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Europe: 10 180 000 sq Km² of Real (Estate) Opportunities. Europe: Two Real Estate professions associations CEI and CEPI. Europe: App. 300.000 Real Estate Agents 28 countries in CEI and CEPI 51 national associations
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Europe: 10 180 000 sq Km² of Real (Estate) Opportunities
Europe: Two Real Estate professions associations CEI and CEPI
Europe: App. 300.000 Real Estate Agents 28 countries in CEI and CEPI 51 national associations Look out for members associations and their members when making business in Europe
Europe: Rules for real estate professionals by associations Code of Ethics Code of Conduct New Standard for real estate agents services EN 15733
Europeanmarkets have developed very differently during the financial and economiccrisis. Some countries are doing well and seeincreasingdemand and increasingprices. Other countries are suffering from the downturn and startrecovering. However it is notable that there remain structural differences between the markets. Europe remains a continent with regionalvariations and differenceswithin national borders. Europe: 10 180 000 sq Km² of Real (Estate) Opportunities
In the years 1997 to 2007 prices more than doubled in 11 of the EU 15 member states, In Greece and France prices almost trebled. In Finland prices increased by 86%. For prices in eight of these countries the rate of increase was greater in the second half of the period whilst However in Germany prices were at least stable, in Austria they rose by 4% between 2002 and 2007, and in Portugal 9%.
Home ownership is a major component of wealth in Europe. Almost 70% of Europeans own their homes with a wide variation: - just over 40% in Germany 60% in France 70% in Belgium nearly 90% in Hungary, Slovakia and Lithuania, with the value of the primary residence representing more than 60% of household wealth in countries such as Finland, Germany, Italy Sweden and the UK.
AUSTRIA Capital: Vienna Area: 83 858 sq Km² Population: 8 356 707 Official Language: German Currency: € (Euro)
AUSTRIA Villas €/sq meter Apartments €/sq meter Source: OVI | APEMIP | IVD
AUSTRIA Mortgage Loan Rate 3,8% - 4% Offices’ Rents €/sq meter/month LTV – Loan to Value Covered 60% Inflation Rate 1,5% % of Main-Home Ownership 50% Source: OVI | APEMIP | IVD
AUSTRIA The Professional Dynamics The Market Dynamics n/a 5 700 n/a 84 000 n/a n/a n/a n/a 55% n/a n/a 30 000 n/a 6% Yes Yes n/a Yes Source: OVI | APEMIP | IVD
BULGARIA Capital: Sofia Area: 110 910 sq Km² Population: 7 928 901 Official Language: Bulgarian Currency: Bulgarian Lev
BULGARIA Villas €/sq meter Apartments €/sq meter Source: NREA | APEMIP | IVD
BULGARIA Offices’ Rents €/sq meter/month Mortgage Loan Rate 8,37% - 14,98% LTV – Loan to Value Covered 50% - 80% Inflation Rate 2,4% % of Main-Home Ownership 96,7% Source: NREA | APEMIP | IVD
BULGARIA The Professional Dynamics The Market Dynamics n/a 6 000 n/a 390 000 n/a n/a n/a n/a 35% n/a n/a 22 058 n/a 3% Yes Yes No No Source: NREA | APEMIP | IVD
FRANCE Capital: Paris Area: 543 965 sq Km² Population: 65 447 374 Official Language: French Currency: € (Euro)
FRANCE Villas Market Value Apartments €/sq meter Source: UNIS | APEMIP | IVD
FRANCE Offices’ Rents €/sq meter/Year Mortgage Loan Rate 3,35% - 3,55% LTV – Loan to Value Covered 110% Inflation Rate 1,7% % of Main-Home Ownership 58% Source: UNIS | APEMIP | IVD
FRANCE The Professional Dynamics The Market Dynamics n/a 29 500 n/a 706 000 n/a n/a n/a n/a 55% - 60% n/a n/a 332 000 n/a 5,7% Yes Yes n/a Yes Source: UNIS | APEMIP | IVD
GERMANY Capital: Berlin Area: 357 050 sq Km² Population: 81 757 600 Official Language: German Currency: € (Euro)
Germany Villas €/sq meter Apartments €/sq meter Source: IVD | APEMIP
