Property market / Industries - Economy-point.org

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Page modified: Friday, June 23, 2006 23:36:01

The property market is a part of the so-called real estate economy. Of their tasks (development, management and marketing of real estates the property market takes over the third task as well as parts first.

Contrary to other market ranges the property market has completely special characteristics. They base particularly on the following aspects:

Reason and soil are not increasable
Landed property is a "immovable right property"
Real estates satisfy one of the basic needs of humans, i.e. living, and in certain measure also the desire for security.

Real estate-referred procedures and occupations

Therefore particularly strict legislation in most states for basic traffic and at the housing market, which brought also special administrative proceedings and occupations out, exists. To state are in particular:

Land register, mountain book (for the mining industry), railway book in former times also the land board (noble landed property) - they serve the rights" like property, Hypotheken, way, water law and other rights than special Sicherstellung
Land register (depending upon kind a steering wheel and/or a property land register), which is put on, cared for by the land surveying office (in parts of Germany land registry) and kept current
Occupation of the notary - for authentication, inheriting, purchase and other contracts, as well as approach place for incorporations
Attorneys, who are specialized in basic traffic, housing right etc.
Building manager and real estate agent
Estate agency - hpts. for the switching of purchases, sales and renting objects
Credit institutes and real estate advisors
and further, particularly occupations which are connected with the building industry.

Parts of the property market

The wichzigsten parts of the property market are the property market (see to real estate systems, the housing market (property, cooperative and flat lets for rent), the property market for trades and industry, and the managements.

Furthermore for the establishment and renovation of buildings different ranges of the building industry.

Also some activities before establishing buildings rank among the property market, particularly to the development of housing estates: official surface dedication and licensing procedure, town planning, nature and ensemble protection, planning and establishment of the supplying and disposal pipelines etc.

Temporal dimension of the property market

(here would be the aspects (in relation to other markets) of the long-term time requirements to work on - see also "immovable property".

Development of the property markets in Europe

Medieval municipal law and the agriculture

From the basic rule to the private property

Property market since 1918

" " Provisional one list (for the development of the article):

Economic crisis (n), structure generation
Development of professional associations, real estate, communities of interests and building law
Etc. trains development of the training centres, subject (high).
Industrial law, guarantee etc.
Parameter for the price formation
Data bases and price collections

Influences of the social structure

Property and fortune structure

Age structure

At the end of February 2006 met in Vienna one of the European Union supported the conference material Estate. It stated that the obsolescence begins to affect braking the property markets.

For example of Italy will shrink population until 2050 around 20-25%, which reduces the private living precaution already somewhat. In addition at present boom-end restaurant economics are missing, so that beside the housing also the office market stagnates.

In Germany and Austria the population contraction will achieve a somewhat smaller extent (which but the stagnation influences could begin to work also here in some years. From Western Europe only France is in a better position, while the negative population trend in the eastern "entry countries" retards only around some years than Western Europe occur might (S.A. FAZ 24.Feb.2006, p.47f)