Real Estate Predictions 2010

Wondering about how much and in what direction will real estate prices change in 2010? In the current short publication we will take a short tour of the market and hence make some real estate predictions, which will hopefully be useful for you and help you make decisions concerning your real estate trade business.

Homes
After having gone down by one third during the last year, home prices are predicted to continue to reduce during 2010. Home price reductions have been forecast by almost all interviewed real estate traders. However, reduction rate is highly expected to slow down in comparison with last year's pace. In the next few months reduction of prices is almost guaranteed because the market is currently into a deep crisis, considering the small nubmers of real estate deals. The majority of experts hold the opinion that the industry will fully rehabilitate when a constant growth in real estate successful deals numbers is observed. Colliers International predict that qualitable buildings' prices will remain stable, in that way attracting solvent and exigent buyers.

Holiday rentals
Firstly, very important to mention that 2009 sales are approximately 5 times less than those made during 2008 and the considered tendency is expected to continue in the next year - year and a half. Unfortunately, statistics had a very strong psychologival impact on investors and that is the main reason why many of them just quitted in 2008. As a result, there was a serious market shrink during this year and it is really hard to predict when things will begin to normalize. Real estate predictions are, however, not optimistic at all.

Malls/ Trading centers
The number of trading centers is predicted to continue to grow and as it follows rents will remain almost unchanged, which will encourage big companies to expand their business. The negative effect of this massive expansion will lead to the bankruptcy of many small businesses, which will surely destabilize the market.

Industrial areas
Expectations are optimistic due to the experts' predictions that the majority of investors and smaller companies will start to rent offices rather than buying workplaces, resulting in a rise in supply and demand. Colliers real estate predictions include forecasts that most active will remain food traders and logistics operators. Prices of construction areas is also predicted to continue going down, but not as rapidly as up to now because the number of investors has risen in the last few months.

Real Estate Predictions 2010