Aναβρασμός στα ακίνητα λόγω Pimco

S??a?e?µ?? ??e? s?µ??e? st?? ???d? t?? a????t??, µet? t? d?µ?s??p???s? t?? e?t?µ?se??, se s??s? µe t?? p??e?a t?? t?µ?? t?? a????t?? µ???? t? 2015. S?µf??a µe t?? a?a?????s? p?? e??d?se p?? ?µe??? ? ?e?t???? ???pe?a, ?at? t?? ??????? ??????ta t?? ?s??s?? t?? Pimco, ? s??e?t??? µe??s? t?? ????st???? a????t?? – st? ß?s? ?p???se?? t?? ßas???? se?a???? – a????eta? se 14,10% e?? st? ß?s? t?? d?sµe???? se?a???? ? s??e?t??? µe??s? a????eta? se 25,20%.

??t?saµe ap? epa??e?µat?e? t?? a????? ?a µa? s?????s??? ta p?? p??? ???µe?a, ?a???, s?µf??a µe p????f???e?, ?d? ??e? a???se? ?a ep???ate? a?ast?t?s? t?s? µeta?? t?? ??????, ?s? ?a? µeta?? t?? ep??e???µat??? ??a t? µ????? t?? ???d??, ? ?p???? ta te?e?ta?a ?????a pe??? d?s???a. S?µf??a µe ta ?sa µa? ????? a?afe??e? p????pt??? d?? s?µe?a se s??s? t??????st?? µe t?? e?t?µ?se?? t?? Pimco, a??? ?a? t?? p??e?a t?? t?µ?? t?? a????t??: (a) ?? p?? p??? e?t?µ?se?? e??a? ?e???e?µ??e? ?a? ????a? ??a s??p??? a?a?efa?a??p???s?? t?? t?ape???. ??de??µ???? ta p?? p??? ???µe?a ?a µ?? epa???e???ta? ??a ??a ta e?d? a????t?? ?a? ??a ??e? t?? pe??????. Ost?s?, st? ????sµa t??? ??e? p??????e? ??a? µ????? pa????? ?a? ?a?? ?a ?ta? ?? a?µ?d??? f??e?? ?a ?e?a?a??s??? t? s??t?µ?te?? d??at?, t?? t??p? p?? ????e ? ?s??s? ??a ?a e?a????? ta p?? p??? p?s?st? ?a? p??a e?d? a????t?? af???. (ß) ?eta?? t?? epa??e?µat??? t?? a????? a????t?? ?p?????? d??st?µe?e? ap??e?? se s??s? µe t?? p??e?a t?? t?µ?? ta aµ?s?? ep?µe?a ?????a.

S???e???µ??a, ? µ?a ?p??? p?? ep???ate?, ?p?st????e? ?t? ?? t?µ?? t?? a????t?? de? p???e?ta? ?a p?s??? st? ßa?µ? p?? a?af??eta? st?? ?s??s? t?? Pimco. ? ???? ?p??? ?e??e? ?t? ??? µ??? ?a p?s??? ?a? ???? ?? t?µ??, a??? e?de??µ???? ? µe??s? ?a e??a? a??µa µe?a??te?? ap? ta ???µe?a p?? ?d?se ? Pimco.

