The eclipse of real estate

Is the end near ?

In the first quarter of 2012, direct investments in real estate in the world fell by 21% compared to the same period last year. The data have been published by the Consulting Agency Jones Lang Lasalle; the flow of global capital allocated to the sector decreased despite only in the USA there has been a 

+25% and +52% in Canada in the year. Poor performances for Europe, Asia and Middle East.

According to Juan Manuel Ortega, director of capital markets for Jones Lang Lasalle Spain, "this year will be dominated by the reactions of governments to the continuing economic uncertainty, subject to international investors continue forward. We also anticipate that the continued deleveraging banking attract more capital funds seeking opportunities in debt and assets used in the U.S. and Europe."

At the level of large investments the offices market is the one that pulls the rest, with a 54% of the total. Also the industrial sector showed improvement, while the residential is the worse.

< News source: ElConfidencial >

< Image source: http://randomtechie27.deviantart.com/art/Eclipse-303550050 >

Unrestored homes purchase +83%. Fashion is a ruin

The new trend of real estate, ruined houses for a market in crisis

They are called fixer-upper, more commonly slums, houses in poor condition sometimes to be rebuilt almost from scratch are the latest trend when it comes to real estate in New York.

The trend is becoming increasingly popular due to the decline of the houses on the market and lower prices of the houses in ruins, convenient despite the costs that the restructuring.

Jonathan Miller, head of the real estate firm Miller Samuel, told the New York Times that the purchase of housing conditions as "poor or very poor" rose in the City by 83% from December 2011 to December 2012.

"The properties for sale in Manhattan fell by 34% from the fourth quarter of 2011 - said Miller - touching its lowest level for 12 years now, and that's why those who want to buy a home has become more flexible."

Some giants of real estate, as Corcoran and Brown Harris Stevens, who first proposed not to customers homes in poor condition have decided to change its policy.

And search engines are emerging as RealDirect.com that allow users to perform ad hoc research, entering as keywords terms 'unrenovated', ie not refurbished, and 'needs work', needs restoration.

"Many people, especially in recent months, prefer a place to rebuild from scratch, a home created by them one hundred percent rather than made according to the tastes of someone else" said Doug Perlson, CEO of RealDirect.

Among those who chose to marry the new philosophy there are, for example, Laura Jacobs, a writer, and her husband James Wolcott, cultural critic for Vanity Fair.

The couple decided to buy a house for $ 750,000 in Washington Heights after selling the apartment where they lived for 1.36 million dollars.

"We knew that we would have spent at least $ 200,000 for the renovation, but the space was huge - they explained to the NYT - we were certain that the result would be what we wanted."

Even Corey Reese, attorney for Estee Lauder for nine years for rent in Chelsea, bought a 'slum' to turn on 24th Street, for $ 789,000,

"I saw an apartment in horrible conditions - he said - but I understood the potential: the view, the Art Deco style, the brightness. And finally - he added - the ability to have a real kitchen."

The Italian real estate market crisis, merciless numbers

Translation of an interesting article from the Italian web based newspaper Nove da Firenze .

The figures released by FIAIP are really discouraging: in Italy in the period 2007-2012 real estate sales were down by as much as 40%. In the past year house prices also showed a decrease of 12% (25% if we compare the average prices of the previous year with those of 2008.).

And common clichés that keep the industry afloat we have thought in the past few years the only luxury properties, and this both in Italy and internationally.

According to the findings in the recent MEETIN - a real estate meeting in Naples, for example, this assumption seems confirmed in the Southern Italy.

Over the last five years, sales and construction of new buildings have declined by 40%, sales of larger apartments and luxury properties in the most prestigious neighborhoods of Naples (Posillipo, Vomero, Chiaia) has instead maintained.

The same goes for real estate on the Sorrento coast, who have not registered even the declines in sales prices.

Of the first opinions in contrast seem to come from the Northern Italy, and in particular from Milan.

According writes Joan Valsecchi on Immobiliare.it News, it seems that even the high end of the market - which had not previously been the least affected by the crisis - is starting to feel a bit 'hit: properties of prestige of Milan in fact, would arrive at the cost 20-25% less than it was five years ago.

And if we can not speak of a real crisis, however, would seem obvious signs of some slowdown in the luxury market.

It seems that at this time the only ones who can afford the expense of a certain kind - we speak of digits that can even exceed € 19,000 per square meter - are entrepreneurs belonging to sectors that are resisting more to the crisis, such as fashion or telephone for example, or the super-rich from Russia or the Arab states.

To confirm the trend, in some way, there are also data published on 6 March by Osservatorio Residenze Esclusive (Observatory of Exclusive Residences), sponsored by Tirelli & Partners, and for the second half of 2012 in the cities of Milan and Rome.

According to these data luxury properties are struggling to find buyers, and so stretch of the days of sale.

