Ten years too late? Young house seekers are priced out. Photo: DutchNews.nl The papers are full of news about house price movements, new political drives and house building plans. Senay Boztas finds out what it all means for young people searching for a home in the Netherlands. Djuri van Leeuwen has just moved out of…
Rent Out Property
Choose the right property. Not all properties are created equal when it comes to renting them out. You’ll want to choose a property that is in a good location and that is well-maintained. This will help ensure that your tenants are happy and that they stay for a long time.
Investors ‘crowding out’ first-time homebuyers in London: Expert
Breadcrumb Trail Links Local News London has become a big magnet for real estate investors, who own about a third of all housing in the city and are scooping up entry-level properties, a new study show. Published February 21, 2023 • Last updated 1 week ago • 3 minute read 25 Comments For sale signs…
Share houses make a comeback as the rental crisis continues and people lease out spare rooms
The demand for share houses is back to pre-pandemic levels as vacancy rates sit at historic lows, according to data from a flatmates listing service owned by property website REA Group. But the data also shows that in many key suburbs, moving in with a flatmate is not a cheap alternative to living alone. And…
South Korea’s ‘jeonse’ rent-free renters hit by property downturn
SEOUL, Feb 21 (Reuters) – A downturn in South Korea’s home prices is causing pain in the country’s unusual rent-free rental system that benefited landlords and tenants alike during a long surge in residential property prices. In the “jeonse” scheme, tenants put up a deposit typically worth as much as 70% of the home’s value,…
The condo owner must also pay up for tenant’s disruptive behavior, the tribunal said
A recent ruling by an Ontario tribunal should serve as a warning to condo owners who rent out their units that they could be left with a big bill if they don’t take action against problem tenants. In a Feb. 10 decisions, the Condominium Authority Tribunal (CAT) found both a tenant and condo owner jointly…
The ethics of home ownership in an age of growing inequality
For many Americans today, home ownership is an unattainable dream. In 2022, the average long-term US mortgage rate rose to 7% for the first time in more than two decades. The median sales price of existing homes rose to a record US$416,000 while demand for mortgages dropped to a 25-year low. Experts forecast a turnaround…
New Brunswick tenants by the hundreds adjust to life under new landlords
Jaclyn Reinhart has lived with her two children in a three-bedroom duplex on the east side of Saint John since 2018. It used to belong to a local landlord, but last year the building sold to new owners in Coquitlam, BC. Last month, Reinhart received notice his lease was being terminated. “It’s one of the…
Portugal Could Force Property Owners to Rent Out Vacant Homes
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It’s completely free and we guarantee you’ll learn something new every day. The Portuguese have a saying that goes “Each monkey to its own branch,” but the government has a problem with empty branches. Portugal’s Ministry of Infrastructure and Housing…
How to Increase Your Rental Income
by Karen Ngan and Alex Bogdan The average rent for an apartment in Greater Vancouver is on the rise, and if you are a developer or landlord, it is important to know what opportunities and limitations are present when increasing your rent. Developers and landlords of residential properties in BC may raise their rent once…
Frustrated renters buy $3.8m terrace house
Was it overpriced? No. It was right on. What did you think it would go for? I thought it would go in the high threes. What was surprising about it? It was sold to someone initially looking for a rental. You wouldn’t think you would put a $3.8 million house on the market, and it…