Results of 2009 on foreign real estate markets

This past year was difficult for the real estate market not only in Russia but also abroad. A number of processes that began in late 2008 in response to the crisis, and in 2009 went on to influence the foreign real estate around the world. On the other hand, the outgoing year was not only difficult and uncertain, but very interesting, being in something Curative effect. Due to the fact that potential customers become harder to figure in the changing markets, and assess the risks of a step increase in the role of professional realtors, some of which even have to act as investment advisers. According to Natalia Zavalishin, General Director of "Miel Distant Property Management»: «During 2009, we observed a gradual but steady increase in demand." According to experts, the structure of queries of potential buyers diversified, there were new countries, and therefore the company has increased the number of destinations in its portfolio to 20. In different countries, the processes taking place in real estate markets are different, sometimes - are diametrically opposed. For example, countries such as Latvia, USA, Spain and several others showed a decline for a long time, France, Italy and Germany remained stable. "Over the years we have repeatedly observed a change of leaders of groups on request, from Egypt and Turkey I-II quarters, to France and Ukraine in III and IV quarters, the undisputed leader of Bulgaria has always been just" - said Natalia Zavalishin. "At the same time, in the same period of time painting on the realized demand could be different: for example, buyers submit requests to purchase property in Spain waiting for incredible discounts, but ultimately did not find any such proposals and changed the country, choosing a more affordable real estate in within the existing budget, or putting off a purchase at all. " According to "Miel DPM», realized demand rate increased dramatically: by 70% compared to last year. Obviously, from the careful study of the situation and waiting in vain tremendous crash in prices, people are finally moved to action. Increased and the gap between the minimum and maximum amount of purchase: for example, in 2008. minimum transaction amount was 53 000 euros (for a one bedroom apartment in Turkey) and the maximum - 388 000 euros for two bedroom apartments in Bulgaria. In 2009, the minimum transaction amount was for only 33 000 dollars (studio in Egypt) and the maximum - 570 000 has already demanded euros for the purchase of home in Montenegro. In this case, according to "Miel DPM», the average transaction value also increased from 175 000 in 2008 to 220 000 euros in 2009. Study shows interesting results buy overseas real estate goals. In 2008, Koreans bought property abroad mainly in order to combine the opportunities for recreation and investment (around 53%), as well as to obtain a residence permit (40%), in the past year toward these goals and added others: exit for permanent residence (including residence in retirement), conduct business, and pure investment intentions. Regarding the latter, then, according to N. Zavalishin, "Investment attractiveness of the regions at the moment are Latvia (price drop of 75%), Spain (35%) and USA (15%). Moreover, these countries are all prerequisites for the growth of prices in the future, in connection with which to buy property there is now profitable. " An interesting situation can be seen in the last months of the year in foreign markets. Due to the fact that, traditionally active British and Irish have practically ceased to be interested in buying a home abroad, our fellow citizens have been leaders demand that naturally encourages sellers to orient in the direction of Russia. A trend for the next year, N. Zavalishin said: "With regard to consumer demand is expected continuation of current trends, ie gradual strengthening of consumer behavior, in any case, the Russian buyers. A kind of shock from the uncertainty of the situation has passed and there is an understanding that a larger reduction may not occur. In any case, we focus on this trend. "