According Casa24Plus for example, in Milan, for homes with a value of more than € 7,000 per square meter, the average selling now would exceed 16 months (in 2010 were less than one year).

We wanted to explore the question also heard the opinion of Dimitri Corti, CEO of Lionard Exclusive Real Estate, a Pistoia (Tuscany) estate agency specializing in selling luxury real estate in Italy.

According to D. Corti there is not actually a real braking because the Italian sellers are basically willing to consider offers also much lower, while still allowing you to get to the final sale.

Confirms instead the fact that buyers come almost exclusively from countries such as Russia, Ukraine, Lithuania, Kazakhstan.

We are then told that Tuscany is by far one of the most sought after, not only in Italy but also in the whole Europe.

Thud of the real estate market in Paris, shaking the prices of the safe of Europe



Is the future of Paris grey ?

Storm signals were on the horizon but the final amount were worse than expected. "Home sales in Paris, one of the world safest real estate markets, have fallen by 21% in one year" makes known the Chamber of Notaries of the Ile-de-france.

Throughout the region the decrease compared to 2011 was 13%. Is therefore just the capital to suffer the most, so that prices historically high and untouchable, begin to give little signs of abating. In one year the costs are decreased by 1%, but with a tendency to get worse. The square meter value is still really expensive with and average of  8270 euro even for normal houses, not luxury villas or castles.

According to data provided by notaries have been sold in the capital only 27,690 units. In the entire region instead the amount was 150,000. Of course, the proportion between the city and the common metropolitan area of Paris explain the difference, but the question remains: is this the end of the age of investor confidence or just an isolated incident?

In the Ile-de-france region lists value decrease was 1, 4% and the average price is now certified on 5510 euro per square meter. More convenient values 3,130 euro per sq m, are located in the so-called Grand Couronne .

The bigger houses? Are the Australian's

Australians have bigger

The United States are famous for their architectural excesses: the boundless city, towering skyscrapers, monumental houses. We also saw that the U.S. can boast at least six of the ten most expensive homes for sale in the world. But it is news not too long ago that Australians have escaped the "cousins" Americans another record: that of the larger houses

According to research commissioned by the Commonwealth Bank of Australia National Institute of Statistics, for the first time in ten years the Australian houses of new construction have been awarded first place in the ranking of the larger houses in the world, thus relegating the new constructions American second 

The survey, conducted on individual homes and apartments completed in 2008-2009, shows just how the amplitude of Australian homes have increased by 10% in ten years, reaching an average of 214.6 square metersIn second place are the new American households, whose average size is decreased from 212 square meters to the existing 201.5 square meters. 

 Follow the case of New Zealand with an average of 196.2 square metersIn Europe, the larger homes can be found in Denmark (137 square meters, data Policy Exchange 2005), which in fact occupies the fourth position in the world rankings prepared by CommSec. Italy is the second lowest, with an average of 81.5 square meters.  English are the lowest (76 sqm).
 
If so Australia has the biggest houses in the world, which areas are the most important sizes? The national ranking is headed by the state of New South Wales (NSW), where the new buildings completed in 2008-2009 have a surface average of 262.9 square meters. For those who prefer smaller homes, the recommended destination is Tasmania, where the average size of new construction is "only" 190.6 sqm. 

Real Estate, optimism back with the Web: digital relocation

The new web frontier of real estate market, the dedicated real estate search engine

According to a survey, the benefits in terms of efficiency of the use of the Web for real estate portals are characterized by rapidity in providing timely information to customers, the ability to keep up with the competition and meet the demands of the market with significant time savings and money.

 

The web marketing can very well replace the obsolete forms of traditional advertising, such as newspapers and magazines, which in addition to being inefficient, requiring large amounts of money.

From the point of view of the purchasers, not only are praised all the characteristics of a digital communication, but also the speed to be able to take advantage of an estate portal in order to submit their ad, to be viewed also from a wider range of customers and international at affordable prices.

 

With the increasingly widespread use of search portals property changes the relationship with the customer that easily with one click can search for the home of your dreams in all parts of the world.
 

The advertisements have all the necessary information accompanied by images and videos so as to provide all the details needed for a distance vision.

The popularity of smartphones, tablets and laptops has facilitated this type of interaction, and to guarantee the freedom and time savings potential customer.

 

An excellent example of real estate search engine comes from Italy with Cercacasa.

 

Cercacasa.it is the first professional portal for the promotion of the buildings designed and built by real estate professionals and also managed according to the logic social oriented. A portal opened to the potential of Web 2.0. Experience of more than 12,000 industry professionals get the most innovative solution for the management of its real estate reality and integration with fellow real estate agents located throughout the world, which will allow you to quickly find a property meets your needs.

 

The site was created under the auspices of Fiaip, Italian Federation of Professional Real Estate Agents, which has always worked to make more ethical and transparent real estate market.

