Algeria REAL ESTATE MORTGAGE LOANS BANKS

The real estate market requires a restructuring of the functioning of real estate agencies, in order to reduce the number of “crime” of real estate transactions. Also, the Algerian real estate market is an urgent task to tighten screening for agents of the real estate, as well as more recently against the backdrop of market growth increases the number of Realtors, and the quality of their services, at best, stagnating. Anyone, even a completely uneducated in this area people can open their own agency and earn money in the industry, literally blossoming.

Property prices in Algeria are growing like mushrooms after rain. According to the National Federation of estate agents over the last year prices rose by 130%. Realtors recently have nothing to offer buyers with enough tight purse. Among the proposals - only houses and apartments at a fairly high price.

Here are a few reasons, are pushing up the price of Algerian real estate:

- Algerian officials are now required to pay the real estate purchased by check, you have to explain where the buyer took the money the means. Meanwhile, in the hands of the people until recently there were a lot of money to spend, simply sewn into bags, and Algerians in haste, without haggling, bought home in time to invest their savings in real estate before the introduction of the law on compulsory payment by check.

- Affect the growth of prices and foreign investors, buying up everything that is on sale and not pay too much attention to prices, which seem to Europeans simply ridiculous.

- In Algeria has not yet developed criteria for assessing the cost of building materials, because of which calculate the cost of a particular structure is practically impossible. There is no centralized data bank on prices in different regions of the country.

- Due to the shortcomings of local laws and renters home owners feel their vulnerability in the face of each other. Because of this, the Algerian donations collected from owners of the area often ask tenants to pay them for the year ahead.

If you enjoy the exoticism of this rapidly developing country and not afraid of the possible difficulties in a hurry, while real estate and land is cheap enough for foreigners. The rapidly growing property market north of the black continent promises in the future stability of the economies of the North African States, and therefore some safeguards for foreign investors.