In recent months, read many stories regarding the causes of the increase or decrease in real estate transactions in our country. It is not unusual to read that these causes are related to factors such as the end point of relief for purchase of home *, the resistance of the developers to lower prices, or the still huge difference between the average wage English and average selling price of the house **. In a few cases are referred to the granting of loans by the Bank to purchase a home, and when exposed this fact, it's usually to justify the brutal decline in lending that has taken place since the year 2007 based to the limited guarantees that appear to offer potential buyers. In short, it is argued that either the developers have promotions "unmarketable" and "are reluctant to lower prices, or the potential buyers do not have purchasing power, no desire to buy a home or sufficient guarantees that they be granted a loan to purchase the same, in any case, financial institutions have nothing to do.
Well, in our opinion the reality is the opposite, that is, sales suffer drastically because financial institutions have closed in tight credit tap , both for people of recognized solvency guarantees to those whose pay is lower. It is clear that financial institutions have had serious liquidity problems since the outbreak of the Financial Crisis of 2008 , and estas dificultades se transmitieron posteriormente a la economía real al verse ésta imposibilitada para acceder al crédito. Pero si bien las ayudas estatales con dinero público fueron destinadas principalmente para el rescate y saneamiento de las entidades financieras, con la promesa de que dicho rescate posibilitaría la normalización en la emisión de créditos, el sector privado, (entre el que se encuentran las empresas promotoras, constructoras e inmobiliarias del país), sigue sintiendo la restricción del crédito con agudeza. El resultado de todo ello es la quiebra de multitud de empresas desde el estallido de la crisis en el año 2008, la caída del consumo, el aumento del paro, las ejecuciones by mortgage defaults and finally, the risk of default on government accounts to the low revenue base for the decline in private sector who are now trying to fix with tax increases. But financial institutions, as we say, do not give credit because they do not trust companies and families that have become insolvent precisely because of the credit squeeze which have been subjected .
it improve the situation for the coming months in our Real Estate-Builders ? The answer is obviously no. We *** seen how industry will develop along this year, and by virtue of the extensive stock of housing that is now (half in the hands of financial institutions), it is logical the credit that will be grant is intended for the purchase of the properties currently in portfolio Banking, which undoubtedly will result in the gradual decline in housing stock in the country until it will be insufficient to meet demand so ****, financial institutions to sell the stock to accumulate currently no need for further price declines that impair their income statements. But what is clear is that funding for development of new projects (which will require truth in one year), will remain in minimum for the simple reason that whoever controls the supply **** currently has no interest in creation of new competitors in the market . The problem is that financial institutions can not easily get rid of the accumulated housing stock if they restrict credit to businesses and families, because without the stabilization of these there can be no purchasing power.
MBQ Group
*: http : / / mbqgroup.blogspot.com/2011/01/fin-de-la-deduccion-fiscal-por-compra.html
**: http://mbqgroup.blogspot.com/2010/ 10/de-salarios-medios-y-precio-de-la.html
0 comments:
Post a Comment