Tips for Buying Real Estate Online

The Internet has changed modern life in many ways, including the way that people buy and sell real estate. From real estate broker websites to personal blogs on real estate, there is tons of online information for potential buyers to utilize. Though most people already use the internet to search for homes listed for sale, there are some other things that can be done to get even more value out of shopping for real estate online.


Compare Homes

Online shopping allows people to compare homes side by side from the comfort of their own home. Though nothing replaces an actual property viewing, an online look at a home is a low stress environment that allows buyers to view the home without the pressure of a broker or other shoppers. The Internet also allows buyers to simultaneously look at similar homes in various areas. For example, an internet shopper can search for and compare all of the three bedroom homes with-in a 15 mile radius of his or her work.

Neighborhood

A residential or commercial real estate property is only as good as the neighborhood that surrounds it. The Internet allows a buyer to quickly learn about the neighborhood in which a real estate property is located. For example, a buyer can learn about the crime rate, the quality of area schools and the proximity of local stores and restaurants. Online mapping programs can even allow a remote buyer to view the local area from another location.

Research Values

There is often a vast difference between the asking price of a home and the actual selling price of a comparable home. An online shopper can quickly look up information on past selling prices for similar properties before viewing a home. With a smartphone, a buyer can even look up these prices while at a home or in a real estate broker's office. Having this information on hand at all times can help the buyer to negotiate the best deal possible.

Networking

The Internet allows a person to share information quickly and easily with people that they know. By posting on a social networking site that a person is interesting in buying a house or other real estate property, the buyer will let everyone know that he or she is in the market. This can help the buyer to uncover reel estate that is not yet listed, motivated sellers or for sale by owner properties that are often missed through traditional real estate searches.

Loan Acquisition

One of the most important parts of shopping for real estate is qualifying for a loan. The Internet provides shoppers with access to lenders all across the country that can best meet the buyer's unique needs. For example, a buyer with credit problems can use the Internet to find mortgage lenders willing to work with him or her to qualify for a loan. A buyer with good credit can also use the Internet to find the best deal on a mortgage loan which can result in thousands of dollars of savings over the life of the loan.
More information, please visit :

About Dubai Real Estate 2013

2012 will always be credited as a year of celebration, optimism and robust recovery in the history of Dubai real estate as it brought various good news related to the performance of this sector. Local and international investors, who had lost confidence on Dubai realty sector after economic crunch, flew back to Dubai to complete several property transactions during the previous year. The sector's growing performance also impressed and encouraged newbie investors to enter into the sector with renewed confidence. Property prices, which had fallen by more than 50% during the course of 4 years since 2008, finally showed an upturn during 2012.

Performance highlights of 2012 revealed that the prices of villas and apartments have increased by 21% and 7-8% respectively. This increase predicts a prosperous future and can pave the way for robust recovery ahead in 2013. However, there some are experts who believe that re-inflating property prices and launching of grand property projects has its own set of risks. As per these experts, officials and developers should adopt a cautious approach otherwise the recovery will be slowed down in 2013. Let's discuss the factors that are slowing down the process of recovery in Dubai real estate sector.

Oversupply!

Residential real estate sector of Dubai will continue to experience an upturn in 2013 but the growth pace will be slower compared to 2012 due to the delivery of a number of residential projects across Dubai. With various property projects at different secondary locations, the recovery is expected to extend to wider areas of Dubai, which was previously limited to only prime neighbourhoods. At the same time, around 50,000 property units will be added to the supply line in the coming three years. It may not make some difference now but the fact is that Dubai is already under the pressure of oversupply. More property projects in secondary locations may lead to a decline in the rents or property prices, which can also affect rents and prices Dubai property for sale in posh areas.

Grand Property Projects are Back!

With stability in rents and sale prices of Dubai properties in the year 2012, 2013 is predicted to be a year of robust recovery and Dubai has also rediscovered its appetite for grand and gigantic property projects. Projects like the replica of Taj Mahal, the world's biggest Ferris Wheel and the expansion of Dubai Mall, to name a few, are in queue. One should not forget that Dubai is still struggling hard to come out of the bust and shake-off its effects so the strategy to impress the world with the world's largest, tallest or biggest buildings should not be adopted right now. This strategy led the UAE real estate sector to the verge of bankruptcy in 2008.

Over Confidence!

2012 has revealed that property transactions were 49 percent up compared to the number of transactions that took place in 2007. At the same time, 70 percent property purchases were made using cash as buyers avoided mortgage in 2011. Most of these investors were the ones who had adopted "wait and watch" strategy and invested their money in Dubai real estate sector only when they were absolutely sure that the time was right.

As per the current situation however, it can be said that the forecasting growth based on these statistics is nothing more than overconfidence, which can adversely affect the sustainable growth of the sector in the upcoming years.