?a p???µata de? e??a? ?sp?? - µa???
St?? a????? ?a ?e?a?a??s??? ta ded?µ??a ?s? t? d??at? s??t?µ?te??, ?ste ?a µ?? ?p???e? pa????? µeta?? t?? ?ata?a??t??, a??? ?a? t?? ep??e???µat??? a?af??eta? µe d???se?? t?? st? BusinessWeekly? p??ed??? t?? S??d?sµ?? ??t?µ?t??, ?a???aµp?? ?et??d??.
?p?? ep?s?µa??e? ?a?a?t???st???, «a?t??aµßa??µaste ?t? ?? e?t?µ?se?? t?? Pimco, ?p?? a?t?? a?a????????a? ap? t?? ?e?t???? ???pe?a, ????a? ??a s??p??? a?a?efa?a??p???s?? t?? t?ape??? ?a? de? ?pe?s?????ta? se ?ept?µ??e?e?. ?a?t?????a, s?µe??se, µe ta s?µe???? ded?µ??a, e??a? p??? d?s???? ?a e?t?µ?se? ??p???? t?? p??e?a t?? t?µ?? t?? a????t?? ta ep?µe?a ?????a, ded?µ???? ?t? de? ????µe µp??st? µa? ??a ta ded?µ??a ??a ?a ????????µe t?? p?a?µat??? ?at?stas?. G? a?t? s?µe??se, ? S??desµ?? ?e??e? ?t?: (a) Ta p??pe? ?a d?a????s??µe ta a????ta t?s? se s??s? µe t? e?d?? t??? ?s? ?a? se s??s? µe t?? t?p??es?a ?a? ?a a?a??s??µe t?? ???e pe??pt?s? ?e????st?. (ß) ?e? p?ste???µe ?t? st?? pe??pt?se?? e?e??e?, ?p?? ?d? ?ata???f??a? µe??se?? t?? t?µ?? t?? t???? t?? 30 – 40%, ?a ?p???e? sta ep?µe?a t??a ?????a a??µa t?s? µe??s?. (?) ??? d??µe t?? t?µ?? ??a pa??de??µa st?? ??f? p??? ap? ??? µ??e? ?a? t?? s????????µe µe ?t? ?s??e? s?µe?a, e?de??µ???? ?a d?ap?st?s??µe ?a? ???d? st?? t?µ??, ???? t?? ??e?s?? ????? epe?d?t??. ?p?µ???? ?a p??pe? ?a e?µaste ?d?a?te?a p??se?t???? ?s?? af??? ta ???µe?a p?? d????µe p??? ta ???.

?? t?µ?? de? p???e?ta? ?a p?s???
??? ?p??? ?t? ?? t?µ?? t?? a????t?? de? p???e?ta? ?a p?s??? ???? ?a? p??? pe??ss?te?? de? p???e?ta? ?a p?s??? sta ep?peda p?? e?t?µ? ? Pimcoe?f???e? ? ?t?µat?µes?t?? ??t??? ?a?????. ?????ta? st?? BusinessWeekly, ? ?. ?a????? s?µe???e? µeta?? ?????, ?t? ?? ??p???? ep??e???µat?e? ?a? ????? pa?????te? t?? a?????, ß??p??ta? t? s??e?? pt?s? t?? t?µ?? ta te?e?ta?a ?????a, ????? a?a??ße? d??s? ?a? st?? p??sp??e?a t??? ?a ß???? ????? epe?d?t?? p?? ?a t?p??et????? sta ??p??a?? a????ta, p?a?µat?p???sa? d??f??e? ap?st???? st? e??te????. ?? e?d?af???? t???, t? te?e?ta?? d??st?µa ep??e?t???eta? st?? ???a, ???? ?a? t?? ??µat?? µe t?? ap??t?s? ?de?a? pa?aµ???? ??a a????? 300.000 e??? ?a? ???.
?d? a??et?? p??sp??e?e? ????? f??e? ap?t??esµa, ?a??? ????? ?atate?e? p???t???a ????afa ??a p???e?? p?? ????? ?????????e?. Ost?s?, ? ?. ?a????? ep?s?µa??e? t?? ???d??? t?? pa?ap????s?? t?? epe?d?t??, ??t? p?? µp??e? ?a ep?f??e? ?a???? p???µa st?? ??? p??sp??e?a. Ta ?ta? ?a?? e?? t? ???t?? e???ta? ?a? ??sp??e ???sµ??e? asfa??st???? d???e?de? ?ste ?? epe?d?t?? ?a e??a? d?asfa??sµ???? ??a t?? pe????s?a p?? a????????, a??? ?a? ??a t? p?s? p?? d?????, s?µe??se.

