About the "marriage" with the real estate mortgage

Home of the Year 2008 was held in the Russian real estate market under the sign of the mortgage. Many banks have offered their program, and very interesting. And it is clear that the real estate market is now entering its next phase, when its development will determine the mortgage. In the distant past go controversy that affects whether a mortgage on real estate market, with its then-negligible fraction, if affected, how? According to different market participants cited in the press at the end of last year, the share of mortgages from 15 to 40%, and some participants even estimate it at 50% of all purchases. Each, rather, judging from my own experience, but it is clear that we are dealing with a new force and major provider of real estate market impact far greater than in 2006. Then, I remind you of theories as to why the market suddenly soared so dramatically, there was also this: mortgage buyers in search of the apartment created additional demand for their calls, inquiries, and thereby stimulated to raise prices. The real deal was not enough. Version is more than doubtful, and last year it rejected: mortgage buyers was much larger, and prices were falling rather than rising. This is just one episode in a recent outbreak (by the standards of history) in the Russian history of the "marriage" of finance and real estate, which have different origins, but that without each other, not to live. Prior to AMD that take place in foreign markets, they are still far away, they still really do not have time to get married, not that smack each other commitments and time to break them all ... And about the scandals in the noble family has not yet been heard. Try a fortune teller Epiphany evening and add your opinion to that, how will the relations of these two segments of the economy, what will be their "marriage" - equal or unequal to last long and he will be a "wife" happy. First, the good young age difference - 6 years - real estate (H), we have emerged as a legal fact in 1991, and the first purchase of the mortgage (I) date back to the year 1997. For many years, NA seemed to do without these silly formalities and it is possible: there are also many other money, it is not so demanding for every letter of the law. "Oh, how I grow up, soon the stars will fetch, and where there is this pathetic And why should I need it" - thought to N times its dizzying success. And zalet in stellar distance, he suddenly looked around. And I realized that all his left airless environment ... not everyone is good. H suddenly realized that the fuel is exhausted, that his own success has become his own misfortune, and the fall is inevitable. "It would be nice not to the abyss" - think H, slowly sinking. "Surely no one fills my shoulder in such a dire situation," - he looked around the neighborhood and all of a sudden he realized that the only salvation for him remains the most pedantic and somewhat slow and formal, but all these years relentlessly follow him and sought his benevolence. After the dizzying success came during a stable and methodical work, you want to buy an apartment on your mortgage? Yes, we are happy! - Now say the sellers of real estate. What do they enjoy? Mortgage remains a mechanism that requires the seller to the apartment of many "extra" references, and the transaction is at least a month. And now more and not take MZHR mortgage deal to fast-track registration. What seems to be happy? And what an apartment to buy. Because to find a buyer in today's real estate market is far from easy. In addition, the mortgage buyer, usually comes with no alternative, and it allows you to complete a chain of several apartments. Without a mortgage real estate market would turn into a big deal for the exchange. Chains were not three or four apartments, both now and in ten or fifteen, as has happened before. The youth was over, the real estate market and mortgage family life begins in a marriage, no doubt, done by calculation, but which is destined to go through all the milestones of family development, including the crises. What awaits us this year? I think that the share of mortgage shopping at the market in the Moscow region will increase by approximately one and a half times to reach that point where even the most inveterate skeptics will say about it as a third of the market, and the optimists - about two-thirds. And at the beginning of the year despite the global crisis caused by the wasteful and too trusting a mortgage in the U.S., our banks will offer interesting programs. And our citizens will actively borrow. Just because they live somewhere it is necessary, and no special options. Shoot? Extremely unstable. Buy in WNC? Long and loose. Collect? Hmm, try this for inflation. And it is increasing the purchase of mortgage support Russian real estate market will not let it fall behind the U.S. or European markets. In fact, there is no such resource, free of debt obligations of citizens, who so urgently need to buy their homes. This is a resource, and Western bankers is very well understood. Our country this year is very strong interest from foreign investors and banks, now you know why? A mortgage crisis, like the U.S., we are threatened only when the mortgages will be at least 10 percent of GDP. Prior to this, the most optimistic projections, we still have three years (unless, of course, be without serious falls in the oil market). And those three years, mortgage holders can enjoy the fact that they will dictate the weather on the market. And bankers can prepare for the coming "family" excuse me, the mortgage crisis that was not always like, "Oh, how suddenly the snow fell in mid-January!»