If Dubai government and officials will take a cautious approach, not only will the sector recover fully in 2013 but it will also achieve its original highs.
More information, please visit : http://www.bayut.com/

Asia, solid investor optimism in the housing market

Asia, solid investor optimism in the housing market

From the Real Estate Market Survey of RICS Global Commercial fourth quarter shows that the real estate market of northern Asia remains solid. In particular, China, Hong Kong and Japan have shown a sharp rise in sentiment in the rental market and investments. The Survey indicates, however, a more negative trend for the Singapore market, with some key indicators that showed further deterioration.

China

In China, demand for rentals has risen slightly after the slowdown in the third quarter, with net income up to +20. The availability of space is increased. Although expectations on rents remain on a positive territory, the increase in new construction will affect sull'outlook rents in the future. Even the confident investors saw a marked improvement, with a sharp increase in demands and expectations of transactions. The increased appetite for investment is spurring expectations on the capital value.

Hong Kong

In Hong Kong, the requests for rent have recovered at a faster pace in the fourth quarter. The space available has increased but not enough to weaken the outlook rents. Rising demand continues to support the expectations on the values ​​of rents. In terms of investments, the trend is more positive. There was a strong rebound in investment requests, with a net balance rising to +52. The investment market for commercial real estate has benefited by implementing further tightening measures, including stamp duty for buyers and a number of Special Taxes Stamp sales of residential apartments which came into force last October. This has contributed to a sustained rise in inflows of investments in commercial real estate. The principal amount may continue to rise, as indicated by the most positive indicator on future transactions.

Japan

As regards Japan, the net balance of the request rents continue to rise and a faster pace than the available space. This results in a positive performance expectations on rental growth. Investments in commercial real estate remained positive compared to other asset classes volatile, lower efficiency. Investors are increasingly attracted by the commercial real estate market, with the upward trend in investment requests and expectations on future transactions. However, the most promising developments in the investment market have not yet fully impacted the value of capital, which for the moment remains stable.

Singapore

In Singapore, the demand for space in the fourth quarter weakened again, given that the net balance fell further to -38. They grew still spaces available. The outlook for the rental growth has deteriorated further. However, on the investment front, the picture is more favorable. Specifically, investor demand remained strong while expectations on future transactions rose further. In fact, the indicator of the capital value expectations remained positive due to increased appetite for risk.

Real Estate, 5 Tips To Help You Save Foreclosure

There are lots of things that people don't know about the foreclosure process that can be extremely damaging and can mean the difference between saving your home and losing it if you don't get educated. If you are going through a foreclosure there are 5 key elements that you need to understand in order to prevent the bank from taking back your home.


Foreclosure! It can be a scary and an extremely frustrating procedure. There are confusing words and terminology used that most homeowners don't understand along with the mountain high stacks of paperwork being mailed and delivered to you on a weekly basis. It is enough to make you want to scream. The two most critical things you can do during the pre-foreclosure process is to constantly educate yourself and to keep in close communication with your bank. Below are 5 key items you need to know and understand about the pre-foreclosure process and how you can avoid it like the plague.

1. Understanding when the bank will move forward with the foreclosure. The easiest way to get this information is to contact them and find out what their guidelines are. When the foreclosure starts depends on the lender. Some will move forward with it after 90 days of not having received a payment. Other lenders will take longer. Talk to you lender and get informed about how to stop it.

A lot of it also depends on your commitment to work with the lender. If you can convince them that you are willing the work with them then they may not start the foreclosure process at all. Some banks will try and work out a solution that works best for you and your current situation. If you keep them up to date about what is happening with you, your odds will increase dramatically of getting a payment planned worked out.

2. Figure out the length of the foreclosure process in your area. It is different from bank to bank and again, the best thing I can suggest is that you call the bank directly to find this information out. Try and contact somebody directly in the foreclosure department. Some can get it done in as little as 21 days and others may take 6 months or more. It varies from bank to bank.

3. Find out if you have an alternative to foreclosure. There is more than one way to skin a cat and there is more than one way to stop a foreclosure. The options you have depends on your situation. This includes examples like what your debt on the house is, is your financial situation permanent or temporary, would you like to stay in the house or not. Speaking with the bank and a foreclosure attorney will assist you in deciding what your best available option is and how to solve your current situation.

4. Find the right person to talk to at your bank. This is something that may change throughout the foreclosure process. If you contact the bank before the property goes into foreclosure then you might talk to somebody in the workout department. If the property actually falls into foreclosure, then you will more than likely get sent to the foreclosure department. Stay in constant contact with your lender at all times and make sure you are dealing with the correct department at all times. It would be a total waste of your time if you start faxing paperwork and mailing information to the wrong department. If there is one thing I know about the foreclosure process it's that time is definitely not on your side.

