The real estate market is how to change your 10 years after the global financial crisis?

After 10 years, the global financial crisis and the 2007 consequences, it changes in the real estate market in the world, in particular, is an important way to you, it will continue to shape the real estate market for many years.

According to the research and consulting firm Savills global real estate market, the real estate affected by the global financial crisis in 2007 is the most powerful British. In the UK, the short-term impact of the world financial crisis, the tragedy happened, quickly paralyzed at home. The price dropped by an average of 20% in the past 16 months. The frequency of transactions fell from a year 1,65 million transactions in ten years ago, in December 730 in June / 2009.

The consequences of the crisis, just as it had changed a method of the real estate market is credible. For example, until May 2014 to August, the average price of new houses in your return to pre-crisis levels. At the same time, trading volume of more than 130 thousand of the threshold is only once.

According to reports, analysis of the new Savills, the impact of the global financial crisis in 10 years after 2007, the 4 crisis in the real estate market is obvious and will continue to shape the market for many years.

A serious decline in the amount, and the transaction cost

According to the records of Savills, total spending a year back in 2017 to buy a house is 31 billion 200 million pounds. In order to reduce the frequency of persistent transaction are the structure part, the number is more than 3 billion pounds, more than ten years ago.

The trading volume less money on loans even more powerful and about 4 billion 700 million pounds. At present, capital loans accounted for only 43% of total energy supply in investors and cash and funds are mainly owners.

This reflects the obvious influence of measures to tighten mortgage lending policies, in order to prevent a debt crisis in the market.

The bank's "Mom and Dad" has become a game player in their loan

With limited funds can deposit loan funds, the demand for those who buy a house for the first time a significant obstacle for the first young households to buy.

Although a large number of assets, because depositors bought more than 1 billion pounds to March 2017 / 85%, most of the energy growth of more than 10 years ago, in your own country in about 4,2 million pounds, the bank to provide "my mom and dad to buy" or "help". The young generation now increasingly relies on financial supply with the help of their parents, so that the government can buy a house that could change.

"Sometimes we come back to read about mortgage loans 95% or 100%. However, the quality and value of the mortgage loans are not on the 90% / 1 numbers and in 2007 5 of the 5 billion 200 million pounds. At present, it only accounts for less than 5% of total energy mortgage ", the Savills report points out.