The term real estate commonly refers to activities of management and transaction taking place on the property. It also covers many related activities such as: housing, construction, promotion, consulting, urban planning, architecture, management (greater Toronto area real estate listings). The law and finance are areas that are essential to functioning of the property market.
The importance that is taking over management of property has led to industry the need to put in place business skills and management more and more advanced with the need that the market requires professional and sophisticated analysis tools. The training of university sector is in Italy developing several initiatives at both the individual teachings, and guidance courses (undergraduate) and at post-graduate (masters and training courses). With the birth ofgencies of State Property and Land even the government is beginning to play an important role in real estate.
When it comes to public property, with the Finance Act 2007, Italy has adopted the granting of long-term (ie up to 50 years), the so-called concession for the use or long lease Anglo-Saxon will realize, thanks to 'intervention of private parties, enhancement projects on state property. To give an example: the former goods of Defense, mostly barracks, may be suitably exploited to different uses thanks to introduction of this.
The activity of promoter is subject to restrictions of Industrial Regulations and thereafter requires a permit. Compliance with the rules of broker and contractor Regulation is monitored through the annual, subsequent creation of MaBV-report. In this particular the mandatory use of capital provided individual buyer is presented. The buyer funds are generally hedged by a declaration of exemption of credit institution. This contains a clear rule for dealing with payments already paid in case of insolvency of builder (repayment according to actual construction progress, completion of project ...).
The "normal" Contractors on the other hand, can also act as a general contractor or general contractor, built on a plot, which already belongs to client. Since no real property is transferred, these contracts - as opposed to developer contract - not a notary notarization fee, but will be closed private usually in writing.
Its related to changes in interest mortgage rate, which reflects the tradeoffs between property and fixed income investments. Its correlated to equity markets. Periods of stock market crashes do not coincide with a particular behavior of housing prices. It's related to size of housing stock. Prices also depend on "irrational" difficult to measure variables such as weight beliefs, opportunities for excitement, etc.The speculative dimension of housing market may have an impact on prices, when it leads to formation of property bubble, the importance of which can be as large as that of financial bubbles and in some cases be combined with a financial bubble or in other cases be due to a global financial meltdown.
In addition to cyclical effects, the characteristics of property have an influence on its price. These may be intrinsic to property (ease of access and management, comfort, isolation, exposure, aesthetic, decay, loads and stresses, busy or free space), sentimental items (heirlooms). Rare phenomena may possibly be created by administrative constraints construction.
The construction process is usually done by purchase and development of land. As part of development of all works of architects planning the administrative authorizations are given to Contractor in order. Own works are not usually provided. The developed residential units are fully sold. Developed and builds the developer to sell the units before or during construction. In Bestellbau the developer is working only with the signing of purchase contract. The profit of developer resulting from the difference of total cost to create the living space and the sale prices achieved.
The importance that is taking over management of property has led to industry the need to put in place business skills and management more and more advanced with the need that the market requires professional and sophisticated analysis tools. The training of university sector is in Italy developing several initiatives at both the individual teachings, and guidance courses (undergraduate) and at post-graduate (masters and training courses). With the birth ofgencies of State Property and Land even the government is beginning to play an important role in real estate.
When it comes to public property, with the Finance Act 2007, Italy has adopted the granting of long-term (ie up to 50 years), the so-called concession for the use or long lease Anglo-Saxon will realize, thanks to 'intervention of private parties, enhancement projects on state property. To give an example: the former goods of Defense, mostly barracks, may be suitably exploited to different uses thanks to introduction of this.
The activity of promoter is subject to restrictions of Industrial Regulations and thereafter requires a permit. Compliance with the rules of broker and contractor Regulation is monitored through the annual, subsequent creation of MaBV-report. In this particular the mandatory use of capital provided individual buyer is presented. The buyer funds are generally hedged by a declaration of exemption of credit institution. This contains a clear rule for dealing with payments already paid in case of insolvency of builder (repayment according to actual construction progress, completion of project ...).
The "normal" Contractors on the other hand, can also act as a general contractor or general contractor, built on a plot, which already belongs to client. Since no real property is transferred, these contracts - as opposed to developer contract - not a notary notarization fee, but will be closed private usually in writing.
Its related to changes in interest mortgage rate, which reflects the tradeoffs between property and fixed income investments. Its correlated to equity markets. Periods of stock market crashes do not coincide with a particular behavior of housing prices. It's related to size of housing stock. Prices also depend on "irrational" difficult to measure variables such as weight beliefs, opportunities for excitement, etc.The speculative dimension of housing market may have an impact on prices, when it leads to formation of property bubble, the importance of which can be as large as that of financial bubbles and in some cases be combined with a financial bubble or in other cases be due to a global financial meltdown.
In addition to cyclical effects, the characteristics of property have an influence on its price. These may be intrinsic to property (ease of access and management, comfort, isolation, exposure, aesthetic, decay, loads and stresses, busy or free space), sentimental items (heirlooms). Rare phenomena may possibly be created by administrative constraints construction.
The construction process is usually done by purchase and development of land. As part of development of all works of architects planning the administrative authorizations are given to Contractor in order. Own works are not usually provided. The developed residential units are fully sold. Developed and builds the developer to sell the units before or during construction. In Bestellbau the developer is working only with the signing of purchase contract. The profit of developer resulting from the difference of total cost to create the living space and the sale prices achieved.
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