Tag Archives: national

Housing Market Crisis

The real estate market of Catalonia is faced with greater optimism its present and its future, according to the results of the semi-annual barometer on the climate of confidence in this business published this week by the Catalan Administration. The data, obtained from 1,600 surveys conducted in the month of May to citizens, companies and administrations, reflect an increase of confidence in growth and the feeling of a revival of the housing market. It is, without doubt, a good news, since not only responds to the opinion of a part of the sector which could make think replies concerned-but that it’s a widespread perception in the world. It is, as the authors of the barometer, for the first time since November 2007, that financial institutions improve the perception of the financial capacity of their clients and that reflected a revival in the housing market are. The report also notes the majority view that the option of renting an apartment in Catalonia is now more feasible.

This extreme thing they would confirm the Forcadell consulting data, according to which, during the first six months of this year the rental market has experienced some recovery. And it is that the market moves, as it gets highlighted in the increase of 5 per cent of the price of the flats after two years of continued falls. In June, the price per square meter rented the Catalan capital stood at 12,58 euros according to Forcadell, almost 60 cents more than at the end of 2009, although significantly below 14,59 euros that did reach in 2007. We are waiting for future data that continue confirming the revival of the real estate market. Source: Real estate Blog of yaencontre.

Spanish Association

Monday, February 23, 2009 the Spanish Association of lawyers URBANISTS increased during 2008 by 67% compared to the previous year, consultations and procedures on leases and housing-related affairs. Thus has expressed it the Secretary General of the Association Mrs. Maria the Kings wheel Serrano’s after the conclusion of carried out comparative statistics for the year 2007 and 2008. An evident growth in the number of individuals who attended the Association to be advised and if necessary request a lawyer for actions related to the matter of leases and problems associated with housing occurred during the previous year. Many owners consulted because they wanted to rent its empty homes but they were afraid. They showed their misgivings since the law of urban leases law 29/1994 of 29 November does not protect them and pampers them in excess, since it forces them to agree a lifespan that stretches over time up to 5 years, as set forth in article 9 of the LAU. Post which although it agreed a lower time, contract is necessarily extended to the owner by annual instalments if asi wants the tenant.

And should the lessor communicate one month prior to the completion of the contract his desire not to extend it, since otherwise the contract will be extended by annual instalments up to 3 years more, provided that cannot unilaterally desist the tenant. Still another possibility offered by law make a contract of lease of season, wherever your destination is different to the meet the permanent need for housing which establishes the art. 2 of the LAU. And can for example be a different housing, leases leasing, foreign students who come to pursue their studies of 1 year, a master, or companies that leased a House for a Manager. This type of contract, on the contrary, is not extended by deadlines, but that they have a duration determined.

Property Acquisition

After finishing with all corresponding to the acquisition of the property, we continue with the stage make use of our new home. This is perhaps the most fun part, but unfortunately our pocket is going to continue to see affected, this time with all the expenses required to move our belongings. The following are some very important recommendations to make the move a success. Many residential complexes have regulations prohibiting removals during certain times, by such reason we recommend advise both the complex management and tenant (if applicable), the date on which you expect to making his move, in order to avoid setbacks the entrance of their belongings as the output of the same. It is advisable to carry out your move during a weekend, we advise you to start in the morning, since with this you will have enough time to accommodate and organize their new home. If you have not done so previously, it is very important to know the sector of your new address, identify the paths, already more suitable place to download your belongings in the fret.

Make sure the furniture and appliances of greater size, have dimensions appropriate to enter comfortably. A person on average lasts two or three days organizing their belongings after a fret, if you decide to do it yourself must have the necessary time to do so. As part of the preparations for the fret, draw up a list with all their things (clothing, appliances, kitchen utensils, food, books, etc.). With this list in hand proceed to verify which of these objects are really necessary, and what can be discarded, or if they are in good condition be donated. After preparing the above list, Pack delicate items such as porcelain and glassware in small boxes, medium boxes for electrical appliances, books and large houses for clothes. As you are packing, please list each and every one of the boxes, this shape will have a better control over your belongings in moving. Check one by one all boxes before using them, so that they are strong enough, and if not strengthening them making them with industrial tape. The delicate objects such as glass, porcelains and appliances, protecting them with polyethylene bubbles and paper cross.

If you are a single person, it is advisable to hire a company that specializes in removals, since these companies are prepared in terms of logistics and experience for this work. Within the service they provide a vehicle equipped with the protection of the case they have to make their objects, it is also generally a team formed by a driver and two or three assistants. Those companies are responsible in the event that any of your belongings is damaged during the move, generally the scree company liable for repair costs. Moving transport has an approximate value, between $150,000 and $350,000, this value should include you corresponding assistants and service of packed (if you want to hire him). Le again, we recommend that if moving is a closed set, it is necessary to know the internal rules of the same and also remember your move with the complex management, arrival to avoid trouble.

