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luxury apartment in edinburgh for rent

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edinburghflats1
luxury apartment in edinburgh for rent

As home prices skyrocket, a good portion of the population cannot compete in a home or condo purchase. This is where the rental market was born, and today it is a fast growing and dynamic industry.

 

luxury apartment in edinburgh for rent This 2021 rental housing market report reveals market trends, demographics, business challenges, rent yields/returns, and where the opportunities might be for investors and landlords. Info is draw from numerous credible sources including Zumper, Harvard University, Freddie Mac, Apartmentlist, Attom Data, PWC, Urban Land Institute, Census.gov and others.

 

luxury apartment in edinburgh for rent While research and survey sources vary in their estimates you can round of the figures and come to some reasonable conclusions for you particular use When the rental housing market failed last May, the government leaned heavily on all landlords to pay the bills while tenants and mortgage banks trembled in fear. We all discovered how important local landlords are to communities and local economies.

 

While big real estate corporations received infusions of stimulus cash, small landlords found rent default was a problem and receiving stimulus funds themselves to be difficult. Many of them reported selling condos, apartments etc., at a discount to to cash rich buyers.

 

Despite an unfair playing field, it is likely small real estate investors and small business landlords will find a way to buy rental income properties and flourish in 2021, 2022 and the next 5 years. We’ve learned that for some, being rental landlords is a business not a hobby and new solutions will help. The 2021 PWC/Urban Land Institute report makes these recommendations about which types of properties to buy or sell, in the graphic below.

 

 The belief is that schools will return to in person classes.  Demand for luxury level student housing for wealthy foreigners may not be similarly impacted.

 

And those landlords who improve their amenities and services, to create the best renter experience possible, will see their rentals in higher demand and likely enjoying higher rent prices.

 

Single family and moderate income apartments are where the big demand is and accordingly, recommendations are to buy or hold those properties.  High density apartments are seeing lower vacancy rates as vaccinations increase and workers return to the cities to work.

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