"Problematic" property is less interested investors

15.03.2011 17:13
Number of objects encumbered debt or put up for sale due to financial difficulties, the owners, by contrast, is gradually increasing. This trend is observed in the major markets of the world and in 2011, experts believe.

According to a survey conducted by the Royal Institute of appraisers (RICS), in the first quarter of 2011, the number of "problem" of real estate will be the fastest growing in Europe, experts say. The most serious infusion of mortgage facilities is expected in Ireland, Hungary, Germany and the UK. Specialists in Property Australia and Portugal are counting on a moderate influx of new proposals, and professional market of Brazil hopes to reduce the number of "problem" sites, wrote Building.

Related article: The situation in Japan may raise property prices in Europe

"The emergence of markets that are still under intense pressure, an even larger number of" problem "of the proposals would inevitably have a serious impact on prices. Nevertheless, in those parts of the world where there is a gradual recovery of real estate markets, it will only lead to limited effect, "- says a study RICS chief economist Simon Rubinson.

Under the "problem" offers professionals RICS understand the objects, whose market value is much higher than the stated price of the seller. Typically, this property has been sold by the owner under the influence of financial difficulties or exposed for sale by the holder of the mortgage (a mortgage bank or agency).

Content tags: Overseas property
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