Housing Plan

The promoters are looking for alternatives to provide an outlet for properties that carry some time without selling. According to information published by Cadena Ser, at least, 6,000 homes were sent recently to the public rent society (SPA), by Spanish sponsors, to ensure that this body puts them on lease. Rent with option to buy is an attractive formula for small and medium developers who are unable to find the desired purchaser and for potential buyers who can not buy a house in property from the first moment because they may not have a bank credit in the home. Some analysts agree that this joint funding mechanism is affordable in situations of economic recession, how that currently crosses the real estate market. In this sense, is an optimal formula to provide an outlet for new construction and apartment houses in stock. Agencies that offer this type of services pose to those interested the option of renting the House of new building for an affordable price, from market, which will vary in function of the property, its location, characteristics and qualities, with a purchase option after 2 or 5 years. The main feature of this mode is that the payments that are being carried out during the life of the lease will not a deaf ears. When this period expires and the lease period is complete, these amounts will be deducted at the final price of the property that the tenant will have to pay.

The real estate Nozar, for example, announced last October, this modality, the Formula A + C, which allowed customers to rent an apartment of new construction of the promoter from 550 euros per month with a term of 5 years to acquire it later, discounting at that time payments paid during the lease period. The last reform of the Housing Plan 2005-2008 has also included this mechanism in its proposal and the Region of Murcia, for its part, already one of the autonomous communities is in which supports the promotion of housing for rent with option of purchase. Legal aspects the purchase option is regulated between the parties, i.e., landlord and tenant, in a lease stating this peculiarity. Stakeholders have signed a joint agreement in which the lessor guarantees the lessee may acquire housing in an agreed period. In addition, both undertake to raise public deed of sale the previous contract by the deadline. Until the time of the purchase the lease is governed naturally by a contract to use for this mode. In any case, the law applicable to this contract is the 1255 article of the Civil Code: the contracting parties can establish the pacts, clauses and conditions which have as disadvantage, provided that they are not contrary to law, morality or public order.

Real Estate

Sale of States is a term in the world of auctions which usually refers to a house or the sale of content assets. This can also refer to a sale of inheritance, and is usually a large event in terms of items offered for sale. As articles represent a content of a House, they often cover a very wide range of furniture, art and antiques, ephemeral paper and all the way to the headings of all households the days that fall within a broad category of decorative objects. When an owner of a State or of those who inherited the content, go to the task of selling the property always faced a series of questions: a. where selling the collection? b.

How should the collection being sold in one or separate into groups of similar items? c. where to find an expert who can properly assess all the elements and not just simply apply a generic value to groups of articles? The easiest way for a sale of the contents of a House is a local auction house. Major international auctioneers of which we hear in the news only handled collections specialists in rare articles and of good quality, and this is why they are divided into strict categories, such as: 19th century furniture, oil paintings of old masters, watercolors, Oriental ceramics and works of art and carpets, glass, books and manuscripts, and many more. A different Department would normally lead a sales specialist and the great auction houses each have about a hundred departments. And because they have a huge number of specialists that have to be paid, they cannot afford the acceptance of small valuable items (e) introduce a threshold, usually between 2,000- 5,000. Therefore, they are unable to handle or even come and look at the contents of a general House. When this comes to local auctions, most of them basically exist thanks to the sales of local States.

Real Estate Crisis

The real estate crisis in the USA trailing several countries speaking on international investment in properties, due to the weakness of consumers and of the Dollar and the progressive loss of jobs since 2007. USA with average age in the 50? s after the baby boom, would have to be through its golden age and starting to plan the withdrawal of State milion us in nearby countries. This was the key idea by which countries close to USA began building complexes and breakfast overlooking this group of Baby bomers! countries like Panama, Costa rica Mexico and some more this was his key idea to sell their multimillion dollar projects to market mostly North American and European, which has become a nightmare for many companies that will find in a situation in which have not sold nor his established minimum. Is the big question when will the crisis end? and if the change of Government could resolve it quickly? 6 key points by which the real estate market empeora in next 2009 the number of Houses foreclosed properties currently on the market State Unidense for sale not been sold worse still and the more catastrophic the pre Foreclosures or houses that currently are not paying your mortgage be foreclosed properties in the future, these properties more than 7 times the current foreclosures or foreclosed properties and it takes a minimum of 8 months to be foreclosed by the Bank properties, more time after being foreclosed properties, selling .media calculated more than 14 months, for the North American market with these numbers we go to 2010 (until the market for foreclosed properties are not sold prices can continue lowering logically) unemployment to rise and destruction of jobs mistrust of consumers in the real estate sector financial institutions in the USA have changed the system of granting mortgage loans with a reduction of more than 60% in your monetary volume. the 750 billions of dollars of government aid scheme been unidense according to the best economist is nothing more than a needle in a haystack where the problem is larger than expected. The doors of one recession in the U.S. could be a reality if the market does not change in different direction and created jobs. My personal opinion with these factors is: that the market will remain to fall in real estate prices until the beginning of the 2010 which is stabilized but will not rise either. By States separated in USA is I could clearly see that cities like Miami or Las Vegas, which its economy was based on the practise without industry base and the housing bubble was almost a fiction film, would be the first to fall heavily which have fallen stronger than expected with more than 60% real estate casualties nor saved cities as Detroti even with industry has been strongly hit due to the decrease in sales of automobiles and strong unemployment Chicago and New york even with this crisis and falling real estate prices the market moves quickly to talking in terms of sales of houses and expected a market solid and safe to invest. California, depending on the areas has been very punished, surprisingly real estate multi-million dollar is are selling more easily that which does not.