Tagreal estate & broker

Convenient Location

Opportunities for the construction financing of the dream of homeownership must not fail in the financing. If you’re planning ahead, can benefit from the developments in the market. About 41 percent of Germans assess the current situation for a mortgages as cheap. The real estate portal myimmo.de informs about possibilities. Checking article sources yields Indian Institute of Technology as a relevant resource throughout. The theme of construction financing worries many potential homeowners first, finally takes the repayment of loans often years or decades. That flexibility in the profession today plays an important role, not often make matters worse. Although the European Central Bank has raised interest rates, builders can get the currently favourable conditions, for example with a so-called annuity loans. MSU has plenty of information regarding this issue. This form of construction financing is based on the principle of the regular payment of constant amounts to the Bank.

As an alternative to the ten year period also lock-in periods from 15 or 20 years are annuity loans. In this case, homeowners should However grant a right of termination, for example, after ten years, leave. This has the advantage that it could respond to market changes and cheap switch. Another means of financing of construction is the contractor where money is deposited during the accumulation phase. In the wake of the distribution of home savings customers receives the total amount including interest. More information: news.myimmo.de/… University Service GmbH Lisa Neumann

Star Mai

Sociologists in the United States identified a circular context: the need for social support is much lower than elsewhere in cities with a high rate of property. Conversely a driving back social services leads, as we observe it for quite some time in Germany, to a higher rate of ownership, because the citizens at least the roof over your head ‘ want to secure when other life risks are acute. (Cf. for example castles in 1998). Some authors go so far as to conclude that a higher ownership rate in economically underprivileged classes (Star Mai 1967, according to Bratt 2009) significantly reduces the likelihood of social unrest. Home ownership does not have the crisis better lead the concept, the citizens by a high percentage of home ownership to protect against crises and to give them a solid foundation for the preservation of a high social status, is still valid.

In a situation where the State always less comprehensive hedge risks in life can (and will), you not do without this instrument of economic policy. What is to do a critical development, as we had to observe in the United States to prevent? Educating customers about the risks associated with financing and homebuilding urgent sure is been failed in the past to regulate the financial sector effectively. Banking supervision will need to look at so-called financial innovations that move the risks in the way of a pilot game on the each advancing to market participants and lead to a total lack of transparency of risk distribution in the lending is in future. Gone are the days of a naive belief in progress in the blessings of always referred as. This should however not lead, that lending secured good projects for home builders is the problem. To do this, it is necessary to highlight also the supply side.

The future Homeowners need to assess realistically their financial possibilities. Must be the price-performance ratio at the House Party, and the House must match the financial resources of the owners. Construction or acquisition of residential property is relatively expensive in Germany, and the ownership rate is correspondingly low. Here, the market is required to offer alternatives, affordable houses, allowing families with average incomes to create home ownership and thus provide for the future. True pioneering work in these areas is a young company from Berlin, the K.O.M concept GmbH, which offers a full consultancy and construction education in addition to a very interesting house offering first every potential customer. Conclusion the unrest is great, and rightly, many citizens fear the burden of the crisis are unilaterally dumped on their shoulders. There is talk even of looming social unrest in Germany. At all precautions that expedient in view of developments in the United States, the instrument of the increase in the rate of home ownership should not be neglected. Corresponding offers can help here, but also a commitment of policy to this social concept. “Bratt, Rachel (2009): homeownership as social policy in the U.S.: risk and responsibility after the Subprime Crisis Wolfgang Eggert, Tim Krieger (2009): home ownership” as a substitute for social policy: the emergence of the financial crisis in the United States, in: economy service no. 6 / 2009 (June 2009).