorrow begins today

Today, at the direction of Novorizhskoye built three times as much cottage communities along other lines than the suburbs. According to the company Blackwood, its share in total supply is 27.4%. This fact is explained by many reasons. First of all, New Riga different from the rest of the main highway that was designed only in the early 1990s. and held outside the settlements. There is no large cities here, with their "industrial landscape" or the sad villages rickety shack. And therefore, there is no contrast between the old and new buildings - the contrast is so depressing consumer of luxury housing.

Further, Novorizhskoe highway is deservedly considered one of the most beautiful and environmentally friendly places area. An important advantage of this trend - the lack of large industrial enterprises. West suburbs generally known for good for the environment, since Soviet times, he formed an extensive recreational area. Along the highway stretches the picturesque landscape: birch and aspen groves give way to prairie meadows, here and coniferous forests. There are rivers - Istra and Moscow, Trostenskoe lake, there are even mineral water springs. During the 50-kilometer mark is a "big water" - Istra Reservoir, one of the cleanest in the suburbs, and Ruza.

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The mortgage market is developing actively: the programs and the companies offering them, it becomes more and more. Inspired by the choice, you can forget about those nuances, which involves the acquisition of housing loan funds.

1. Remodelling: Pros and Cons

There are two types of mortgage lending: the security of available housing and the security purchased.
In case of default by the borrower of its obligations under the contract of the bank to get the satisfaction of their claims for payment of principal and interest, is forced to put mortgaged property for sale. In order to avoid unexpected losses respecting financial enterprises are not considered inconsistent with the residential premises of redevelopment as the object of pledge.
Redevelopment to become legal, must be filed the following documents: the draft, the new product data, the conclusion of authority for the protection of monuments of architecture, history and culture of the admissibility of the conversion or redevelopment of premises, a new certificate of title showing the new parameters of the object, if they changed .
With respect to minor changes in the apartment, such as the dismantling of built-in cabinets, which entailed no change in residential or common area, bathroom with bath association, setting vannogo trough in the bathroom or kitchen, etc., banks tend to hold loyal.
Alignment and registration are not subject to major alterations: changes in the external boundaries of the object, or a total floor space of housing accommodation toilet, bathroom or kitchen of the room, etc.

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Legalize unauthorized construction

What is the unauthorized construction

Illegal Buildings are a dwelling house, other building, structure or other real estate, created on land not designated for that purpose in the manner prescribed by law and other legal acts, or created without obtaining the necessary permits or is a material breach of town planning and building rules and regulations (* 1). These buildings are not subject to real estate and not subject to registration as an object of ownership in real estate. Carries out the unauthorized construction person does not acquire the right of ownership and, therefore, not entitled to dispose of it - to sell, give, rent, lease, engage in other transactions.
Unauthorised building does not have the status of the object under construction and not subject to registration as such.

As stated by the Supreme Court of the Russian Federation, to acquire ownership of illegally constructed buildings, located on illegally occupied land, by virtue of acquisitive prescription is not possible (* 2). The position of the prescription means that a person who is not an owner of real estate, but conscientiously and continuously owned it for 15 years, acquires title to it (Art. 234 CC RF). The legal position of the Supreme Court was confirmed by the Constitutional Court of Russia, who indicated that guarantees property rights and housing rights are granted only in respect of any property owned entity lawfully (* 3).
The construction of unauthorized buildings entails responsibility. Article 58 of the Town Planning Code stipulates liability (disciplinary, property, administrative and criminal) for persons guilty of violating the law on urban planning.

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Privatization in Russia has already lasted 16 years. Over time, many difficulties of this process could be overcome. But still often enough citizens who choose to formalize ownership of various properties, face challenges, including legal ones.

Adoption of the 1991 Law "On privatization of housing stock in the Russian Federatsiia" real estate professionals called a landmark event. It was then that originated in Russia, the official market of buying and selling real estate. Privatization means the transfer of property to private ownership, after which the person has the opportunity to dispose of their property - sell, give, rent, etc. By law, a Russian citizen has the right only once to participate in privatization.

I managed to privatize - has won the

Citizens, for some reason not yet secure for themselves the property of "blood" square meters of housing, then the time to do it for free there are not so much - until January 1, 2010 then issue title to the apartment can only be for money. Today in St. Petersburg privatized about 75% of residential property.

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