According to statistical data, this is the best time for rent bargaining, you know?
In a period of general uncertainty, such as the one we are experiencing, it would seem appropriate to invest. Not so much on the purchase of real estate. As they are easily influenced by the policies in a given country. As much as on rents. In today’s column, we will show you how the global rental market is changing. So if you are interested in this topic or if someone wants to invest in a lease… the solution is in the next few lines. So if you are also ready, we can start our mini guide today. Obviously, signed by Realigro!
To captain this propitious moment for the signing of leases, the wonderful New York. In the previous guides, it was clear that the most famous streets of the city have been stormed by the Covid emergency. Closed premises, stand-by activities and luxury shops with the shutters down. However, the rental market also came down. In particular, Manhattan sees an 11% slump. One of the most worrying collapses in American history. On the other hand, the situation regarding the purchase of single-family homes with green spaces is diametrically opposed. Increased by 17%.
An important fall is that of the city of San Francisco. Let’s start with the monthly rental prices. The average price is about $2,270. A decrease that leaves you stunned, especially if you refer to the beauty and notoriety that characterize the city. Would you like to know how much the fall corresponds to in percentage terms? To 31 % !
Who says Canada, says serenity! So why not haggle over Canadian rents at a good time like this? In a country that represents the emblem of tranquillity, the fall in rental prices has reached 14%. This is the situation in Toronto. The Canadian financial centre par excellence. It is also assumed that prices will fall even further in the last period of the year.
Last but not least, the city of London. Well, yes. This would be, according to experts, the best time to haggle on London rents. The fall in prices is due to a combination of factors. Like Brexit and the general decline in business travel due to Covid-19. For London, this is the sharpest decline in the last ten years.
To conclude our column today, about the convenience of negotiating rents, the situation is clear. In general, it seems that this is the best time to sign this type of contract, for different reasons. (illustrated above).
Are you curious to know more? Are you interested in signing a lease or buying a property? If you still have many questions to answer, well, the solution is one. Continue reading our Realigro Blog. Every day there is a lot of information on every sector closely related to real estate. Always in our style and in spite of this critical situation that we hope will end as soon as possible.
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