GERMANY Offices’ Rents €/sq meter Mortgage Loan Rate 4,07% - 6,7% LTV – Loan to Value Covered 60% - 70% Inflation Rate 1,2% % of Main-Home Ownership 41,6% Source: IVD | APEMIP
GERMANY The Professional Dynamics The Market Dynamics n/a 12 000 595.000 480 000 n/a n/a 194.000 195.000 50% - 85% 50 – 85 % 151.000 136 518 6% 6% Yes Yes Yes Yes Source: IVD | APEMIP
GREECE Capital: Athens Area: 131 990 sq Km² Population: 11 306 183 Official Language: Greek Currency: € (Euro)
Greece Apartments €/sq meter Villas €/sq meter Source: HAR | APEMIP | IVD
GREECE Offices’ Rents €/sq meter Mortgage Loan Rate 3,6% - 4,8% LTV – Loan to Value Covered 70% Inflation Rate 4,6% % of Main-Home Ownership 83% Source: HAR | APEMIP | IVD
GREECE The Professional Dynamics The Market Dynamics n/a 8 000 n/a 173 000 n/a n/a n/a n/a 17% n/a n/a 65 000 n/a 4% n/a n/a n/a n/a Source: HAR | APEMIP | IVD
IRELAND Capital: Dublin Area: 84 421 sq Km² Population: 6 197 100 Official Language: English Currency: € (Euro)
IRELAND Apartments €/sq meter Villas €/sq meter Source: IPAV | APEMIP | IVD
IRELAND Offices’ Rents €/sq meter/month Mortgage Loan Rate 2% - 3% LTV – Loan to Value Covered 92% Inflation Rate - 6% % of Main-Home Ownership 77% Source: IPAV | APEMIP | IVD
IRELAND The Professional Dynamics The Market Dynamics n/a 12 000 n/a 130 000 n/a n/a n/a n/a 95% n/a n/a 25 000 n/a 1% - 1,5% Yes Yes No No Source: IPAV | APEMIP | IVD
ITALY Capital: Rome Area: 301 230 sq Km² Population: 60 303 800 Official Language: Italian Currency: € (Euro)
ITALY Villas €/sq meter Apartments €/sq meter Source: FIAIP | APEMIP | IVD
ITALY Offices’ Rents €/sq meter/month Mortgage Loan Rate 3,24% - 3,74% LTV – Loan to Value Covered 70% - 80% Inflation Rate 1,4% % of Main-Home Ownership 80% Source: FIAIP | APEMIP | IVD
ITALY The Professional Dynamics The Market Dynamics n/a 65 000 n/a 835 000 n/a n/a n/a n/a 45% n/a n/a n/a n/a 5% Yes Yes No No Source: FIAIP | APEMIP | IVD
PORTUGAL Capital: Lisbon Area: 92 094 sq Km² Population: 10 637 713 Official Language: Portuguese Currency: € (Euro)
PORTUGAL Villas €/sq meter Apartments €/sq meter Source: APEMIP | IVD
PORTUGAL Offices’ Rents €/sq meter/month Mortgage Loan Rate 1,596% - 1,855% LTV – Loan to Value Covered 75% - 90% Inflation Rate 1,9% % of Main-Home Ownership 70% - 75% Source: APEMIP | IVD
PORTUGAL The Professional Dynamics The Market Dynamics 3 112 3 515 241 040 205 285 438 281 € 102 556 € 101 335 70% - 75% 60% - 65% 27 012 45 677 3,5% - 5% 3,5% - 5% 13 781 189 670 Yes Yes Source: APEMIP | IVD
ROMANIA Capital: Bucharest Area: 238 391 sq Km² Population: 22 215 421 Official Language: Romanian Currency: Romanian Leu
ROMANIA Apartments €/sq meter Villas €/sq meter Source: ARAI | APEMIP | IVD
ROMANIA Offices’ Rents €/sq meter/month Mortgage Loan Rate 6,3% - 12% LTV – Loan to Value Covered 75% - 100% Inflation Rate 4,4% % of Main-Home Ownership 93% Source: ARAI | APEMIP | IVD
ROMANIA The Professional Dynamics The Market Dynamics 15 000 n/a n/a 50 000 n/a n/a n/a n/a 80% n/a 45 000 n/a n/a 6% Yes 352 500 No No Source: ARAI | APEMIP | IVD
SLOVAKIA Capital: Bratislava Area: 49 035 sq Km² Population: 5 429 763 Official Language: Slovak Currency: € (Euro)
SLOVAKIA Villas €/sq meter Apartments €/sq meter Source: NARKS | APEMIP | IVD
SLOVAKIA Offices’ Rents €/sq meter/month Mortgage Loan Rate 6% LTV – Loan to Value Covered 70% Inflation Rate 3,9% % of Main-Home Ownership 90% Source: NARKS | APEMIP | IVD
SLOVAKIA The Professional Dynamics The Market Dynamics 2 200 n/a n/a 75 000 n/a n/a n/a n/a 60% n/a 15 000 n/a n/a 3% - 5% n/a Yes Yes Yes Source: NARKS | APEMIP | IVD
SPAIN Capital: Madrid Area: 504 030 sq Km² Population: 46 063 511 Official Language: Spanish Currency: € (Euro)
SPAIN Villas €/sq meter Apartments €/sq meter Source: GIPE | APEMIP | IVD