Investments in real estate: Is it worth to be careful

Experts recall previous years, when such investments in Moscow brought good money. And why was such a return? Because prices have risen by 30-100% per year. Clear: that no buy - you can sell a good profit. But do not think that a win-win opportunity to make money remains to this day or even once was, says the head of the analytical center "Indicators of Real Estate Market Oleg Repchenko. Now is the time "active family life, experts believe www.irn.ru. You can buy housing for themselves, to make alternative deals. Prices are more or less stable, has the opportunity and time to think. But now, whether to buy an apartment with a view to profit? Following the results in 2010 in Moscow is seen gains in house prices in 12% to slightly more Inflation. This is comparable with the rates on deposits. Deposits are now a bit "sunk", but when compared with the beginning of last year, leading banks in the placement of amounts comparable to buying an apartment (5 million rubles.), For a period of years gave 10% per annum. That is, real estate did not give any significant advantage compared to banks. But has a much higher maintenance costs, the costs of buying and selling. Do not forget about overhead costs. Ardent supporters of investment in real estate say they need to buy new construction, which began with dumping prices, they prirastut much more. Indeed, there are examples of residential complexes in Moscow, which started from 70 th - 80 thousand rubles. per square. m, and very quickly rose to 110-120 thousand rubles. per square. m, and, seemingly, an increase of 30% per annum. And if you think Stop. Sit down, smoke, think about it. In addition to the total increase in new construction costs rise in price due to approaching the readiness of the object. This is about 15-20% of those 30%. What is New? These are the risks. The risk that the house generally will not be built. The risk that the drag on construction time. How to make people who successfully invest? Either they are lucky or they had insider information. And those who walk on the humpback bridge with posters, write letters to the Russian president, the mayor - past and present - a loser. They have no shelter, no money. You should understand that by buying apartments in the zero cycle, the investor incurs additional risks. Risks, in the opinion of the head of the analytical center "Real Estate Market Indicators" of Oleg Repchenko, quite comparable with the risks of investing in financial instruments - currency, commodity or other. You can see how the prices change depending on the volume of construction over the past 10 years (for details, see the article "Will the decline in housing construction for the new higher prices?). Regions, but maybe it makes sense today to draw attention to the Russian regions? Many of their real estate markets repeat scenario of the capital's property market just with a certain delay - different for each region. But experts www.irn.ru think that relying on such a relationship - is like betting on red, when three times in a row on the roulette fell black. How would the player himself not convinced of the possibility of winning, it is still likely equal. Invest in housing in the region, perhaps more profitable, however, and risks in the province more, said Oleg Repchenko. The expert notes that in terms of price growth for apartments megacities in the region attractive in Moscow: a substantial rise in price of housing in the capital not yet in sight. However, making a decision about investing money, one must consider not only the potential revenue, but also risks. Metropolitan housing liquidity, the apartment is almost always possible to sell or lease one or two months. High demand for capital real estate for the flow of migrants seeking to settle in Moscow - either permanently or at least temporarily. In the regions of visitors is much smaller and the demand for housing is lower. An investor may face the inability to sell more costly on paper, the property at market price. In this sense, especially risky investments in real estate rapidly developing cities, where huge amounts of housing are built. For example, in Yekaterinburg, in the Academic, are going to build a 9,000,000 square meters. m of residential property. When all scheduled to be commissioned, the market may be overstocked, and liquidity have any big problems. A private investor is always at a disadvantage than the developer. First, the developer sells the apartment (even in the already constructed houses) at lower prices than in the secondary market because he wanted to quickly implement large amounts of housing. Secondly, the buyer probably will turn into a solid company with good reputation, than to an unknown individual. Third, the developer has enormous opportunities and preferences in advertising their facilities compared to private traders. If you take the Moscow real estate, then sell it, rent it out even in a crisis can be let at a discount. There is a steady demand. What can be said about the regions. Less people, less than the market capacity, lower migration flows (especially immigration). For comparison: the experts at Penny Lane Realty ranked the cities looking to invest in residential real estate. The rankings specialists took the basis of eight parameters: security for life, environmental situation, the strategic importance of city-forming industries, cost-effectiveness of core enterprises, the income per capita, the plans of the regional authorities and the federal target program for the development of the city, the level of average prices for primary and the secondary market and housing construction. According to the results of comparative analysis of the top five included the following cities. Promising regional city for investment in housing according to Penny Lane Realty