Tag: tips for renting a house

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,

Tips For Investing In Short-Term Rentals In Dubai

Cofounder at UpperKey. Passionate about property management, real estate investments, proptech and driving international business growth.

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There are a number of reasons investors might consider real estate investments in Dubai. With individuals not being subject to taxes on their income from real estate, a steady stream of visitors (especially during the winter season) and the global short-term rental market expected to grow, Dubai could offer plenty of opportunities for high-yield returns in the short-term rental market.

Through my company’s operations in Dubai, I’ve seen that as a luxury location, there’s a range of markets to satisfy. If you don’t have the capital to tap into the high-end visitor market, there are plenty of alternatives to attract visitors who want a taste of the high life on a more sensible budget.

Dubai is also a popular place to do business. Whether you’re providing short-term business or conference venues, commercial opportunities or accommodations, its tax-free income legislation can make the city an attractive option.

Options For Breaking Into The Market

Here are 10 ways to break into the market for those considering expanding into short-term rentals in Dubai.

1. Look outside ‘prime’ locations. If you have the funds and the

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