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 .

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.

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.

Luxury villas and homes, sales increase in Italy

luxury house with pool

The luxury real estate market does not seem to have suffered from the crisis, indeed.

The analysis conducted by an indipendent observatory analyzed the sales of luxury real estate in Italy (here some examples of luxury homes and villas in Italy), recording an increase of 16% between 2011 and 2012.

You can buy real estate property and more throughout the boot and especially from abroad, particularly from Russia. Data that bode well for the industry in a time when other properties are still on the other hand if not in decline: Istat has photographed the real estate market in the same period that saw a decline in sales of 23.6%. Italy thus confirming land of beauty, able to attract foreign investors, attracted by the beauty of our country and the most exclusive houses.

The types of luxury homes in Italy ranging from ancient to modern, following the most beautiful routes in our country. The archaeological wonders, cultural and gastronomic traditions, natural beauty, ranging from the sea to the mountains, the reasons for living in Italy are many, especially for foreigners who have bought more prestigious properties between 2011 and 2012. The figure that emerges from the research speaks of buyers in the United States increased (+9%) and England (+3%). The most significant of these is Russia, which is an increase in double figures with a + 12% of searches on the portal, in particular from Moscow (+55%) and St. Petersburg (+30%).

Different types of luxury homes affecting buyers from Russia are wondering designer villas, while the British confirmed the charm of the Tuscan countryside (Chiantishire) or the cities of art, primarily Florence, Venice and Rome, while the U.S. recall Made in Italy remains the strongest.

Even the location vary according to the groups of buyers with a preference of Russian classics of Italian luxury in places like Lake Como, the fashion district of Milan and Sardinia, while the British link historic houses and castles of the Tuscan hills, the masserie or historic buildings in Venice, followed by the Americans who alternated historic farmhouses to villas and housing design.

Always the Russians are also distinguished by the greater purchasing power for luxury homes ranging from 10 thousand to 15 thousand euro per square meter, exceeding 15 thousand when it comes to villas in Costa Smeralda: the lower the average expenditure of British and American between the 8 thousand and 12 thousand euro per square meter.
 

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 %.