It is a fact, the economic crisis is global and has reached all corners of the planet and it is affecting all areas and economic sectors, including, of course, the real estate sector. However, just as they are varied causes of the economic environment that we are experiencing, there are also several factors to consider that they leave to see a light at the end of the tunnel, by smaller that is. Let’s look first at the main causes of this housing crisis. Home we can pinpoint the collapse of mortgages in the United States as a main culprit. The so-called subprime mortgages, aimed at customers with limited solvency, so the risk of default is much greater than any other credit.

This made accessible the speculative buying and selling to markets which normally not could even acquire their own home, much less be investing money he didn’t have in real estate. Besides that such speculation was accompanied by a great leverage, that is, financed by mortgages that, to the sold, were cancelled to buy another house with a new mortgage, without financing both operations via a bridge hipteca. Said in simpler words, buyers invest imaginary money hoping to get real gains. This frenzy of real estate investment led to an increase unprecedented demand, and thus, an elevation in the overvalued prices, and therefore debt. Which, in turn, resulted in the uncontrolled growth of supply, causing the increase of construction projects, residential condominiums, houses, etc., saturating the market with properties at prices over inflated and unrealistic and exceeding the demand that previously exceeded it. To these causes we could add even more, as globalization that affects not only the real estate market, but virtually all markets, ending with small and medium-sized enterprises which are engulfed by the large transnational consortiums.

And are these same large consortia who have saturated the market items produced in series and in such quantity that it has exceeded the demand of consumers, while they insist (and to some extent they have done it successfully) in becoming a consumerist and pragmatic society where it only has what you have and how much you have, buying regardless if is necessary or not. And could continue with more causal, but me forwarding the topic. Now let’s look at the factors that can help us to cope with the current situation and achieve crossing the tunnel.