The low property prices are due in part to a weak construction sector. For years, the business is declining, so the construction companies are under pressure to lower costs. In order to win contracts is calculated with low margins, which in turn leads to low manufacturing costs. However, this could soon change. As the building loan broker Interhyp has recently announced via press release, should increase property prices. The experts in real estate financing are expecting a rise in house prices, due in part to rising production costs. On details in the press release but not received, but it is conceivable that affect particularly attractive material prices to construction costs. In addition, Interhyp out yet another reason in favor of an increase in property prices. This rising demand for housing is meant. This is true at least for urban areas. More and more people move to the big cities in order to engage in employment. Already in many cities there remains a significant shortage of housing, the proposal by the real estate and rental prices. Since the completion of objects with the demand increases but not lower than, the real estate prices in these regions will continue to attract.

For those who want to meet in the foreseeable future, their dream of home ownership, the current situation should be a warning. It seems at the current time to be extremely useful, do not push the issue property purchases in the long grass. Better buy now and take advantage of low property prices, as later at a disadvantage. Moreover, the interest rates for home equity loans are at historic lows, which in turn means being able to finance homes particularly favorable.

Before a property is built, bought or renovated, should be future clients of costs should be aware, come in addition to the actual purchase price on it.

These include, for example, include the cost of the notary, land registry entry, the real estate transfer tax, the move and possibly the broker. These transaction costs can easily reach 10% of the purchase price. These come in a new building on land costs and construction costs development costs, building costs and other incidental costs such as insurance during construction and property tax. You may also architectural services, engineering services (structural) or government services (building permits). These have occurred with the major renovation, modernization or expansion of an existing property.

How to get a mortgage financing initially leads to an individual plan, in which the Bank is to advise you. Who would like to take home or apartment itself should have a rule at least 20 to 30% equity. With a purchase or construction price of € 300,000, for example, are the 60,000 To 90.000 €. In addition to the capital savings include building society deposits, an existing building lot, and limited its own activities.

The practice is most common variant of the fixed-rate loan financing in which the interest rate for a period of usually five, ten or 15 years, is committed. The fixed interest rate brings predictability for the future, because the pre-agreed period, the monthly rate remains the same and so predictable. Anyone wishing to use the low interest rates in the long term should choose a fixed-rate period of at least ten years. It is also advisable to agree to a higher initial repayment than 1%. So the developer is not only free of debt faster, but also saves considerable interest costs.

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Few consumers are not borrowing cleansing with their own savings can be the dream of home ownership or the cozy condo but unfortunately do not meet but in most cases. Without a well planned construction financing are very few property owners from tomorrow, when they made their dream property find. But the approach of financing is ideal for their own financial capabilities and requirements? This question was now, the opinion research institute Forsa on the ground. For the third time the specialists surveyed about 1,000 people then who keep them as a form of financing right way of the real estate acquisition. And it certainly changes are observed.

Willingness to increase as the real estate finance appear in this new study that the subject mortgage is due to the favorable conditions on the German banking market in the Kitchen. Survey participants are the different approaches to mortgage lending over the most part very positive and open. This is the result of the sentiment index, based on the Forsa Create taken replies of the citizens.

Marked increase since 2008 accounted for four out of ten Germans expressed to demands that they adhere to finance their own property right now for yourself as possible and affordable. Only last year the percentage of these consumers was significantly lower. In the crisis year 2009, the respondents were adjusted significantly less optimistic about mortgage lending. A significant difference is seen with regard to the proper financial channels. This year, after all, called 64.1 percent of respondents compared to the Forsa employees to keep the so-called mortgage loan the best way to homeownership. Compared with the results from the first year the survey shows that point, an increase of almost 20 percent.

Experts predict imminent changes in lending rates, the chances are good that this trend will continue in the coming months. Because the predictions for the German economy look good. It is uphill in German lands. The circulating during the crisis, fears of an impending unemployment continues to decrease. For an increasing willingness to finance even the experts also ensure that finance consumers willing these days to deliberate, but just as speedy purchase or construction-advised decision. Better starting conditions than in the current situation could hardly consumers want. For decades, the mortgage was not as favorable possible. From too much hesitation, recommend the professionals from more undecided citizens. Because soon the funding could be due to an increase in average interest rates again significantly more expensive.

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.

Both the annual and quarterly basis, sales have continued to advance. In the 3rd Quarter of 2010 were sold a total of 328 units. The 3rd Quarter of 2009 was still the number to 249 units. In the first nine months of the current fiscal year, the number rose by 94.7% to 985 homes. After the first nine months of 2009 was the number of apartments at 506th Also in the privatization in the 3rd, PATRIZIA Quarter of 2010 down. 245 residential units were sold in total to tenants, owner occupiers and investors. Last year there were 29 less. In the accumulated fiscal year 2010 to a total of 605 apartments were sold through the retail sales.

Successful new development in Augsburg

Compared to the same period last year with 473 units sold, an increase of 27.9%. In the field of integration of five block sales were registered with a total of 261 residential and 7 commercial units. Of which were already handed over 83 in Berlin and Hamburg, this units in the period incurred. The 3rd Quarter last year, it was only 33rd In the project development could also be recorded further successes. Thus, the first units of the new object “Am Schwalbeneck” in Augsburg passed to the new owner. The area of service could be developed successfully. In the 3rd Quarter, PATRIZIA acquire real estate investment company Ltd. (PATRIZIA CISA) for their residential real estate fund in the amount of 29.7 million euros. In addition, she founded the reporting period its fifth special funds. PATRIZIA home I have a total investment of 300 million €. PATRIZIA home I was created for a professional pension institution.