5. Figure out what all the paperwork you are getting means. Throughout the foreclosure, you will be getting tons of letters and postcards from attorneys who work with the bank. If possible, hire a foreclosure attorney yourself so that you will know exactly what everything means. If it is not possible to hire an attorney, try and do some of the research yourself so that you have a better understanding of the meaning behind what you are getting. Having knowledge of what is getting mailed to you is vital to knowing exactly where you are at in the foreclosure process.
More information, please visit : http://www.StLouisHomebuyersLLC.com

Norway estate boom!

Norway big city skyline

The Norwegian regulators should impose more restrictive rules for the housing market compared to those in force abroad. This is because house prices and private debt have reached record levels, very different from those reported in the rest of the Old Continent. To make known, Bloomberg agency reported, was Morten Baltzersen, the number one of the Authority for the Financial Supervisory Authority (FSA) in the Nordic country.

"Our starting point is some concern for the growth of private debt and real estate prices in Norway," he said. And the measures taken will not be in line with the rest of Europe because - he said - the starting situation is very different.

 

To contribute to a lending boom of the families were very low interest rates, falling unemployment and rising wages in a country that is ranked fourth in the world for per capita income. And while the rest of the continent was gripped by the eurozone debt crisis, Norway real estate prices have gained 30% since 2008.

Last year, the authority has received from the Government with the task of drawing up new rules for the issuance of bonds, literally exploded since 2007.

 

A concern is the increase in the use of loans as collateral. Baltzersen preferred not to disclose details of the proposed agency, which will be presented in early March.

 

Another idea being considered by regulators mail is to modify the risk weighting of loans in such a way as to require banks to set aside larger capital reserves to protect themselves from losses, dampening the boom in the provision of real estate loans.

A nice sit-com to about real estate agents

"vendesi" - main actors

Often we have heard that real estate agents are not a profession "funny". Without a doubt, this injury was aggravated during a period of great difficulty of the real estate market like the one we are living because, as pointed out by a survey conducted some time ago in the United States own a real estate agent, the dislike of the category comes most of the time not so much the lack of professionalism of the agent or real character of the individual components, but the fact that the real estate broker represents for many the personification of dreams and expectations dashed. On the one hand those of the owner that he wanted to get a higher price (even if unrealistic) from the sale of your property and, second, those buyers who may be forced to give up the house they wanted or discount which had aimed .

That is why it really interesting experiment placed online these days by a couple of Italians real estate agents who, with the declared intention of making nice to the whole profession and to provide practical help and free to all those who are struggling with the purchase, sale or lease of a property, have created the first website dedicated to this Italian-com sector.

It is 10 episodes (for now only the first online) a small sit-coms, whose transmission is provided only via the web, through the dramatization of real events to the two professionals in their work, said some key issues in real estate transactions, such as the deposit, the energy certification or expenses.

Sit-com webstite: http://www.vendesi.tv/

Economy. Journey to the roots of the crisis, European banks have been up to?

a black cloud over the world

The chronicle and political force us daily to deal with words and concepts related to economic matters. Terms and expressions borrowed from the colorful jargon of finance or economic doctrine, have become commonly used on the basis of the violent changes in place for some years, but their meaning is often shrouded in the mists for those not into the matter.

TOXIC AND MALE INCOME SECURITIES

Never like today is very timely, as a result of recent developments in the case of European banks, hear about "derivative" investments classified as financial products created in 1920 and in the years to come, purchased by banks around the world. It should, however, do so clearly on the subject to understand what a derivative and by whom it has been used over the years by dragging the entire global financial system to the economic meltdown. The term "derivative" or "derivate" refers to a financial product identified as speculative title contains within itself a large number of subtitles at great risk. This appears to be the result of a finance called "creative" that produced disastrous effects on markets and financial centers defined strategic, among them New York and London. The already dangerous product itself has become devastating when it has approached banks behaviors unclear and even little lawful. And 'the beginning of the new millennium that some of codeste banks gave start to what today we can clearly define "economic decline". It all started with the U.S. such as Fannie Mae and Freddie Mac, banks defined sisters, and the famous Lehman Brothers founded by two German brothers. Once again the "families" in American society are confirmed carriers of dangerous mishaps despite the same America you define in the eyes of the world, a big family.

So while Lehman Brothers was ordered by the General Court of the United States for misconduct in 2000, Fannie Mae and Freddie Mac specializzavano in the supply of subprime mortgages, outstanding loans granted without receiving any guarantees in this regard. Only in the period from 2002 to 2006 's provision of these loans has increased from $ 38 billion to 90. U.S. banks to protect savers become true generating and sellers of "bad economy."

LEHMAN BROTHERS. OR THE TAIL OF THE DEVIL AND THE BIG STORY

Lehman Brothers is the name most frequently used in a negative way in economic history that goes from 2000 to 2008, a period in which the investment bank leading the United States will be declared bankrupt, September 16, 2008 due to insolvency, causing the biggest economic disaster of the financial crisis that has been recorded by the U.S. in 1929. This is despite Alan Greenspan, one of the best governors of the Central Bank of the United States, had cut interest rates the Fed at a record low of the last 45 years bringing the percentage of the one.

