4 ms·
With a 20% market increase in a year, you don't have to rent it. Renting a property out always comes with hassle. Many countries have tenant's rights that kick
by algesten 4y ago
With a 20% market increase in a year, you don't have to rent it. Renting a property out always comes with hassle. Many countries have tenant's rights that kick in after a period of time.
I live in Barcelona, and the rental market is crazy. Technically I should be allowed to sign a contract for 5 years, but because of the rights that kick in after 12 months, there's a ton of landlords that only want to offer 11 month contracts.
- searchableguy 4y ago> I live in Barcelona, and the rental market is crazy. Technically I should be allowed to sign a contract for 5 years, but because of the rights that kick in after 12 months, there's a ton of landlords that only want to offer 11 month contracts. Same situation in India. The rental yield is low, taxes are high, compliance is time consuming, and there is lack of legal framework in cases of disputes. A court case will take a decade to resolve if the tenant claims the property. The only solution I can see is government provide incentives and security against tenant for landlords or government gets into business of renting by building houses.
- Ekaros 4y agoIf market increases 20% a year clearly there isn't enough being build. Housing really shouldn't be appreciating asset, maybe stay in line with inflation and improved quality, but 20% a year is unsustainable.