Category: Rent Out Property

2023 real estate market analysis and what’s in store for 2024 in Spain — idealista/news

The year 2023 will end with a seemingly contradictory balance in the real estate market: mortgages are falling and the volume of transactions is suffering after a year as significant as 2022. However, prices continue to rise, driven by a demand that is still higher than the dwindling supply.

The Housing Law has not only failed to meet the objectives set by the government but has had a devastating opposite effect: it was intended to solve the rental problem and has led to unknown levels of suffering for tenants. The new regulation has collapsed supply, and prices have continued to rise sharply. Moreover, there has been a significant shift from permanent to seasonal rentals, making it even more difficult for renters to access housing, especially families with children. With a continuous political environment, these trends are not likely to change in 2024.

The property market

Property prices

Price reductions that many have been listing for this year have not been arrived at, and the cost of buying a home in Spain has increased by 7% in the last year.

In some very dynamic markets, such as Madrid or Barcelonaprices have reached extremely high levels, causing price increases to

4 Property Investment Strategies in 2024 | Property News

Serviced accommodation – sometimes known as holiday lets – is a type of short-term rental property aimed at people who need somewhere to stay when visiting another area.

Like other types of buy-to-let investment, serviced accommodation involves purchasing a property and renting it out for income.

But how long is a short-term let? According to HomeLet, a short-term let is a contract that is less than six months.

Investors should take care of what city they choose to invest in – some areas restrict how often you can rent out serviced accommodation. For example, serviced accommodation in London can only be rented out for 90 days out of the year. However, somewhere like Liverpool places have no restrictions on how often you can rent out a serviced property.

These properties are usually listed on sites like Airbnb. As such, investors may need to pay commission fees when renting a serviced accommodation. In addition, you are more likely to endure void periods, especially when investing in an area with seasonal demand. Therefore, you need to consider an area popular with tourists all year round.

On the upside, Serviced accommodation allows investors to make a profitable rental income and also comes with

Anthony Albanese six-figure rental income sparks controversy amid housing crisis

Landlord Anthony Albanese is under fire over the $115,000-a-year in rental income he is pulling on top of his salary as Prime Minister, as interest rates soar for struggling families.

Greens housing spokesman Max Chandler-Mather has taken aim at Anthony Albanese for owning investment properties as he stepped up his campaign to scrap negative gearing laws.

After growing up in public housing, the Prime Minister is now renting out two Sydney homes including a mortgage-free federation bungalow with a pool while he lives rent-free at the Lodge.

“Let’s be real, if Labor wants to deal with housing affordability then it’s time to phase out the billions of dollars in tax concessions property investors get every year in the form of negative gearing and capital gains tax concessions,” Mr Chandler-Mather said.

“We could be investing that money in building public housing but instead it is going to people like the Prime Minister with his three investment properties.”

He went on to question why Australia has a “property investor as a prime minister” during the “worst housing crisis we’ve seen in a generation”, accusing Mr Albanese of fighting to protect negative gearing and capital gains tax concessions.

“And I think what they’ve

Condo rental softens further, HDB leasing market gains momentum in December: SRX, 99.co, Property

CONDOMINIUM rental prices marked the fifth consecutive month of decline last December, wiping out the growth seen in the first half of 2023. The Housing and Development Board (HDB) rental market, however, continued to register growth in both rents and leasing volumes.

Condo rental prices decreased 0.5 per cent from the previous month, led by rental falls across all the regions, flash data from SRX and 99.co released on Thursday (Jan 18) indicated.

However, the overall condo rents were still 2.6 per cent higher compared with December levels in 2022. Rents in the Outside Central Region (OCR) and Rest of Central Region (RCR) were 4.4 per cent and 2.6 per cent higher respectively. Core Central Region (CCR) rents were 0.9 per cent higher on the year.

Mark Yip, chief executive of Huttons Asia, noted that the decline in private rentals in December was milder than the previous month, which was likely caused by a slight uptick in demand from new hires starting work in the new year.

Eugene Lim, key executive officer of ERA Singapore, noted that landlords will have to bear the brunt of rising annual values and property taxes in 2024, saying: “With interest rates still high currently,

Australian property market in 2024: Is it a good time to buy in 2024, interest rates, rent, house prices

Three property experts have made their predictions for what Australians can expect from the property market in 2024.

It has been a challenging year for mortgage holders, renters and landlords as six rate rises increased pressure on budgets and pushed Australians to their financial limits.

Estimates that homeowners were heading towards an ominous “mortgage cliff” have so far proven untrue despite a gloomy outlook for the national economy and property prices don’t appear to be any closer to plummeting.

