Money "Fatal development": Housing prices rise sharply despite Corona

21:05  25 november  2020
21:05  25 november  2020 Source:   tagesspiegel.de

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Despite coronavirus restrictions sending auctions online and seeing many home sales abandoned Despite a sharp drop in market activity and a severe weakening in consumer sentiment, home price rises were recorded across most capital cities, driving national house prices up 0.3 per cent in April.

New construction on residential housing slowed sharply last month, the Census Bureau reports, while newly issued permits in March rose to the highest level Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

The pandemic is not slowing the price increase on the housing market. Compared to the same quarter of the previous year, prices rose by 7.8 percent. The market in Berlin is divided.

Alles wird teurer - Eigenheime und Eigentumswohnungen in ganz Deutschland © Photo: dpa Everything is getting more expensive - homes and condominiums throughout Germany

Anyone who wants to buy their own apartment or house has to dig deeper and deeper into their pockets. At the end of the third quarter of this year, the Federal Statistical Office "Destatis" reported an even accelerated increase in prices. With an increase of 7.8 percent compared to the same quarter of the previous year and 2.6 percent compared to the second quarter, "despite the Corona crisis, prices rose as much on average in the 3rd quarter of 2020 as they did in the 4th quarter of 2016.

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CBA's base-case is for house prices to fall 11 per cent, but its worst case scenario is a 32 per cent crash. Australia's biggest home lender is warning Australian house prices could tumble by a third if coronavirus leads to a "prolonged downturn" and extended period of high unemployment.

Local businesses have considered raising their prices to make up for all the lost revenue during COVID-19 shutdowns.

The Federal Office is restricting that these figures are a "flash estimate". This is based on "reduced information" compared to those that are included in the regular publication of property price developments on December 28th, due to the "acute interest in the possible effects of the Corona -Crisis on the development of the real estate market "these preliminary results were published.

" Alarming ", calls the spokesman for construction and housing policy of the Green parliamentary group in the Bundestag, Chris Kühn, the" unchecked price increase for residential real estate " Fulfilling the "basic social need" is becoming a problem for more and more people in the country. This "fatal development" also proves the "failed housing policy of the federal government ung ".

Overburdened by housing costs: Germans in fourth place in the international ranking

 Overburdened by housing costs: Germans in fourth place in the international ranking Germany is often referred to as a tenant country par excellence - but not because rents are particularly cheap here: In fact, a new Eurostat survey shows that in 2019 every seventh German is due to Housing costs was overloaded. This number is well above the European average. © Provided by Finanz.net ASIF HASSAN / AFP / Getty Images The "tenant country Germany" is not always as tenant-friendly as the term suggests.

During the second quarter of this year house prices rose in 28 countries and declined in 11 countries, according to the survey. Europe, North America and some parts of Asia have all seen property prices rise . The greatest declines were in the United Arab Emirates (Dubai), Russia and Ukraine.

“Suppress corona , not your voice,” read an advertisement on the front page of one newspaper. Police promised a female officer would handle each case, and police could arrest the perpetrator of any violence. In Greece, officials said they were stepping up a campaign to help women deal with

In Berlin only the prices of condominiums and houses are increasing.

Video: Watzke: Loss "can still increase" (glomex)

For the Berlin market, the expert committee for property values ​​reported a halved monetary turnover compared to the same period last year at the end of the first half of the year for developed and vacant lots in total. In the area of ​​residential and commercial buildings, money turnover had slumped by 34 percent. Experts had brought this into connection with the rent cap, which freezes rents, sets state caps and prohibits higher prices.

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Background: In the case of capped rents, the prospects of an increase in the value of the property are blocked because the price depends on the level of the achievable rent. The expert committee had calculated an eleven percent lower "average purchase price" for residential and commercial buildings. The committee's calculations are based on signed and legally binding sales contracts, so that the figures are considered particularly valid.

Seven percent plus in home prices

According to the Berlin chief appraisers, the prices of condominiums and private homes are still on the rise. Although fewer properties were traded here than in the same period last year, this was at higher prices. The average purchase price for condominiums rose by six percent. In the case of homes, the plus was even seven percent. The average prices of free land for this "individual housing construction" even rose by ten percent.

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Whether news, science or fitness videos: In 2020, most of the video content was directly or indirectly related to the Corona issue. © Provided by www.musikexpress.de The chemist and YouTuberin Mai Thi Nguyen-Kim produced the most successful video of 2020 with “Corona is just starting”. No matter whether news, science or fitness videos: 2020 was turning most of the video content is directly or indirectly related to the Corona issue.

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