Why have prices for apartments increased in March, on a market strangled by crisis
March has brought an unexpected increase in the level of average prices for old properties in the Capital City, and also in other large cities, according the the monitoring reports of one of the most important websites that specialize in this profile. Though statistically real, acoording to real-estate analysts, this increase has no relevance.
The statistical growth is not determined by price increases for apartments already out for sale, but by new offers, that are intentionately placed on higher prices, so that the Landlords can benefint from some leverage .
The number of offers on the market has increased in March with almost 50%, compared to February, according to a recent report. Most realtors are betting on a market normalization, this year, after approx. 24 months of massive currencies depreciations.
Regarding the level of demand for new houses at the beggining of the year, analists describe an improvement, but the request is still, a lot under the number of offers.
The First House program has caused a return in demand, even though the level of transactions is still not very large. However, authorities have modified the program, so that it attracts customers also for new properties.
08/04/2010 March has brought an unexpected increase in the level of average prices for old properties in the Capital City, and also in other large cities, according the the monitoring reports of one of the most important websites that specialize in this profile. Though statistically real, acoording to real-estate analysts, this increase has no relevance.
07/04/2010 The world’s tallest building, Dubai’s Burj Khalifa, has been re-opened for the public after 2 months since several visitors were jammed in the elevator at floor #124.
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