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-ad30fa709244Citeste despre
"One Voice for Real Estate in Europe Politics and Business"Successful European Real Estate Congress in Berlin More than 800 real estate agents and managers visited the European Real Estate Congress 2011 in Berlin. Among them were a lot of CEI members from different countries. "In Berlin more than 20 European countries were represented. We had good discussions and we used the chance to make a lot of new business contacts", said Manuel Negrao, President of CEI after the Berlin Congress. Manuel Negrao: "From the CEI members countries we had representatives from Ireland, England, The Netherlands, France, Portugal, Italy, Romania, Bulgaria and Germany. It's been a huge meeting of real estate agents and we had a lot to discus."
- Real Estate markets
Economic Outlook: In Europe, GDP increased during the first quarter of 2011, compared with the same quarter of the previous year, seasonally adjusted by 2.5% in both the euro area and the EU27. Positive economic fundamentals, like GDP, have a positive impact on real estate prices. A positive GDP has a positive effect on household incomes and higher incomes can lead to higher housing prices. Nevertheless, there are still big differences in GDP growth since the financial crisis 2008/2009. Especially the European credit crisis has forced different economic recoveries within Europe. Compared with the same quarter of the previous year, GDP increased in Germany by 4.8 %. The French economy grew by 2.2 %. The annual growth rate in the Netherlands was 3.2%. In Austrian increased the economy by 4.0 %. Real Estate Markets: The average price of an apartment differs a lot in Europe. Paris, Milan and London are on the top. In Paris, a 2-Bed-Room Apartment costs more than 500.000 Euros. A potential buyer of an apartment with the same quality (usable area) has to pay 450.000 Euros in Milan and 440.00 Euros in London. In Dublin a 2-Bed-Room-Apartment costs approximately 380.000 Euros and in Rome and Munich about 280.000 Euros. In Vienna, the Austrian capital, an investor has to pay 150.000 Euros in average for an apartment. Prices in Salzburg, Graz and Innsbruck are a bit below this. In average, an apartment in Salzburg and Innsbruck costs 140.000 Euros. In Athens, there are still luxury apartments which cost 9.000 Euros per sq.mt. On the other side, normal apartment prices ranges there from 800 to 3.000 Euros. A square meter in Sofia ranges from 500 to 2300 Euros. That means in average an apartment costs around 66.000 Euros. If you are going from Sofia to the North, you end up in Romania. Apartments in Romania’s capital cost approximately 80.000 Euros. Prices in Bratislava, especially in Slovakia’s capital, are higher (143.500 Euros). Apartment prices in Lisbon range from 126.000 to 274.000 Euros (Average: 185.000 Euros)Citeste despre
Important notice: From February 2011 onwards, business surveys are presented exclusively in accordance with the NACE rev. 2 classification. In previous months, a combination of NACE rev. 1 and rev. 2 has been used. The Business Climate Indicator (BCI) for the euro area fell in April 2011 for the second month in a row. Despite this, the current level of the indicator remains close to historic peaks, suggesting that the recovery in industry will continue in the coming months. The drop in the BCI reflects worsening assessments of production trends observed in recent months, and of production expectations, which declined sharply. Appraisal of stocks rebounded slightly from historic lows. These negative developments were not offset by the slight improvement in managers' assessment of overall order books and export order books. The BCI is based on a factor analysis of the euro area aggregate balances (seasonally adjusted) of five of the monthly questions in the industry survey (only employment and selling-price expectations are excluded). Full details of the Business Climate Indicator are available on the Europa website: http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm The next BCI Results are due to be published on 27 May 2011.Citeste despre
European Real Estate Congress
"One Voice for Real Estate in Europe Politics and Business"
The new Real Estate Professionals Forum - Stronger Voice for Real Estate Professions (more...)Citeste despre
CEI President, Manuel Negrão, joined ARK (Czech Republic Real Estate Association) at the 20 years birthday congress, on March 30th, 2011. Manuel Negrão had the opportunity to speak about the European real estate activity and how to stimulate the housing sector. As CEI President he strongly supported the development and introduction of the EN 15733, emphasizing the importance of common standards in Europe. "Fair rules of competition for all real estate agents in Europe are one of the main goals of the work of CEI. The EN 15733 standard which is the European standard with which property companies in member states must comply in order to ensure the security of consumers responds to that exact requirement, regulating a market that is based on the natural desire people have to own the home they live in.
This regulation which functions as a sort of lowest common denominator for quality in the services provided by professionals working in the real estate industry will make a positive difference and will help to promote those companies working in accordance with the values of freedom, the market economy and respect for citizens and consumers, as well as the very idea of the European Union itself", he said in his speech in the ARK conference in Prague.Citeste despre