Housing investments have always been the most profitable time of the fall in markets, but falls to them - so many financial experts say. "Catch" this "instant success" is not given to everyone, even a professional broker. At the level of narrow-minded investment in homes and apartments look "most beautiful", but in fact they are not as profitable. What housing and where payback faster - this is the real estate market experts say. It would seem as simple as that - to save money, buy an apartment house under construction, redecorate, lease and - everything. Next in the fantasies of most people who do not have these opportunities, draw a picture of palm trees, oceans and other pleasures of life at the expense of rent. This is partly because - for helping out on the rental money is really possible to live. Question - how to live and a place to live. And most importantly - how long protracted process of returning spent on real estate funds. "No country in the world do not have such high prices in comparison with per capita income, as in ours. That is why calculating payback and benefit from rent rather difficult, "Payback - one of the main criteria for any business and the acquisition of real estate - is also a business, with a very specific and complicated. According to specialists IntermarkSavills, buying a home in Moscow, followed by the surrender of his lease - not the most profitable investment of their funds, as it takes on average about 27 years. Director of the department of real estate sales company Penny Lane Realty Alexander Zima believes that the capital payback period of the rental apartments ranging from 13 to 24 years, on average - 20 years, and luxury housing pays off more slowly than housing both in business and economy class. This expert reported, "RIA-Novosti." In other countries, as is easily seen, using the most simple, "rustic" formula return (the ratio of purchase price to the annual income from her rental), you can find much more interesting "real estate" investment options available funds. An example of the relation of "money-money accommodation," can be illustrated by a 1-room apartments of 38 "squares." According to specialists, "Inkom Real Estate" in July 2011, the average cost of hiring an economy class one-room apartment in the capital of Russia amounted to 28.2 thousand rubles a month, and the cost per square meter on average, 137.3 thousand rubles. That is, return on investment was slightly less than 16 years. "Of course, the starting point is the cost per square meter - says" LOOK-Real Estate "CEO of the consulting agency" B.I.P.I. "Arthur Golovanov. - But we must take into account the taxes that landlords all over the world are paying as opposed to Russia. Tax on rental housing equated in Europe, such as income, so can "eat" up to 20% from those obtained from the sums collected from home. Today, the "old continent" is considered a good income in the calculation of the amount of 5-8% of the purchase price per year. Thus, on average, we can say that the apartments in Germany, Holland, Belgium, Austria, France pays off for 14-17 years. " If you do not take into account the difficulty with the delivery of housing for rent (seasonality, spending on repairs and maintenance, etc.), the picture with rental of the world looks so. The most similar situation with the return on investment in property in Bulgaria. For example, in Varna cost of a "square" in the middle of a thousand euros, one-bedroom apartment in a 35-40 square meters worth 35-40 thousand euro (about 1.4 - 1.6 million). Pass the same object may not be an expensive 200 euros per month. Accordingly, the payback period is 15-17 years. Latvia. According to the company Ekocentrs, who leads "the RIA-Novosti," an apartment in a residential area of Riga can be bought for 600-700 euros per square meter, or 23 - 26.5 thousand euros for the 38-meter one-bedroom apartment (an average of exactly 1 million rubles). Rental rates for this apartment will vary between 100-150 euros, and return on investment ranges from 14 to 20 years, which is close to Moscow's performance or even slightly lower. Here, plus another - in the value of commercial property, which is lower than in Moscow is almost 5 times. Of Cyprus. According to the Cypriot company Veskip Properties, now in Limassol, 100 meters from the sea, sold the 39-meter apartment for 62 thousand euros (2.5 million rubles), which corresponds to 1.5 thousand euros per square meter. Pass such apartments can be in the 400-600 Euro, which means that they can be recouped in 8.5 - 13 years. In Spain, a square meter on the coast now costs an average of 1.7 - 2 thousand euros, in large cities, especially in the most expensive Barcelona and Madrid - 3 - 3,5 thousand euros. Villa near the sea is about 300-350 thousand euros (200-250 square feet). You can rent from May to October for 1.5 thousand euros per month, in other months of the year - for 0.5 - 0.8 thousand euros. Totally at home really earn about 14-16 thousand euros, excluding taxes. Payback home is about 22-24 years. From urban apartments situation a little better - return on investment does not exceed 17 years. Today, however, these figures are quite arbitrary, since the real estate market is in crisis, and came the landlord is not the best of times. Faster residential investment pays off in Egypt and Panama. Average cost of 1-room apartment in Hurghada is 25-30 thousand dollars (about 700-850 thousand rubles). Rental rate - about $ 250 a month, that is, return of 7.5 -9 years. In Panama, the prices are quite high, as foreigners interested only new housing, which distinguishes itself with its specific characteristics and high quality building materials and finishes. 1-bedroom apartments in new residential complex, a skyscraper next to the ocean (about 45-50 meters) is now the order of 130-140 thousand dollars. The lease is for rent on 1.2 - 1.5 thousand dollars per month. Money invested in the purchase of an apartment in this country, come back in less than 10 years. "You can see that even in developed countries - Germany, Spain or in the spa oasis cost per square meter is much lower than in Moscow, - says" LOOK-Real Estate "director of consulting company" System Communications "Gennady Ovchinnikov. - Of course, in the capitals of housing is always expensive and more expensive than anywhere else, but no country in the world do not have such high prices in comparison with per capita income, as in ours. That's why calculate payback and benefit from rental housing is difficult because of its mass is not available. " According to some respondents' LOOK-real estate "market experts, with such a long term return on investment in rental housing in Russia is easier to put money in a deposit account in a bank: profits today may be up to 10% per annum, then there will be higher by almost 1.5 time. In addition to difficulties with hold housing tenant in the form of reliable, expensive repairs in the intervals between them, according to property owner strongly beats and a tax on personal income (PIT). Indeed, in most foreign countries, this tax is paid not to the total income (ie gross income), as in Russia, and the difference between income and expenditure (ie net income). At the same time spending can be attributed almost all of the costs of maintenance of real estate. Capital market experts believe that the main motivation for investing in housing is the hope of rising prices for "squares". Plans to profit from renting it out are only those who have not invested in their own apartments, "real" money, and got shelter in an inheritance or as a result of exchange of a large apartment to a smaller, acquired. Director, Department of Residential Real Estate Chesterton Ekaterina Thain in an interview, "RIA-Novosti" reported another interesting and sad because of her lack of detail in Russia. In Europe, many earn their living by playing on the difference between the cost of a mortgage, obtained for the acquisition of property and income derived from its lease. Reason is very simple - very low mortgage rates - at 3.5 - 4.5% per annum. On the level of the Russian mortgage rates on such income can not count.
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