Posts Tagged ‘Reasons’
June 12, 2014 | 
Author URC Expert Shares Reasons Behind the Slow Spring in the Us Housing Market
(PRWEB) June 11, 2014
A US based real-estate expert working for a renowned financial consulting firm, United Relief Centre, has recently shared his expert analysis of the current housing market situation in the US. Major resources including the Wall Street Journal confirm that the spring did not experience the start that was predicted. However, according to the real estate expert from the United Relief Centre, there are too many variables involved in determining the direction of the market, and therefore, it is too early to predict where the market will turn in the future.
According to the URC expert, one of the major reasons behind the slow start in the spring is the housing prices in most of the major markets. However, he states that the market will go into a late bloom. “It won’t be the first time we witness a slow take off. There are numerous reasons that can lead to such situation. First, there is the price, which is currently higher than what people are willing to pay and then there is the fact that winter was longer than usual this time around. Yet, in any case, we know that these are temporary factors and the market will rebound before we know it,” the expert states.
Backing the claims, the expert shared a recent report by the Mortgage Bankers Association that reveals a rising trend in the number of applications for home loans. After his analysis of all the recently shared numbers and stats, the URC expert predicts the heat to pick somewhere near the second quarter.
The expert, who has more than a decade worth of experience in the US housing market, advised the homebuyers to view current situation in a more positive light. “There is always a silver lining. The slowdown is indicative of how the industry has swiftly moved towards recovery during the past two years. The recent slump in the numbers is only natural because there are lesser distressed properties to buy,” he adds.
More information regarding United Relief Centre and its panel of experts can be found at http://www.unitedreliefcentre.com.
About United Relief Centre
United Relief Centre is an organization founded by a team of financial experts from the US and Canada. The organization provides advocacy and support to people looking for financial help in the areas of real estate, investing, credit, and debt settlement. The major objective of the organization is to bridge the distance between those who seek help and those who are able to provide it. It spreads awareness regarding relief programs, mortgage products, and financial help options that are available for people in financial distress. By promoting better awareness of available options, URC aims to help people improve their financial standing and play a better role in economic development.
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Ontario M5V 1L9
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Colordarcy Reveals 7 Reasons Why Istanbul Will Be The Best Place To Invest In 2013
(PRWEB UK) 10 December 2012
Loxley McKenzie, Managing Director of Colordarcy commented, “There was a time when I could have held up several as candidates for the hottest property markets, however with Europe still in economic decline and Asian property prices slowing down, those choices are limited to just a few outposts where property prices are still rising.
One of these countries is Turkey and there are seven reasons why I expect it’s fastest growing city, Istanbul, to continue growing in 2013, even as property prices in most of the rest of Europe are likely to fall further.”
Colordarcy suggest the following seven reasons why property investors should be looking at Istanbul as the best place to invest in 2013.
1. Turkey has risen to third place in the world’s hottest property markets
According to Knight Frank’s latest global house price index, Turkey’s property prices increased on average 11.5% between Q3 2011 and Q3 2012. This is phenomenal considering that one of Turkey’s near neighbours, Greece, has been grappling with their own version of a Great Depression.
Nowhere else in Europe have property prices risen this fast this quickly and it is likely that further increases in the value of property in Istanbul will be seen as more investment money pours into the city.
2. Stable economy and a better credit rating
Turkey’s economic situation is far more stable than it used to be say country analysts at Colordarcy. Back in November 2012, Fitch finally lifted Turkey’s long term currency debt to BBB- from BB+ (Source: Reuters)
Ratings agencies are notorious for taking a ‘glass half full’ view of most countries at the moment, so it is a very positive sign for next year that Turkey has actually been upgraded.
3. Pent up demand
Turkey’s economy and property markets have grown so rapidly, it is easy to forget that the country is still emerging. What makes Istanbul so attractive is huge demand for property according to Colordarcy analysts.
At the very basic level, the price of property in Turkey is rising because demand is so high. 600,000 housing units a year are needed to cater for rapid population growth. (Source: Turkstat)
4. Lifting of reciprocity restrictions
The lifting of the reciprocity law in Turkey in May 2012 attracted global attention. Even before Turkey decided to lift its restrictions on foreign property investors, $ 1.1 billion worth of property had already been purchased, which was four times the amount in 2011.
5. Increased interest from Middle East investors
Turkey has been on a major charm offensive aimed at attracting investment from its Arab neighbours. The Middle East currently accounts for just 10 per cent of foreign direct investment in Turkey (Source: Turkstat) and there is a good chance that this will now rise considerably.
Back in October, the FT reported that one construction group developing a site in Istanbul had received $ 400m from Gulf investors before it was even launched.
6. Prices remain low in comparison to most Western European countries – even in Istanbul
The price per square metre of property in Istanbul has risen from £1,244 to £2,800 in 7 years, yet the average price per square metre of Turkey as a whole still has a long way to catch up with Spain, The Netherlands and the Czech Republic.
Istanbul still ranks a lowly 29th among the world’s most expensive cities to buy property. (Source: Global Property Guide).
7. Turkey has performed well even as the rest of Europe remained flat or in decline in 2013
Knight Frank’s latest report on European property makes for grim reading. Austerity measures being taken in most countries to pay off debt are clearly having a negative affect on property prices. The index rose just 1 percent year-over-year in the third quarter of 2012.
The 12 countries at the bottom of the list are all from Europe, and the fact that Turkey has weathered this year’s storm well and hints at more of the same to come in 2013 as the situation in Europe hopefully improves.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
For more information, supporting pictures or logo artwork, please contact:
Brett Tudor
PR Manager
Tel: +44 (0) 207 100 2393
Email: press(at)colordarcy(dot)com
Web: http://www.colordarcy.com/
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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