Source: Yiwu sourcing agent Author: Cocal Date: 2010-12-30
People who familiar with writer San mao may know, she and her huaband Hecy ever have settled in Canary Island, Spain. Before the financial crisis, the place is as beautiful scenery and developed tourism, known as the Anglo-German and the Nordic "back garden. " But now, as same as the country’s whole estate market, where the tourism real estate is experiencing a huge crisis. Capital Investment in the local government want to save the market downturn, attract Yiwu people to invest and which also has become one of their wishes.
"Now the Spanish property market have fallen off, and even some house prices of Canary Islands fallen into five. " Yang zhenfang who does business about kitchen utensils in the international trade city, previously lived in the Europe, and has some understanding about Germany, Spain and some other countries.
She said that after the financial crisis, Spain has fallen into the debt crisis has not extricate themselves. The country had more hot real estate market, but also because of the disappearance of demand become a depression. Spanish real estate market slump to a more prominent problem of high unemployment, which in turn makes the property market suffer, if no measures are taken, the vicious cycle will continue.
Reporters also learned that this year in November, ost of debt financing rise 18% in Spain the debt crisis seriously. The country's real estate market appears many residential flats and houses with high vacancy rate situation. Bank of Spain said its investment in the real estate market, domestic banks in the 5800 billion dollars, with 240 billion U.S. dollars exist problem.
Some Yiwu businessman who have been to Spain recently said the high vacancy rate in the local housing problems do exist, some long-deserted town, also called "ghost town"and "ghost town" ‘s amount is not few
The market demand disappears, developers complain, some of the local government had to stand up to save the crisis. " Yang Zhenfang said, she had a friend, has long-term business in Spain and has some contact with local government, the local government thinks he is a successful Chinese businessman, so they hope he can bring some China capital to help their tourism estate crisis.
Later, the Chinese businessman, accompanied by local government officials to visit Yiwu, the officials see strong purchasing power, they immediately expressed the hope to promote some real estate in this market. So, the businessman set Canary Islands real estate sales points in Yang zhenfang’s store.
"In order to attract capital to rescue the market, the local government declares, if yiwu people go to Spain to purchase property, they will try to help do the green card. If yiwu people can’t get the green card because of personal reason, They will refund the full purchase money. "Yang Zhenfang said.
Then, are there how many estate sale amount? Yang zhenfang said: “The concrete is not clear, however, local government officials said that if the house sell better in Yiwu they have no problem to provide them with tens of thousands of suites "
Yang Zhenfang also try to communicate with friends and through network advertisements, etc., to promote the Canary Islands real estate projects, but overall there has not been good.
She said the local price of a house is about 180 million yuan, according to the purchasing power of Yiwu, which does not amount to much money in investment spending. The reason they have no interesting about this may be that there is doubt concerning a green card, they have no confidence on the local real estate market trend temporarily.
"We can not guarantee one hundred percent to do a green card, can only buy a house over there, do the possibility of a green card will be large, with about ninety percent or more certainty. " Yang Zhenfang said the current real estate market in Spain Although the trend is still low, but as the economic recovery in Europe, after the Government's efforts, I believe they will pass the trough.
"In any case, many real estate projects in Spain now considered as a hot potato. " industry source said that if investors want to go there do some investment, it is best to go to do a personal visit.
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