Ray White chief economist Nerida Conisbee, Suburbtrends.com.au founder Kent Lardner and PropTrack’s Economic Research executive manager Cameron Kusher have all weighed in on what they think Aussies can expect to see in the property market in 2024.

Will property prices surge?

Property data analyst Kent Lardner is the brains behind suburbtrends.com.au and has spent the best of two decades surveying property trends across the country.

He said predicting property prices in the last six months has been “very difficult” and it’s only going to get more unpredictable in the new year.

Looking at current trends, Mr Lardner said properties in some regions where prices fell a “little bit too much” during the pandemic have started to climb again this year, and

Don’t rush to rent – choosing the right student property – News

The first semester is well under way and hopefully you’ve started settling into university life. Around now, it’s usual to start thinking about securing your accommodation for next year.

While it can be a good idea to secure your student accommodation for next year as early as possible, being hasty can have some pitfalls so it’s important to make these decisions carefully.

Tenancy agreements are legally binding, and once you have signed one there’s no guarantee that you’ll be able to cancel it if your circumstances change.

Here’s some tips to get your accommodation choice right:

Don’t be pressured by friends or accommodation providers. Get to know your friends properly to make sure you’ll be happy living together for another year. Some landlords, agents or halls may encourage you to sign a tenancy straight away but don’t feel pressured – look at all of your options, you may find a better deal. If you are undecided or want more time to think, do what is right for you.
View a range of properties and take your time. Seeing multiple properties will help you to understand the range that’s on offer, and help you to compare prices, facilities and the overall

Analysis reveals Limassol top of the props

An analysis reveals that Limassol is top of props offering the highest rental yields of 7.8% for two-bedroom apartments and the island’s highest market values of the properties analysed.

Speaking to Cyprus Property News, Dr Charalambos Pitros PhD MRICS, Managing Partner at Zyprus Property Group, said the Group’s analysis was based on data published by the Cyprus Central Bank in its Residential Property Price Indices.

The figures, presented in the table below, represent resale properties between 10 and 13 years old in average condition, in an average area, and of an average size, ie:

One-bedroom apartment 50sqm internal area.
Two-bedroom apartment 80sqm internal area.
Three-bedroom detached house 180sqm internal area on a plot size of 500sqm.

The Zyprus analysis reveals that Limassol is top of the props offering a rental yield of 7.8% for a one-bedroom apartment and a year-on-year increase in market value of 10.4% for both one-bedroom and two-bedroom apartments. An average three-bedroom house in Limassol would set you back €550,000.

The property market in Limassol has been boosted by an influx of Russian and Ukrainian firms fleeing the wartime conditions, while it seems Israeli investors have also helped to drive up prices and rents.

Market values for

Landlord’s frustration at bad tenants as industry warns against rental caps, freezes

Sandy Dennis is a lifelong Greens voter and environmentalist.

But 30 years as a landlord, 10 of those in Perth, have left her conflicted between the Greens’ tenets of “giving renters a fair go” in “sustainable, quality housing”, and being “burnt” by another bad tenant.

Ms Dennis has gone through five tenants in the past 10 years.

All but one, she said, had either skipped rent, run a methylamphetamine kitchen, failed to clean the house, or left it damaged.

“I had one lady who left the house immaculate, and she was a wonderful tenant but had to go to Queensland,” she said.

“All others have taken off, done a midnight blitz,” she said.

She said they had taken possessions and not left a forwarding address.

“I won’t take anyone who is on social security anymore and I feel bad about that,” she said.

“But four of my tenants have been on social security for one reason or another.

“They have all

Private and public housing rentals slow down, expected to stabilize next year

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Sydney rents reach record highs as units jump $130 per week over a year

She said the rental market was tight because of strong demand from locals priced out of buying, an increase in single-person households, surging migration and an inelastic and ongoing shortfall of rental properties.

Impact Economics and Policy lead economist Dr Angela Jackson said a fundamental lack of available rental properties was the cause of record rents in Sydney.

“Overall it’s driven by low vacancy rates. “What that means is there aren’t enough properties and there’s too much competition and that’s driving higher rents across the board,” Jackson said.

She said the city will be unable to house critical workers.

“For those on low incomes, and probably even middle incomes, [it will mean] increasing levels of financial stress and not being able to afford other things, including health, food and education,” Jackson said.

Other experts have warned the rental crisis will lead to increasing inequality and homelessness.

“It’s causing widespread financial stress at the moment and economic hardship and undermining economic growth,” Jackson said.

Justin Wilkes and his partner applied for multiple rental properties on the northern beaches, where unit rents jumped 3.6 per cent in the past quarter to $725, but never heard back. It was only when the 35-year-old