Rent Guarantee Insurance For Landlords | S&P sees deepening house slump in Spain, France and Holland
http://bit.ly/11UshYi
Rent Guarantee Insurance For Landlords | S&P sees deepening house slump in Spain, France and Holland If you have a property that you think meets our criteria, contact our teamwhere we will arrange a time to come and talk to you and inspect the property. You decide if you want the building rented for between one and five years. We make formal offers within 24 hours of seeing the property. Please note we require the relevant gas and safety certificates but we can arrange these for you if required. Spanish house prices are to fall a further 13pc by the end of next year as the authorities flood the market with a backlog of repossessed properties, Standard and Poor’s has warned. The agency said the housing slump is deepening across large swathes of the eurozone. French declines are “gaining momentum”, with prices likely to fall 5pc this year and a further 5pc in 2014. Rent Guarantee Insurance For Landlords French property faces a “protracted correction” as the economy buckles, hit by fiscal tightening, higher taxes and a surge in unemployment to post-war highs. France’s price-to-income ratio rose to a record 180pc of historic levels during the bubble, one of the most stretched levels seen anywhere in the OECD bloc. The property market began to roll over last year, prompting warnings by the French consultants PrimeView that values could tumble by as much as 40pc before excesses are purged. S&P said the deep crisis in the Netherlands would grind on despite the government’s partial retreat from austerity and its decision to delay €4.3bn in spending custs. Dutch home prices will slide another 6.5pc by late next year, bringing the accumulated fall to more than 23pc. The agency said the apparent recovery in mortgage loans this year was a statistical distortion that would fade as job losses mount. Dutch unemployment surged to 8.1pc in March from 5.9pc a year ago. Over 25pc of Dutch mortgages are now “onder water” - as they say in Holland - with negative equity. The Dutch experience offers a stark contrast to the UK, where prices have been creeping up and should rise 1.5pc this year. The UK and Holland had comparable bubbles: the difference is that stimulus by the Bank of England stabilized the market. Rent Guarantee Insurance For Landlords S&P said Italy, Portugal and Ireland will all see further falls this year but the chief worry is Spain, where a vast glut of unsold property has yet to hit the market. Rent Guarantee Insurance For Landlords Spanish prices have already dropped by 28pc from their peak in March 2008 - or more some estimates - and face a fall of 8pc this year and 5pc next year as the Spanish "bad bank" Sareb gradually sells its stock of 91,000 foreclosed homes. Experts say the key reason why Spanish prices held up well in the early years of the crisis is that banks held onto foreclosed properties from bankrupt developers rather than take losses immediately and “clear” the market. This began to change in 2012 as Santander, BBVA and other banks rushed to liquidate their portfolios before the onslaught from the nationalized banks folded into Sareb. The Spanish authorities have ordered Madrid to accelerate the pace of Sareb sales as a condition of the EU bail-out in July 2012. Madrid consultants RR de Acuna said last December that there are almost 2m properties waiting to be sold, including 800,000 used homes on the market, and 700,000 units on the books of developers, 450,000 seized or in foreclosure and 250,000 still being built. The group said prices are likely to fall a further 30pc in Madrid, Barcelona and other big cities before touching the bottom in 2018, with even steeper drops lasting a decade in some of the coastal areas that ran wild during the bubble. It said acres of concrete would have to be torn down and returned to pasture. Germany is marching to an entirely different tune from the rest of the eurozone. S&P said prices rose 3.5pc last year, and will rise 3pc this year and again in 2014. The German economy is at the other end of the property cycle with price-to-income ratios still just 80pc of historic levels. View the original article here rent guarantee scheme - Do you want to receive monthly rent even when the property is unoccupied?. Please contact us on 020 8694 8098 for extensive references to see how we can help you today.
http://bit.ly/11UshYi
Rent Guarantee Insurance For Landlords | S&P sees deepening house slump in Spain, France and Holland If you have a property that you think meets our criteria, contact our teamwhere we will arrange a time to come and talk to you and inspect the property. You decide if you want the building rented for between one and five years. We make formal offers within 24 hours of seeing the property. Please note we require the relevant gas and safety certificates but we can arrange these for you if required. Spanish house prices are to fall a further 13pc by the end of next year as the authorities flood the market with a backlog of repossessed properties, Standard and Poor’s has warned. The agency said the housing slump is deepening across large swathes of the eurozone. French declines are “gaining momentum”, with prices likely to fall 5pc this year and a further 5pc in 2014. Rent Guarantee Insurance For Landlords French property faces a “protracted correction” as the economy buckles, hit by fiscal tightening, higher taxes and a surge in unemployment to post-war highs. France’s price-to-income ratio rose to a record 180pc of historic levels during the bubble, one of the most stretched levels seen anywhere in the OECD bloc. The property market began to roll over last year, prompting warnings by the French consultants PrimeView that values could tumble by as much as 40pc before excesses are purged. S&P said the deep crisis in the Netherlands would grind on despite the government’s partial retreat from austerity and its decision to delay €4.3bn in spending custs. Dutch home prices will slide another 6.5pc by late next year, bringing the accumulated fall to more than 23pc. The agency said the apparent recovery in mortgage loans this year was a statistical distortion that would fade as job losses mount. Dutch unemployment surged to 8.1pc in March from 5.9pc a year ago. Over 25pc of Dutch mortgages are now “onder water” - as they say in Holland - with negative equity. The Dutch experience offers a stark contrast to the UK, where prices have been creeping up and should rise 1.5pc this year. The UK and Holland had comparable bubbles: the difference is that stimulus by the Bank of England stabilized the market. Rent Guarantee Insurance For Landlords S&P said Italy, Portugal and Ireland will all see further falls this year but the chief worry is Spain, where a vast glut of unsold property has yet to hit the market. Rent Guarantee Insurance For Landlords Spanish prices have already dropped by 28pc from their peak in March 2008 - or more some estimates - and face a fall of 8pc this year and 5pc next year as the Spanish "bad bank" Sareb gradually sells its stock of 91,000 foreclosed homes. Experts say the key reason why Spanish prices held up well in the early years of the crisis is that banks held onto foreclosed properties from bankrupt developers rather than take losses immediately and “clear” the market. This began to change in 2012 as Santander, BBVA and other banks rushed to liquidate their portfolios before the onslaught from the nationalized banks folded into Sareb. The Spanish authorities have ordered Madrid to accelerate the pace of Sareb sales as a condition of the EU bail-out in July 2012. Madrid consultants RR de Acuna said last December that there are almost 2m properties waiting to be sold, including 800,000 used homes on the market, and 700,000 units on the books of developers, 450,000 seized or in foreclosure and 250,000 still being built. The group said prices are likely to fall a further 30pc in Madrid, Barcelona and other big cities before touching the bottom in 2018, with even steeper drops lasting a decade in some of the coastal areas that ran wild during the bubble. It said acres of concrete would have to be torn down and returned to pasture. Germany is marching to an entirely different tune from the rest of the eurozone. S&P said prices rose 3.5pc last year, and will rise 3pc this year and again in 2014. The German economy is at the other end of the property cycle with price-to-income ratios still just 80pc of historic levels. View the original article here rent guarantee scheme - Do you want to receive monthly rent even when the property is unoccupied?. Please contact us on 020 8694 8098 for extensive references to see how we can help you today.
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