While most families and businesses are ruined by the credit crunch gradually, others are lining their pockets based on write and say what many people are wanting to hear, that is, the Real Estate-Builders is cause of all ills and that housing will fall to 70% in value until 2016. Write sensational books is quite common in this country, especially when social and economic circumstances are shown for the emergence and spring flowers and illuminated gurus who call themselves themselves as "experts."
The case of Mr Matthew Borja, Attorney at Law, is one of them. The Lord has been dedicated in recent years to walk around television sets and selling books at the expense paint a quite catastrophic scenario of the English property market, combining data without any foundation and ensuring that English developers, together with the Bank and the State are intentionally manipulating the price of the property for their own benefit and of course, to the detriment potential buyers.
The truth is that it seems strange that from the sector associations has not spoken out against such nonsense that are deposited on programs and interviews without any criticism that can put them in jeopardy. Thus, based on studies that nobody can see, the Lord says "there are 3.1 million empty flats, of which 620,720 are on sale; 1.24 million flats are in the hands of builders, of which about 900 000 are on sale: 1.3 millions of apartments under construction, 80 000 flats deeded and non-registered, a projected population growth for 2011-2020 by year of 124 000 people, and the demand is for a maximum of 250 thousand units per year. We floors for the next 15 to 16.5 years. " The truth is that official data about which are the INE estimates based on a strict calculation method, transparent and correct * not put more than 650,000 homes by 2010, although we have seen this number of dwellings not exactly belong to the housing stock sale scheme.
In statements like the following: "Until 2015-2016, the story or play. The housing market crisis will get worse as rates rise, the mortgages will rise in price erode demand, supply will continue leaving the market and prices will fall. Also, given the strong outflow of flats to the rental market, the same low, making it much more interesting than the purchase. In addition, rents sonrenegociables, the floors, once acquired, no. " merely left in evidence, as on one hand, although it is expected that with the improvement of the European economy rise in interest rates (with the repercussion that rise in the Euribor) is not expected that it is up in at least 12 months, as we have said ** be less attractive to purchase a home ownership although then wait for the buyer credit to flow more normally now. Also, despite circumstantial advantages have houses for rent, is totally false that the average price of these is less than the average price of the mortgage payment in Spain ***.
But the slights and misrepresentations about the Real Estate-Builders holding this Lord are endless, so for example in relation to the end of the deduction for home purchase says " That presumption has never had to exist because they involve giving money to builders and real estate: we have an obligation that they be paid the vagaries, we can not pay them together. The era of The bricks are gone and will not return " ; Do you mean that the tax deduction for homeownership meant giving money to developers? continued his statements quoted property sites as reliable sources to determine the price of housing, when the only fairly reliable source for this is that, once again, the data handled by the INE, based on deeds of sale. How is it possible to determine the evolution of housing prices in terms of advertising where everyone can to the price that pleases, regardless of whether the operation is performed after a completely different price that announced? How is it possible to take into account the statistics of real estate portals for this purpose?
"The floor is now used to plant sunflowers," says this "expert" who surely knows perfectly the development sector and the construction and every day helps most panic on our Real Estate-Builders, which is difficult to get out of the grave crisis that is involved if it continues impassive face this kind of tricky and malicious information.
MBQ Group
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