Real estate market, prices fall and demand increases
According to a survey the cost of real estate continues to drop as sales increase, especially in provincial capitals. Among buyers, 64% are between 18 and 44
Property prices fall and sales increase: the housing market in Italy, according to data presented by Tecnocasa Group, is picking up.
73.4% of sales concerns the main house (first home or home substitute), 5.9% instead of the home for the holidays. 20.7% of shoppers considering instead focusing on real estate “only” an investment.
65.3% of shoppers aged 18 to 44 years, 36.9% of them between 35 and 44.
The study is based on data collected from about 2700 agencies of the network in the country. According to the research, the fall in prices should continue for the duration of 2010 but despite the relatively low cost of real estate will continue to purchase only those with sufficient debt capacity.
The decline is being felt especially in the provincial capitals, where the fall in share prices reached 1.4%. Suburbs of large cities the costs are down by 0.9%, while in major Italian cities stood at -0.5%.
In terms of the loans in the first quarter of 2010 there was an increase of 20% on an annual basis for a total value of € 13.3 billion, an increase in the Italian island of 39%, 35% at the center of 26% in the north east and south of 4% in the north west.
Mortgage House is booming demands
Italy is the first country in Europe for the positive trend of requests for loans: The monthly report of the Italian Banking Association (ABI) shows an increase of 9% in the first nine months of the year.
The figure marks a trend of increase that touches the very high absolute value of the sector amounted to 345 billion euro: the mortgage is finalized in most cases to ‘ purchase of the house and the boom of requests is a direct consequence of the major real estate transactions.
The demand for mortgages to buy in most of the first house is driven by the housing market: first from the major urban centers, especially in the south to the north than in the requests.
Regarding the concern of Indian real estate, according to the report of the Technical Group on estimated housing shortage, an estimated shortage of 26.53 million homes during the Eleventh year Five Plans (2007-12) provides a great investment opportunity.
The Real estate Company of the Godrej Group, Godrej Properties, and Home Frontier developer has launched a residential project in Gurgaon M joint venture with partner / s. Frontier Home Developers Pvt Ltd. It is a residential project debut in the National Capital Region (NCR) to Godrej Properties.
These are the some real-estate markets price fall & demand.