Events have also contributed to the fall of the world economy. The tragedy of the Twin Towers, September 11, 2001, and all outbreaks of wars that have resulted from it, have helped to drag the economy into the "financial storm". The term today is frequently used and is linked to the name of a Russian-born economist Nouriel Roubini, then unknown, but only predict two years in advance of the severe economic turmoil in September 2008. It 'just the story, with its disasters, to offer an additional side to creative financing and its toxic assets, effects of the derivative. With the destruction of the Twin Towers disappeared forever some of the best financial minds, settled just inside the two structures, which operated for commercial banks and monetary-financial companies with global interests.

Lehman Brothers and investment banks clones taking advantage of the special and delicate historical moment have flooded the market with additional financial toxic assets. E 'enough to consult the Federal Reserve data to verify the progressive and destructive course: the only period 2003 - 2007 subprime mortgages flowed from 332 billion to 1.3 trillion dollars.

GET THE CONTAGION

In the course of just six years, Lehman Brothers rises exponentially in the sale of toxic assets in the enterprise involving unscrupulous banks of the affairs of other countries. The follow Japan's Nomura, today all over the papers for the scandal MPS, and many other sisters triggering that effect "domino" that currently can be seen on all financial markets from Europe and overseas and levied in those dominated by market economy .

Lehnman Brothers & C generated children and stepchildren who currently do not enjoy good health at all, in fact, need rigorous treatment to prevent their evil becomes even more serious in fact causing a further deterioration of the state of the world economy.

The action of this perverse financial world has brought with him, like a tsunami, other illustrious victims, in the insurance and real estate. AIG, a leading American insurance company, declared bankrupt in 2008, is one of these victims. Martyr also its own insurance of subprime mortgages. Following the collapse of Lehman Brothers the current Governor of the Federal Reserve Ben Bernanke, Greenspan's successor, it was the protagonist of the first operation to rescue the U.S. economy measure in evaluating the $ 750 billion, a figure of fact, far lower than that of loans issued and never guaranteed.

Unjustifiable myopia

And European banks as they reacted to the crisis? The German, English, Irish, French, Spanish, Belgian and Dutch to avoid bankruptcy by toxic assets held in the financial statements have been nationalized or acquired by the State with the pragmatic consequences for the debt of sovereign states. In front of this mess is a question of obligation: "Where were all these years supervisory bodies of central banks and national banks?" Answers will vary, but none, absolutely none, can never justify what for many years has happened, is happening and will happen unfortunately.

Black numbers for housing market. Crisis!

Crisis make me cry

ITALY - Black for the housing market crisis, which also affects a small part of the demand for mortgages.

A enderlo known is the Fiaip Federation (estate agents referring to cercacasa.it) which publishes the data on the year 2012, emphasizing a reduction of 11, 98% of real estate prices and a reduction in the number of sales of 17.22% compared to 2011.

The effects of the economic crisis are also found from the analysis of a larger period, ie the five-year period 2008-2013 (according to the experts, the period of real economic crisis), where the only housing prices have fallen by 20-25 %, even the sales have been reduced by 40%. Compared to 2012, net also decrease the prices of rentals, from -5.6% of the locations for housing to -12.5% ​​of the leases for commercial use.

Fiaip appears slightly confident hope of a slow recovery in the second half of 2013 will persist if the conditions of political and economic stability. The real estate market of non-residential showed a decrease in the price of 14.89% for the shops, 15.27% for offices and of 15.04% for construction, with a decrease in sales which amounted on average around 20%.

43% of the trading is done with the use of mortgages and loans, but with a slight reduction in requests and disbursements compared to 2011. Among the cities, the gold medal for the decline in residential property prices in Perugia, the Umbrian capital is recording a peak of -17.13%; reverse speech to Taranto where property prices have fallen by "only" 2 %.

Italy - Black year for the housing market, house prices collapse: Rome -15%

Italy - Black year for the housing market

Fiaip: in contrast Taranto. For the first half of 2013 the market still

Rome, February 15 (TMNews) - Black Year, 2012, for the housing market: the sales fell by 17.2% and housing prices have fallen by 11, 9%. To provide the data is Fiaip (Italian Federation of Professional Real Estate Agents) which released the report on the progress of urban real estate market scenarios for 2012 and 2013.The 2012 "closes with a market stagnation in a context in which the indicators marked a decline in real estate prices in the residential and commercial real estate market," said the Federation. For the trades "there is an average trend of falling prices of '11.98% for houses, while falls the number of sales that amounted to -17.22% in 2012." Sharp decline, then the price for leases for housing and commercial leases -5.60% -12.5% ​​compared to 2011.

