Despite the economic uncertainty, the global real estate market continues to evolve

16.02.2012 09:31
Articles about real estate | Despite the economic uncertainty, the global real estate market continues to evolve In late 2011, many experts predicted that the problems of the world economy will affect the sale of real estate. However, the performance of IV quarter were higher than expected. At the beginning of 2012 in most major markets is growing.

A new crisis is not so heavy as the previous

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In a difficult situation was Europe. At the next EU summit, which was held January 30, 2012, failed to develop a clear program of recovery. The problems of the euro area reflected on the global economy.

However, in the U.S., by contrast, is expected to rise. The number of unemployed in this country steadily decreases. Japan's economy is rising, too.

Experts believe that the coming recession will affect mainly the euro zone and do not bring such serious losses as a crisis of 2008-2009. It is projected that in 2012 the world GDP will grow by 2.7% (in 2011 this figure increased by 3.0%).

Sales of commercial property are not reduced

In 2011 the total investment in commercial real estate amounted to 411 billion U.S. dollars - 28% more than in 2010. Here in America, an increase of 59% on average in Europe, the Middle East and Africa - 20% in the Asia-Pacific - 6%.

Especially remarkable recovery was observed in the markets of Central and Eastern Europe, Russia, U.S., Latin America, Germany and Scandinavia. Most funds were invested in commercial real estate United States (34.1 billion dollars), Britain (12.6 billion), France (9.3 billion), Germany (8.2 billion) and China (5.0 billion).

According to analysts of LaSalle, in 2012 in commercial facilities around the world will once again be invested nearly 400 billion dollars.

The global housing market: the leaders and outsiders

Actively developing the market of apartments in the United States. During the first quarter III 2011 share of unclaimed objects dropped by 1%. The number of newly fallen to a record low and the demand for rental apartments has increased. The U.S. population is growing, and analysts predict that 2012 will remain unoccupied for less than 5% of the apartments.

However, more and more United States citizens rent houses and apartments rather than buy them. Since the mid-2000s the proportion of owners fell by about 3% and falling.

In 2012, will continue to grow and supply of primary residence and the demand for such properties. Among the favorable factors for this market - reducing unemployment, which should continue in the near future. Rent will go up steadily.

In Asia, sales of residential real estate decline. In Shanghai and Singapore decreased proportion of popular high-end facilities. In Manila and Jakarta, this decline is not because there is reduced demand from the local population. The average rate of price increase for the region slowed lease. Greater total fee for tenancy in 2011 in Jakarta increased (3.8%) and Beijing (2.8%).

In the market of Dubai is becoming more and more distinct separation into two segments, which are developed in different ways. The first segment is relatively small - a luxury housing. The cost of purchasing and leasing of such real estate is growing. The second - a massive market, which suffers from an excess supply, so prices are still declining.

Housing prices in Germany and France in 2011 increased significantly - by 7% and 8% respectively. But in most European countries, homes and apartments fell by 2-6%. In some markets, the decline was even greater: for example, in Spain, house prices fell by 8%, while in Ireland - 14%.

The average UK prices have fallen by about 2%, but in London, formed an entirely different situation. Luxury real estate in the city center for 2011 increased by 8.8%.
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