Today more and more people seek the services of a real estate expert to assist in the purchase, sale and rent of their homes, either for investment or housing.
A real estate transaction is complex, requires experience and technical knowledge to be completed successfully.
Rental is now between 50% and 60% of transactions being very interesting both for the real estate companies and the investors who buy properties to put on the rental market.
It is on the subrubs of the cities that are the most competitive rent prices, where the average rent is between 300 and 500 euros per month in Portugal, predominantly lower values.
Some owners still have the tendency to manage the transactions by themselves but end up losing the time they take to be able to make the transaction. Some tenants still seeking information from neighbors and friends lease it to a house which leads to fall in illegal situations.
The intervention speed of a rela estate consultant puts the property to yield faster due to the network sharing in real estate companies. The property is promoted locally, nationally and internationally . At the end, compensates to pay mediation commission. The months when the house is on vacancy just gives loss.
There has been a decrease in the purchase and sale due to the complexity of processes and access to bank loans, increasing the number of transactions with disapproval access to loans. Average values of transactions has dropped around 15%, indicator that shows that property prices felt.
On the other hand, you sell cheaper but also buy cheaper, so swap an house is roughly equivalent to situations in which the market was high.
The economic and financial constraints, rising unemployment, increasing job mobility are factors that have contributed to boost the rental market.
Most homes are rented in between one and three months, taking the remaining more than four months to get rented. In the first case, the intervention of a good real estate consultant to help establish an appropriate market price through a comparative market analysis (CMA) is a very important investment.
The average time of occupancy by the tenant varies from one year to three years in most situations and between six months and one year for the remaining cases, and again it is very important the role of the real estate consultant in selecting and filtering potential tenants.
There was an increase in the rental market in the previous year in Portugal. The offer is keeping up with demand.
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