Tag: renting a house

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

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

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