The main risks of mortgage loans in most cases are associated not with someone’s fraudulent actions, but with borrowers’ own inability to calculate their financial strength and foresee all risks. Experts told the RIA Real Estate website what are the main causes of overdue mortgage arrears and how they can be avoided.
So far, the share of arrears is small: at the end of July 2019, the volume of mortgages taken by the population amounted to 7.023 trillion rubles, while overdue payments amounted to 1%. In quantitative terms, this means about twenty-five thousand borrowers who delayed mortgage payments for more than 90 days in the first half of 2019, says Artem Kadnikov, senior associate at Olevinsky, Buyukyan & Partners Law Firm, referring to Equifax information and DRINK. At the same time, many delays and the problems following them can be avoided if borrowers simply do not make annoying mistakes and act to their own detriment. Continue reading
Before we get started
Explore hotel deals. Take an interest in the quality of service and the cost of living. This service is not new, the situation with competition from entrepreneurs who offer to rent apartments, hostels and pensions should also be known. If your competitors are not fully loaded, this is not a reason to abandon a business idea. Normal consider the average load of 50-65%.
Based on these data, you can calculate the average indicator of the demand for the service, profitability. When developing a business plan, develop more attractive offers than competitors with similar conditions. Think about how you can improve the level of service. Continue reading
What non-residential premises is now profitable to purchase for a private investor? How to choose the right building and which tenant to rely on? And why do developers have illiquid buildings become more expensive than apartments in the same residential complex?
The experts discussed these and other issues at the round table “Investments in commercial real estate” organized by the “Real Estate Bulletin”.
Against the background of falling returns on investment in housing under construction, a private investor is increasingly paying attention to other formats of real estate. Continue reading