floor the property is inhabited in the majority by the owners. In a low interest rate environment that provides little safe investment alternatives with returns that are the property of chosen flats but often used as Investment. Some Private consider the purchase of a condominium unit, as a pension. You want to use the apartment after Retirement as a retirement residence. To tie up money in apartments for rent, carries with it risks. In addition, the freedom of use is restricted.
In the Promotion of new apartments close to the companies confirm that a substantial proportion of the new floor is bought units as an investment (Buy-to-Let) and to live not to themselves. According to estimation of UBS, the share of loan applications for such apartments since the end of 2012 between 18 and 20 percent.
Close calculation
The big money with an apartment for rent not do, even if it is a single apartment. The net yield is estimated to UBS, 2 to 3 percent. That is more than bonds and risk-free government yield bonds currently, but the effort and the risk worthwhile. Experts assume that the economy adjusts from five to six apartments, since the administrative expenses are optimized and the revenue risk will be reduced by vacancy. In addition, the rental income is taxed as income.
a Huge Surplus of apartments (please click to Enlarge).
Something more advantageous, the yield on the invoice, if cheap Altliegenschaften through investments to upgrade and so on can be rented. A loss of rent, that is a yield to free Phase during the conversion time, is to factor in each case.
you can Also use a safety buffer against a rise in Interest rates or against a vacancy will not be offered with the currently low yields. By 2020 is unlikely to hike interest rates, but housing is a long-term Investment. Numerous market observers, most recently as Partner, Wüest predict an increase in the vacancy rate in rental housing, there continues to be (to?) there is a lot of built. In addition, a higher vacancy rate puts Rents and, therefore, the revenue page of the “evening landlord” under pressure. Wüest Partner expects that in 2019 with a rental rate decrease of 1.9 percent. The property – which is after the long Boom realistic decreases in the market value, you must calculate the owner’s income so that the lender calls for a faster mortgage amortization.
Large regional differences in the empty housing stock (please click to Enlarge).
knowledge of tenancy law are required for a successful role as a landlord is essential. In the rent, the mortgage interest rate, the interest on the capital, but also maintenance, amortisation, taxes and insurance are taken into account. In addition to costs are to be listed in the rental agreement. They are not the same with the additional cost of the floor unit: renewal Fund, building insurance and property taxes may not be charged to the tenant, they must be included in the rent.
rules
with the purchase of a condominium, the buyer will be part of a community of owners. Its regulations and decisions are binding. About a buyer to a community, which has already approved a renovation, joins he is bound to the decision and must accept its share of the costs.
in Addition, a decision of the owner community of the freedom of use limits. An example of a Federal court judgment on the subject of Airbnb. The daughter of an owner leased an apartment regularly to holiday guests, the common areas like swimming pool or gym used. The did not want to tolerate the other owners, and decided at an owner meeting a rules change by a two-thirds majority. The apartment owner challenged the decision, since a change of Purpose unanimity. The Federal court is different: It does not judge that the existing regulations allow use with busy customer traffic. The adopted Amendment was a clarification, which would not have been necessary. (“Finanz & Wirtschaft”) ()
Created: 16.04.2019, 17:11 PM
