You are among the new poor if you have real estate. Here are the reasons

Being an owner is by no means a way out of the list of poor people. This is true and, in fact, a little provocative, there are those who regard them as the new poor. Let's be clear: there is no contradiction in terms because it is not enough to own a property, perhaps the house where you live, to be able to count on real wealth that produces value. for those who own it. Of course, not having to pay at the end of the month a rent, it's more than a security for those who can not make ends meet. But the opposite is also true: the real estate owner is not automatically a non-poor. And there are a number of very specific reasons that support this evidence. According to a very recent ISTAT report, according to which over the last 8 years the value of homes has fallen by more than 15% on average. Not only that, but looking at the data on old houses, the data is even more negative: -22.1%.

The new poor? The real estate owners

To express these considerations, Andrea Guarise, founder of Algebria Capital, published a full article on Econopoly, the section of the website of the economic and financial daily Il Sole 24 Ore, devoted to numbers, ideas and plans for the future. And he does this by documenting each statement with data in hand. As the Istat report, but also the annual notarial statistics from which to check the number 862,939 badociated with the purchase and sale of real estate registered in 2017, with an increase of 6.79% compared to 2016. In Reality optimism is thwarted by a second data: the average value of transactions rose from 148,000 to 126,000 euros. More over: In the last five years, the real estate auction market has increased and the real estate research supply has doubled, but actual sales and purchases – note Algebria Capital – have remained firm.

Four evaluations are then proposed. In the first place, the crisis of brick after 10 years is not over yet and considers instead that it is the new level of the Italian real estate market. Second, those with property tend to try to sell it for immediate liquidity. If it does so by will or necessity, it does not change much. He therefore points out that owners of a property that can not sell in the market for months or years are finally forced to accept a lower figure. Finally, even for buyers, if 39.66% of buyers have applied for the first home installation, something important will tell. As to say, more and more houses for sale, but more and more inadequate and therefore requiring intervention. Or seen from another point of view, more and more houses that are worth less.

How to defend yourself, the strategies of the owners

Faced with this situation, the data reveal that homeowners are trying to defend themselves by selling houses or trying to rent the newspaper. In this market segment, the situation is decidedly fluid, as young people, students and migrant workers are constantly looking for temporary housing as they do not always manage to get a bank loan.