real estate properties

Home boom ensures record year

LBS REAL ESTATE Agents benefit from low interest rates and the trend to own homes

After the reluctance of buyers in the crisis years 2008 and 2009 in 2010 “a very excellent real estate year,” be. This first took stock now Thorsten Griebel, managing director of LBS real estate GmbH, a good climate is also reflected in the figures of the brokerage subsidiary of LBS Rheinland-Pfalz: In the first three quarters was approximately 2 000 residential properties with a value of 248 million € be taught – an increase of five percent for the same period last year.

2009 LBS homes have achieved despite the financial crisis, her best result yet. 2404 objects mediated worth over EUR 314 million provided for an increase of twelve percent over the previous record year 2008. This one is the nation’s eighth largest real estate broker, so Griebel.

Houses as an investment

Griebel currently provides several “mega trends” in the industry. First, residential property for pension benefits, and self-use is acquired. Historically low interest rates would make buying intentions of course. But also as an investment, as “concrete-Gold”, houses and apartments were interesting. This was observed particularly in the economic region Rhein-Main. It should also be saving, and therefore the savings, the trend in Germany. And finally came the modernization AGEING houses with a view to energy conservation and barrier-free living more important.

The number of people living in Rhineland-Palatinate in their own homes, is 61 percent above the national average (52 percent). In Hesse it is 55 percent.

It was “hand the desire for real estate continues,” especially so Griebel. In the real estate conveyed by the LBS, therefore the used homes with 1 165 (2009), the highest in lie. In the cities, however, is large after demand especially condominiums. Those looking for an apartment building would, however, difficult to find.

Also apply if the purchase of older homes as a force of modernization could be missing in the opinion of Griebel clear statements from the federal government, who should in future bear the cost of the energy efficiency of buildings. Currently, there are both owners and tenants to considerable uncertainty.

Price for used homes stable

The prices for used homes remain in and around Mainz stable at a high level. A house is to have in Mainz for 350 000 euro in Nieder-Olm for around 225 000 euros. New buildings on the other hand have risen by four to five percent. In the medium Griebel expects “slightly higher prices for homes and stabilizing land prices.

It is of concern from the perspective of the real estate specialist, the small number of building permits in Rhineland-Palatinate. While the number since the second half of 2009 bunesweit strongly again rising, they kept going down in the state. 2009 only 8025 dwellings were completed, a drop of twelve percent.

In a European comparison, Germany is 1.7 new homes per 1 000 population (forecast for 2010) already concluded light, Griebel. The EU average is 3.5 homes.