To replenish its coffers, the City of Paris has its old heritage. Under the 2013 budget, which will be voted on Monday in Paris council, the mayor plans to sell next year to 175 million euros of assets. An amount up, transfers property having represented 150 million euros in 2011 and 174 million in 2012.
"It sells goods that are no longer useful to the Parisians, ensures Assistant Finance PS Bernard Gaudillère. Example The City had castles in the province once acquired to create camps. Buyers are often local but also investors. cede We also land in the suburbs and small plots of 100 square meters or 200 to Paris condominiums interest. "
In the lot, some pearls
End of 2010, the city had sold to more than 2 million, a medieval castle in Bayac (Dordogne). In 2011, the mansion of the White Street School (9th) was sold more than 5 million to an investor.
In the Marais, at 26, rue Geoffroy's Asnier, the mansion of Chalons-Luxembourg , monument of the seventeenth century, will soon be sold to the highest bidder. The City did not want to disclose the appraisal of the property, which housed the Commission of Old Paris before being abandoned and welcome briefly in February 2012, the collective AClefeu and his " Ministry of crisis of the suburbs . "
Environmentalists call for transparency
This sale should, according to our information, run into tens of millions of euros. "This building requires major restoration, says the Association of Heritage Preservation historic Paris. Better is bought and renovated rather deserted, provided that the rules are respected restoration."
In June, environmentalists have filed a vow calling for greater transparency in the real estate transactions. Bernard Gaudillère remember that all assignments are "subject to the Council of Paris."
Thursday, December 13, 2012
Wednesday, December 12, 2012
Housing expensive ever!
Expensive, more expensive, rent! In the large living report says IMAGE what tenants pay now already have - and what they have expected.
Rents rose brutal
Nationwide, rising rents . Particularly hard hit: the cities. In Hamburg, the rents for 2005 were still on average by 25.5% up, by 23.2% in Berlin, in Munich by 15.8% (F + B rent barometer).
It gets worse Rents will continue to rise for years, at least in the big cities. Examples: Hamburg threatened, according to the real estate specialist "Feri Euro Rating" 2015, an increase from an average of 10.5%, from 9.5% in Munich, Frankfurt, 9.3%, 8.2% for Berlin.
Expensive new contracts According Tenants move every year more than 2 million homes - and have a new lease finish. "Explode the prices for newly signed leases," says Franz-Georg Rips, president of the German Tenants Federation. In sought-after locations, prices are sometimes 20 to 30% over the rent of the previous occupant. Background: For new contracts, the landlord may specify the rent largely independent of current rent index (local reference rent). The rent eats up more and more on the net
It gets worse Rents will continue to rise for years, at least in the big cities. Examples: Hamburg threatened, according to the real estate specialist "Feri Euro Rating" 2015, an increase from an average of 10.5%, from 9.5% in Munich, Frankfurt, 9.3%, 8.2% for Berlin.
Expensive new contracts According Tenants move every year more than 2 million homes - and have a new lease finish. "Explode the prices for newly signed leases," says Franz-Georg Rips, president of the German Tenants Federation. In sought-after locations, prices are sometimes 20 to 30% over the rent of the previous occupant. Background: For new contracts, the landlord may specify the rent largely independent of current rent index (local reference rent). The rent eats up more and more on the net
In Cyprus, prices fall
In the first owners meeting of real estate investment Vikla Cyprus swung with a good deal of pathos: "This is a historic moment," said the chairman of the meeting, the Briton David Wilson, and suggested that in view of the Independence of the former British colony on 1 . October also continue to celebrate a "Vikla Independence Day".
The theatricality may be forgiven for the property owners, as the culmination of a long-standing bureaucratic hurdles was the so-called title deeds, the title deeds.
The legally secure proof of who owns the property, but is essential in times of financial crisis: Many builders use the completed real estate projects for the construction of its new credit protection. If a real estate developer in financial difficulties, have the owner of the house without title deeds bad cards to make their possession claim against the bank argued. The sale of houses and apartments in the picturesque construction project Vikla in Tsada above the town of Paphos began in 2000.
Client is the real estate developer Leptos, one of the largest companies in Cyprus, which claims to have already sold more than 20 000 homes. Such as competitor Aristo Developers also Leptos considered serious company, in which the buyer does not have to fear for their property. The excess supply increases the pressure However, the success of Michael Leptos, which dates from the 1974 Turkish part of the island in the late 1970s with the construction of holiday homes and facilities in the southwest of the island began to set up some imitators - unfortunately, not necessarily to the advantage of region. Over the past ten or 15 years some property owners had the idea to call himself a real estate developer and also try their luck with cottages. One or the other as well as ruin swindled shoppers show that was not such a good idea.
