even as prices at the time of bladder
"The Truth about the English property market " interview with author Borja Mateo
Benissa - tl. "El Mundo" and "ABC" to ask for an in-interviews. Newspapers such as El Perio-dico " or online services such as" Bloomberg "or" egg " (Estratest-Gia de inversión ) quote him: The Wirtschaftsrechtler and book author with the release of " The truth about the English property market" , a GE underestimated interlocutor.
Mr. Mateo, if someone has money left over, would you advise him to buy a property now?
Borja Mateo: No, I'd had-ten, at least until 2014. By then the house prices will fall further.
the time but bought quite a lot ...
With this mini-boom at the end of the end. The abolition of tax relief for the He-acquisition of property at the turn creates an artificial chemical demand. People think they save more with the tax relief as a downward trend in Prei-sen. This is wrong.
Politics animated but fairly regularly to buy ...
Politics is aware that banks and savings banks necessarily their around 900 000 homes should get rid of the best possible price. Let us be clear: The English financial system struggling to survive.
The Director of the Madrid-estate in salons, Eloy Bohua, said recently, the scope for further price reductions would be used. Does he know it?
also Eloy Bohua apartments will sell at a good price. We have in short supply in Spain 5.7 million homes, the empty or for sale, are freshly fer-pleted or are under construction. It can all draw their own conclusions.
So giddy Bohüa?
people like him in 2003 to conceal the reality clear as already was that Spain is a big real estate bubble. Mistake about it: We have today in the still-mer prices as in the times of the bladder.
Would the person who wants to sell the real estate, advised to wait until prices deranziehen like?
If I had an apartment, I would immediately try to get rid of them. Better now than in 2011 when the prices even more wrong-tion.
What are the trends in the real estate market is concerned, certainly regional differences between men's-Un. What about on the coast?
Just one example: On the Costa kang-lida there is a well-known large-scale project. The developer has gone bankrupt. The creditor banks to sell the property now with a discount of 50 percent compared to the price of 2005-2006. I would buy no more than a discount of 80 to 85 percent.
Well, now is an example, but what can one say to the general coastal regions?
What is puzzling, the sharp drop in rents is there. If the rents than the total profit, to create a flat, fall, the cases of rising's insolvency.
But there are still on the coasts of the foreigners ...
The only element that the Cos-ta Bianca or the Costa del Sol helps are in fact foreigners. However, as long as the are not si-cher, that prices have reached their lows, they will not buy.
What is better buy right now or rent?
Currently, it is best to rent . In a pre-existing rental should be confidently negotiate with the Landlord-ter on the level again. In Spain are currently about 20 percent of the leases, characterized in that the tenant does not pay. A good way is to pay the rent six months in advance and receive in return a decent discount.
If the price of real estate lien is still decreasing, so a buyer in a good position gives. How should he behave?
That depends on whether the real estate-lie is not in the coastal zone or. In the coastal zone is home to many foreigners. Here one should in form, at what price in real estate, for which you are interested in has been 2005 offered. From the price moves from one 80-85 Percentage t. The more the flat is not worth it. In areas where there are many Spaniards, subtract 65 to 70 percent.
Who is to blame for the housing bubble? There
culprit there are many, only one person responsible: those who has not blocked it with banks and savings so far is like now, when they Lich daily survival and fight their way in a situation where the Irish are very similar. I will not give the central bank.
... and the guilty?
I would first call the Spaniards themselves and their little off-dominated financial culture, their ability UNFA-think about what they, what actually happened. The cul-ture of the "Pelotazos", the quick profit with little work, like the Spaniards very . This has also meant that the behavior of many property developers not only tolerate but actually has been approved.
note of IFA Agency -editor Peter Basler: 'Great, great, Art. However, I believe that the author of the book here Mateo listed " The cul-ture of the" Pelotazos ", the quick profit without any major work like, the Spaniards very much. " , still many other nations with your citizens also like very much!
Our small IFA-agency team (1 - man-editors) liked this article so that we made a small effort, the print scan, .... and generally made available to the public. CSN like it very much and they inspire us there forgive, sometimes there without being asked a full-CSN also publish articles to to non-subscribers.
recommendation of IFA Agency: here to CSN-Online: http://tinyurl.com/34rw3mx
via this link above you can also reach some remarkable letters from readers on this article in the CSN. In particular, I want this one that speaks to me from the soul:
'Written by Otto Jennebach , on 09-12-2010 21:37
I must be a fruit seller to know that you can compare apples and oranges do not.
The real estate market is certainly not gone to the house prices of each property based.
We still have all the housing developments in mind. Apartments with huge prizes to 100% or more funded.
offer now the responsibility (for banks) as a savior after depreciation and finance to 100%.
now even special financing models 40/60 which in turn are awarded to these same banks.
The potential buyer goes to Bank and before he set up an account to purchase a property, he has the offers to 100% financing, starting with 193 € as an alternative.
We can certainly argue for days about ifs and buts, we are also certainly not aware of any links.
But there are people with your "houses" whether the Montgo or elsewhere that have outlived their property, want to minimize, or even want to return must.
related agents to sell their homes. Also, and just today noch.Nicht necessarily the asking price. But week after week sold homes from this circle.
to non-holiday or holiday property. But as an additional section for a period of time.
this clientele, sellers and buyers, so your ideas in this report to "run over" and keep holding I for not responsibly.
Once again, I would like to emphasize the distinction.
My approach with the ad was intended as a proportion of time possible.
expected after the forecast but offer no longer his property.
Because the buyer is generally recommended to wait 2-3 years!
to consider, without limitation, general, or individual situation.
I see people with broken hearts before your trip in packed bags and torn tickets. Sorry, that makes me think.
I hear every day from the sale of a property to anyone by anyone. And I am not talking about the homes of urbanization.
I'm talking about houses at relatively affordable prices, by residents or long-term tourists "(End quote)
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