Real estate and political uncertainty: this is what is happening in Europe
Every year, there are several reports about the European real estate market. According to the latest findings, however, it seems that this period is not particularly prosperous for Europe and that a wave of insecurity and uncertainty among investors has flared up.
Although some countries such as Italy are able to maintain fairly high sales trends, in general the political climate and international relations between the various countries, seem to be the weak points that, with the passage of time, have put the various tensions into economy.
But what were the main causes of this blockade?
Together with the general political instability, the increase in interest rates has also been a decisive factor for investors in the process of choosing both the place and the type of property. The widespread pessimism has been felt especially in countries where there is currently a little encouraging geopolitical climate.
Among the almost interminable list, we undoubtedly identify England, which, as a victim of Brexit, has seen every profit point fall, especially in English brick.
Another element that has brought problems in this sector has been the presence of huge foreign capital, especially Asian, which have considerably reduced the choice available on the market of various properties. Among the nations that seem to be alien from this critical strand, we identify first place Portugal, captained by Lisbon that has won the hearts of investors thanks to the political stability it enjoys and the excellent quality of life.
Followed by the cities of Berlin, Dublin, Frankfurt and Madrid which, to protect themselves from this boom of general distrust in the European brick, have applied the strategy aimed at increasing property prices, especially in the luxury residential market (+ 6%).
The growth that awaits Europe seems to be more tenuous compared to last year, crowned by a flourishing real estate market and above all in constant change. Sales times are also increasing compared to previous years. A house remains on the market for more than 140 days in large cities, while 160 days is the number that characterizes the smaller Municipalities.
In general, it is well known that when we examine the variables that influence the factors that characterize the real estate market, we certainly can not neglect specific elements. Among these it is necessary to mention the level of modernization of the buildings.
In recent years, many buildings have been modified and renovated. In particular, the needs of investors have changed, and they are currently opting for smaller but smart and green homes. But these prerogatives, as well as implying an increase in the costs related to the purchase of the buildings themselves, need time to be applied.
And if the East Tiger does not seem to stop its rush to innovation, in this case it can not be said the same of the European continent, decidedly older and steeped in history and with a historical cultural heritage to be protected. It is hoped that history, culture and the need to protect tradition are not too heavy a burden not to allow Europe to progress in the real estate market.
Although some countries such as Italy are able to maintain fairly high sales trends, in general the political climate and international relations between the various countries, seem to be the weak points that, with the passage of time, have put the various tensions into economy.
But what were the main causes of this blockade?
Together with the general political instability, the increase in interest rates has also been a decisive factor for investors in the process of choosing both the place and the type of property. The widespread pessimism has been felt especially in countries where there is currently a little encouraging geopolitical climate.
Among the almost interminable list, we undoubtedly identify England, which, as a victim of Brexit, has seen every profit point fall, especially in English brick.
Another element that has brought problems in this sector has been the presence of huge foreign capital, especially Asian, which have considerably reduced the choice available on the market of various properties. Among the nations that seem to be alien from this critical strand, we identify first place Portugal, captained by Lisbon that has won the hearts of investors thanks to the political stability it enjoys and the excellent quality of life.
Followed by the cities of Berlin, Dublin, Frankfurt and Madrid which, to protect themselves from this boom of general distrust in the European brick, have applied the strategy aimed at increasing property prices, especially in the luxury residential market (+ 6%).
The growth that awaits Europe seems to be more tenuous compared to last year, crowned by a flourishing real estate market and above all in constant change. Sales times are also increasing compared to previous years. A house remains on the market for more than 140 days in large cities, while 160 days is the number that characterizes the smaller Municipalities.
In general, it is well known that when we examine the variables that influence the factors that characterize the real estate market, we certainly can not neglect specific elements. Among these it is necessary to mention the level of modernization of the buildings.
In recent years, many buildings have been modified and renovated. In particular, the needs of investors have changed, and they are currently opting for smaller but smart and green homes. But these prerogatives, as well as implying an increase in the costs related to the purchase of the buildings themselves, need time to be applied.
And if the East Tiger does not seem to stop its rush to innovation, in this case it can not be said the same of the European continent, decidedly older and steeped in history and with a historical cultural heritage to be protected. It is hoped that history, culture and the need to protect tradition are not too heavy a burden not to allow Europe to progress in the real estate market.
