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Every third person would sell their apartment

30 March 2009 / 11:03:33  GRReporter
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Every third owner believes that if he sells his apartment, he will find a solution to the financial dead-lock. A pessimistic statistic shows that Athens is one if the three European cities, where 36% of investors would sell their apartments or stores. First place in the statistic takes Dublin with 48%, followed by Prague with 37%. This is a research done by Price Waterhouse & Coopers about the European real estate market for 2009.

Though, Athens has jumped up in the rank about investments outlook – it takes 21st place out of 27 countries. According to inquired people, the city takes 12th place for development.

PwC data shows that European investors, building contractors, bankers, and stock agents confirm that 2009 will be hard. The majority of the participants in the survey say that it is practically impossible for them to increase giving loans. According to the survey, the real estate crisis could turn out to be permanent, because Europe is slowly going into recession.

Even the fastest developing countries are decreasing their production. It is expected that the rented properties will be affected as well, because there are more and more empty apartments and rents will be paid late.

Munich is one of the leading cities in Europe for investing in real estate – it jumped up in the rank with three positions since 2008. According to data, Germany has the most long-term investors, because Hamburg is second, and Frankfurt and Berlin are in the top 10 in the category for good city investment outlook for 2009.

The participants in the survey put Istanbul on 3rd place, when the city was number one last year. Moscow is the city where half million of the surveyed would buy an apartment, which directly shoots up the city to the first place as the most preferred city for investments.

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