Properties with a remote control

Outside of real estate is sold today much as ever. Entice buyers, sellers promise that "if needed you can easily turn in their property." Approval, to put it mildly, controversial: to rent - a very troublesome work. And the income from it can be much lower than expected. Rent it? The thesis that "any real property may be leased," is proving to be not quite so fair. Take, for example, familiar to everyone, "ready-gap 'houses in suburban areas of six acres in the suburbs. To take their only possible in the summer, the remaining nine months as they do not give in principle, for any money. "To give up a good object, you need a combination of many factors - says Renata Matyas, head of foreign real estate company IntermarkSavills. - This property location, proximity to the sea (if it is a resort on the coast), the availability of infrastructure around: for a man, which removes a short time the house or apartment, the comfort is very important. " When buying a property for the purpose of the lease must be especially careful to treat it. It would be nice to explore the real situation in advance of the lease. In practice, unfortunately, are often different. "A lot of people bought property in another country, not knowing the local realities," - said Tatiana Stashkevich, head of the suburban real estate corporation "Reskor." Often the purchase was made at an inflated price, or conversely, very cheap, when the subject had pronounced defects and deliver everything they want, focusing on the highest price, underlines Stashkevich. It is a typical example: the house is in the 1.5-2 km from the sea, and its owner for some reason believes that the rent for it is the same as for housing within walking distance of the beach. We consider it right! Classical calculation of the profitability of rent: to divide the monthly rental rate on the price at which the property was purchased. Take, for example, again, the realities of Moscow: one-bedroom apartment can be bought for 4 million rubles., Rent - 20 thousand per month is obtained by 0.5% per year, respectively, 6%. But such an approach, unfortunately, too approximate: there are a lot of corrective factors, and they are not in favor of the investor. For example, the income tax. In Russia it is sometimes paid, sometimes not, but on the Herculean efforts of tax authorities for the removal of landlords out of the shadows in recent years says a lot. It is clear that somewhere in Germany do not pay taxes is simply impossible, especially a foreigner. "In most European countries, the tax amounts to 15-20% of the profits", - says Julia Titova, head of foreign real estate corporation "Best Real Estate." Also do not forget that all countries have taxes on the purchase of real estate (2 to 10%), notary fees when buying property (1 to 7% of property value), annual taxes (from 0 to 2%), the cost of maintenance and utilities. In some countries, compulsory insurance of real estate, if it was purchased with a mortgage. The situation is complicated by the fact that different countries have different traditions. For example, in Cyprus for electricity and water paid by tenant, and in Spain - the landlord, as noted by Julia Titova. In general, a potential investor needs at least a good look into all these nuances. We find the council Fortunately, there is a special kind of services - asset management. This is when a local firm takes all the hassle of renting of real estate - of course, for a fee. Many developers already understand the attractiveness of this option for customers and offer it at once. "Very often when entering the market of a project this was already laid out the developer - says Renata Matyas. - I would advise to pay attention on such projects. Often, the buyer immediately offered a fixed rental income, which is very convenient. Typically, this issue is thought to resort areas popular tourist destinations such as Turkey, Bulgaria, Montenegro, Croatia, Spain, Greece and Cyprus. " Just how clearly and responsibly will run the management company depends primarily on the country. In Western Europe or North America, all these schemes exist for many decades, there are well-planned and tightly built, said Natalia Vetlugina, head of analytical department of "New Town". So that "surprises" will not. But when it comes to some other countries (eg Eastern Europe), then there may be faced with the same "nuance," as we have. So, to sort things out, have some time to live in the country. A similar view is held and Julia Titova: in her words, the market for firms engaged in asset management, well developed in the "old" EU countries. In countries - new EU member states are already significantly worse, and the candidates - very bad. But if you buy a property through properly operating company in Moscow - you can always recommend the company to offer services themselves, or after-sales service. Where is the warranty? The question is very complicated and bulky - it is clearly impossible to cover in one article. Moreover, all countries are different, and everywhere the traditions of this business. As some kind of universal recommendations can only give one: before signing a contract must consult with the lawyers of the country where the property is located. And not with the experts of the management company, which by definition are interested parties, as well as independent experts. Just a precaution to help avoid future problems. While asset management is not very much in demand by our customers. As noted by Natalia Vetlugina, this is due mainly to the fact that the foreign real estate is not seen as an instrument of earnings. It is not available to the poor, the rich prefer something else that brings a far greater income. A flat or house abroad - it's beautiful "toy" for your own use. But in the long term the market will clearly evolve - so, anyway, going on all over the world. Source: The owner, by Vasily Andreev