Analysis of real estate market

05.08.2009 00:00
Real Estate Market Analysis | Analysis of real estate market U.S.: sales of second homes are rising. UK: sales of housing and mortgage loans also come in growth. Australia: The country raised the price of land for residential development.

Sales volume of secondary market in the United States in June grew up the third consecutive month. This is the first time since 2004, when residential real estate market of the country were booming. The average sales price of the object of American "secondary housing for the period from May to June, up from $ 174,700 to $ 181,800. In addition, in June increased the number of bookmarks of new foundations for private residential single-family homes, and the fastest in the last 4,5 years pace.
As reported by construction companies in the UK Federation (HBF), in the first half of this year sales of housing in the country began to grow. According to the Council of Mortgage Lenders UK, in June, the total volume issued in the country's housing loans grew by 17% compared with May.

Related article: Primary real estate market 2011: trends and forecasts

One of the world's largest banks - Bank of China - began to issue mortgage loans on the domestic market of Great Britain native Britons. Earlier recipients of loans were mostly from the Chinese diaspora living in the country. For borrowers set very low on local conditions interest rates are only 2.5% above the official discount rate of the Bank of England.
In Australia, the prices of land for residential development. Average price of land in the first quarter grew by 7.4% quarter on quarter, to $ 141 thousand
In the second quarter of 2009, housing prices in the Czech Republic declined 5.5% quarter on quarter. However, negative changes is not characteristic for all market segments. Quality sites in good areas showing price stability.
Also in the second quarter dropped prices in Bulgaria. They declined
10% the previous quarter and up 22% on an annualized basis. Average cost per square meter of residential real estate in the country fell to ? 551.2.
According to the Ministry of Housing of Spain, in June, house prices in the country fell by 8.3% on an annualized basis, up to ? 1,920 per square meter. m. According to the statistics of the largest appraisal company Spain Tinsa, decline for 12 months was more pronounced and reached the national average 10.1%. The volume of home sales in May, according to the National Institute of Statistics, decreased by 35% compared to the same period last year.
In June, house prices in the Netherlands fell by 3.7% year on year. Sales volumes decreased by 3.5% in May and by 37% - compared to the previous June.
In the first half of the sales of apartments in the Lithuanian capital Vilnius were down 70% year over year. The cost of apartments in the same period fell by 17%.
Publication Wealth Bulletin has made a rating of streets with the most expensive residential property premium in the world. First place was taken Avenue Princess Grace in Monaco. Average cost per square meter here is $ 120 thousand for comparison: in Moscow Ostozhenka, who finished ninth in the list, "square" luxury homes worth an average of $ 35 thousand
Starting from January 1, 2010 individuals who for four years, will sell no more than one property in Singapore are exempt from income tax. Currently, uniform legislation in this regard in the city-state does not exist and each case is considered separately. In the case of a sale to private entity more than one object in four years a decision on the amount of tax will make tax authorities.
In conclusion,
A resident of the U.S. state of New Jersey, that should have been evicted from your home for mortgage debt, devised an unusual way to pay off the loan. She decided to bake apple pie 100 and sell them for $ 40 each. Information about the intention of a woman appeared in the local newspaper, then spread on the internet and attracted the attention of federal mass media. As a result, the woman has received over 500 orders for its pies. One application was received from Hong Kong.
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