The second half of 2009 began with the accelerating rate of decline in rental rates

About the current situation in the real estate market, rental cost, a possible collapse in house prices portal Bank.ru said Ekaterina Thain, Partner, Director of the Knight Frank real estate What would you recommend to people who have investment apartments, that is, housing which they lease or purchase for resale? It all depends on market segment to which it belongs apartment. If the apartment belongs to the expensive segment, located in a nice house with beautiful views, do not borrow or under a mortgage, and the owner does not feel pressure from the bank, it is better to wait. Should I now urgently sell an apartment, waiting for the collapse of prices on the real estate market? Collapse of prices on the real estate market is currently forecasted. On the contrary, provided that the fall will not have new economic challenges, we can expect rising prices for elite real estate in Russia. Overseas animation market has already begun: London demonstrates stable growth of the past 5 months, leading to an increase in the number of transactions by 90% in August compared with January. U.S. real estate market also began to rise. In your opinion, it is more profitable now, get a mortgage, or simply rent an apartment? It all depends on the specific situation: for a good rate is better to take a mortgage. However, if the percentage is too high, you should rent an apartment, because prices in the rental market also declined. How much is the rent is now an elite and a simple shelter? What determines the amount of payment? The second half of 2009 began with the accelerating rate of decline in rental rates. The average price for renting an apartment with high quality finishing in July 2009 amounted to 6,005 dollars per m2. For 7 months the average rate decreased by 9.8%. The amount of payment for the lease depends on the quality of the object and its location. It makes sense to turn in search of buying or renting housing to middlemen, it's additional costs? In any real estate transactions worth paying a professional agency, since they are familiar with the situation on the market, know what discounts and where you can get, how best to structure the transaction and not to be trapped. How to choose a mediator for various real estate transactions and do not get caught on the hook for the fraudsters? To protect themselves during real estate transactions, is to choose larger agencies with established reputation, a long time working on the market. About real estate, read on the portal Bank.ru Some market experts in all ways hold the idea that the "price floor" has almost reached to rent an apartment now cheaper than buying it now, we expect price stabilization