Posted by Marie Poppins on January 2, 2020 in Real Estate
Europe real estate market tricks? Liveio.com is a new real estate platform focused at helping real estate agents and individuals to sell real estate properties in EU. We will also talk about some real estate strategies mixed with some analysis of 2019-2020 real estate market trends in EU.
Whatever real estate professionals do right now should be flexible enough to cope with a 10 years period. To do that, it is vital to be aware of some trends that revolve around the growing of the population, it’s ageing, housing shortage, structural oversupply in retail property, a younger generation that is completely digitally enabled. We will have to be much quicker in evolving our product. The future will be much more about mixed-use communities. Before the economic crisis, there were more companies ready to build properties. Nowadays the demand for new properties is higher than the offer, and building costs are also on the rise. If before the higher construction costs were naturally compensated by a yield compression (with a higher sales pricing), this might not be the case anymore. So watch out!
What will happen with interest rates in Europe? Higher interest rates have been predicted for years, but everyone was wrong. Interest rates are still very low – stabilising at best – but they are certainly not rising significantly. Europe is now in a situation with interest rates mostly below 1%. Without any inflation, yields or potential profits will not rise. Despite this, investors know that if they buy today, they benefit from financing at a very low cost of borrowing. This trend is occurring almost everywhere in the world; housing markets are very popular, as everybody is trying to finance or refinance their mortgage to acquire a home while mortgage rates are so low. Many investors ask about the artificially low interest rates: how long will they last? Another year, two or maybe three? Nobody knows for sure, but we do know that interest rates will rise again. We may then have a serious market problem; if you bought property, whether commercial or residential, with low yields of 3–%, even a 1–2% rise in interest can have a serious influence on your profit return. Read extra details Real Estate Platform.
Now let’s talk about a few real estate tips for sellers: Talk to strangers! I know you were told not to do this when you were a kid, but real estate is another ballgame. You have to come out of your shell and talk to friends and neighbors of the owners, and anyone else who’ll listen. Talk to your own friends and neighbors about it, too; the more you talk about the listing, the more interest it will generate. Your mouth is your best weapon, so use it wisely. Remember to always be kind, polite and professional. Visit rival agents’ offices: Don’t think of it as fraternizing with the competition; think of it as visiting friends from another firm. Invite them for coffee and a chat. Talking business with other real estate agents can lead to referrals and sales for everyone.
You as an agency and real estate agent can advertise on Liveio with your own niche. When you create a professional individual profile, you can invite to the agency and jointly chat, share thoughts and build a strategy to successfully sell your properties. When you use Liveio, you advertise to a wide audience, not only in Europe but the whole world. However, those advertised on Liveio are only objects in Europe. We know that there is a demand for buying or renting properties in Europe. Now Liveio is available as a portal for collecting all items in one place, whether you are looking for a home, holiday home or a property outside of your own continent. Welcome to Liveio – your journey begins here. Source: www.liveio.com.