Posted Mon May 18 15:41:00 UTC 2009

Well, we still can’t read the crystal ball and so we won’t be able to predict when these turbulent times will finally be over, but there are more and more positive signs out there, showing at least the light at the end of the tunnel and some markets nearing the bottom.

Wall Street Journal recently reported the number of homes listed for sale in many U.S. cities continued to fall in April. Short sales and foreclosures has been, but more likely continue to be, the most influential indicators affecting the inventory what makes this picture a bit more clouded by uncertainty over how many foreclosed properties will hit the market. But, a decline of listings might show that the bottom in home prices is very close, maybe closer than you think.

In UK, a very bad hit market within Europe, signs are also showing an improving real estate market. Interest on properties is growing like figures of RICS (Royal Institution of Chartered Surveyors) are showing. Listing inquiries increased in April and agents sold one more home in average between February and April than they did in the three month before. Also the decrease in prices seems to level, getting closer to the bottom according to the statements by 59.6% of real estate professionals in contrast to 72.1% in March. Not to mention the declension of the British Pound what makes it very interesting right now to look for property investments in UK.

Good news also coming from our Partner Diana Morales in Spain, maybe the most troubled market in Europe. The company reports that they are finally starting to see sales materialize as property prices reach their lowest point and buyers realize the great possibility to purchase a good property at very good price – maybe the lowest price the property will be at in this current market.

Over the past weeks, we have also seen some good news from stock markets around the globe where most of the indexes increased from their lowest standings few weeks ago. This might not be the final call for the end of the recession and I am sure there is still bad news underway, but with all the effort by each single country and an increase in trust in most of the sectors responsible for all that trouble we will continue to see more and more positive signs for recovering markets. It’s on us to gain trust again and to educate our customers about current market situations as well as opportunities and where they might look for property investments right now. Please tell us your thoughts or just drop an email with your request. We are more than happy to hear what you have to say.

Posted By: Peter Rabitz