Editor’s Note: International investment capital will rotating according to sectors and countries, and joints in each of them. The crisis in the real estate sector, mainly in United States and many countries in Europe, many investors are betting to Brazil, by many attractions, for example, the real estate market. More than 20 companies linked to the sector traded on the stock exchange of Sao Paulo. They can send me your comments to: tourism and Real Estate: two Booms in Brazil Buenos Aires, Argentina 17 of March 2008 then the results of the first months of this year, one cannot deny that the perspectives of the Brazilian economy are good or very good, according to the perspective where you look. It is true that San Pablo bag shows fearful by what could happen with the crisis in U.S..UU.
and this is why it reacts negatively to each pessimistic news from the North. But the macroeconomic results show another reality and seem to not be feeling the impact of the problems that are impacting on the economy of the North. But beyond whether the crisis in the United States.UU. You can reach to affect the Brazilian economy in the medium term, there are two sections of the community who seem to be alien to the context of international crisis and they are the real estate sector and the tourism sector. For these two sectors is foreseen investments US $4,500 million in 2008. In South America, Brazil is a tourist destination par excellence, and with a constantly growing economy which is reflected in improvements in infrastructure, its appeal is even greater.
It have taken note the foreign capital, mainly Portuguese and Spanish who will invest around US $2.1 billion in the next 3 years. There are currently 150 hotel developments under construction that will begin operations in 2009. This tourism boom is not unique to Brazil, since also Mexico, Colombia and Argentina are enjoying it.
The Argentine real estate boom ended, do not lower the prices they? 4 May 2009 in January 2006 decided to find a home to purchase. It did not have much money saved, and didn’t even have even the approval of a bank credit for such an adventure. Believe me that the search became really an adventure, since while I was in the process of search (a search that lasted more than six months watching over a hundred houses), the same prices were increasing without pause. Luckily, in July of that year I could give with the right House and after little more than three months, in the month of November had ended with the approval of the banking and closed credit purchase. He was convinced that the housing prices would continue with its strong upward trend not only by the inflationary context that Argentina lived, but by the strong demand that watched the sector, and not I was wrong. The House that I purchased is now at a value of nearly 2.5 times that I paid. After the crisis that decreed the final model of convertibility in Argentina, the Argentine real estate sector experienced a boom that clearly ended some months ago. This sector was one of the first that was recovered after the crisis of 2002 and its logic, among other reasons, was determined by the consequences of what was known as the financial corralon limiting withdrawals of deposits of the local financial system. Today in the Argentine real estate market, the reality seems to be totally different, partly because of the effects of the external crisis (while in Argentina the topic of the crisis subprime was not present, if the effects on the real economy of the global deterioration are being felt), but also by internal uncertainty affecting the economy and causing the Argentines prefer to take refuge in the dollar before the bricks.
Therefore, the applicant must demonstrate is responsible for the payment of its debts, since time ago until the present. The third stage is: search the House! Look at what you can buy. And compare it to what you want to buy. Your tastes, location, size, number of bedrooms, bathrooms, kitchen, deck, common spaces and other specifications. Determine if you want to Single house, Townhouse or condominium.
The Mayor of Barcelona, Xavier Trias, has signed an agreement with the President of Schneider Electric Spain, Julio Rodriguez left, which will allow to create the first Center of excellence SmartCity District 22 @. City Hall anticipated initiative to turn Barcelona into a world leader in Smart City and have applications in intelligent mobility, improvement of energy efficiency (water management, distribution network and buildings) and connecting citizens with public administrations. In this sense, Izquierdo Rodriguez explained that they will develop, jointly with the consistory, a plan of intelligent mobility for Barcelona. Time ago that city hall leads this bet by the smart city, a concept that will improve the well-being of the people, said Trias. For his part, the Deputy Mayor of urban Habitat, Antonio Vives, has pointed out that this agreement is being generated an output of the future for the future of the ciudad real estate Mallorca. This Centre will operate as cluster of knowledge and development of technologies for the intelligent management of cities, and one of its priorities will be promoting a framework of collaboration with universities, institutions and companies to enable research and to promote the incorporation of highly qualified academic staff. In this sense, programs and exchanges that encourage the formation of specialists majorca real estate will be funded. In addition, with this agreement both parties undertake to collaborate to promote the initiative of City Protocol, a global standard of models of city that will evaluate various levels of excellence Luxus Wohnungen mallorca.
That day the real estate sector as a whole had a drop of which happen once every years, of which tend to announce the beginning of a great movement. It was not a simple correction. Nor do I believe that the trigger was the initial fall of Astroc as he has been said in many places. Astroc is a company that does not follow any analyst, who does not have a clear and understandable, not distributed dividends and activity which was considered very overrated (to 75 euros had a PER2006 of nearly 100 times) by the vast majority of stock investors. Therefore, if the majority of investors could expect that sometime Astroc disrupted a strong correction not it seems logical to think that this correction has caught them by surprise and they have reacted with panic selling shares of other companies that have a clear activity, share dividends and were not so absurdly overvalued as Astroc. I think the real trigger for the correction was the 100 questions TVE program to Rajoy, which said very clearly on several occasions that I was going to liberalize the soil when it came to the Government.
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.