? ?d???, s?????se, ??e? d?µ??????se? µ?a p?atf??µa µe t? s??e??as?a 10 developersap? t?? ??p??, a??? ?a? se s??e??as?a µe µes?te? ap? t? e??te???? ?a? pe?? ta t??? t?? µ??a ?a ?e????se? µ?a ap?st??? st?? ???a, ?p?? ?d? ??e? d?µ???????e? ??afe??, µe st??? t?? e?e??es? epe?d?t?? p?? ?a t?p??et?s??? ta ?ef??a?a t??? st? ??s?. ?e ??e? a?t?? t?? p??sp??e?e?, t? ap??eµa t?? ap????t?? a????t?? p?e? ?a e??e??e? ?a? se ???sµ??e? pe??pt?se?? ß??p??µe ?a ??e???eta? ?a ?t?st??? ?a? ??a a????ta ??a ?a ?a?????? t?? a???µ??e? a????e?, a??fe?e. «Te??? ? pe?????sµ??? ?? p?? ?p???e?, se s??d?asµ? µe t? a???µ??? e?d?af???? ap? ??????, de? ?a ep?t?????? t?? pe?a?t??? µe??s? t?? t?µ??». ???t??e?? ?at? p?s? ?a ?p?????? a?????a fa???µe?a µe a?t? t?? ???a?d?a? ? ????? ????? t?? e??te?????, ? ?. ?a????? ap??t?se a???t???. «?e? ????µe t?s? µe???? ??tas? ?s? ? ???a?d?a. ??te ????µe t?? ?d?a ????t???a ?s?? af??? t?? ap??t?s? a????t??. ??ste?? ?t? ? a????s? t?? Pimco, de? ??aße ?p??? a?t?? t?? pa?aµ?t???? ?? a?t? ?a? ß?a????? t?s? µe???e? µe??se??».

Ta p?s??? ?s?? ?a? pe??ss?te??
??? a?t??et? ?p???, ?t? ?? t?µ?? ?a a???????s??? pe?a?t??? pt?t??? p??e?a, e?de??µ???? a??µa µe?a??te?? ap? a?t? p?? e?t?µ? ? Pimco, e?f???e? ? e?t?µ?t?? a????t?? ?a???? ??????. ??? p????µe ?? p??????µe?? t?? e?t?µ?se?? p?? e??a? ???e? ??a t? ??µa t?? a?e???a?, t?te ta p???µata de? µp????? ?a e??a? a??et? a?s??d??a, s?µe???e? ? ?. ??????. ?a? e???e? t? ??s? t??. ? p??ß?e?? ??a t?? a?e???a t?? 2012, ?ta? ?t? ?a ?fta?e st? 12%. G?a t? 2013, ? p??ß?e?? µe ß?s? t? ßas??? se????? ??a?e ???? ??a 13,2% ?a? µe ß?s? t? a??a?? se????? 13,8%. ??t? t? st??µ? ? a?e???a ß??s?eta? st? 14,7%. ????µe ?d? ?epe??se? t? a??a?? se????? ?a? ß??s??µaste a??µa st?? a???? t?? ??????, ????? ?a ????? ?p?????ste? ?? ??e???? p?? ?a p???????? ap? t?? ?pe?a????? ??fa??d?, t??? p??µ??e?t?? p?? ?a ep??east???, a??? ?a? ap? t??? ?p????p??? ???d??? t?? ??????µ?a?. ?p?µ????, e?? ta ded?µ??a e??a? a?t?st???a ?a? ??a t?? t?µ?? t?? a????t??, e?de??µ???? ?a ?epe??s??µe t? a??a?? se?????, s?µe??se ? ?. ??????.?s?? af??? e?d???te?a st?? t?µ?? t?? a????t??, ? ?. ?????? s?µe??se ?t? ??a t?? pe???d? pe?? ta t??? t??2009 µ???? ta µ?sa t?? 2012, ?? µe??se?? st?? t?µ?? t?? a????t??, s?µf??a µe t? de??t? t?? RICS ?ta?: G?a ta d?aµe??sµata 24%, ??a ta sp?t?a 16%, ??a ta ?atast?µata 22%, ??a t?? ap????e? 18% ?a? ??a ta ??afe?a 17%. ??t?? ?? µe??se?? af????sa? sta ???t?a t?? p??e??. Se ???e? pe??????, ?? µe??se?? e?de??µ???? ?a ?ta? ?a? µe?a??te?e?. ?p?µ????, e?? ?? µe??te? t?? Pimcoaf????sa? ?a? p??? ta ???t?a p??e??, e?de??µ???? ?a ?p?????? ?a? µe?a??te?e? µe??se?? se p?? ap?µa???sµ??e? pe??????.