Great expectations for the 4th Quarter

Overall, PATRIZIA KAG responsible to present a total investment of 1.6 billion euros. In the wake of the successful business development in 2010, sales increased significantly in the first nine months of 2010. 43% increase could be accounted for, bringing the total sales, now at 221.2 million €. In comparison, in 2009 he was still 154.7 million euros. “Fiscal 2010 has been very encouraging. We assume that this the 4th Quarter will continue, “says Wolfgang Egger, CEO of PATRIZIA properties AG. “Against this background and the fact that we have already sold one part to 281 residential and commercial units by way of block sales in the 4th Quarter net income, on the other hand, the completed development projects also in the 4th Quarter net income, we are increasing our earnings guidance. Instead of the previously communicated € 10 million, we believe, in the fiscal year to achieve an operating profit of 12-13 million euros. Through the successful development of sales and the related amortization of the loan should the desired lower limit to an equity ratio of 25-30% by the end of the year are possible. “At 30 September 2010, PATRIZIA employed 375 permanent employees. Since the beginning of the number of employees increased by 26 persons or 7.4% (December 31, 2009: 349 employees). In particular, the investment company has caused the new funds created by other sites. The full report on the 3rd Quarter of 2010 can be viewed at www.patrizia.ag.

About the company

PATRIZIA properties AG is a publicly traded company with over 25 years experience in the property market. The business includes the purchase, value optimization and placement of residential and commercial properties. Presently advised, PATRIZIA property assets of € 3 billion. In addition, PATRIZIA 25,000 residential and commercial units in property management. PATRIZIA properties AG is listed on the Prime Standard of Deutsche Börse and member of the SDAX.

“In this segment,” said Michael Kiefer, head of property assessment in Immobilien Scout 24, “can offer prices continue slight upward trend of the previous month on. It seems that here the trend has finally been reached. “Other signs of stabilization, according to Kiefer also showed the price curves for new homes. They were even slightly decreased in October, but with a strong tendency for soil formation. “The unabated heavy interest in the property in the home market and low interest rates encourage this development,” said the real estate assessors.

Only the offer prices for apartments in the stock continued the downward trend of previous months IMX continued. “A sign that currently determine more apartments with basic facilities in the supply market,” interprets jaw. At the end he sees a growing probability of stabilizing newbuilding prices in good locations. Kiefer: “In the shadow of this development, then the prices for existing homes down again.”

The IMX-trend analysis and forecasting of real estate Scout 24 for the individual sub-markets:

Prices for newly built houses are slightly down with a strong tendency towards stabilization. The price level is slightly lower than last year. There is likely too short to medium term, a significant stabilization. Towards the year end can even expect a price increase also.

For houses in the stock is bottoming out after many months of price cuts is now reached at last. In the coming months, prices will stabilize. In very good locations can even be expected with a slight price increase

The price curve for new homes currently runs similar to that for newly built houses: The prices are slightly down with a strong tendency towards stabilization. The prices of new homes are likely to stabilize towards the year end, and attract good and very good locations.

The offer price of housing in the portfolio are as fallen in the previous month. In the short term is far Germany can be expected to stabilize. Most clearly this is likely the end to see.

Background to the IMX: The database of the index includes all property types – from the condo to the hotel. About the geocoding locates all real estate in full and can be classified according to their location exactly. For the compilation of the index value of all raw data are normalized to the statistical hedonic valuation method. The corresponding conversion factors are constantly evaluated statistically derived directly from market transactions and are therefore the real impact of individual state criteria on price dar. This applies to changing surface properties as well as for object-oriented features such as the year of manufacture. This distortion may be caused by a simple averaging of the data can be avoided.

Let us now also converse about what are these mobile homes especially for those who don’t know about this. Mobile homes are actually not created on the sites and instead of that they are fetched there through several ways and so the name mobile. Mobile homes are manufactured at a confined and an urbane location and as stated by the variety of principles laid down by the state otherwise by any other concerned branches. For instance, in US, mobile homes are contrived as per the values laid down by the HUD, Housing US Department and metropolitan advancement as well as if there is some divergence, these are prohibited to. Now the query that comes up at this juncture is that then what is the basic need for manufacturing mobile homes?

Essentially, Mobile homes are created for two motives. The first one is that as it can be taken easily to the rustic area and second thing is that, it is easy to take it on the way to the metropolitan region with extremely high density. During both the above situations, it is unfeasible to build a conservative house owing to varied reason. Later than they are build, they are reallocated by the means of two or three big trucks. It should be tacit that mobile homes are not much costly than the conservative homes erected. Only this is the chief reason due to which it is getting admired day by day. This can be predicted from the truths that in the US only, about more than ten million people are using in such homes to live. Mobile homes are generally called as mobile parks in U.S and also in U.K.

Now the query that comes up at this juncture is, is it feasible to avail the bad credit for mobile home loan lest of your home or land. The reply is yes, it is possible. There are various monetary organizations like banks etc which are there to provide bad credit mobile home loan by mortgaging your personal asset like your home, land or any expensive asset. If land and home all along is mortgaged, the sum of the loan probably will be more. Conversely, if lone small home is set as a security, then the sum that an individual usually avails is about 60 to 70% of the price of that home. So, if an individual needs a big amount of credit, he has his small home and expensive asset both as a security, which should be in his own name.