Euro area annual inflation is expected to be -0.6% in January 2015, down from -0.2% in December 20143, according to a flash estimate4 from Eurostat, the statistical office of the European Union. This negative rate for euro area annual inflation in January is driven by the fall in energy prices (-8.9%, compared with -6.3% in December). Prices are also expected to fall for food, alcohol & tobacco (-0.1%, compared with 0.0% in December) and non-energy industrial goods (-0.1%, compared with 0.0% in December). Only prices for services are expected to increase (1.0%, compared with 1.2% in December). See full report of EUROSTAT: http://ec.europa.eu/eurostat/documents/2995521/6581740/2-30012015-BP-EN.pdf/d776fbcc-89b2-4bae-beb0-ad30fa709244Прочети
The Irish members Association in CEI, IPAV, has published its latest issue of the Irish Property Professional Magazine. Its the winter edition 2011/2012. Fintan McNamara, Chief Executive of IPAV said in his note: "However, the year did end on a positive note with a Budget which is at least a step in the right direction in helping to create some incentives for the property industry. IPAV can be proud for the part it played in lobbying against proposals contained in the last Budget to remove section 23 and other reliefs, a move that would have created even further financial difficulties for many hard-pressed property owners and investors.
Mortgage interest reliefThe increase in mortgage interest relief for both first and non-first time buyers in 2012 should help to kick-start the housing market to some extent as should the Capital Gains incentive for those who invest in the market before the end of 2013. But all the Budget incentives will come to nought if the main stumbling block to the property industry is not removed, namely the non-availability of credit from the financial institutions. Unless the Government forces to banks to rethink their strategy and provide finance on reasonable terms to good quality customers the industry will continue to stagnate.
Successful YearDespite the current recession, the Institute itself had a very successful year when a large percentage of members attended a wide range of courses and seminars from which they will profit when the market finally recovers, as it will." The issue cn be downloaded on the website of IPAV. Follow this link: http://www.ipav.ie/Documents/Industry/Magazines/PP_Winter_11.pdf
The National Association of Estate Agents (NAEA) has revealed its predictions for the UK property market over the next 12 months. NAEA chief executive Peter Bolton King said 2012 will see a 'gradual' recovery for the UK property market, as it continues to bounce along the bottom - with no "great upturn" to mark a change from the previous 12 months.
Similar level than in 2011Mr Bolton King said: "I don't believe that we will see a significant fall in house prices over the next 12 months as some have feared. But equally, it is unlikely we will see any great upturn to help the market back to full capacity. It is likely that property transactions will remain at a similar level to that in 2011." However, a lack of available finance will remain the biggest barrier to would-be home buyers in 2012 warns Mr Bolton King, with first time buyers in particular struggling to access mortgage finance from many major lenders.
Stamp duty holiday until third quarter 2012He said: "Next year will see a continued lending barrier facing those entering the housing market for the first time, with major lenders sticking to tight mortgage policies. Clearly, when the Stamp Duty holiday disappears in the second quarter of 2012 it will become even more difficult for first time buyers to access the market." Commenting on regional variations, he said: "What we will see in 2012 is a continued increase in 'micro-markets' across the country. Demand for property in some areas fuels a healthy market while other, less desirable areas, are in danger of being left behind. Even within the same town we see some types of property proving more popular than others. "Pressure for housing will increase in London and the South East throughout 2012. The top end of this market will also remain very resilient, and we believe that purchases from overseas investors will continue apace."
