It is a strange crisis in the housing sector. Figures published yesterday's Chamber of Notaries of Ile-de-France have shown, the old market is stationary. Transactions are scarce and prices down, even in Paris intra-muros, which is new. Conversely, in recent months, nine experienced a true fever. One statistic sums up the situation: the first eight months of the year, bookings are up 50% compared to 2008. Finally, the hollow of the wave has not been very long for the developers. It lasted only six months between September and March. Since they have taken good habits. And for the future, they begin to compete to buy land, causing a rise in land prices.
The reason for this decoupling is simple. It is even a word: taxes. While the new one has benefited from the end of 2008 a tax boost factor, the device Scellier the former, he has received no aid. So, either lower rates or increased appetite of banks for mortgage lending have been sufficient to reverse the trend. The resumption of the new home market is fragile indeed. It does not include property over 300,000 euros and, in turn, starts remain limited. Nevertheless. Once again, real estate shows that is strongly influenced by taxation. Professionals know this, claiming a tax scheme for the former to break the deadlock.
The reason for this decoupling is simple. It is even a word: taxes. While the new one has benefited from the end of 2008 a tax boost factor, the device Scellier the former, he has received no aid. So, either lower rates or increased appetite of banks for mortgage lending have been sufficient to reverse the trend. The resumption of the new home market is fragile indeed. It does not include property over 300,000 euros and, in turn, starts remain limited. Nevertheless. Once again, real estate shows that is strongly influenced by taxation. Professionals know this, claiming a tax scheme for the former to break the deadlock.
No comments:
Post a Comment