Latest news about world real estate: what you need to know

The mortgage and financial crisis has passed, but in some countries their consequences are still noticeable. In the United States, the situation has only worsened recently. There are a lot of houses for sale for debts in the United States, but the purchasing power does not increase and the demand for houses is falling. For 2011, about 4.5% of all houses in mortgage credit were set up for non -payment. People began to take mortgage loans less, as well as to move, because in most cases, having sold their housing, there is no longer enough of this money in the new place to buy a similar new housing. The price index in 2011-2012 decreased to the level of the beginning of 2003 and stopped at the mark below the minimum post-crisis level. Real estate prices continue to decline, but not at a pace as earlier and the hope appears that the situation can stabilize. Only for this it is necessary to improve the situation in the economy. The improvement of the situation no earlier than 2013 is predicted. If we consider situations in the real estate market in certain states, then it is very different. In the states where the sale of a house due to debts takes place without a trial, houses are sold more often and faster, and in the states where the trials are delayed for many months, and sometimes years, sales are very insignificant. Raising prices is observed in the coastal cities of America. Due to the fact that in developing countries the economy develops and a large number of wealthy people who can afford to buy real estate by the sea, for example in Miami, prices for houses rose by 50%. The most active buyers are the Brazilians, they not only pay for all purchases in cash, are the most numerous customers, but they also acquire the most expensive real estate. The average price of houses that they most often acquire is more than 200 thousand dollars. It should be noted that this is the highest indicator of all foreign buyers. This situation is also explained by the fact that so far in the United States prices have increased, real estate prices in Brazil itself have grown noticeably, in some areas an increase has occurred 2 times. This is partly due to the fact that in recent years in Brazil there has been an increase in the number of loans by more than double. Elite real estate also went up in price in China. In Asian countries, compared to the rest, loans are quite affordable and cheap, which is also reflected in raising prices.

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