Housing prices with little changeOverall Mr Bolton King believes that house prices, on average, will see little change. "Confidence in 2012 will be a key factor and this, to some extent, will be driven by the media." Source: website of NAEA, England: http://www.naea.co.uk Прочети
The Portuguese members Association in CEI, APEMIP, has published real estate contracts on its website http://www.apemip.pt. On the website the activities of a real estate agent are defined as follows: "The real estate brokerage is a legally regulated activity, defined as "one in which, by a contract, a company agrees to make every effort to get interested in doing business aimed at the establishment or acquisition of interests in real estate, exchange, the conveyance or lease of the property or the assignment of position in contracts which relate to a immovable property”. The published real estate contracts are according to Decree-Law Nr. 211/2004 of 20. August 2004. The contracts can be used as samples for a correct and legally proven contract between a real estate agent and a customer. The contracts are available both in english and in portuguese. See website of Portuguese Association APEMIP: http://www.apemip.pt/MediaçãoImobilária/ContratosdeMediação/tabid/224/language/en-GB/Default.aspx The buying and selling guide is also available on the website. That bguide has been published in portuguese. http://www.apemip.pt/MediaçãoImobilária/ContratosdeMediação/tabid/224/language/en-GB/Default.aspxПрочети
In CEI, we have 14 national associations from 14 countries. The importance of the regulation of professions in the real estate industry is necessary because Europe does not consist of 27 or more single countries but of one huge real estate market. Clients from different countries need to know what they can expect from a real estate professional in another country. If the client does not know what to expect he will not rely on the services of a service provider in a foreign country. One Market The Single Market Act of the EU Commission again shows us that the single market is the main goal of the EU. The single market can become true when we have a free movement of people, of goods and of services. When people move they are looking for a place to live. Especially when you are a foreigner you will go to a real estate agent. It is the basic understanding of an European real estate association to set a framework of rules for ist members and for the clients of these members. So a code of ethics and a code of conduct are the essentials of that framework. Code of Practise in CEI The code of practise sets rules for the members of CEI. There are general rules, rules for the relationship with clients and for the relationship with colleagues. The Code of practise wants explicitly to set a fair competition and to give rights for consumers in the relationship with real estate agents. Standard EN 15733 in 31 countries The Standard EN 15733 was a huge effort for real estate agents in Europe. The standard is valid in 31 countries in Europe. These are more countries than the EU has member states. In these 31 countries there are more than 60 national associations of real estate professions. Some of them are not members of our associations. EN 15733 is the essential of business rules in Europe What we did is, that we looked on the professional rules and legislation in each of these 31 countries. We wanted to know how a real estate agent in a certain situation acts in Spain, in Latvia, In Hungary, in Portugal or in England. The EN 15733 is the essential of that survey. The EN 15733 covers the services of real estate agents and the duties in the relationship between real estate agents and clients. Expectations from clients The main goal was to define what a client can expect from the real estate agent when he signs a contract with the agent. What kind of information has to be given to the client. And from the point of view of the client. What kind of information can the client expect to be given from the real estate agent. Example for the rule of EN 15733 Imagine you are from Finland and want to buy a holiday property at the black sea coast of Bulgaria. What kind of information do you get from the real estate agent? What can you ask for? You have a written brochure from the real estate agents association in Finland and you ask at first if the real estate agent is working under the EN 15733. If he denies you are looking for another real estate agent. After finding the real estate agent who is working under the EN 15733 you make a contract with that agent and then you go through the list of information that has to be delivered from that agent. Imagine you are an real estate agent in Bulgaria, selling apartments at the black sea coast. Which position as a real estate agent would you like to be in? What are the next steps? After the EN has been published in all 31 countries in Europe we have to define the next steps. The norm has to be adopted by consumers. Therefore the members associations in CEI are promoting the norm on a national basis. We need to educate our members in the members countries of CEI that they are able to work under the EN 15733. It is of greatest importance the consumers as well as real estate agents are referring to the standard as a common rule in the real estate market. In some countries such as Germany and Austria real estate agents are certified on a national level under the standard. CEI will discus which impact the certification has for the real estate agents offices. The certification is the expertise that a real estate agent can show to the public. And the certification body is an independent body that controls if the real estate agent is working constantly under the regulation of the standard. If he does not provide his service under the standard then the certification body will not extend the certification for the next period. Summary To give it in short word: The Standard is the essential framework for the service of real estate agents in Europe. CEI recommends all real estate agents in Europe to work under the standard, to make it the most common rule for real estate agents in Europe and to show their expertise by becoming certified under the standard, first on a national basis.Прочети
Berlin as the location for the signing of the agreement between CEI and CEPI to form a common platform for real estate professions in Europe was the right choice. Europe is growing together and Berlin symbolizes the interface between East and West. Moreover Berlin has a fantastic mix of old buildings, history, museums, tradition and modern properties and a modern architecture. The combination of tradition and modernity should be the model for what the European associations CEPI and CEI started with the new platform. While preserving the tradition of both associations the development of something new, a new association with new basic conditions for real estate professions in Europe, has begun. “With that platform and later on the new association we want to reinforce the political representation of interests of our professions. We have to reach a higher importance in political decisions in Brussels for all real estate agents and managers.” The first joint project is of high importance. The Professional Card. Not less important Mr. Negrao mentioned the standardization and stabilization of “basic conditions as rules for our professions in whole Europe”. In the associations CEI and CEPI are about 175.000 real estate agents and managers organized. “We are the major representation of interests of real estate professions in Europe. As association we have the function to define basic conditions when the legislator does not. I have in mind a unified Code of Ethics, rules for insurances of real estate agents and managers and a consistent complaints management in our member companies.”Прочети