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01.15.2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Key with key ring in house shape
Here's how to face the downturn in the rental market
São Paulo - For the first time since 2008 the real estate rental prices recorded annual drop. In 2015, rental values have fallen on average 3.34% in nine cities accompanied by FipeZap index, which assesses the advertised rent price variations. In Sao Paulo, the rental prices fell 3.7%. In Rio de Janeiro, the drop was even greater: 8.27%.
The variation in the real estate sale price came to rise in 2015, but only 1.32%, remaining well below inflation. This economic slowdown in the housing market may leave potential buyers, tenants and investors with doubts about what to do to not fail to take advantage of opportunities and avoid losses.
EXAME.com heard experts to answer the most common questions from those looking to buy, rent or invest. Here are the answers:
It is worth seeking a cheaper rent?
For those who pay rent and do not intend to buy a property, the slowdown in the rental market is ripe to seek a cheaper rent, says economist and author of "Real Estate - Your Guide to Making Purchase A Big Business" Luiz Calado.
Although the termination of the current contract could generate fines may still be more worthwhile trade agreement than waiting for the annual adjustment of rent, says the economist. "As rents are adjusted by the IGP-M index that is influenced by the high dollar, and the dollar was up 48.5% against the Brazilian real in 2015, the expectation is that the readjustment of the lease agreements is greater this year, "says Calado.
If you find a cheaper price, it may want the tenant to sign a longer contract. That's because the trend is that in the medium term, demand for rental can re-grow and increase the prices charged in the market, according to Cláudio Alencar, core professor who analyzes the real estate market of the Polytechnic School of the University of São Paulo (Poly USP).
Despite being on a downward trend, real estate purchase for prices are still hipsters of ability to pay of most Brazilians, says Professor. "The moment that the supply of houses and apartments decline, the lease should once again be the only option for many Brazilians if this mismatch between housing prices and income buyers persists."
Buy or rent?
Experts agree that the trend is that real estate sales prices to fall this year. That is, for those who want to buy a house to live in, may be worth waiting a little longer to pay a lower price and avoid devaluation.
This is because the outlook for the Brazilian economy in 2016 are nothing favorable, with inflation in double digits and an expectation of weak GDP growth in the country. This uncertain scenario leaves them insecure Brazilians to buy a property, which drives prices down.
In addition, the real estate supply in the market remains high, says Alencar, "There was a significant decrease in this stock over the past year, which should boost falling prices this year."
Raone Costa, an economist at the Economic Research Institute Foundation (FIPE), forecasts that property prices fall 5% this year. "The buyer should prefer to rent and invest the money you would use to purchase the property until prices stop falling. The preference should be for applications that earn interest plus inflation and offer good returns now. "
However, there are some caveats about how much the buyer will have to wait to perform the acquisition of the asset. This is because it is difficult to estimate how much real estate prices must stop falling. "From 2017, the trend may change if the economy recovers faster than expected," said Alencar.
In this case, it may be prudent to rent a property for a shorter period and did not fail to follow the behavior of prices in order to guard against a trend change.
Calado also advises that before making the decision, the buyer back to make a proposal that was not accepted by the seller of the property a few months ago. "The market has worsened, which gives the buyer more power to negotiate prices now."
Although real estate values are falling, mortgages interest rates were higher, which can be an obstacle for purchase. For those who want to fund, as stated is to join a high value to be used as a building entrance. Thus, it is possible to have the benefits fit in your pocket.
Time is ripe for those who want to go out and face the rent?
Although the recent fall in prices in the rental market open a good window of opportunity for those who want to leave their parents' home and rent a property, lower prices may be even higher this year.
That's because the trend is accompanying the fall of expected prices for property for sale. "Both the sales market as rentals are impacted by the economic crisis. In this scenario, people are left with less money both to buy and to rent a property," says Costa, an economist at Fipe.
According to Costa, as many investors find it harder to sell their homes now, the only way out is eventually rent the unit for a lower value. "They end up preferring receive less value than having to incur expenses related to property, such as condominium fee and taxes."
That is, for those who want to start paying rent may be more appropriate to wait a while to sign a contract, as prices may fall further.
You have a property to rent? What to do
Profitability in rental properties has never been so low. According to the FipeZap index, the return earned from the leasing of houses and apartment ended 2015 to 4.6% per year on average. It is the lowest value since the beginning of the time series FipeZap indicator, which started in 2008.
Who has a rental property does not have much choice but to strive to keep the unit occupied until rental prices to recover and return on investment to further increase, says Alencar. "Even if the rental value has been somewhat lower now, at least the amount will be enough to keep the property spending days at a time of high inflation."
If the investor finds that may need the money invested in property in a short period, the recommendation Coast, the Fipe, it is that the property is sold as soon as possible. "As prices may fall further, it is better to sell the unit at a price slightly lower than the proposed than selling later by an even lower value."
FipeZap rental rate in 2015
Source: Survey
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This article was translated by an automatic translation system, and was therefore not reviewed by people.