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Real Estate Market: Rent

by Brianna - June 13th, 2017.
Filed under: News. Tagged as: , .

The real estate market today overestimate their capabilities and profitability of certain operations. In many respects, to the fore rent. In this segment, as elsewhere, the reduced activity. However – it dropped much smaller than the segment sales. And the revival of the real estate market, experts expect, will begin with the revival of the lease. Rental price fell during 2009 by almost 30%, and the seasonal rise in the autumn has brought the usual annual demand.

Proposal for a stable rental market exceeds demand. Creditworthy tenants become smaller, so the apartment longer linger on the market. Changed the very nature of demand: demand ratio Apartments markedly shifted in the direction of economy class, rarely rented housing business class, and quite rare – luxury apartments. The proposal was supplemented by flats intended for sale, but did not find a buyer long time. Have become increasingly hire newly purchased house to be able to pay their mortgages. In this situation, the tenant can expect to benefit by more choice. Even an experienced landlord today forced to follow the news real estate market to keep abreast of new trends, to know what to expect from the prices and demand. Experts say a small segment of the lease with optimism.

The market will try to go back to 2010 pre-crisis prices, but the impact of the economic situation in Moscow and in the world will have a decisive impact on the market. Still renting an apartment will be profitable, and the market situation remains more stable than in the segment sale of real estate. And the experienced and novice landlord interested in having to pass the housing benefit and safety. To avoid the dangers at the time you will respect certain rules. First of all, it is to contract. It usually is made in writing, but is legally binding. The contract must contain information about the cost and timing of the lease, marking the time and place of the contract. Treaty on fair housing rights guarantees not only the tenant, but often the landlord. Robert Speyer will not settle for partial explanations. Guided by the agreement, the landlord may appeal to the duties of his lodger. Terminated by law contract may be bilaterally. In the event of early termination of the contract the other party must be advised within three months. Another trend is the rental market: officials want to make rental housing legal, that is – taxable. To do this, every conscientious landlord should take shape as a sole trader and pay tax on the revenues generated from the delivery of housing for rent. Activity, led to bypassing the desired tax benefits, will involve additional risk.

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