According to Rosstat, real estate prices in Russia continue to grow. During the third quarter square meter in Russia die at 4.2%. Apartments in Moscow went up by 7.8%. Apartments in St Petersburg went up by 3.8%.

But the financial crisis momentum and Russia. As Russia has become more difficult to obtain mortgages. Most likely, in the next 6-12 months, real estate prices in Russia will decline by 10-15%. Already, some developers discounts built housing. For example, the St. Petersburg company LEK reduced the price of 15% on their apartments. True, a built flats have only two-, three-, four-room.

Average real estate prices in the regions of Russia (3 quarter, $ / square meter):
1. Moscow - 6 222
2. St. Petersburg - 3 077
3. Moscow - 2 798
4. Sakhalin - 2 672
5. Kaluga region - 2 482
Russia (average) - 2 262

Ecuador remains for the Americans exotic. At the same time, Ecuador has a few advantages. First, the coastal zone. In the west, Ecuador borders the Pacific Ocean. Secondly, the value of real estate. The third is the official currency in Ecuador - american dollar.

We decided to consider two types of real estate:
- On the shores of the ocean;
- The capital city of Cuenca province of Azuay.

Let’s start with a magnificent houses and apartments in Cuenca.

House in Cuenca №1
The city of Cuenca (Ecuador)
2 floors with a total space - 300 square meters, cost - $ 178,000 (ie $ 593 per square meter - in the U.S. such prices are simply not found).

Average mortgage rates in USA

1 year Average mortgage rates - 5.89 % (last week - 6.13 %)
15-years fixed - 5.82 % (last week - 5.94 %)
30-years fixed - 6.32 % (last week - 6.43 %)

So, see the price of new homes in London. It is known that Real estate prices in UK are falling for eight consecutive months.

So, new homes for sale in Central London.

5-bedroom home at Culross Street.

What else is in this house? For example, 5 bathrooms, 6 reception rooms, Roof Terrace, Lift, Garage. What is the cost of such beauty home? £ 20 million, which equals $ 40 million. This house can not afford many.

We go to the patient number two.

2 bedroom house in Pavilion Court (£1.400.000=$2.800.000)

Prices of real estate in the world

According to Knight Frank, the average price of real estate in the world following:
1. London (UK) - 36825 € / m2 (change over year +30.8%)
2. Courchevel (France) - 35.000 € / m2 (+5.0%)
3. Monaco - 32.500 € / m2 (+25.0%)
4. Paris (France) - 15.500 € / m2 (+10.4%)
5. Moscow (Russia) - 13.250 € / m2 (+35.0%)
… 11. Mallorca (Spain) - 6.325 € / m2 (0.0%)
… 15. New Zealand - 4.300 € / m2 (+12.0%)
16. Cyprus - 4.250 € / m2 (+12.0%)
17. Silver Coast (Portugal) - 4.150 € / m2 (+5.5%)
… 19. Croatia - 2.555 € / m2 (+10.0%)
… 22. Black Sea, Bulgaria - 1.350 € / m2 (+22.0%)

Initially, we thought, where they have such prices?
We decided to analyze the real estate market themselves in Europe to see the prices of these flats.
In Paris you can buy 2 - room apartment for 400-500 thousand euros (about 6-10 thousand € / m2). In the luxury property specified price may exceed € 15500 / m2.
In Moscow, in fact, prices of apartments located next to the subway and not on the outskirts of the city, rose to 5000-7000 € / m2. Prices of real estate luxury exceed € 10000 / m2.
At the same time, if we look at the prices of real estate in Bulgaria on the Black Sea coast, the average price probably will be about 1000 € / m2. Apartments for the first coastline and luxury real estate 1500-2500 will cost € / m2.
Therefore, the company recorded Knight Frank has a lot of inaccuracies. Logically, that they did an analysis of luxury property, but in this case, a number of brochures inflated, a number underestimated.
But you will notice that the price of real estate on the shores of the sea are very different. If Knight Frank operate figures, in 1350 Bulgaria is € / m2, in Portugal - 4150 € / m2, Cyprus - 4250 € / m2, in Spain - 6325 € / m2.

