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Author: SpainHouses.net

Published on Leave a comment on Spanish Luxury Property Market Resilient

Luxury properties are hot and running in Spain

"The lack of property finance available and changes to mortgage taxation have led to an overall slowdown in Spanish property sales in the first half of 2011 but the luxury property market has shown more resilience than other sectors of the market, a new report suggests.

International buyers are acquiring luxury properties in Barcelona, the Costa Brava and Ibiza without mortgage financing, according to an analysis of the Spanish luxury real estate markets by Lucas Fox International.

Its report on the first two quarters of 2011 also shows that there is a growth in property investment in Spain from Russian, Dutch, and Swiss buyers and investors. And tourism growth in Barcelona, the Costa Brava and Ibiza in 2011 has had a positive effect on demand for short term rental properties."

propertywire.com

Published on Leave a comment on Warning of Housing Crisis

Housing Crisis will get worse in United Kingdom 

UK .- "The National Housing Federation (NHF) has warned that a chronic under supply of homes is plunging the house market in to crisis. A study by the National Housing Federation (NHF) predicts that home ownership in England alone will fall from 67 per cent to 63.8 per cent over the next decade.

Oxford economics commissioned research recently that showed home ownership has been steadily falling for the last 10 years and this could decline further from its current rate. This forecast is based on assumptions that affordability will worsen as employment and wages fall and house prices rise over the next 5 year."

mortgagerates.org.uk

Published on Leave a comment on How European Crisis Might Play Out And The Impending Recession

Excellent article examines German and European Crisis

"The problem here is simple and everyone knows the story by now. Germany benefited from a weak Euro relative to what it otherwise would have experienced had it not been a part of the EU.

Their growth and exports skyrocketed and the lesser nations from an economic and financial standpoint (often referred to collectively as the PIIGS) borrowed from Germany essentially to finance current account deficits as they took advantage of much lower interest rates due to their affiliation with Germany via the Euro.

These PIIGS lived up to their name in eating up every source of financing they could."

Its conclusion:

"You cannot borrow more than you can pay back and if you do, you will pay for it eventually either via war, severe or hyperinflation, deflation, depression etc.

The market won’t disappear and we will get back to the “good times” eventually. However, the 90s were an aberration where everyone made money like in the roaring twenties, and we all know what happened there.

We have a solid 5-10 years of pain before we can get our house in order and get back to a “normal” economy, if there is such a thing".

seekingalpha.com

Published on Leave a comment on Concrete and White

Decorate your entrance hall with a parisian style 

5 sept deco paris - Concrete and White

Vosges Paris. A story in concrete and white.

One of those blogs with style. Its black and white images remind us to the Europe of the 20's. This one in particular: chic wardrobe with unique lighting.

Published on Leave a comment on Like it Pure and Simple
A rural resort in Andalucia, Spain

2 Sept Andalucia - Like it Pure and Simple

Andalucía: land of the whitest white and the purest simplicity. Here's a rural resort in Vejer de la Frontera.

“I’m very proud of it. It’s our house, but it’s quite special because it’s one of the few houses in the town which has retained the really traditional style.” - Christina.

2 sept jardín - Like it Pure and Simple

Welcome Beyond

Published on Leave a comment on US Set to Sue a Dozen Big Banks Over Mortgages

Federal Housing Finance suits are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank

"The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage securities they assembled and sold at the height of the housing bubble, and seeking billions of dollars in compensation.

The Federal Housing Finance Agency suits, which are expected to be filed in the coming days in federal court, are aimed at Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, among others, according to three individuals briefed on the matter.

The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims".

nytimes.com

Published on Leave a comment on Wealthy Londoners Expand Homes Underground

Seeking Space, Well-to-Do Londoners Dig Deep

"To compensate for the lack of natural light around his new basement swimming pool, one London homeowner installed an outdoor camera that projects real-time images of the changing sky onto the pool ceiling. To assuage the concerns of swimmers who hate cramped spaces, another resident dug down so far beneath the earth that his pool is 16 feet deep and has a high-diving board.

Britain is not immune from the housing slump, and London is still reeling from last month’s riots. But never mind. In a city that has some of the richest people and most expensive real estate in the world, well-off homeowners who have exhausted the traditional methods of home expansion — build up, or build out — are enthusiastically branching out the only other way possible: down."

nytimes.com

Published on Leave a comment on Decorate chic: Paris vs New York

Iconographies to decorate your walls 

1 septiembre Paris vq New York - Decorate chic: Paris vs New York

Bagel or baguette? J.F.K. or C.D.G.? Pigeons or rats? These abiding questions are the central conceit of Paris Versus New York: A Tally of Two Cities, the Web site by the Parisian graphic designer Vahram Muratyan.

A metropolitan touch to your city apartment.

parisvsnyc.blogspot.com

Published on Leave a comment on A Norwegian Home

Decorate your home in a Norwegian style

31 agosto Norwegian House - A Norwegian Home

"Everything you would expect a stylish Norwegian home to be. White, bright with views to die for. Imagine wasting time lying on the deck just watching the sail boats glide by..."

Key element: glass walls. Let your house breath.

desiretoinspire.net