06 avril 2008
Immobilier : la fête est finie |
source: Le Monde
S'il n'y a pas, officiellement, péril en la demeure, l'inquiétude se perçoit chez les professionnels. Le taux de désistement d'acheteurs qui ne confirment pas leur réservation atteint, en ce début d'année, facilement 30 %. A Reims, un grand promoteur a dû annuler un programme. A Lyon, dans le périmètre de Confluence, sur la presqu'île, les ventes dans les immeubles haut de gamme, commercialisés à plus de 4 000 euros, se font au compte-gouttes.
Certaines villes, comme Toulouse ou Limoges, connaissent presque une surproduction de logements neufs.
Bankruptcy filings jump 30%
source: Los Angeles Times
An increase in March bankruptcy filings is another indication that the
U.S. economy is in recession, led by states where the housing boom
turned to bust.
Tailing California's 42% rate, Florida had a 35% increase in bankruptcy filings at an annual pace in the first quarter and Nevada saw a 32% rise, according to Oklahoma City-based Jupiter's Automated Access to Court Electronic Records service.
More than 50 pct chance of US recession-Greenspan
source: Guardian
We would have to see signs of this intensification: there are some, but not many yet," he said. "Therefore ... I would not describe the situation we are in as a recession, although the chances that we'll have one are more than 50 percent."
Immobilier la crise ?
Une du Parisien du 25 mars 2008 (Merci Nono)
Will the credit crisis leave Ireland's economy all washed up?
source: The Telegraph
That's not a disaster. After a decade of partying, the Irish economy is
being hit with a pretty hefty hangover. For one thing, house prices
fell by 9 per cent during the year to February. I
Spain services plunge as property collapse spreads
source: Reuters
MADRID, April 3 (Reuters) - A plunge in consumer confidence and services sector activity shows the collapse in the property market is fast infecting the wider Spanish economy.
"In Spain it seems to be an all-round malaise," said NTC chief economist Chris Williamson. "It was a dreadful survey."
"Spain is a real disaster," said Marco Valli at Unicredit MIB.
Foreign banks flee Spanish property debt
source: The Telegraph
International banks are scrambling to sell their holdings of Spanish
mortgage debt at a steep discount, fearing that the country may be
sliding into the worst economic downturn in its modern history.
Large French and German funds and insurers appear to be liqudiating
assets in a pre-emptive move, afraid being caught yet again in a
violent downturn
All kinds of ploys have been used to disguise the true extent of the price falls, which we think are 5pc to 7pc already.
Bear market rallies only delay day of reckoning
source: The Telegraph
The Federal Reserve's actions have averted financial Armageddon, but
they cannot avert an earnings recession. We don't expect a new bull
market until early 2009," he said.
The pessimists at Société Générale remain sceptical, even though the
Fed has gone nuclear. "We expect global equity prices to fall by up to
75pc from their peaks as a deep global economic downturn unfolds over
the next few years," said Albert Edwards, their global strategist. He
fears a 50pc collapse in earnings, compounded by an "Ice Age derating
of equities".
(Nouvelle-Zélande) House prices tipped to fall
source: Nelsonmail.co.nz
National median house prices have fallen $15,000, or about 5 percent, in three months, while fixed-term mortgage interest rates have risen to almost 10 percent.
A BNZ report said the decline in national house prices would continue, possibly falling by more than 10 percent, and that prices were overvalued by about 30 percent.
How first-time buyers' dreams are shattered
source: The Guardian
With boom turning to bust and cheap mortgage deals disappearing, it is those at the bottom of the housing ladder who may be worst hit; many will struggle just to keep up with repayment