Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Wednesday, 29 March 03:02 (GMT -05:00)



Business And Politics News

European Housing Market Outlook 2013


 

Foreign investors have always treated Europe like tourists treat places of interest.  That is why residential property in Europe is especially popular among foreigners (especially among those well-off people from the ex-USSR). They like buying apartments and villas in resort coastal areas of Spain , France, Italy and other EU countries. Moreover, residential property gives foreigners more rights in the Schengen Area.
 
 
Market Leader and Masterforex-V Academy tried to take a look in the near future of the EU housing market. First, let’s overview the market situation in 2012.
 
European Housing Market. 2012
 
The price changes weren’t smooth and unidirectional throughout the year.  Most housing markets in the EU were bearish. In Greece, Spain , Portugal , Netherlands and other eurozone states, the local housing markets are still declining amid uncertainty and instability caused by the continued eurozone crisis. People simply cannot afford to buy residential property. Some of them fail to pay their mortgage loans. The housing markets in Croatia and Latvia are the frontrunners in terms of price decline.
 
According to GlobalPropertyGuide.com, which monitors housing markets around the globe, 14 out of 23 monitored European housing markets are in decline. Only 9 of them are bullish. Moreover, the world’s 9 weakest housing markets also belong to Europe.
 
In particular, Greek residential property depreciated by 12.47% in 2012. Spanish property depreciated by 11,87% during the reporting period. At the same time, the Bulgarian and Turkish housing markets were down by 6,84% and 4,96% correspondingly.
For example:



1.      Spanish residential property. A villa in Costa Blanca North (Moraira), 240 sq. meters, 200 meters away from the sea.  It cost €577 500 in 2011. The current price is €525 000. This is a 10% decline.
 
 
 
2.      An apartment in Costa Blanca South (Punta Prima), 85 sq. meters, 200 meters away from the sea.  It cost €253 000 in 2011. The current price is €230 000.

 

 

 

 

1.       Turkish residential property. A villa in Antalya, 224 sq. meters, 200 meters away from the sea, personal parking lot. It cost €351 500 in 2011. The current price is €325 000.


 

 

 

 

1.      A townhouse in Antalya , 135 sq. meters, 500 meters away from the sea, swimming pool, developed infrastructure.  The current price is €239 000. This is a 9% decline. As compared to 2011.
 
 
 
The situation in Switzerland and the coastal area of France remain relatively stable. The housing prices in those regions are traditionally around the top of the price range. The demand of the residential property there is quite stable. The same can be said about several areas in Italy as well as London and Paris. 
 
Most experts assume that more investors will get interested in hotels in 2013.  
 
 

 

 

 

European Housing Market Outlook 2013
 
Experts anticipate a decline in the following European housing markets:
·         Spain (-40%)
·         Greece (-20%)
·         Italy (-15%)
 
The markets will keep showing weakness because of the crisis phenomena that can be seen in the mentioned economies. Some of them say that the sellers of the most liquid housing assets may wait till the situation improves.



1.      Italian residential property. They say there is a clear tendency that implies higher demand for luxurious residential property like villas, castles, mansions, penthouses.
 
At the same time, the prices on mid-class property are falling.  Moreover, more people start investing in fixed property under construction because the price is much lower than the one that will be set afterwards.
 
As for the north of Italy, which is usually considered to be the more prosperous area, it seems to be suffering from multiple crisis phenomena as well. Housing prices in the area are expected to fall in 2013.
 
The picture above represents a villa in Camaiore. In 2011, it cost €3 780 000. The current price is €3 600 000.
 
2.   Bulgarian residential property. They say the housing market will stabilize in 2013. The market used to show weakness because of undeveloped legislation.
 


 

1.      French residential property. The French housing market is expected to see stagnation in 2013.Even though some housing units located in resort areas may become more expensive, the increase won’t exceed 5-7%. The rest of the market won’t see any major changes.
 
 
The picture above represents an apartment in Nice. In 2011, it cost € 812 500. The current price is € 650 000.
 
 
In general, experts say that the overall tendency in Europe’s housing market will be positive. However, it is reasonable to purchase residential property for personal use only because leasing cannot be const-efficient at the point while it will be impossible to resell the property at a higher price in the near future.
 
 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Soros, Rockefeller and Other Billionaires Ask U.S. Government to Raise Taxes for Them

The State of New York’s richest citizens – including some of the world’s richest families such as Soros, Rockefeller, Disney and others – have signed a petition to ask the local authorities to raise the taxes for the super-rich.

