On the indices of the active activity of the Old World, of course, influenced by the financial assistance provided by European governments. Mortgage lending to date is on the verge of resolution and a full extinction. Therefore, for the real estate market has come a very difficult time. One of the first who felt the “wave” of the crisis – this is Ireland and the uk. Every day in these countries the real estate prices, and hence sales volumes are significantly reduced. Came even before that began to fall the price of the most elite real estate, which is essentially unchanged for many years.

Many good-wealthy Britons today can not afford not to the fact that housing in London, but also the cheapest apartments in Albania or Bulgaria. Once the British were considered the first investors in real estate, but that has now become – they save on all that is possible, whether purchases or services barber. In France, for the period from 1995 to 2008, the cost of the project (average) increased by 215%. And this is the first reason for which is expected to decline in housing prices. The credit crisis also hurt France is not much.

Many claimed that Spain awaiting the same fate as the United States. Different experts have argued that the country is expected imminent great crisis of the local real estate market in parallel general economic decline in the country. Nevertheless, as the assured authority, everything is much better than might have been. Demand for property in Spain has remained stable, and in some cities, prices are rising on the contrary, matching inflation. So the demand for rental at various resorts of the country did not fall. Investors are well take the opportunity when you can buy cheaper, but take several times more expensive. Thus, investment in real estate Spain remain relevant issue. In Italy the situation is ambiguous. In some its regions, prices are falling, in some people – grow. For example, in Calabria and Sicily, according to experts, it is possible that prices could soon – much to grow. Calabria – a booming market, which had not yet been estimated by dignity.