Standard of the alternative objective of most transactions in housing on the secondary market is actually exchanged, the mandatory purchase of the counter option. In the professional standards of real estate activity reflects the specificity of such operations. Continuing the analysis profstandartov Association of Realtors, St. Petersburg, let us see "3.4. The main purpose "with which to develop these regulations - to prevent situations that prevent the timely acquisition of new homes sold in return, and within the originally agreed budget. Most transactions exchange today migrated from the "sphere of influence" on the real estate market Gorzhilobmena. The reason is obvious: to put their homes up for sale and find the right set of proposals is much easier than looking for a mutual exchange option. The degree of freedom of choice increases by orders of magnitude. But ... Planning Regulations of freedom through the sale of exchange with the counter purchase, it is easy to fall prey to unscrupulous or simply inexperienced operators of real estate market, neglecting the recommendations of the "pros". Even before reaching the goal, the client is at risk of losing a lot of nerve cells and to incur considerable additional costs. And what if he does will be with the money in the street, selling their property and buying a new one? This turn of events is not excluded, unless the contract between the client and the agency has an obligation to find a buyer for the company and organize the sale of housing, and alternative selection and your purchase had been promised in words only.
Wednesday, November 23, 2011
The real estate market. Developments
The fact that the decline in prices for housing will be Moscow, none of the experts is not in doubt. However, with one caveat - if the market participants will be interested in its further development without any catastrophic consequences for the majority of members. The question is when will the decline, and to what extent. First of scale. If you focus on the most popular figure in the world of affordable housing, the magnitude of price reduction shall be 50%. Housing affordability index tells you how old a person should save money for an apartment to the minimum area (entrance to the market). In Europe this figure is determined in 4-6 years. In the capital, the figure today is about 16-17 years old (with total household income of $ 12 thousand per year and 30% deduction for one-bedroom apartment costs about $ 60 thousand). But our markets are unbalanced in many ways, so comparisons with other countries to implement correctly, especially in quantitative terms. For example, the experience of other countries has shown that a price bubble in general, not blown away, but simply changes form. The deadline is always only the end user. Brokers believe that the market loses 60% of clients, many wins and how many zeros - do not know. But the winner is always an intermediary (broker - stock market, real estate agent - real estate). There are several reasons for the decline in market prices. One of them is certainly a decrease in cash from market participants.
The situation on the Moscow real estate market: results of October
The index value of the property $ 1805/kv. m - 0.0% index of price expectations - 0.09% per month - 0.2% Profitability index of housing - 2.07 to Wed returns on bank deposits -1.3 mb / d in absence of a rise in prices in the capital market of real estate in the most active period of the autumn season remember a few. This situation is vaguely reminiscent of the state of the market in 1998-99, already half-forgotten order, as well as earlier in the mid-nineties. However, the instability of the real estate market in those days seems to be quite ambiguous understandable, while the current stagnation is often surprising. Against the backdrop of evident increased standard of living (at least in Moscow), an all-time high oil prices and the relative political and economic stability in the country. However, in spite of all these factors, which, apparently, had facilitate the resumption of rising prices fall, nothing like this happens. Housing costs index for October remained virtually unchanged at $ 1805 per square meter. m. While for some types of housing or new construction homes, prices may vary slightly both up and down, depending on local market conditions, general market price level remains unchanged. On the other hand, the absence of a new round of price increases fall well balanced and there was no significant reduction in market prices. Given that the slowdown in housing prices in Moscow and the onset of market stagnation have begun to appear in May and June, enough time has passed to a downward trend in prices has had time to get its development provided there for the necessary economic prerequisites.