Thursday, 3 November 2011

A recovery in real estate?

During 2010, demand for housing will remain relatively weak and the number of buyers is not expected to increase significantly.
In particular, potential buyers the most sensitive to the unemployment problem or solvency will remain the most degraded out of the market.

The behavior of sellers (especially the former) will be critical. Will they return en masse and they accept to reduce their prices? It is likely they will return only gradually and that the market for "secondo-time buyers" will remain poor.

Prices could well fall a little in the former, given the slight increase in the supply and the need to offset the potential increase of credit rates. Gradually, the market could recover, but slowly and hesitantly.

In real estate agencies we live this year with optimism because we bring new solutions to consumers.

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