Mediafax (Mediafax)
Real estate  |  September 08, 2010 11:26:07 Typical real estate transactions this year in the purchase of luxury and inability to repay loan


PRAGUE (MEDIAFAX) - Luxury real estate purchases and due to the inability to repay the loan, according to real estate agents typical stores this year. Housing prices have declined significantly, which is an opportunity for investment, said on Wednesday estate agency.

"The reasons for such paradoxes are logical: on the one hand, in the past, lower income groups be structured mortgage near maximum capacity for other consumer loans, not to mention. In case of failure if only one income for them exists a critical situation," said Otakar Smid, director of real estate office. "And on the other hand, the highest income groups are not for purchases of real estate bound by the willingness of banks to provide mortgage loans.Moreover, housing prices have gone down significantly, there is a great opportunity for investment, "he added.

This year, according to real estate agents well sell luxury real estate. Real estate sold during the holidays such as a family house in Prague for 31 million. Outside the capital, the figures for luxury housing according to disproportionately lower price levels in the regions but also superior. Luxury family house in Carlsbad for 12 million at present is considered to be at a premium as well as directly in Prague. Similarly, the price of eight million for a similar construction in the immediate vicinity of Ostrava 10 million or close to Brno and Plzen. Luxury is not a matter known only from the metropolis.

In the extreme case of the second inquiry of real estate purchases by Smid, there are three types of customers. First just want to know what price their property has. The second group consists of clients who have previously committed to purchase such other property, the were going to finance a significant portion of sales from the existing one. Due to the fact that they are due to the current situation in the market did not time it to their advantage at the moment to sell property with a smaller loss than face sanctions arising with contracts for the purchase of another property.

"The third group consists of clients who got into trouble on their property have one or more executions and threatened them to auction. This is the largest group of customers. We must unfortunately say that to us often in time for us to prevent the auction, there is not much time, "said Smid.

High demand for the purchase of real estate experience under distributed throughout the Czech Republic evenly. Clients often contact the office via the customer center. In the first phase of a specialist agency finds all of the obligations that the client needs to solve.

"But often clients themselves do not know or maybe do not want to know what the problems are given. In this case we can based on their credentials to determine the actual amount of their debts. Then offer them a solution that usually lies in the fact that their commitments will pay from its own resources through short-term interest-free loans and then sell their property for a standard mediation commission. Alternatively, we are able to buy property and pay their obligations, "he concluded Smid. estate agency is one of the major estate agents on the market in the Czech Republic and one of the top three real estate agencies in terms of the number of sold properties. The domestic real estate market works since 2005. Currently works with more than 120 brokers and 12 of the transferor. The majority shareholder is a real estate company with the capital SPGroup facilities, property portfolio worth 4.5 billion crowns.

Dana Rybáková,

Was this article: 10 | 8 | 6 | 4 | 2 | 0

Read also:

October 12, 2016Londýn volá: Britské obchody lákají milovníky luxusu Patria (Patria Finance)
November 14, 2010Řecko možná nebude splácet úvěr od EU a MMF včas Mediafax (Mediafax)

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688