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Therefore, to really make an impact, you must learn to reach out to more and more customers and make an impact. Doing that is not always easy especially if the industry is young and deficient in resources.
Glad Stone Industry
Our services to the industries and to economic development can be segmented into the following categories:
In cases where a new industry is established, it is nearly impossible to find the right type of talent and the right type of skill.
This drastically hinders
This drastically hinders growth and has a long-term impact. Our services include providing training and guidance to the general population in the area so that they may take up jobs in the new industry. This skill creation often also requires importing skill but we take care of that too.
We often engage stakeholders
The disappointment for the ten years of real estate crisis that has eroded the values of the residential brick today leaves room for a return of interest, for the first home and for the investment. The first house today changes with a more contained expense given the drop in prices in the area, a drop that has created buying opportunities. On the investment front, after decades of disaffection, we return to evaluating the purchase to make the property income.
Trends stimulated by low interest rates that make mortgages increasingly attractive. “Once the purchase of the first house was the first investment choice of young people, today instead even parents no longer buy the house for their children – who want to travel, study and work abroad – and therefore have liquidity to invest – says Mario Breglia, president of Real Estate Scenarios -. Demand is penalized by the old stock of residential properties on the market. For the new, little more, the problem does not arise: the demands are high ».
The investment, selected and aimed at specific locations and quality properties, is made interesting by the returns and the possibility of a minimal revaluation. Looking at the table drawn up by Real Estate Scenarios for Il Sole 24 Ore, we can see that prices in the center of Milan will rise by 2.8% in 2020 and by 3.8% in 2021. Prices that today are around a minimum of 5,200 euros per square meter and 11,450 euros. The values drop in the semi-center (3,200-6,150 euros per square meter) and will revalue here by 2% and 2.9% this year and in 2021. Interesting revaluations (above 2.5%) also in the center of Florence and in the the center of Bologna.
Breglia stresses that the phenomenon of income investment is new for Italy, which has been abandoned for a few decades and today represents 10% of the market. “You buy it to put the leased ‘ to partment to students or tourists, the latter clearly increasing,” says Breglia. The data are even higher in the Tecnocasa surveys: even if the purchase of the main house prevails (74.6%), the investment sales reach 18.8% of the total, while the purchase of the holiday home stops at 6.6% per cent.
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A phenomenon that has transformed the face of our cities, such as Venice and Florence, but lately also Milan, where the search for a two-room apartment has become a hunt without neighborhood. So much so that some Municipalities are thinking of introducing restrictive rules on short rents, as happened in Barcelona and in other cities of the world stormed by buyers and tourists.
In this panorama even neighborhoods that were once considered peripheral find an appeal, because for some tourists there is no difference between sleeping in Rome, Trastevere or Tiburtina, if the price to pay in the latter area is much cheaper . “And those who buy manage to have a pension supplement, given that generally the yield is around 4-5% per year” concludes Breglia.
The winds of crisis that are shaking the government majority have offered investors the pretext to sell BTp and this explains the rise of today’s BTp-Bund spread. These are mostly profit taking which do not seem to affect the rally scored in recent weeks by the Italian debt. A movement that culminated yesterday when the differential dropped to 125 points (minimum since May 7, 2018). That the market is hungry for BTp at this stage is demonstrated by the 15-year BTp exploit which on Tuesday’s union placement registered a request equal to more than 5 times the amount placed. Or even the boom in demand at 3 and 7-year BTp auctions yesterday which saw the Treasury return to refinance to negative returns on the three-year maturity as had not happened since September.
Behind the exploit of Italian securities there are two factors: the lower perception of political risk and the general market context created with the Coronavirus emergency which played in favor of all fixed income.
The effect of voting in Emilia
On the first front, the key event was the elections in Emilia Romagna on 26 January. The outcome of the vote, which favored the holding of the majority of the government, pushed aside the prospect of early elections and the investors, notoriously allergic to uncertainty, bet strongly on the BTp: before the vote, the ten-year stock showed a rate of 1.22% with the spread at 155, yesterday at the close of trading the rate was traveling at 0.91% with the differential that closed at 128 points.