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29/09/2008 Whatever would have to merit the floors in Spain? Price versus Value
Price - > What somebody is arranged to pay by or or service.
Measured Valor-> than would have to be pleased of price by something.
They exist multitude of statistics to near the evolution of the price of the house in Spain, nevertheless is no of what it is its value.
We know that the real estate markets are regional, since substitute goods do not exist. You cannot trasladarte live to Frankfurt if you work in Madrid since there is no possibility of moving on a daily basis to work from one to another one, but exist of all ways two forms to try to measure the value of a house since the rent if he is comparable.
Yield by rent.
We compare the yield that would give a rent (it concerns rent divided by price of the house) in different cities through the data of www.globalpropertyguide.com. According to it is come off its analysis, Madrid is the city that would offer one more a lower yield only surpassed by Monaco. If a floor that is worth 340.000€ rents in 900€ to the month the yield he would be a 3.18% (900*12/300.000). Next we calculated whatever would have to lower the prices in Madrid so that the yield by rent raised until comparing itself to each city at issue:
|
Chisinau |
-77,71% |
|
Warsaw |
-76,28% |
|
Bulgaria |
-70,17% |
|
Bratislava |
-68,69% |
|
Moscow |
-64,16% |
|
Amsterdam |
-61,82% |
|
Paris |
-61,82% |
|
Bucharest |
-61,44% |
|
Budapest |
-61,06% |
|
Munich |
-59,62% |
|
Istambul |
-58,22% |
|
Brussels |
-58,17% |
|
Skopje |
-56,01% |
|
London ctro |
-55,82% |
|
Valeta |
-54,61% |
|
The Prague |
-54,55% |
|
Ljubljana |
-53,74% |
|
Andorra |
-49,11% |
|
Tallin |
-48,61% |
|
Stockholm |
-47,50% |
|
Zurich |
-46,34% |
|
Rest. London |
-45,60% |
|
Athens |
-44,93% |
|
Helsinki |
-42,20% |
|
Riga |
-37,00% |
|
Luxembourg |
-35,45% |
|
Copenhagen |
-35,45% |
|
Berlin |
-28,73% |
|
Vienna |
-28,41% |
|
Limassol |
-28,08% |
|
Rome |
-26,23% |
|
Oslo |
-25,36% |
|
Geneva |
-24,64% |
|
Frankfurt |
-23,36% |
|
Vilnius |
-22,03% |
|
Dublin |
-21,25% |
|
Bern |
-16,67% |
|
Valuz |
-4,26% |
|
Madrid |
--- |
|
Monaco |
29.63% |
If in addition we see that the amount of the rents on the gross rent is very high with respect to other countries, the result is still more negative.
I number of times that the price of a house includes the familiar rent
One would calculate dividing the price of the house between the familiar rent. The historical average of this data is placed around 4 according to the graphical associate.
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