After the business of real estate lending has recently broken into, and now the trend is upward again. In an exclusive survey by the Handelsblatt newspaper, several banks have announced plans to expand its lending to real estate. This could facilitate the financing for investors and developers. The mood in the housing market clears up gradually. Source: dpaLupe The mood in the housing market clears up gradually. Source: Reuters FRANKFURT. The supply of credit in the housing market begins to relax. Several banks indicated at a Handelsblatt survey to try to finance the second half more commercial real estate. In addition, several houses were saying that the competition among the banks has been revived again. "Overall, the climate has brightened further," said the chief executive of the Association of German Pfandbrief Banks (VDP), Jens Tolckmitt, the Handelsblatt. There were signs of an easing in the second quarter. "According to our figures, it has in the commercial lending business in the second quarter once again been a revival," said Tolckmitt. His association represents virtually all major real estate financier in Germany. Between April and June, the lending VDP members had increased compared to the first quarter by 16.7 percent. It is true that the lending business, with 20 billion euros in the first six months was still effectively halved, but the trend back upwards. And there are signs that this will continue. Several banks have announced in the survey to try to increase its lending in the second half, including the Commerzbank subsidiary Eurohypo, the DG Hyp and the German mortgage bank. This sparked gradually also competition between the various institutions. "Especially in the last three months it has intensified significantly," said a spokesman for the German mortgage bank. The WestImmo says that again and more banks are active nationally and internationally. "One reason for the improved funding situation also seems to be," said a spokeswoman. In fact, it is again easier for banks to refinance loans on real estate capital markets. Since the European Central Bank announced in May a purchase program for mortgage bonds, risk premiums fell by 85 percent.
Tuesday, October 6, 2009
Exhibition around the theme of real estate
On Saturday and Sunday 10 and 11 October is when the car Weller Pagenstecherstraße in Osnabrueck, the "16 immobilien messe osnabrück "instead. Presented are the latest developments in the areas of buying, building, rent, energy conservation, modernization, and of course Embellish Finance. As a contrast offered by the organizers in the program fun and games for the whole family. Details are available from reputable banks, financial advisors, real estate and real estate agents, builders, as well as specialized trades. As in the past two years, are required on the grounds of "Osnabrück region" Cities and towns in the region present their best building sites (commercial and private) as well as extensive consultations on infrastructure and the respective merits of the site. But the city of Osnabrück will itself be the first time as an exhibitor. Visitors at the fair also have the chance to 25,000 euros in cash - for example, as seed money for the home. The Ikea furniture store raffled off in addition, per a merchandise voucher worth 1,000, 500 and 250 euros. Already a classic in the tradition of the fair is the private property market, "I seek, I offer" may be charged for the exclusively private individuals receive offers and requests. The event will be surrounded by the extensive family program that includes both actions at the car dealer as well as outdoors, of course the game for the kids to the cozy bistro for the Great Exhibition. Event Partner for the "16 osnabrück real estate fair "is the media company New OZ. Admission is free as usual.
EQS / Original-Research: GWB real estate AG (von GSC Research GmbH): Purchase
GWB Immobilien AG - von GSC Research GmbH shares grading GSC Research GmbH GWB Immobilien AG Company: GWB Immobilien AG ISIN: DE000A0JKHG0 occasion of the Study: Half year figures 2009 Recommendation: Buy seit: 02.10.2009 Target price: 3.50 euros price target a timeframe of 12 months Last rating change: 06.07.2009 to Buy from Hold Analyst: Klaus Kränzle (CEFA) Further stabilization of the shop at six levels, the half-year figures were moving in line with our expectations. Here, the rental income cash flow had a stabilizing effect on the GWB. Moreover, it seems that the sale of jam dissolve slowly as the sale contract authenticated evidence for an object. Against this background, we reaffirm our conservative estimates, and here make any changes. Due to transfers of property between the balance sheet reserves and financial assets are in our view, the outcome indicators for an assessment of GWB share important than sales or total output. Given the unpredictable economic environment of GWB Immobilien AG, the highly cyclical business and of its far-reaching implications of any transfers in the balance, our projections are of course subject to great uncertainty. This uncertainty, however, we have incorporated in the form very carefully chosen parameters in our estimates unchanged. Still, real estate stocks on the stock exchange are valued very reserved. GWB offers immobilienaffinen investor, however, in our view an interesting combination of consumer and real estate story. We therefore recommend that the speculative investors, the stock portfolio addition to unchanged from a capital market for technical reasons slightly higher target price of 3.50 euros. The purchase recommendation, we keep them in this context.
