The summer holidays will be difficult for property prices. While real estate agents begin to see the beginning of the turn, the decline looks beautiful and well underway.
Sales of new homes have collapsed in the first quarter making the unsold stocks of goods to an all time high depusi 1992. Now the summer is not conducive to the purchase of apartments or houses. Stocks should therefore continue to rise and prices to stay the course downward.
Finally, home loans are becoming increasingly expensive and inaccessible. This week the ECB is expected to announce the nth rising interest rates and thus indirectly trigger a further rise in mortgage rates. Tension is at its maximum on property prices. The experts maintain a prediction of falling house prices of 4% in 2008 and between 4 and 6% in 2009.
Sales of new homes have collapsed in the first quarter making the unsold stocks of goods to an all time high depusi 1992. Now the summer is not conducive to the purchase of apartments or houses. Stocks should therefore continue to rise and prices to stay the course downward.
Finally, home loans are becoming increasingly expensive and inaccessible. This week the ECB is expected to announce the nth rising interest rates and thus indirectly trigger a further rise in mortgage rates. Tension is at its maximum on property prices. The experts maintain a prediction of falling house prices of 4% in 2008 and between 4 and 6% in 2009.
