Financing Availability Key to Rental Building Sales

Because of the crisis on the markets of credit, few leaders of industry expect that 2008 'speed of residential hiring of sales of buildings of S reaches anywhere about last year 'of the levels record of S.

The only avenue to finance the purchase of the rental properties, they say, are programs of lenders of assessment and federal agency.

Adding the insult to the damage, much of owners of the rental properties which contemplate the possibility of sale are in denial about the market of credit in account and the limitations on the financing.

Last year was a completely different history - rather a fairy tale. More than $10 billion value the residential rental properties were bought by the local and international investors, because the purchasers Europe, the Middle East, and of Canada joined the rows of the domestic investors who bought the rental properties in the traditionally stable area of New York.

Residential March� of hiring in Manhattan knew the incredible growth during these last years, president of the habitats of ISIC, Gary Malin, declared. Average Loyers increased 10.4% of 2005 to 2006 and 5.5% of 2006 to 2007; the rates of offer of employment for Manhattan made the average or below behind 1% per 2007 mainly due to the lack of inventory of hiring.