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I saw some media-manipulated story on real-estate prices. You really cannot go by what some papers say since each industry has become media-savvy and knows how to pull strings. Projection is everything in certain quarters. Not good to bitch, now that I have left the trade, but journalists in the business papers specially are given tonnes of carrots by PRs and industry-leaders. Big-time gifts. Once you accept all that how much can u write honestly?? Any case that's not my bizness any more. House-hunting for someone else I found that some interesting things: that since real-estate prices are dipping, thanks to recession and no takers, builders are holding on to property and
- preferring to give out plum property on leases. This way some money (good money) is being made while they will wait for the tide to turn.
- In fact, the rent, somebody tells me, is likely to dip even further, by 25 per cent maybe. So, if you are looking for a premise on rent and if your business allows you to wait, you can get into contracts with those buildings still under construction and six months down the line know you got yourself a deal.
- owners are ready to step back from the earlier insistence on a year's rent as deposit amount. They are ok with five to six months.. since companies are unwilling to shell out such big money any more...
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1 comment:
interesting ...but surprising its not a fact in my side of the town.........its business as usual for landlords and rentees...yeah business is not same for selling of properties........
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