In the record company Knight Frank missing USA. Apparently, the company believes that the real estate market is the United States is going through difficult times. Of course, luxury real estate market has suffered least from the mortgage crisis, because for the most secured population crisis struck not so much.

We continue to explore the real estate market in Bulgaria, to be exact Sofia real estate market. We turn now to 2 - room flat (or apartments with one bedroom).
Let’s start with the new.
One bedroom apartment in the quarter Mladost 1 (in the September quarter two apartments in Mladost 1 sold at the price of 900 euros per square metre): 75 squares, a large balcony, good planning. Price? 88700 euros. Wow. Nearly 1200 per square meter.
Apartment in the Lyulin-2. 111 squares. Not bad? Lyulin-2 - less prestigious area. The average apartment sold at the rate of 620-650 per square meter. How much is worth our apartment in Sofia? 72000 euros, or 650 euros per square metre. Additionally, you can buy a garage for 7000
euro. Total, nearly 80000 euros for a spacious apartment in Sofia 1-bedroom apartment
with garage, to be built by March 2008. 80000 euros.
Further, the Vitosha quarter. At flats in the secondary market at a price Vitoshe left 850-1000 euros per square metre. Flats in housing construction will cost 1100-1500 euros per square meter. 1500 - this luxurious complex closed type Mount View Sofia (closed area, swimming pool, spa centre, sauna, shopping).
On the secondary market, two apartments left at the price of 550 euros per square meter (quarter Moderno Predgradie) up to 2600 euros (Oborische quarter). We specifically decided to see what there is now in the quarter Oborische (it is the centre of Sofia). New (building construction) - two flats 157 thousand euros - 178 thousand euros. 2400 euros per square meter, but the good apartments: decoration, and furniture design.
But in Moderno Predgradie we found three-room apartment (House 1995) for 60000 euros. Here it is the difference between Moderno and Oborische Predgradie.

The average prices on houses in England and Wales fell in December by 0.3% to 175.2 thousand pounds. Prices of homes falling third month in succession. Compared with December 2006, home prices have risen by only 3%. This is the worst result for the last 18 months.
Average home sales also increased. Now it is 58 days.
In the current situation on the real estate market in the world and the world financial markets, it’s likely that the sale of homes in Britain has further to fall. The growth in real estate prices in the UK next year, according to our forecasts, will not exceed 2%.

If a Google search for real estate in Sofia, it invariably wives at a real estate agency Mirela. This agency a lot of sites, and, of course, it is bad, that represented only one Agency (of mind, Google should banned half the sites, but until then until the case never came.
Well, look, first of Sofia.
Sofia has been one of the most attractive investments, if residential real estate.
So, the studio (1 - room flats).
The first thing we encounters a - in the studio quarter Lyulin-1. Average kind of flat without repairs. Price - 41000 euros (891 euros per square metre). More flat in the quarter Lyulin-9. Price - 43000 euros (977 euros per square metre). The apartment needed repairs. However, in the first apartment renovation will not prevent. Go ahead. Flats, which are yet to be built. From 25000 to 67000 euros.
Area (together with the ideal portion) of 40 to 77 square meters. Price of one square meter from 604 to 1556 euro.

To be continued…

P.S. 1 euro = 1.4-1.45 USD

Very nice Battle Ground ranch style home in a great neighborhood, and a very convenient location for that daily commute. Features covered front entry, vinyl siding and windows, 3 bedrooms, 2 baths, a large open kitchen and dining area with pantry and a slider to the backyard patio. Large living area, gas fireplace and laminate wood floors throughout. Room for RV parking on the side, and has a good sized backyard with great southern exposure. The home is also located adjacent to a fenced green-belt open space area. Driving Directions: 199th to SE Parkway(132nd), Right on SE 18th ST, home is on right

Owner sale: 3 years old, 4 BR, 3 full baths, large rec room. Gated community w/beaches, pool, boating, fishing, tennis, 18 hold PGA golf course and much more. Close proximity to UVA and its renowned Medical Center. Wonderful family environment. A retirement paradise. Priced to sell quickly at $325,000. Similar area homes start at $360,000 and up. Immaculate condition, available immediately. Call Patrick Conway at 434-589-3622 for details and appointment. Email: gracewebb1@yahoo.com