The total value of real estate, especially housing, probably many times greater than the value of our other assets. Absolutely the same situation in other European countries, where there is no unique natural resources, oil, gas, gold, etc.

As we know, the way to a man's heart is through his stomach. And the way to the heart of the voter? Through housing, rather, a housing policy. How much housing is available whether it is the voters, what taxes to housing, which tariffs for heating, utilities, maintenance, etc. Try to change these basic things - and it immediately affect all of us.

So, for example, in the Netherlands, one of the richest countries in Europe, created a coalition government is based on the relationship of parties to the housing policy. A similar situation in other developed countries of Old Europe. On what basis are government coalition with us, to me personally as a voter is not clear.

Because let inflate bubbles in housing, especially housing, and then give him a break so loud - it's the same thing as cutting down its forests, pollute our rivers, land and sea. This shows the predatory mindset of society, the immaturity of the political-economic system.

What sort of ways countries located on the following diagram on the right, managed to minimize, mitigate the crisis in the real estate market and housing, as well as fast enough to set in motion?

1. Undoubtedly, the most powerful, efficient and effective tool - it is monetary policy?

As a rule, to implement this policy should the central bank. It determines the value of money, raises or lowers the rate relative to competitors, reduces or increases the lending rates as the basis of the direction of economic development and, of course, the real estate market, is it deliberate slowing down or speeding up.

For example, in the UK as a basis for a monetary policy of the Central Bank are numerous indicators of the state is the housing market. The main purpose of this policy - to heat or to brake the development of the housing market, rather than letting it enter into a state of instability, collapse, overheating. The cost is only one specialized segment of the UK housing market Buy-to-let (the segment of private rental) is more than 500 billion pounds, exceeding the value of all factories, ports, warehouses, offices and shopping centers. And everybody understands that the reduction of its cost or the collapse will inevitably lead to the collapse of the economy as a whole.

Scandinavian countries, Britain and Switzerland have learned serious lessons from the hard recession of the early 1990's, when the collapse of their real estate market as a result of improper monetary policy led to a deep economic crisis in these countries. Bulk sale of real estate taken away in the early 1990's just brought down the market. Today it became clear that the banks more profitable to leave the house owned by those who are experiencing temporary difficulty in paying the loan than take the property and put up for forced sale. Having received tremendous support from the state banks have been the key all the ways to help their clients in order to avoid massive defaults on loans.

Even so, bringing major headache banks, real estate, as land under development, European banks are trying to act very cautiously. For major construction and development companies are all the conditions for debt restructuring, taking over the most valuable parts of the small and medium-sized companies to avoid flooding of the land and its collapse. It is believed that the large developers and builders in the Revitalization of the market will quickly increase the market start to build a new home and thus avoid new deficit in the market. But above all, ensure employment growth and reduce unemployment. Medium and small companies who have been unlucky with the bank's help, today mass disappearing from the markets of the UK, Scandinavia, Ireland and Spain.

But those measures have been taken in the countries most successful (it is now possible so to speak) have overcome the world financial crisis (Sweden, Norway, (they have a trailer and Finland), Switzerland and UK):

rapid devaluation of its currency, produced in the early days of the crisis helped to keep the competitiveness and export potential of the economy;

takeover of key backbone banks experiencing serious problems, Having an ownership state, providing significant financial support, the issuance of guarantees to banks, able to solve their problems;

a sharp decline in interest rates refinance in order to avoid defaults on previously issued loans. In Sweden, Switzerland and the UK mortgage rates fell below 2%, although in the beginning of the crisis, they began to grow very quickly;

overcoming the difficulties encountered in the initial stage of the crisis in obtaining mortgage loans, increasing their accessibility.

After analyzing the situation in various real estate markets in Europe, we can say that in general CB EU, of course, coped with its functions. That's just to small and economically underdeveloped countries of the EU their hands, unfortunately, by and large have not come down, as the activities of the Central Bank EU primarily reflects the interests of its major shareholders - the most wealthy and powerful countries.

2. The second block of measures relates to tax policy

While in developed European countries (Sweden, Switzerland, partly UK) are already beginning to think about how to prevent an excessive rise in the next market, when and to what extent to reduce tax exemptions and subsidies, gradually raise the lending rates, we have formally still acting anti-inflationary plan. Who and adopted, it was so late, that we should think about incentives, rather than braking.

In more advanced countries, fiscal policy is working together with measures to stimulate the construction, ie, The housing and measures to boost consumption, ie purchasing power of the market. The main objective is to supply and consumption were in the same phase of development and harmony among themselves, but were not in contradiction.

An example of the recent past, Latvia, where for several years, beginning with the 2000's, the banks might and main to stimulate consumption, giving out loans left and right, and the construction, ie, proposal, responded by increasing volumes just before the beginning of the crisis. Lack of supply with increasing demand has led to tremendous growth in housing prices.

Promote the construction plays a vital role in solving other problems - providing employment and preventing unemployment. The construction industry like no other industry has a huge capacity of the workforce. In many developed countries in the EU during the crisis, despite the difficulties in funding, increased production volumes of construction in the public sector.

Here are just a few examples of stimulating construction.

In Switzerland, due to the low and affordable credit, and increasing volumes of construction in the public sector, the total volume of construction in 2009, even rose by 8%.

An important role in reducing construction costs and, of course, it is encouraging VAT. Even in the most market-oriented UK VAT on new construction - 0% interest, in Spain - 7%, Poland - 7%, Italy - 4%, Cyprus - 15%.

In France, the overall package of heating economy is a plan to build 100,000 units of social housing. In the UK, also significantly increased funding for social housing.

Of course, motivated by the demand itself. In many countries, even in times of crisis continue to be the motivation for purchasers of first homes. In France - a zero rate on subsidized loans. Credits are authorized commercial banks for the appropriate state program to customers who meet certain criteria. Banks receive from the state with adequate resources to compensate for still owe for interest on the loan from clients. 2 / 3 of all new apartments are bought by some types of subsidies.

In Germany, for the purchase of their own homes are permitted to use even their pension savings. In the Netherlands half of the interest on loans for people buying first homes, covered by subsidies.

Despite the fact that some steps to clean up the property market and the economy as a whole have proven effective in some European countries, their mechanical interception in Latvia, unfortunately, is impossible. Latvia must find their own way, which will emerge from the crisis.

I do not know whether I have succeeded to do this, but I wanted to show that the management of real estate development in most developed countries of Europe - is a lively, rapidly changing under the influence of time an organism.

In my opinion, the cause of a deep crisis in Latvia - a bankruptcy spontaneous political-economic model of development. (Developed countries have gone through this period of 30 years of last century. What it ended? Great Depression). As a result, this element appeared very lopsided structure of the economy of Latvia. And as in the mirror - twisted, unbalanced housing market. No industries are able to quickly compensate for the loss of real estate market and construction.

The aim of our further development should be the harmonization of the economy, development of transit cargo handling, logistics, finance, office, exhibition business for the CIS countries and Europe. But if you do not take steps to a healthier real estate market, construction of the correct structure of the housing market, it will be extremely painful and long process. Do not forget our main wealth!