 

 
The extra money allocated as the result of those tax hikes are offered to be spend on schools, infrastructure, support for the homeless and other important things. The billionaires say that it’s time to invest in the long-term economic attractiveness of New York.
Publication date: 25 March 06:02 AM

Polish Defense Minister Calls Donald Tusk a Traitor

Not so long ago, Poland found itself in the middle of another political scandal. The thing is that the Polish Minister of Defense accused President of the European Council Donald Tusk in a diplomatic betrayal. For those of you who don’t know, Donald Tusk used to be the Prime Minister of Poland.
 
To be more specific, Donald Tusk was allegedly cooperating with Vladimir Putin when he was the Prime Minister of Poland. They Defense Minister claims that the aim of this cooperation was to undermine Poland’s national interests after the Polish President’s airplane crashed in Russia in 2010. Apart from the President, there were 95 people on board, including a lot of high-ranking Polish politicians. Unfortunately, nobody survived the crash.
 
Publication date: 24 March 09:48 AM

Candidate Macron Is Against Tighter Relations with Russia

Emmanuel Macron is a former French Minister of Economy and one of the candidates of the post of the President of France.  He thinks that France should be moving forward to tighter relations with the Russian Federation.
 

 

During the pre-election debates broadcast by TF1, Emmanuel Macron showed that he wouldn’t make friends with Moscow if he elected President of France. He thinks that France needs independence and tighter cooperation with fellow EU countries. He wants to make France stronger and more independent based on responsibility and real European policies.
 
Publication date: 24 March 12:49 AM

Russia's Become More Influential in the Middle East, Stratfor Says

According to Stratfor, a US-based private analytic company, Russia has really become more influential in the Middle East.
 
According to the recent report released by Stratfor the other day, since the Russian federation has deployed its troops in Syria, it has been increasing its role in the entire region. Apart from helping Iran (shipping weapons) and Egypt (investing through Russian tourists), Russia has been actively participating in several regional disputes at the same time.
Publication date: 23 March 09:32 AM

Evgeny Kiselev on 3 Years of Russia's Crimean Shame

For those of you who don’t know, a couple of days ago, Russia celebrated the 3rd anniversary of getting back the Crimea, which was essentially annexation. Evgeny Kiselev, a famous Russian journalist who later got the Ukrainian citizenship, decided to comment on the results of Russia’s annexation of the Crimea that took place 3 years ago.
 
Publication date: 23 March 04:27 AM

Europe Looks Helpless Under the Treat Coming from Russia, Experts Say

According to several experts, including Mikhail Samous, a military expert from Ukraine, at this point the entire Europe looks helpless when it comes to any possible threat coming from Russia.
 

 

To be more specific, Mikhail and his fellow experts assume that Europe has still failed to come up with efficient ways of resisting the kind of a hybrid war Russia has been waging in Ukraine, and even some other places around the world.

Publication date: 22 March 08:43 AM

Trump's in Search of Peaceful Conflict Resolution in Donbass

Donald Trump met with Angela Merkel. There are reported to have spent a lot of time discussing the situation in Ukraine.
 

 

Having talked to Angela Merkel, Donald Trump agreed with the idea of peaceful resolution of the Donbass conflict. However, he also gave everyone to understand that some other scenarios are possible as well. He said that ideally they are looking for the ways and means to resolve the conflict in a peaceful way.
Publication date: 22 March 02:54 AM

Queen Stats Brexit

From now on, the British government is allowed to start the so-called Brexit, i.e. the process of quitting the European Union for good. The thing is that the previously approved document aimed at starting the Brexit procedure is now signed by Queen Elizabeth II. This means that the British government has got a green light to implement the people’s will expressed during the corresponding referendum on June 23rd, 2016. From now on, there is no stopping Theresa may from starting the Brexit.

Publication date: 20 March 11:28 AM

It’s Necessary to Prevent Russia from Influencing the Balkans, Theresa May Says

According to British Prime Minister Theresa May, the Balkan states are in jeopardy. This threat is coming from Russia. That’s why she thinks that European leaders should establish tighter cooperation with those Balkan states that are not EU members to avoid letting Russia spread their influence over those states.

Publication date: 20 March 06:12 AM

Angela Merkel's Gonna Shed Some Light on the Situation in Ukraine for Donald Trump

Several Western online sources report that Angela Merkel is willing to tell Donald Trump all the truth about what’s really going on in Ukraine. The thing is that German observers assume that Donald Trump knows relatively little about the situation in Ukraine in general and the East of Ukraine in particular. That’s why they assume that their Chancellor seems to think that it’s now here responsibility as a European leader to shed some light on the situation and help the U.S. President understand the real state of affairs in the region, especially in the Crimea and Donbass.

Publication date: 20 March 05:35 AM