Should I buy now or wait to see if prices down?
Regardless of personal considerations and types of housing, if we look at the source of the demand for classifying the housing market, we would have a classification similar to this:
1. VPO (First housing and low incomes)
2. Housing middle (middle class and replacement housing)
3. Luxury Housing (Demand with high purchasing power)
4. Second Residence (Housing for holidays, weekends, etc.)
Means replacement housing, housing that is purchased after the first purchase and be assigned as a residence.

VPO
There is a large unmet demand for the market right now can not attend due to lack of soil which could be used to subsidized housing. In coming years we will increase the supply of such housing and surely there will be more and better opportunities to buy a house this tipe.

Media House
Is the house that was built more in big cities and that at this moment seems to be more stop. It’s probably the type of housing that has more competition due to existing housing stock and finished product is the greatest risk due to adjustment in the price. These adjustments may come for developers who need to sell, citing the possibility of being unable to cope with the financial burden or to investors who are approaching the time of writing and could not resell or housing. Both are interesting if the buyer has found a home you offer and subsequently be very difficult to get a better price for the property. In another situation I would wait until the first quarter of 2008 to see how the situation develops.

Luxury Property
It is a product with very few ups and downs, usually maintain a more stable sales pace than other homes.
The buyer of this property type serves much less than the rest of the market situation and this is as good a time as any.

Second Residence
It is a home from which we can neglect and due to the “psychosis” caused by the media, compared to prick the housing bubble would ensure that the four is the most stagnant. Price adjustments, also come for the two ways discussed above, should meet to buy one of those cases. Otherwise I would wait until the next Easter, where surely we can find good opportunities in both new construction and second hand .

But obviously buying a home outside of Europe is not like buying the second hand shop around the city. There are many benefits to be gained, but also the risks. The first thing is to have good advice, which is able to tell us where and when to invest, and especially when to leave. This could not have proliferated in recent years several companies specializing in property investment abroad, as Property Secrets. Perhaps the most critical decision is knowing where to invest. It is important to conduct thorough research on the reality of the country where the host country, its political and economic situation, and not stay with what the pamphlet says turn. One should also take into account the currency that is handled in the country. Indeed it is much easier if you move within the euro zone, since your concerns will not have to add the possible depreciation of the currency.

Furthermore, it is always convenient escape from the tourist areas, and find those where the most important driver is the domestic market. In this way it will be easier to sell the apartment at the time that we consider it appropriate, and not subject to seasonal variations or trends.

The Commercial Real Estate: The Second U.S. Home Crisis?
The Federal Reserve and the Treasury Department United States struggle to prevent the commercial real estate dealt a devastating blow to the economy of that country at the moment trying to get off the canvas. Their efforts, however, could be hampered by a rise in foreclosures of commercial properties with mortgages that were packaged and sold by Wall Street as debt instruments. Now the recession is testing commercial mortgage-backed securities in the order of U.S. $700,000 million.

The commercial real estate sector experienced two kinds of pain that, according to credit rating agency Realpoint LLC, its delinquency rate rose to 3.14% in July, six times the level in July last year. A problem arises simply from the lack of stricter standards. In the era of easy money, Wall Street to lend money to homeowners with the implicit belief that occupancy rates and rents of office buildings, hotels, businesses and other commercial properties continue to rise. The result is that an increasing number of properties are not generating sufficient cash to pay principal or interest on loans.

The second problem that plagues the industry comes from the inability of owners to refinance commercial real estate securities backed by mortgages. It is estimated that by the end of 2012 loans expire about U.S. $ 153,000 million. Deutsche Bank analysts estimate that about U.S. $ 100.00 million will be difficult to refinance. Although these properties have sufficient cash flow to pay interest and principal, their values have fallen so much that owners may not extend or replace existing mortgages with new debt. That means there will be losses not only for owners, but for investors who bought these mortgage-backed securities business, including hedge funds, pension funds and other institutional investors. That would exacerbate the recession that crosses U.S.

A typical commercial mortgage backed securities mortgage contains a diverse group of properties, often less than 100, with loans ranging from $ 2 million to over U.S. $ 100 million. A company, usually a large bank like Wachovia and Wells Fargo charge of collecting monthly payments from borrowers and give them the money from institutional investors who buy securities. A significant increase in commercial property foreclosures could further depress values most active since the market would come at clearance prices. This would exert pressure for banks to make write-offs of these loans. What is happening in the market for commercial mortgage-backed securities is a prelude to what may happen in the books of banks.