LBI Real Estate sales
74 homes changed hands jg Bad Laasphe. Around eight months of the Siegen newspaper reported the fact that the bathroom LAASPHE Bauplanungs and Investment Ltd "LBI" their bankruptcy application was made. Yesterday, the insolvency administrator Carsten Koch informed upon request of the SZ, that he designed for residential properties in the 74-LBI had found a buyer. Since June is for the management of another company. These were "professionals", have been complaining of the tenants still not with him. A bigger problem are now the remaining LBI-building land, the man of the law firm Weilburger Dithmar, Westhelle, Assenmacher, Zwingmann and partners. But even for this there had been discussions in the past week with the Sparkasse Wittgenstein.
Real Estate Exhibition: Region attracts companies
Kreis Viersen. Happy faces, there has been on the Lower stand, which also is represented in the district of Viersen, at the Expo Real in Munich. For the eighth time in the district of Viersen, presented at the largest trade fair for commercial real estate to a professional audience from all over the world. District Administrator Peter Ottmann put together before with Rolf Adolphs, managing director of marketing promotion company for the district of Viersen (WFG), the advantages of the region. "The district of Viersen is for the future with a healthy mix of modern service industries, international industrial and trading activities to high-tech products, find themselves in space use, well prepared." In talks at the Expo Real Ottmann demanded the closure of the gap A 74 on the Dutch and the A61 to Venlo on the German side. The new industrial park in Nettetal Villas could not be marketed without the motorway connections. There should be no further delays. Specific projects in the district and the cities of Viersen Willich, Mayor Günter Thönnessen Nettetal and Viersen (Viersen) and Thomas Küppers presented, Head of the Economic Development Corporation of the City of Viersen, Mayor Joseph Heyes (Willich) and Dietmar Sagel, economic development corporation of the city Nettetal. Thönnessen pointed to the benefits of the commercial Mackenstein-North, whose commercial space can be variably tailored. Willich for the city of Joseph Heyes Münchheide IV and put steel against Becker. Münchheide could not develop because of the last neighborhood to Duesseldorf airport to a remote location for large and medium enterprises. The former steel plant in Willich Becker is now a business park with high architectural standards
The duel of the coal-Kaiser
If today at 18.30 clock with the HSV and Ciudad Real, two of the world's best handball teams in rattling the Color Line Arena each other, two men will be especially tight: Hamburg President Andreas Rudolph and his Spanish opposite Domingo de Mera. More about The royal battle: HSV against the best in the world The royal battle Against HSV Best in the world The two have very different careers. Hardly know each other. Have only one conversation with the help of an interpreter (de Mera talks) is not English. One has the mega-wealthy bosses, but in common: the passion for handball. Both pumped many millions into their private teams. The duel of the coal-Emperor. Rudolph made his fortune in the medical field. In 1992, he developed a business idea in the home health management. de Mera's construction business, has changed with real estate transactions for high earners. Constructed in Ciudad Real (170 km south of Madrid) even an airport. The real estate crisis in Spain, but walked past de Mera no trace. He is said to have lost around 200 million euros. Its stars have to live this season with wage losses. And yet Ciudad (is won in the last 3 years, twice the Champions League) Next THE top team in Europe ... ... trying to force the Rudolph with the HSV to their knees. "We have nothing to hide," he says. "All the recent duels were at eye level. This is an incredibly difficult game. A site-determination. "
Property: London becomes available
London suffers more from the housing crisis as Paris. Following the realignment of the pound sterling to the euro and falling house prices, property Londoners have again become attractive to French customers. Apartment London typiqueOutre handle the crisis in housing is severe. In London, the residential market has reached its highest during the summer of 2007. Then from September 2007 to September 2009, prices have dropped between 25% and 35%, depending on the neighborhood. This slip values has even begun in July 2007, more than a year before Paris. The fall in the number of transactions was staggering: 80% decline between September 2007 and September 2008 and 50% decline between September 2008 and September 2009. "Still unaffordable there is little time for French customers, the London market has again become very attractive due to a combination of declining property prices and the fall of the pound sterling against the euro, defends Thibault Saint Vincent, president of Barnes. The euro has strengthened the financial firepower of the Europeans in England.
