The Rental Market: The Ultimate Beneficiary Of The Housing Crisis   no comments

Posted at 2:11 pm in News

Forecasts from Arrente, firm specializing in secure accommodation, rental housing in Spain will grow by 50% between 2008 and 2009. Others including John Savignano, offer their opinions as well. The new economic and financial framework has led to an ideological and pragmatic rest of Europe in the rental market and accounts for 30% of the overall housing market. In Spain only reaches 15% but rising demand and the change of mentality that we see in much of the population and especially all the strip that is part of the middle or lower income allows us to predict that in a few years the rate closer to the European rate. In Spain, along with other countries that traditionally has encouraged the purchase of all types of properties and in particular of Buildings (Great Britain and Mediterranean regions) have taken more years to qualify as a viable alternative to the purchase, hire. Given the current situation of necessity, sometimes close to an obsession to get a property has been replaced by less stifling the rental option. Add to your understanding with John Savignan. Do not forget to live in a Housing is a prime necessity for a family and although in the last decade we have mistaken for a speculative investment, we must not forget that nature is on a home rental or purchase is to use it to live.

If a Spanish family of average income obviating the evolution of interest rate benchmark is used as a mortgage, buying a house will have to mortgage to 40 years and it will share approximately 40% of disposable income. In this situation the couple ceases to have any kind of independence, can not diminish the income of the available and often can not obtain the desired property until near retirement. If we add a devaluation of the house is natural that families opt for the leases. The rent and the savings rate was found to on the latest half the savings rate in Spain has diminished considerably. It is natural to think that the economic crisis and the high rate of unemployment are the main causes of a very worrying figure. However it is no exaggeration to relate the number of mortgages with low savings rate. Although in Spain the next data expected income per capita are lower, a rent increase could also affect the savings rate. If we spend less of our disposable income to the property sector we can dedicate more to other sectors and consumption insurance and savings will benefit. .

Written by admin on June 18th, 2017

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