House prices fell throughout Italy in 2012 and even in big cities, with record declines in Perugia (-17.1%) but also in Rome (-15%) and Milan (-14.2%). From the 2012 report Fiaip there was a strong general decrease in all cities, "with the exception of Taranto who photographs a reality in contrast." The remaining reductions ranging between -5.75% -14.36% of Avellino and Palermo, passing between -8% of Florence - 8.43 of Venice, -11.11% of Salerno - 12% Genoa - 12.83 Udine, -12.86 of Siena - 13% of Naples - Bologna 13.74 - 13.75 Torino - 14% Cagliari.

"Although the market has discounted the beginning of the crisis to date, more than 40% decrease in the volume of trade and a decline in values ​​that on average amounted to about 25%, the brick - said the Fiaip - guaranteed Italy in a "holding" higher than other forms of investment, through the support of a "demand-established" that contained further declines preventing the occurrence of the explosion of so called "bubble".

Last year, property transactions fell to share 470mila. For the first half of 2013 the market is expected to remain firm: Potential buyers are discouraged and wait "at the" possible new sull'Imu of the next government and the arrival of better times. A benefit is, therefore, the rental market. For Fiaip "only the political and economic stability will enable the start of a slow recovery in the second half of 2013."

Real Estate in the Smart City

Improve the town to get to improve the quality of life of citizens: in summary, this is the principle behind the Smart City project, started by the Eu to promote the creation of shareholder virtuous among government, private businesses and research institutes, in order to give substance to plans that promote the sustainable improvement of urban centers.

Whether for purely historical, artistic and architectural, that for reasons related to management of the property usually controversial, afflicted with extreme superficiality and reckless urban expansion, going back to the time scale of economic growth after World War II), also think about defining a brand new Italian towns, can be an task challenging, but, however hard, it is clear that should be addressed when we truly want to make the journey to reside in urban areas more eco-friendly. Regarding Italy, the Lioness is, yes, distinguished by having been given a grant of 20 million - by the EU - to pursue "smart", but therefore far, nothing has moved to put at the center of 'attention to the problem of creating the town public and private, with a view to probable (and desirable) redevelopment to have, in fact, a "smart city".

And it is correctly to treat this absence that Editions 12 and head on the web BsNews, take the subject by organizing the meeting "Real house in the Smart City - Integration and Development", planned for Sunday, February 13, at the Teatro San Barnaba course Magenta, in Brescia, the debate will soon be divided in to two components (morning and afternoon), and give the possibility to hear and compare the points of view of the management and of local trade associations, figures entrepreneurship Brescia, and also experts from outside the state.

Upstream of, two objectives: the first is cultural, is to launch a brand new attitude on the section of individual citizens contrary to the building. The essential consideration is that if you really wish to are now living in a town more eco-friendly, it becomes necessary to be able to know the quality of the property, have knowledge that serve to find the home built with energy saving, have knowledge to be able to select the house that best suits your requirements and it's really up with the occasions, that's "smart".

Second intent behind the discussion is to generate problems for the revival building, a market that's certainly one of the foundations of the Italian economy, and Brescia in particular, and that is blaming them most seriously affected by the crisis. According to the organizers, the restart of the sector may well be the case if the administration intervenes to accomplish and improving neighborhoods where the majority of the qualities are not included in the canons of eco-sustainability, or where there is a top proportion of homes not in step with the situations, homes that, if we're to regard the setting, should be "scrapped" means everything to promote the private sector to spend money on recovery operations, or rather, "destruction", to make certain job opportunities and profits, while administration centrerebbe the objective of sustainable urban development, without any obligation should bear the costs.

Ultimately, the idea of the discussion is to provide the Smart City, the city ecological, realistic city, such as (complex) process to be completed by the action of directors who create the conditions necessary to make sure that producers have an incentive to participate in the recovery and in understanding - thanks to the systems and components of last generation - the existing building fabric.

Eight million pounds in an ancient castle in Scotland (ghost included)

how much would you pay for a real ghost?

One of the oldest still inhabited castles in Scotland is on sale for eight million pounds, about 9.1 million euro. The Blair Castle located in Dalry, in Ayrshire, is a real piece of Scottish history, inhabited by the same family for nearly 850 years: the whole structure, such as a thousand acres of land owned are in perfect condition, without sacrificing modern conveniences, as the heated pool. The building dates back to 1100, a period in which it was made even the Norman tower, part of the family that Blair was given the title of barons by King William the Lion.

For those who are looking for real estate of great prestige, an ancient castle, in the countryside of Scotland, could be an ideal solution.

The two owners have decided to sell only because they spend a lot of time abroad, where he lives part of their family, and fear of not being able to keep in perfect condition.

Real Estate Dictionary

Welcome to the Real Estate Dictionary. This website is being created to help people understand all aspects of Real Estate. Each week a new topic will be added to the Real Estate Dictionary. If you have any information pertaining to Real Estate please feel free to share it on the blog. Please contact me for any questions at clinton.muehlenbrock@yahoo.com. I think forward to helping everyone have all the information needed to maked an informed choice before investing in Real Estate. Once again thank you for contributing to Real Estate Dictionary.