The troika of the EU Commission, the European Central Bank and International Monetary Fund, which ended its negotiations with the Cypriot Government has an assistance program for the island last Thursday without result, estimates the number of unsold houses and apartments in some 50 000, before the especially battered by the crisis in Greece banks in Cyprus are based on a portfolio of some 10 000 homes. Which may be true even number, the excess supply of homes increases the pressure further on home prices. Compared to last year are Homes on average become cheaper by 5.9 percent, shows the real estate index of the Cyprus Central Bank.
Overheated, especially the market for used homes. Because, for example, the UK government has launched a rigid savings program, you sell a lot of British Cypriot holiday or retirement home to downright predatory pricing in order to get money. Buyers had in the region of Paphos, for example, according to the 2009 count brokers association RICS still on average with a house price to 460,417 euros, according to recent surveys, there are only 389 031 euros. Chinese interest The decline in house prices is very different, however, depending on the region. In the east of the island, prices, how the central bank reported in a small Greek-controlled Famagusta District - the city is in the hands of the Turkish occupiers - compared to the previous year by 11 percent, in the southeastern Larnaca by 8 percent. In the currently popular among holiday property owners in the southwest region of Paphos market observers, however, see signs of a relative stabilization of prices: In the second quarter of 2012, prices for apartments fell "only" 0.4 per cent for houses and 0.5 per cent. The central bank blames mainly the interest of Chinese buyers responsibility. "The growing number of Chinese customers makes us great joy," says Andreas Findiklis, general manager of the Leptos Group. So far, the region around Paphos popular with buyers from the UK, while the area around Limassol traditionally good at Russian property buyers arrive.
Although they now increasingly Chinese advertising posters from property developers discovered along the way, you can see in and around Paphos still barely Chinese. Because most have a house in Cyprus before something else, than to enjoy the approximately 340 sunny days on the island in your own home. They buy rather a gateway to Europe. As a non-Europeans must prove Chinese customers buy a property for at least 300 000 euros and that they can financially provide for themselves. They are property owners, they get a residence permit and only once every two years must be looking in Cyprus. Before them is open to Europe - the Schengen Agreement, thank the the abolition of checks at their common borders and regulate the movement of people and goods. However, the buyers from Asia also have special needs, to which the Cypriot real estate sellers have used to. Vikla example, had 44 at the request of the buyer - not least bureaucratically complicated because the said title deed - be renamed Vikla 88th For number 4, and all their combinations regarded in China as an unlucky number.
The legally secure proof of who owns the property, but is essential in times of financial crisis: Many builders use the completed real estate projects for the construction of its new credit protection. If a real estate developer in financial difficulties, have the owner of the house without title deeds bad cards to make their possession claim against the bank argued. The sale of houses and apartments in the picturesque construction project Vikla in Tsada above the town of Paphos began in 2000.
Client is the real estate developer Leptos, one of the largest companies in Cyprus, which claims to have already sold more than 20 000 homes. Such as competitor Aristo Developers also Leptos considered serious company, in which the buyer does not have to fear for their property. The excess supply increases the pressure However, the success of Michael Leptos, which dates from the 1974 Turkish part of the island in the late 1970s with the construction of holiday homes and facilities in the southwest of the island began to set up some imitators - unfortunately, not necessarily to the advantage of region. Over the past ten or 15 years some property owners had the idea to call himself a real estate developer and also try their luck with cottages. One or the other as well as ruin swindled shoppers show that was not such a good idea.
The troika of the EU Commission, the European Central Bank and International Monetary Fund, which ended its negotiations with the Cypriot Government has an assistance program for the island last Thursday without result, estimates the number of unsold houses and apartments in some 50 000, before the especially battered by the crisis in Greece banks in Cyprus are based on a portfolio of some 10 000 homes. Which may be true even number, the excess supply of homes increases the pressure further on home prices. Compared to last year are Homes on average become cheaper by 5.9 percent, shows the real estate index of the Cyprus Central Bank.
