Future real estate bubble in China?

21 May, 2010 No Comments

This year 2010 is very complicated for the Chinese economy, due to issues related to the appreciation of the Yuan, inflation and the growth of house prices , as discussed in the article on BBC news.

To stop the current speculation in the Chinese real estate sector, the Government has taken several measures to avoid the rise in housing prices, including:

• Increase the first payment from buyers of second homes to a minimum of 50%.
• The State Council called on banks to stop lending money to buyers of residential properties for third properties and do not grant loans to buyers who do not show evidence of at least 1 year of residence in China.
• Increase the provision of land for development.
• Strengthen controls on financing real estate companies.
• Instruct the developers to not monopolize properties in order to drive up prices (Beijing has been limited to a purchase of new construction homes to its residents).

Given these measures to suppress the increases in housing prices,some investors are rushing to sell their property while prices remain high. Many real estate speculators who invested in Shanghai and Beijing began to sell their homes since March 2010, so that the number of properties for sale increased significantly.

Today, although China’s society is very conservative, have also introduced measures to regulate the granting of mortgages, because the new generation, western-minded, have no problem asking credit cards and mortgages (previous generations requested financial support to the family and there was not much demand for banking products).

Another issue that has helped the growth of demand and therefore prices to remain higher, is that Chinese society in matters of family is very traditional and many marriages can not be held if the couple has no home ownership . This has led to the problem of the relationship between salaries and house prices in major cities is increasing. The solution given by government is to create public housing parks to facilitate access to citizens with lower purchasing power.

Invest in Miami

22 February, 2010 No Comments

It appears that the Florida real estate market, particularly Miami, is recovering from a hard crash.

Currently, the real estate market in Miami is increasing sales.

The average sales price in Miami rarely exceed €150.000, which is affordable for Europeans.

The sale of properties in Miami has increased due to:

1. The arrival of the U.S. President, Barack Obama.
2. La housing stock reduction, which the famous subprime foreclosures left in the hands of banks (the properties were auctioned).
3. The increase of malls and shops.
4. The decline in housing prices, added with the weak dollar, which has created a very attractive market to foreign buyers, which has led to a high percentage of international customer transactions.
5. The important market for luxury real estate, which has maintained its buyers due to falling property prices up to 50% exclusive. The buying clients come mostly from USA, Canada, Europe and Latin America.
6. The potential of the city to absorb the overbuilding generated in recent years due to its climate and as a greater international resort, cruise and shipping companies on the continent.

Both the Spanish Chamber of Commerce as the ratio of financial analysis by Standard & Poor’s, advise investing in Miami real estate market.

In new construction homes, promoters offers great incentives:

• bear the maintenance costs and taxes for 2 years.
• ensure the rent to the owners of the property for 3 years and if sales prices fall, guaranteeing repurchased by the same purchase price, proposed a housing finance with 35% of the down payment.

Miami has the Latin charm (65%, mostly Cubans) and the efficient and practical system of USA. With 2,400,000 people, Miami is a cosmopolitan city, full of celebrities, millionaires and a lot of visitors.

New Homes International Portal

2 December, 2009 No Comments

The aim of New Homes International Portal is to provide our visitors information about the best international real estate developments.

On the New Homes International Portal you will find details of new property developments currently under way all over the world. You will also find a large number of property development companies providing information about their latest new property projects, together with individual property owners advertising new homes for sale.

In addition to the advertised real estate developments, this site is offering helpful information to the buyer in the different
countries: legal steps to buy real estate, taxes, socio-politic, economic and general ideas of the choosen country to invest in. All together will be a basic tool for investors to decide between the different countries.