The worst is past, or should we really expect a crisis even more black? Impossible not to ask ourselves in front of the news these days that run on the real estate market.
ISTAT data last week and the survey on the housing market published by Bank of Italy in recent days, for Italy shows encouraging signs of recovery, Trading and loan growth in the first quarter of 2010 and a slowdown of the depreciation of prices in the second quarter.
A cautious optimism, however, collides with more and more insistent voices coming from the U.S. media, from Time to The New York Times, that house prices are set to fall and remain so low as to render meaningless the investment in bricks and mortar United States. A pessimism that could reach Europe.
RE / MAX Italy is part of this virtual diatribe reassuring news for Italian investors, thus meeting, among others, the warning appeared in the columns of the Time on September 6 last year: "There is no time to buy a house."
"There are significant differences between the U.S. housing market and Italian: the first is influenced by the great amount of maturity and a further increase in mortgage foreclosures, which inflazionerà the supply of property, price falls, while - Dario says Castiglia, president of RE / MAX Italy - Italian situation is very different, where the influences come from factors such as higher employment levels. "
"The domestic market is experiencing at this time a sort of 'technical rebound' down - says Castile - which means that for some time will see a down trend. As pointed out by Istat for the year the trend is a slight increase in sales that - provides RE / MAX - will settle the year-end levels substantially stable compared to 2009, while attending a rise in prices will take more time than that estimated for Trading. "
Obviously the economic recovery in Italy - and therefore the trend in employment levels - can not be separated totally from the situation overseas, as well as the fact that in Europe the recovery is struggling to take off, it helps to maintain a situation of uncertainty for the market.
"During the 1995 crisis - remember Castile - despite the darkest weather, the market did not suffer il tanto temuto crollo, ma sfociò invece nel boom degli anni 2000.
Siamo quindi pronti a scommettere che anche in questo caso il mercato si riprenderà, e che, almeno in Italia, dove l'investimento immobiliare è fortemente radicato nella cultura nazionale e da sempre caposaldo del risparmio famigliare, il mattone continuerà ad essere un buon investimento, destinato a rivalutarsi nel tempo».
Il pensiero espresso da RE/MAX risulta oggi essere condiviso anche oltreoceano, dove diversi opinion leader del settore immobiliare stanno smentendo la visione pessimistica espressa anche dal New York Times, con una più positiva legata alla lenta ma prossima ripresa del mercato come sostiene nella sua replica Brett Arends su sito del WSJ dal titolo “10 reasons to buy a Home”.
(fonte NewsPages Real Estate)
