World financial crisis regretted nobody. But time goes, here already came to an end of the 2014th. So, it is time to bring next positive - or not really - results. So, what occurred in the markets of real estate of the countries of Southern Europe for the last year? And than Cyprus, Italy, Spain, Portugal, Greece and Turkey will please buyers of real estate in the 2015th?. Greece - annual recession for 7,7%
Small digression to history: from 2000 to 2008 in the country thanks to the rapid economic growth and decrease in rates on a mortgage, real estate prices on average grew for 10-15% a year. Since 2008 this fertile time ended, the prices stood. And already with 2009 and till today the housing annually becomes cheaper for 7-10%.
Emergence of a large number of affordable housing attracted on the Greek market of new buyers. Darya Chashchina from Grekodom Development shared information that in 2014 through their company the Greek real estate was acquired generally by people of 30 years with the average level of the income. Usually, they considered purchase of economy housing in resort zones near the sea, but there was a noticeable interest and in exclusive objects.
"The tendency to investment into small objects, "squares" up to 60 which are used for receiving profit from leasing was outlined in this year. We consider that in 2015 it will only become stronger", - Darya Chashchina told.
Concerning prospects of foreign millet the expert noted that in 2015 it will only grow. After all Greece it isn't simple a platform for investments, but also the comfortable, benevolent environment for life and rest with low crime rate, quality education and peaceful religion. You shouldn't forget and about VNZh upon purchase of the Greek real estate from €250 000, and also new state programs on elite real estate which are directed on involvement of investors.
Spain - annual recession for 2,7%
From 2000 to 2007 real estate prices continuously grew in Spain on average for 5,5%. Then long descent down with all that it implies which still didn't stop began. However, times of a panic passed. Demand for real estate shows two-digit growth, the construction sector started gaining steam, and annual recession of the prices was seriously slowed down. In the third quarter of the 2013th it made 12%, and during the similar period of this year – about 3%. Positive changes on the person.
The contribution in the market made to a change of negative dynamics also legislative changes. At the end of 2013 the government of the country started the program of "the gold visa".
Yulia Bodrova from Costa Prestige noted that, despite obvious improvements, year it was difficult and unstable because of the international political tension. It had impact and on foreign demand, first of all, from Russia and the CIS countries – it decreased.
If to speak about the general situation Spanish the market, and first of all – in Marbelye and on the coast of Costa-del-Sol, already since the beginning of year of real estate price began to grow gradually. Especially on secondary objects as them almost didn't remain.
At the expense of "the gold visa" since summer there was a clear split of buyers into persons interested to acquire real estate over €500 000 and looking for economy class options. The last there was majority. On elite housing demand small, but stable.
"By the end of the year the general situation didn't change, the main tendencies will proceed and in the 2015th. I think that the local market will attract clients with a wide choice of objects in new buildings. Many stop the choice on complexes which only started being built up. Will depend also much on the general geopolitical situation, on ruble exchange rate to euro", - Bodrova finished.
Italy - annual recession for 4,6%
And here crisis didn't take place imperceptibly, but isn't so loud, as in the above described countries. The economy still has not the best times, but the market of real estate looks more or less steadily. Reduction of prices is, but small. The director of the company of Rellox Jan Reykh considers that in 2015 recession of the prices won't exceed 5%.
Changes won't affect also demand from foreign buyers. However, as many experts already noted, the situation with the Russian buyers will depend on ruble exchange rate.
"In 2015 interest will be concentrated on luxury real estate. And here the offer of economy class are expected by stagnation. The main problem consists in low demand from the Italian buyers. As investments the most interesting objects I will call real estate at Lake Garda, Madzhore, Izeo, in known ski resorts - in Dolomite - Wal-Gardena, Wal-di-Fyemme and Wal-di-Fassa, in the large cities in the north of Italy. Purchase of the secondary real estate needing reconstruction in Tuscany" will be financially interesting, - the director of Rellox finished.
Turkey - an annual gain for 14%
One big exception against a situation in the main markets of the countries of Southern Europe. We will return in 2003 when in Turkey allowed to sell real estate to foreigners. Then in local resorts on an equal basis with hotels started building housing estates. The prices of this real estate were the lowest therefore at once started growing. In the first two years increase in the prices I reached 100%. Then growth rates decreased, not without the aid of crisis, and the situation was stabilized. However, relatively. For example, in 2009 the cost of square meter in the Turkish new building of a business class by the sea made €500, and for today - about €1100. In 2013 the housing in Turkey rose in price more than for 13%, and in present about 14% are expected.
Besides, sector of the Turkish real estate – one of the most fast-growing in the territory of the Mediterranean region. Positive dynamics in this sphere is observed in many cities of the country among which Istanbul and Ankara, and also kukrorta on the coast of the Mediterranean and Aegean seas, notes the sales manager Christina Sudakova from the Restproperty company. The resort region Antalya is not one year the most popular with investors from Russia and the CIS countries which put not only in inhabited, but also in commercial real estate.
The expert added that you shouldn't be afraid of decline in demand in 2015 as the market shows all signs of stability not one year in a row. It occurs, first of all, due to prompt development of tourism, low rates in mortgage loans for foreigners, to the favorable taxation, lack of restrictions for investors and full protection of the rights of the owner. All this promotes real increase of demand and an increase in prices for real estate in Turkey.
"If to speak about the future, we won't hide that because of a situation with euro exchange rate to ruble, the last few months decrease of the activity of Russians in respect of investment in currency was observed. But even taking into account it it is possible to call a situation stable. Activity of citizens of Kazakhstan, the United Arab Emirates and Ukraine is at the moment observed. The Turkish builders always differed in loyalty in questions of payment, and offer flexible conditions of payment by installments", - Sudakova added.
These researches of the world market of real estate for the third quarter 2014 from Knight Frank are used.
Spain - annual recession for 2,7%
Italy - annual recession for 4,6%
Turkey - an annual gain for 14%