We Buy Houses Scam

The Real Estate Dictionary topic of the day is, the increase in companies saying that they will buy houses. These are known as We Buy Houses Scam. We Buy Houses Scam is conducted with less then transparency. The Real Estate Dictionary feels this is a disgusting scam that preys on the weaknesses of peoples financial hardships. This scam uses many tactics to rip people off.

The Real Estate Dictionary has identified many methods they use. The first method they will use is the sign over responsibility contract. We Buy Houses Scam preys on people who are in threat of foreclosure. They will get the owner to sign over the rights to the house with a option to buy. They will then find a renter and hope the market recovers and try to find a buyer. If they do not find a buyer they turn back over the responsibility to the owner and they have profited off of rent money and then the owner still loses the house.

The second method The Real Estate Dictionary has identified is offering to buy the house for the price of pennies on the dollar. This is done through a short sale. A short sale is not a bad thing or a scam until the We Buy Houses businesses utilize it. They will work out a deal to get the home for pennies on the dollars with the approval of the current owner. They will then lie to the current owner and say to them you take on the difference in debt and we will reimburse you. Many times the reimbursement never occurs.

The Real Estate Dictionary has created a scenario in which the scam may be used. An example of We Buy Houses Scam goes as follows: A home owner is getting ready to be foreclosed on. The total outstanding loan amount is $150,000. The We Buy Houses Scam companies will convince the current owner to sell their home to them for $100,000 dollars and the owner and the bank agrees. In this case the bank only agrees to $120,000. The scam company convinces the owner to make a debt repayment plan to cover the difference. So the bank absorbs or loses $30,000 and the owner absorbs $20,000 in debt with the promise to be reimbursed by the scam company. The We Buy Houses Scam company gets the home for $100,000 and the home owner still goes bankrupt and their credit gets destroyed because they did not do as promised to the owner.

The Real Estate Dictionary has released this post in order to teach you to be very careful who you sell your home to. Yes these companies will buy your home but most likely yes you will be the one losing in the end.realestate-encyclopedia.blogspot.com

Finding Affordable Homes

Real Estate Dictionary has identified how to find affordable Real Estate even though it appears impossible to a significant number of people. The reality of purchasing an affordable home is that it is very simple. There are literally hundreds of ways to find discounted Real Estate. The following are the most common identified by the Real Estate Dictionary:
1. Cosmetically injured.
2. Bank owned.
3. Wholesale.
The first way to find an affordable piece of Real estate is to search for a property that is cosmetically injured. Cosmetically injured is a property that appears to be a property in bad condition. These are properties that need paint, carpet, cabinet refinishing, new appliances, and updated fixtures. Each one of these items can reduce the price of a home when it comes to appraisal. The fact is that most homebuyer’s lack the imagination to see what a home could look like fixed up. It is possible to find homes like this for up to 50% below market value. Purchasing one of these properties and spending a couple thousand dollars is your first way of obtaining the dream home at a decent price.
The second way to find affordable Real Estate at a decent price is to look for bank owned property. Bank owned properties are those that the bank foreclosed on the owner due to lack of payment. The reason it is wise to search for this type of property is because the bank simply wants he amount owed. What this means is that if someone purchased a home for $200,000 in 1990, the amount left on the mortgage is going to be significantly lower. The following is an example without interest being computed:
$200,000 (Original purchase price.)
-$133,000 (Total paid by original owner over 20 years.)
________________________________________________
$67,000 (Amount the bank wants for the property.)

As you can see from the equation above, the potential for the dream home and the dream price is very real and there are literally thousands of them on the market. The only challenge of getting a property like this is finding them. Generally you will not find these on the regular Real Estate market because many banks fear it will scare potential borrowers. The way to these homes is to get a realtor that specialized in bank owned property.

The third way to find the dream home for a great price is to purchase the property wholesale. Whole sales Real Estate are homes that are purchased by an individual who specializes in being a middleman in Real Estate transactions. Generally these homes are purchased for 60% of the market value or less. The whole sale specialist then looks for an investor who is wiling to purchase the home for a couple thousand dollars more then what they paid for it. Once again these homes are cosmetic homes and the only difference is that the home search has been completed for you.

In order to find whole sale properties you have to find he whole sale specialist. Whole sale specialists can be found two different ways. The first way is by doing a simple web search, just look up whole sale real estate. The second way to find whole sale specialists is to search the classified listings on your local newspaper.

There are literally hundreds of ways to find discounted Real Estate. Using the three methods listed in this article will open up new doors to having the dream home. Finding a discounted home is simple, it takes research, ability to imagine a damaged home being beautiful, and persistence. Do not give up your future home is out there, just go find it. Real Estate Dictionary home.