The Real Myths of Real Estate Business
The prices put on real estate properties for sale world-wide have encountered an amazing outbreak the last couple of years.
The reasons for this historical outbreak are actually a mix of favorable circumstances, such as: the physical absence of housing projects, the profitability of properties via lower interest rates and extension of loaning period, the politics of real estate transactions leaning towards an excessive restrictive attitude.
The real estate market has gradually become an interesting environment while the potential buyers compete one against each other, in order not to lose important properties. However, the recent pricing outbreak is responsible for numerous ideas that influence choices in real estate transactions, but some of them aren’t entirely true.
1. Closed kitchens are over-rated, as nowadays people prefer the American type kitchens.
Actually, it depends. When it comes to closed or opened kitchens, certain characteristics of the real estate properties for sale, like the total surface of the apartment and the number of rooms play an important part in the decisional process.
Researches on the real estate market reveal that apartments with 4 rooms are easily rented because they have an opened cuisine rather than a closed one. This is not the case of apartments with two rooms: the closed kitchen (if preferred) acts as a supplementary room, alongside the living room and the bedroom. An apartment with 3 rooms that has an opened kitchen finally reduces the number of rooms available at 2.
2. If the situation seems advantageous, people will rent an apartment, no matter the price.
It is actually, at least when it comes to big urban centers. Rumor has it that during the past 5 years, the limit of the rental price in Suisse for instance could even reach 15.000 euros. People are ready to pay this kind of price in privileged parts of the country, especially in the German and Italian regions.
The city of Zoug is clearly in top most expensive rentals, succeeded by the center city of Genève, the 5th arrondissement of Zurich and the Kunsnacht commune. The most expensive apartments could have a panoramic view towards the lake of Zurich, the Leman, the lake of Quatre-Cantons and places are occupied within 2 days or a couple of months at most. However, only 1% of the total clients of a real estate agency in Suisse can afford to rent an apartment for more than 4000 euros per month.
3. The state of an apartment is more important than an apartment that has a bigger surface and comes at the same price with the first type.
It is incredibly true. The information available on real estate sites like Businesses-properties.com confirm that verifying the physical state of an apartment is a true fact of the real estate market.
Even if a bigger apartment gets to be rented in a less favorable environment, a smaller apartment at the same price will be rented faster. Only the 2-room apartments have their own evolution, because they are rare and therefore sought-after. Moreover, if a single person rents a 2-room apartment, the surface doesn’t even matter.