Experts expect 2010 with rising interest the development of the lease is very important for all developers, especially when it comes to long-term loans and pending a more funding in the future. When looking more closely at interest rate developments of the last five years, then you can see 2007/2008 a more or less sharply rising interest rate curve in the year. But then, with the onset of the financial crisis, the interest rate of the European Central Bank has been steadily reduced, and thus ultimately building interest rates fell. Call in recent months, the lease has fallen steadily and are currently at a level, which many experts considered historically low”. The historical low in the development of the lease can be explained very simply from the fact that the economic situation not only in Germany, but also in almost all European countries was very promising in the years between 2005 and 2008. They had brought the last financial crisis, and eventually also the crisis of the so-called new market behind and as the economy again had recovered, the European Central Bank (ECB) interest rates decided slightly and raise the piece by piece. At the time as the interest rates again on the way up were, it came to the real estate and financial crisis of 2008/2009, and it was again triggered a severe recession. Now it had quickly acted and did the European Central Bank.
She further lowered interest rates and which showed successes, because the entire economy attracted to the fourth quarter of 2009 again very clearly. However, one can assume that the European Central Bank 2010 again will change its interest rate policy with security, which depends also on the respective economic situation. Experts and market observers expect there to increase the key interest rates in the near future, and in this context there will be then again higher lease. Construction financing customers should leave but due to fluctuations do not worry. If also the interest for the construction financing are low at the moment, you can with a real mix of different Maturity benefit is still of very cheap, short interest commitments. Financing there are useful tips to the new building. Adam Botschek
Many parents join their donation with a lifelong right of abode. Already during his lifetime to their children, many parents to give her house to save inheritance tax. Often homeowners but no intention to pull out, but linking their donation with a lifelong right of abode. So there’s a rude awakening for neither side, Immonet has put together the most important tips. Lifelong residence in the land register lifelong residency”sounds final. Actually, you may live in this variant in the apartment provided for this purpose or the House by the end of the life.
The right of abode is locked to the respective real estate. Even if both parties understand well, a contract should be closed. Because, for example, one of the children is bankrupt or in financial trouble, the sale of the property to the discussion is quickly. The lifelong right of abode should also be entered in the land register. Is only way to ensure that the parents when a change of ownership or Living clashes with the children in the apartment or the House may remain. What rights and duties have residents with lifelong right of abode? Basis for the right of abode is the article 1093 of the civil code.
It allows the 40.0 to take the family or caregiver in the household. This also applies to unmarried couples: so the partner can be included in the lifelong right of abode. Also should be set before, whether the children can financially burden the House. Even if it has been agreed that the residents for only a portion of the property have the lifetime residency, may. Used with equipment such as heaters. One of the kids want to see the room of the parents there must agree this before. Namely, the owner not has a legal right to visit. The 40.0 must pay for repairs and pay additional costs for heating and electricity. The owner is obliged to finance only for extraordinary renovation. Is the House is sold, the new owner must lifetime ownership accept. Changes are no longer possible. It looks different when the parents need to be care and move into a home. Then, they can no longer benefit from her lifelong residence. Sometimes it is better to arrange a lifelong right of usufruct. Usufruct right instead of right of abode the lifetime usufruct right has the advantage that you can choose: either you live even in the real estate, or the apartment rent and profit from rental income. This is attractive, if you want to live alone at home anymore and moves into a nursing home. The rent can be used for the costs of care. Also the usufruct right should necessarily be entered by a notary in the land register. It is also useful to arrange a right of recovery. Because one of the children is broke and it threatens a foreclosure House can be overridden using the recovery law, again on the parents otherwise gone home and right of abode. Tip: Leave together from one Notary will advise what clauses in a contract of donation are necessary. Also, the lawyer can clarify what arrangements are best for both parties.