In recent months, prices for condos and houses in Stuttgart have risen yet again. For years there at the Stuttgart real estate market excess demand. According to the IVD a real estate bubble is still not in sight.
The cause of the rising land prices per square meter and appoints Stephan Kippes, director of the IVD market research institute, with the ongoing fear of inflation, given the current financial crisis in Europe. Kippes is convinced: “The flight into real values continues.” Another reason is certainly the place just increase the real estate transfer tax from 3.5 to 5.5 percent.
Significant price increases in the last six months
According to the latest report of the IVD pay must be for a condo on average 2,550 euros / sqm. In the spring of this year there are only 100 € / m² less. A more significant increase was recorded for newly constructed condominiums. Here, the average price per square meter rose within a year from 3,500 € to 4,000 €. Exclusive apartments in prime locations can cost even more than 6600 € / m². For condos in highly desirable locations, especially the center of Stuttgart, there were price increases of up to 30 percent.
Even with single-family homes, townhouses and duplexes, an increase in property prices is noted. Currently, buyers have to pay for a detached house on average 700,000 euros. Stuttgart in prime locations even price of 3.5 million euros will be provided.
Prediction: 2012 will be higher prices, especially in middle layers further
The high demand in the good to very good locations has meant that the amount of living space has become very scarce. In particular, the real estate agents get the boom on the ground to feel positive. Agents in Stuttgart as self-service real estate have many requests from potential buyers who want to invest in different types of objects. Groups of buyers, both investors and private buyers who want to use the property themselves. Investors are now even willing than the calculated Market value the real estate investing.
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Reproductions of famous paintings
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Individual frames as part of the mural
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As the World Online reported, was conducted by Immobilien Scout 24, a 1046 survey of landlords. This came to the conclusion that put homeowners of properties in eastern Germany than in West Germany a greater emphasis on the financial situation of the tenants. The landlord in East Germany are present in a re-letting very skeptical. Not only the security deposit as Rent Securities must be ensured here – many home owners of property in East Germany can show proof of income from the tenants.
In comparison with the house owners of property in East Germany, the tenant against the landlord in West Germany often only by sympathy to convince a lease, such as real estate told Scout 24th For almost half of the house owners of property in East Germany, the tenant to the landlord future rent arrears also submit a certificate of freedom.
The homeowners in West Germany on the other hand lay in the choice of tenants and landlords more importance on the security of the job and not on the liquidity of the future residents. For all tenants and landlords there are additional security in terms of the security deposit as Rent Securities: The rental guarantee of Federal deposit. This is especially interesting for the tenant’s security deposit to the landlord because of the high expenditure on the move and can not afford new furniture. However, this may seem due to the lack of liquidity for the security deposit Rent Securities as the same for homeowners, as if the necessary money for the rent is not also protected.
Everything was better, this formulation is well suited to the current situation of the Argentine real estate market. Once one of the most sought after destinations for investors from around the world including, real estate in Argentina now no longer the first choice.
At present in Latin America, Uruguay first preference, followed closely by Brazil. But Chile and Mexico appear on the map of the most popular destinations for property investors.
This results from a study of the CEDU (Camara de Empresarios de App Developers Urbanos), the Association of Companies for Urban Development, executed during the last SIMA, a real estate conference in Madrid in July, by the consulting firm Analia Alvarez, which from this potential investors Spain, the USA, Brazil and Argentina questioned.
To the question “In which country will invest in the next 12 months?”, 27.5% of respondents said that they want to invest in Uruguay, and Punta del Este, accounting for no less than 15% of the total. Slightly behind Brazil totaled 22.5%. Meanwhile includes Chile, which until a few months only aroused little interest among investors, with 2.5% of the stated investment objectives, as well as Mexico. …
Who has the Americans a little money on the high edge and want to invest that is spoiled for choice. One either builds up an apple and an egg for a completely new home, or you take on one of the many empty houses.
But many had thought that the worst effects of the bursting real estate bubble about four years ago had already been overcome. But the worse one they were taught. How is it actually come to this?
Almost exactly three years ago, in mid-September 2008, reported the U.S. investment bank Lehman Brothers files for bankruptcy. This meant a loss to the property sector or the entire U.S. economy of at least $ 50 billion. The recovery, it has been since it was short-lived: in June chasing a bad message to others in the U.S..
First, low morale values gathered from surveys, the tender plants hope, that went out of the U.S. Öknonomie previously thrived, then the dispute over the national debt between the Democrats and Republicans forever out, followed by the downgrade of the U.S. in terms of credit by the rating agency Standard & Poors. All that pulled the Dow Jones dramatically in the basement, and therefore the United States lost the problems in the real estate market of course it was still somewhat out of sight. A year ago, the most serious problems seemed subdued. First put on the economy, which property prices had finally rising again. Then invested construction companies, project developers and fund monies, they were hoping for higher prices. But with the economic downturn, this development was not only paralyzed, she came to a halt and even then proposed to the contrary, it came to deflation. Meanwhile, residential and commercial properties are increasingly empty again, the Americans can not touch it again now, to invest here.
For a homeowner does not bode well. If real estate to lose value, banks are quick to denounce the hand, mortgage loans – to pay instead of their homes, but buyers are forced to sell it again. In such a case, the revenues are negligible. In 2010, more than a million homes came under the hammer: they were foreclosed. Often secured credit institutions in such a case, usually dirt cheap houses, are therefore on the U.S. housing market is currently about 1.6 million homes without owners dar. What constitutes a further factor, which amplifies the crisis in the industry.
Because would pump U.S. President Barack Obama with a new economic stimulus package of up to $ 447 billion into the country’s infrastructure, the construction industry hopes to develop that as up to one million new jobs. Should this bill, which has also opened Obama to rise, which would on the one hand, while a success. But on the other side so just once would lose a third of all previous jobs were created since 2008: Since then broken away three million jobs in the construction sector.