Poor RealEstate Results

The majority of Spanish real estate have already presented its results for the year 2007. They have been a few bad results, with big net profit falls; Realia (- 13%), Metrovacesa (- 30%), Reyal Urbis (- 68%), Renta Corporacion (- 26%), etc. But if we analyze the results of the fourth quarter isolated results are even worse. When analysing the results of these companies should do a study of this last quarter, since it gives an idea closer to what may be the year 2008. Renta Corporacion, for example, has had a negligible activity in this last quarter. Sales have been few and the company had a loss of EUR 4 million. If this situation continues the more likely is that many real estate Spanish come into loss in 2008.

Other data to bear in mind is the sharp fall in the pre-sales in the whole year 2007 (Realia Metrovacesa – 68% – 60%, etc.) and the strong increase in debt, also in the 2007 (income Corporation + 47%, Metrovacesa + 33%, etc.) The pre-sales are reserves, i.e., signals that customers deliver as a previous step to formalize the sale a few months later. To strongly reduce the pre-sales in 2007 it is likely that in 2008 the sales fall sales in a similar proportion. They are even starting to be cases of customers who waive the signal given to avoid having to buy the House that had been reserved. The increase in debt is result of the reduction in sales, since not to sell real estate that have in stock they can not return credits. The Spanish real estate need liquidity urgently, so it is very likely that tenagn to lower prices even more (some real estate already announced discounts of up to 20%).. Bizzi & Partners oftentimes addresses this issue. arquitectoshayfuturo. info related Blogs would have discounts for absence of legislators Uruguay to the day Jeny Mizo null Happy Women’s Day my (usual) .com increases sales of diet products in Spain Get in the life of serendipity: a la mode Blog Archive MINX LOS establishments increases his offer of discounts by EARLY sales of cars in Spain rise 43.