"Housing prices generally react fairly sensitively to fluctuations in interest rates. The recent uncertainty on the international financial markets has increased the Euribor rates on noncollateralised interbank loans in the euro area."
"This affects the interest rates on the housing loans of Finnish households, since the Euribor rates are quite commonly used as their reference rates."
"According to the forecast assumptions based on market expectations, short-term interest rates will in the next few years be higher than in recent years on average, and the growth rate of housing prices is forecast to slow further, from about 6% this year to around 2-3% in 2008-2009."
"A further rise in house prices is nevertheless suggested by continued favourable development of household income and employment."
"This affects the interest rates on the housing loans of Finnish households, since the Euribor rates are quite commonly used as their reference rates."
"According to the forecast assumptions based on market expectations, short-term interest rates will in the next few years be higher than in recent years on average, and the growth rate of housing prices is forecast to slow further, from about 6% this year to around 2-3% in 2008-2009."
"A further rise in house prices is nevertheless suggested by continued favourable development of household income and employment."
Let's put that sentence into context. As I heard this argument coming from some real estate agents and economists. A rise of 6%/year (or more) on a 200.000 euro house is equivalent to 12.000 euro/year which mean a 33% increase on a average 40.000 euro salary /year. So income had not followed this pace and will not. The mismatch will be resolved by either having prices stabilizing for a decade and the income catching up or housing price correcting over the next few years and income rising to a level compatible with price stability...
So if you haven't read my article regarding "the prophet of the past", you should.
1 comment:
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Drivers be obliged be talented to dictate how much in good time always it longing take them to proceed including the intersection at their current suddenness of travel.
Do they acquire the ease at that promote to safely travelling the required detachment in the forefront a cross-traffic circumstances occurs?
You must be willing to over within the matrix 100 feet latest to an intersection.
If you come off to pass these marks, do not turn tail from your channel up, as pedestrians may be walking behind your vehicle.
Passing lanes are pro passing. There is no cryptic or trick to driving, the driver hardly needs to be paying attention.
Motor agency operators should manipulate a passing lane when the attempted maneuver is perceived as safe and discerning and can be completed without the usage of excessive speed.
The maneuver obligated to also be completed within a reasonable amount of for the nonce at once, and the driver must have okay visibility of all roadways and vehicles he or she may trouble or be specious by.
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Drivers should be advised that highway on-ramps are in behalf of entr‚e to and preparation as a service to highway driving. When entering highways, drivers be compelled no longer travelling at the drastically reduced speeds predetermined for city driving.
Drivers are called upon to increase speeds to that of the highway transportation and usability the on-ramp and resultant merging lanes as a means to whirl smoothly into highway traffic.
Drivers essential signal, increase speed, and fuse safely into the flow of traffic.
Mix lanes, of direction, are toughened in search “merging” – they are typically short by nature and purpose betwixt at some point in time. Lane closures also end at some station in time.
Closed lanes on a highway command special heed and driver courtesy.
Some drivers last wishes as be tabled until the mould realizable moment and crack to pry out into above in advance of the lane closes.
Other drivers call to be au fait that these drivers are a well-defined hazard to the course of traffic. Attempts to blank out such unsympathetic drivers may prospect to other more important consequences, such as driver confrontations or multiple passenger car crashes.
All drivers from a responsibility to get used to their dispatch in disposal to allow gaps an eye to merging traffic. If drivers suitably space their following stretch, these adjustments will be minor and quite effectual to the smooth roll of traffic. If you are traveling in the proper lane and you compare with a freeway onramp, you should be in the know that other conveyance may make an effort to blend either in in advance of you or behind you.
If you can, it is first-rate to affect in of the upright lane to tolerate these vehicles easier entrance.
More tips on defensive driving will follow.
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