In the most popular neighborhoods, the cap of 10,000 euros per square meter is widely taken to afford a comfortable apartment. Expect to pay about 12,000 euros per square meter in Chelsea and 15,000 euros per square meter in Knightsbridge. While in France, the purchaser is both owner of a property and its land, the system differs in London. And because the land belongs to the most royal family. Result: the purchaser only owns the walls. On the ground, most properties are "lease hold", that is to say, sold under a long lease with durations generally between 50 and 99 years.
Making a rental investment
Les Américains considèrent la Grande Bretagne comme une porte d'entrée en Europe pour des raisons linguistiques évidentes. For their part, Europeans tend to regard London as the New York of Europe "because of its melting pot of cultures. "Buy an apartment in London to investment is a sure", say local estate agents. Despite the financial crisis, the French customer is present along the Thames, both residents of London or French investors. Anxious to diversify their assets geographically and seize market opportunities, they have crossed the "Chanel" since about a year. They are even more tempted to do when they have adult children who study or work in London. A purchase there allows them to accommodate their descendants, even to give the property to rent later. By buying at the bottom of the London market with a weak euro, they limit the risk to this investment long term. "As rents have declined less than the selling price, the profitability of property investment quality has improved, in London for two years, says Thibault de Saint Vincent. Investors can acquire a quality property in central London 30% less than two years ago and the rent 20% below prices two years ago. The result before tax on rental property exudes a return of 5% and 6, two to three points more than in Paris.
In the most popular neighborhoods, the cap of 10,000 euros per square meter is widely taken to afford a comfortable apartment. Expect to pay about 12,000 euros per square meter in Chelsea and 15,000 euros per square meter in Knightsbridge. While in France, the purchaser is both owner of a property and its land, the system differs in London. And because the land belongs to the most royal family. Result: the purchaser only owns the walls. On the ground, most properties are "lease hold", that is to say, sold under a long lease with durations generally between 50 and 99 years.
Making a rental investment
Les Américains considèrent la Grande Bretagne comme une porte d'entrée en Europe pour des raisons linguistiques évidentes. For their part, Europeans tend to regard London as the New York of Europe "because of its melting pot of cultures. "Buy an apartment in London to investment is a sure", say local estate agents. Despite the financial crisis, the French customer is present along the Thames, both residents of London or French investors. Anxious to diversify their assets geographically and seize market opportunities, they have crossed the "Chanel" since about a year. They are even more tempted to do when they have adult children who study or work in London. A purchase there allows them to accommodate their descendants, even to give the property to rent later. By buying at the bottom of the London market with a weak euro, they limit the risk to this investment long term. "As rents have declined less than the selling price, the profitability of property investment quality has improved, in London for two years, says Thibault de Saint Vincent. Investors can acquire a quality property in central London 30% less than two years ago and the rent 20% below prices two years ago. The result before tax on rental property exudes a return of 5% and 6, two to three points more than in Paris.
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