Tag Archives: real estate

Asset Management

Holiday Property brings a host of not only several hundred dollars a month, but additional concern: how would the tenants have not spoiled furniture not moved out without paying long-distance calls, time to pay the rent, etc. The essence of rental apartments through asset management lies in the fact that the man who wants to hand over his apartment, puts the care of the lease on the agency. In the usual hiring apartments agency acts as an intermediary, whose duties include a search for the employer. When fiduciary duties of the agency wider range of services depends on the desires of the owner. The firm not only deals with finding a tenant, develops and concludes contract with him, but charges a monthly fee for accommodation, transfers it to the owner of the apartment, takes on the observance of the procedure in the apartment, the timely payment of utility bills, long distance phone calls. On request the landlord can make repairs in an apartment, buy on credit furniture, household appliances at its own expense, subject to further settlement spent on this amount from the rent. Services Agency in this case would cost the owner apartments more expensive than in simple mediation.

Size of agency commission – 10 – 20% of the rent each month. Not all apartments makes sense to trust. Cheap accommodation advantageous to take the usual way. On the other hand, dveritelnoe management and leasing expensive elite apartments in Moscow is not so preferable for realtors as well as increased responsibility for them. Best be conveyed in trust with the apartment rental.

Property Prices

Economist from the University of Barcelona Gontsalo Bernardos (Gonzalo Bernardos) believes that this year the number of property sales in Spain will be higher than in the past (2008) year. In his view, the real estate market starts to recover already this year, despite official predictions, to which he is skeptical. As proof, Bernardos cites a number of reasons, which can help to restore the property market in Spain: 1. Lowering interest Mortgage 2. Prices of some objects, taking into account discounts, approached the level of 2003, 3. There is a return to investors; 4. Buyers deferring purchases and tenants are returning to the market to purchase real estate in property. Despite the fact that official statistics show that housing prices in Spain in 2008 decreased by 29%, Mr.

Bernardos gives a figure of 20%. Moreover, he said that in the first quarter of this year sales have grown by 25-30% in comparison with the same period in 2008. The main reason for the increase in demand professor sees a drop in interest rates by 40 percent – from 6.25% in September 2008 to 3.25% currently. Another positive factor has been named the growth of launching new projects related to real estate in Spain. The number of such projects increased in the last quarter of 2008 by 7% the previous quarter. Summing up, Bernardos warned that despite the positive news and forecasts, a jump in real estate prices in Spain in the next two years is expected.

Increased sales will grow in 2009 and reached normal levels by the end of next year, when the market will form the new prices and falling house prices in the whole of Spain will cease. We also recall that in early March this year, we wrote about the fact that in Spain have begun merger talks large regional savings banks. The purpose of these associations (with support from the authorities of Spain) was to create a stable financial institution with high purchasing power and stability to the financial storms. Thanks koservativnoy investment policies and strict regulation, most of the Spanish banks to survive the first eighteen months of global financial crisis without major failures and government intervention.