Property estate agents are selling only one property per week. There has been a tremendous dip in the number of homes that have changed hands. The property estate sales have dipped to almost 12.7 sales in three months. Now these figures are alarming. But with the global recession what can you expect? The estate agents are blaming the lack of activity on the mortgages and the speculations surrounding the governments of the nations across the globe. Amidst these, the property market has shown some resilience and many of us are contemplating the future of the next 12 months.

There are many property estate agencies who will tell you about the hotspots in the current economic scenario. To make an informed decision, it is important that you check out the list of such properties on the internet. Most of the capital’s cities have shown a moderate fall in the values of the property that have been recorded. The profits of the property estate agents have dipped by 75%. However, in comparison to the share market, the property market is still better as the share market values have dipped by 40% and the property market values have dipped only by about 2-3% (if you take a median dwelling values all across the globe), for the same period.

Even though the property estate agents speak of resilience, the residential market is going to remain flat for at least the first six months of 2009. This is because of the ongoing recession which is coupled with the dwindling consumer confidence and possibility of rising unemployment. All these factors will contribute to further dampening of the value of the residential properties. However, at the same time, there are some dynamics which will drive the market to profitability. These include the falling interest rates catapulting to increased affordability coupled with the rising rental rates.

Some respite can be seen by the property estate agents when there will be an undersupply of the housing coupled with improved investment yields. The markets like the suburbs are ones that will be most likely to get affected by such market drivers. Suburbs remain to be the most appealing to the first home buyers and also the property estate investors. At this point the estate agents are highly unlikely to invest in the main markets while the first home buyers will target the low entry point properties. Such low properties are in fact showing high yields and long term capital growth.

The property estate markets which constitute the affluent houses are likely to be most affected in this recession. This is because the demand has been curtailed due to poor company profits, low bonuses and major fall in the equity prices. This together with the build-up of the property estate is being advertised for sale. The property market that is associated with the vacation rentals or tourism is also likely to suffer just because many of the owners of such have been forced to sell their properties.

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What intellectual property laws could apply to the case below?
Nicholas invents, develops, and distributes a new video game. He also writes a "Cheat" book that is available for purchase by each person who buys one of his video games. However, he does not apply for any type of intellectual property protection. Morgan Corp buys a Nicholas video game and "Cheat" book, analyzes it, and produces a clone of both products.Nicholas files ssuit against Morgan Corp., alleging violations of intellectual property laws.

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