Overheated, especially the market for used homes. Because, for example, the UK government has launched a rigid savings program, you sell a lot of British Cypriot holiday or retirement home to downright predatory pricing in order to get money. Buyers had in the region of Paphos, for example, according to the 2009 count brokers association RICS still on average with a house price to 460,417 euros, according to recent surveys, there are only 389 031 euros. Chinese interest The decline in house prices is very different, however, depending on the region. In the east of the island, prices, how the central bank reported in a small Greek-controlled Famagusta District - the city is in the hands of the Turkish occupiers - compared to the previous year by 11 percent, in the southeastern Larnaca by 8 percent. In the currently popular among holiday property owners in the southwest region of Paphos market observers, however, see signs of a relative stabilization of prices: In the second quarter of 2012, prices for apartments fell "only" 0.4 per cent for houses and 0.5 per cent. The central bank blames mainly the interest of Chinese buyers responsibility. "The growing number of Chinese customers makes us great joy," says Andreas Findiklis, general manager of the Leptos Group. So far, the region around Paphos popular with buyers from the UK, while the area around Limassol traditionally good at Russian property buyers arrive.
Although they now increasingly Chinese advertising posters from property developers discovered along the way, you can see in and around Paphos still barely Chinese. Because most have a house in Cyprus before something else, than to enjoy the approximately 340 sunny days on the island in your own home. They buy rather a gateway to Europe. As a non-Europeans must prove Chinese customers buy a property for at least 300 000 euros and that they can financially provide for themselves. They are property owners, they get a residence permit and only once every two years must be looking in Cyprus. Before them is open to Europe - the Schengen Agreement, thank the the abolition of checks at their common borders and regulate the movement of people and goods. However, the buyers from Asia also have special needs, to which the Cypriot real estate sellers have used to. Vikla example, had 44 at the request of the buyer - not least bureaucratically complicated because the said title deed - be renamed Vikla 88th For number 4, and all their combinations regarded in China as an unlucky number.
Prices of banks acquired Spain-property fell 65%
The prices of Spanish property, which were taken over by banks and repelled, have fallen this year by 65 percent. In addition, there is a million new homes for sale and buyer.
The prices of Spanish property, which were taken over by banks and repelled, have fallen this year by 65 percent.
In addition, one million new homes for sale and buyer is having difficulty to obtain mortgage loans. This emerges from a study by Fitch Ratings Inc.. The price slide refers to the value of the property as the loans were still operated.
The fall in value is more than twice as high as in official government data. By comparison, in Portugal, the prices of the transferred property to banks fell by 45 percent. The Spanish property market suffers because the country has fallen into the second recession in three years and has an unemployment rate of 25 percent - the highest in Europe. Fitch brings his latest study out five years after the bursting of the housing bubble in Spain. The country is currently setting up a so-called bad bank, which is to take the toxic real estate loans on the books of distressed banks. "Believes Fitch that the factors that weigh on the Spanish property market will continue to deteriorate," the Madrid analyst Carlos Massip and Juan David Garcia enrolled in the study. "The gap between the initial assessment and the selling price reflects the troubled mortgage market. "This is characterized by high indebtedness of borrowers, limited affordability of mortgages and falling property prices.
This year's decline in the value of properties that are passed into the ownership of banks is the highest since the financial crisis began. On average, the price decline was at 50 percent since 2007, the Fitch analysts wrote. According to official government data, the Spanish property prices have collapsed since the high in 2008 of 25.5 percent. The prices of real estate, which were taken over by the banks are lower because the banks make reductions in order to sell the houses and apartments and can relieve their balance sheets. Fitch foresees that banks have taken more than 200,000 properties in possession. There are also more than a million new buildings that are for sale.
In addition, one million new homes for sale and buyer is having difficulty to obtain mortgage loans. This emerges from a study by Fitch Ratings Inc.. The price slide refers to the value of the property as the loans were still operated.
The fall in value is more than twice as high as in official government data. By comparison, in Portugal, the prices of the transferred property to banks fell by 45 percent. The Spanish property market suffers because the country has fallen into the second recession in three years and has an unemployment rate of 25 percent - the highest in Europe. Fitch brings his latest study out five years after the bursting of the housing bubble in Spain. The country is currently setting up a so-called bad bank, which is to take the toxic real estate loans on the books of distressed banks. "Believes Fitch that the factors that weigh on the Spanish property market will continue to deteriorate," the Madrid analyst Carlos Massip and Juan David Garcia enrolled in the study. "The gap between the initial assessment and the selling price reflects the troubled mortgage market. "This is characterized by high indebtedness of borrowers, limited affordability of mortgages and falling property prices.
This year's decline in the value of properties that are passed into the ownership of banks is the highest since the financial crisis began. On average, the price decline was at 50 percent since 2007, the Fitch analysts wrote. According to official government data, the Spanish property prices have collapsed since the high in 2008 of 25.5 percent. The prices of real estate, which were taken over by the banks are lower because the banks make reductions in order to sell the houses and apartments and can relieve their balance sheets. Fitch foresees that banks have taken more than 200,000 properties in possession. There are also more than a million new buildings that are for sale.
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