Money Reconfinement: will property prices go down this time?

13:05  29 october  2020
13:05  29 october  2020 Source:   immobilier.lefigaro.fr

Almost reconfinement in Ireland, schools remain open

 Almost reconfinement in Ireland, schools remain open HEALTH-CORONAVIRUS-IRELAND: Almost reconfinement in Ireland, schools remain open © Reuters / CLODAGH KILCOYNE QUASI-RECONFINEMENT IN IRELAND, SCHOOLS REMAIN OPEN DUBLIN (Reuters ) - The Irish authorities announced Monday evening a new turn of the screw in the measures taken to contain the coronavirus epidemic, imposing a virtual re-containment even if the schools remain open this time.

ONLY this morning, property search portal Rightmove released its latest house price index, suggesting that the ‘surge of sales' over the past month was pushing asking prices to record highs. House prices UK: As coronavirus hits the property market - where are the most affordable areas?

Eleven times . It’s strangely reminiscent of 2012 and 2016. Yes, both of those were election years, but So fast, in fact, that many home buyers and refinance candidates were suddenly priced out of the market. Will mortgage interest rates go down in 2020? Can you negotiate a better mortgage rate?

  Reconfinement: les prix immobiliers vont-ils baisser cette fois? © fizkes / Shutterstock

While the French will once again have to remain confined, the notaries believe that prices will not be affected.

Five months after the deconfinement , we left for a tour. For at least four weeks, the French will not be able to leave their homes , except for exceptions. A prospect that worries more than a third (34% exactly) of Internet users surveyed by Le Figaro Immobilier. This figure even climbs to 46% for households intending to buy real estate and drops to 25% for buyers.

That is to say the tense climate in which the market finds itself which was recovering after the first confinement. "Health and economic uncertainty prevails and at this stage, the wait-and-see attitude remains in order", note the notaries of France in their latest economic report . They expect sales volumes to stagnate by the end of the year. "The recovery could only take place next spring thanks to an economic catch-up and a crisis under control", add the notaries. Which is far from being the case, quite the contrary.

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Ask for Your Property Tax Card. Few homeowners realize they can go down to the town hall and request a copy The tax card provides the homeowner with information the town has gathered about their property over time . Any structural changes to a home or property will increase your tax bill.

Major analysis of coronavirus impact stresses property prices will dip only 3% and then rebound next year. House sales in the UK will collapse this year as the coronavirus pandemic puts the property Last week the number of sales being agreed was down 84.2% annually, exchanges were down 66.6

Wait-and-see attitude

On the price side, nearly one in two French people (49% exactly) think they will increase, according to the Figaro Immobilier survey. Less than a third (30%) believe, on the contrary, that they will decline. An opinion shared by the notaries, despite the re-containment. "Only major and persistent economic consequences would be likely to significantly impact prices," say the notaries.

The latter recall that the previous confinement, although it lasted two months, "was not sufficiently durable" to bring down prices, unlike sales volumes which should drop by around 20% in 2020 compared to 2019. Last year, almost 1.1 million transactions were signed. In 2020, the threshold of 900,000 sales (over one year) seems attainable. As for prices, if they are not going down, for the time being, they are starting to stall, especially in Paris .

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 Big tension on the set of CNews: during a debate around the new restrictive measures and a probable reconfinement, Pascal Praud had a very lively exchange with the journalist Yvan Rioufol, to the point of seeing the latter leave the show. © CNews Great tension on the CNews set: during a debate around new restrictive measures and a probable re-containment, Pascal Praud had a very lively exchange with journalist Yvan Rioufol, to the point of seeing the latter quit the show.

Property Market Crash. 26 769 просмотров 26 тыс. просмотров. Looking at property investing UK? Will property market crash? What next for UK property prices ? PLEASE NOTE - We make all reasonable efforts to ensure that all prices shown on Our Site are correct at the time of going online.

Bond prices have an inverse relationship with interest rates, which means that as interest rates rise, bond prices drop. When interest rates go up, new bonds that are issued come with a higher interest rate and provide more income to investors.

To see if the notaries' forecasts will be verified in the future. In the meantime, professionals will be crossing their fingers so that this new confinement lasts as short as possible. Ditto for sellers who fear a drop in the value of their property. Conversely, future buyers, who are 78% to consider that it is always a good time to buy a property, would like real estate prices to be more affordable.

ALSO ON MSN - Coronavirus: Emmanuel Macron announces the reconfinement

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