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Home»The science»How much is the rental of elite real estate in Europe

How much is the rental of elite real estate in Europe

April 19, 2019

Rent of real estate at many resorts in Europe is noticeably reduced in price. Experts note the fall in the rental prices of elite real estate in Portugal and Greece, and in Spain prices are sometimes even reduced by 30%. Especially in this regard, Andalusia is surprising, where the cost of housing was reduced by 32% compared to 2010. True, a noticeable decrease in the cost of rental housing was not noted throughout Spain. In Valencia and Malaga, for example, prices are rising. In addition, this trend did not at all affect the market of elite real estate, so this segment notes a certain stability, there are no jumps and falls. Elite housing in resort areas for owners always brought considerable income. Such income on average is noted at the level of 7% per annum. Moreover, the cost of rent does not fall even in the difficult crisis years, and the owners in difficult periods still continue to make a profit. The cost of renting real estate directly depends on the season. From April to August, prices are rising, then they begin to fall again. So, the villa on Corsica with an area of ​​approximately 350 kV. m. You can rent in April for 3,600 euros in seven days, and in August such a villa is estimated at 10,000 euros. More acceptable prices in Cyprus, here a weekly accommodation on a comfortable villa will cost 2,000-3,500 euros, and we are talking about the high season. In addition to these countries, our compatriots often visit the south of France and Italy. In these countries, villas are estimated on average from 3,800 to 8,500 euros, depending on the season and area of ​​the room.

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The cost of premium housing in the center of London reached its maximum the cost of premium housing in the center of London reached its maximum reached the price characteristics of elite housing in the center of London in July 9.6% in comparison with similar indicators of July 2010. In the rest of the UK, in general, prices have decreased. According to Knight Frank, in just one month, London premium housing has grown in price by 0.7% to the maximum value. The cost of renting housing of this level also increased by 0.3%, which is also the largest indicator. In addition, rental rates on business class housing are 1% exceeded the maximum rates of March 2008. The peak value of growth in the past six months has been recorded in the areas of Mayfair (7.2%) and Chelsea (7.7%). At the same time, the other area of ​​the capital – Belgravia distinguished himself the largest increase in the size of the rental rates over the past three months – they increased by 1.8%.According to experts, such indicators of the development of the business class real estate market in the center of the British capital are achieved only due to a deficit of the proposal of collapsible modules, as well as due to foreign investments. In addition, real estate experts advise customers to take a closer look at housing in other areas of London. For example, in the southwest of the metropolis, the rental cost has already risen by 6.9%, and the purchase prices of apartments also increased by 1.7%.

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