Construction Maison

The level of northwest Queens leases with deals like a month without rent shot up dramatically in a year, a report has found. A typical concession, as it is called in the real estate world , is a month of free rent or no brokerage fee. And the amount of leases with concessions in the borough’s northwest section went up to 40.8 percent in July from 7.5 percent a year before. Douglas Elliman Real Estate released that finding last Thursday along with others in its housing market analysis of last month for Manhattan, Brooklyn and this borough’s northwest section — defined as Long Island City , Sunnyside, Woodside and Astoria. The singular rise in leases with concessions during the year leading up to July went way above those of Brooklyn and Manhattan. Those boroughs respectively saw the same number increase by 15.7 and 12.6 percents. Net effective rent in the portion of Queens analyzed — the median for how much is paid after a concession from a landlord — went up by 5.8 percent to $2,9...

Considering that Stockholm is among the five fastest growing regions in Europe, according to the City of Stockholm, it is fair to say the city's housing situation is urgent.  Housing policies dating from earlier decades established a system in Stockholm, where people only gain access to rental apartments (with capped prices) by registering in a queue, and waiting for an apartment allotted by the Stockholm Housing Agency . The intention was to make sure that everybody, not only the wealthy, could afford to live in central Stockholm . But as the city has grown in size, the queuing times have become longer. Gradually the entire rental market in the Swedish capital has gone "dark", meaning that your best chance of finding a flat is to rely on family- or professional connections. These two graphs show the numbers behind the other option for getting your flat in Stockholm, i.e. queuing up. This graph shows how quickly the waiting lines have grown for apartments in Stockhol...

Property developer iQ has released plans to create a halls of residence for graduates in Manchester city centre . Three blocks of 'co- living accommodation ' dubbed Echo Street are earmarked for a site on Granby Row, near Piccadilly station. The development, designed by Sheppard Robson, will create 643 bedrooms, a mix of studios and shared apartments, for young professionals who are being outpriced by the current private rental market . With all inclusive rents, including bills and amenities, and only one week's deposit needed iQ claim the scheme will make city centre living affordable for graduates and young professionals. According to Zoopla the average cost to rent a one bed flat in Manchester city centre is £850. This climbs to £1,130 for a second bedroom. However, the developers were unable to give a figure for Echo Street on how it will compare to current rental prices . Read More Echo Street will also include 242 bedrooms of student accommodation on the si...

Recent data shows that the average rent-to-salary ratio in Beijing is 58 percent. Some expats say they are not surprised because rent is expensive in Beijing. Photo: IC Helena Javitte, 28, from France has just moved into her new apartment in Xinyuan Xili in Chaoyang district. It is her third apartment in her four years in Beijing. For Javitte, who works at Sanlitun SOHO and commutes via scooter, a convenient location is the top priority, followed by the apartment and its price in that order. Her rent is about 40 percent of her wages, but she thinks it's worth the convenience. "I'm willing to spend more money than average on the apartment," she said. According to a recent report released by Shanghai-based E-house China R&D Institute, the average rent-to-income ratio in Beijing is as high as 58 percent, followed by Shenzhen, Guangdong Province with 54 percent, Sanya, Hainan Province with 48 percent and Shanghai with 48 percent. The figure has triggered discussions...

A new study maintains that two-thirds of Denver renters plan to move to another city, a figure higher than the national average, with most listing high rent costs in the Mile High City  as the main reason. At the same time, however, so many people from other places want to move here that the actual number of renters in Denver is likely to remain steady in the near future and could actually rise. These are among the findings in a provocative report from Apartment List. As laid out in the following Q&A with analyst Sydney Bennet , who was heavily involved in the project, renting Denverites have a variety of reasons for wanting to relocate. But the number of those who are considering such a move because of long commute times or concerns about safety, for instance, pale in comparison to folks who simply are having a hard time stretching their dollars far enough to keep a decent roof over their head. As the study notes, the 67 percent of Denver renters who are looking at other lan...

Avalon in Alpharetta features high -end apartments above retail shops. JONATHAN PHILLIPS / SPECIAL The average rent in metro Atlanta is on the rise. The most expensive rentals are in neighborhoods like Buckhead, Lenox and Lullwater where average costs are between $1,612 and $1,712. Atlanta area residents seeking lower rents should head to neighborhoods like Chosewood Park, Peoplestown or Lakewood Heights where the average rent of $650 falls well below the Atlanta average of $1,203 per month, according to data from rentcafe.com . While rental costs have gone up, they haven’t gone up as much as housing prices and rent in Atlanta is still relatively affordable compared to other metro areas . But for many renters, cost is only part of the equation when seeking a place to live.  Rent (85%),  location (81%) and community environment (49%) are among the top factors that renters look for according to new data from Village Green’s National Renter Profile . In the Atlanta metro area , 68% of r...

Local investors beware: Central Pennsylvania is on the map for outside groups looking for higher returns. Last month, The Solomon Organization , a New Jersey-based operator of multifamily properties, closed on a $25.7 million purchase of the newly built Ivy Ridge Apartments in Swatara Township . That price — $117,913 per unit — is the highest in the Harrisburg market this year. It also marked the company's first foray into the Harrisburg area after landing in Lancaster County six years ago. It owns six communities in Lancaster County and more than 1,200 units. "Two years ago, you said 'Harrisburg' and people would just hang up the phone," said Zachary Pierce, director of the National Multi Housing Group in Philadelphia for Marcus & Millichap Real Estate Investment Services . Outside investors were interested only in primary markets such as New York City and Washington, D.C., and maybe Philadelphia, he said. But as prices have shot up in those prime areas, th...

"); } if ($(imageDivId).length == 0) { $("#wrapper").after(contentText); } })(jQuery); BREMERTON, Wash. - Crystal Turner stood in the kitchen of her cramped apartment and stared at the cracks in the fake wood flooring beneath her feet. Surrounding her was the home she'd made for herself and her two sons in the past year, since they moved out of her Toyota Camry and into Admiral Manor, a low- rent apartment complex in west Bremerton . There was the single bedroom with two kids' beds on the floor. The living room she'd decorated with signs that said "Hope" and "Love." A dingy bathroom with a leaking toilet that had never been fixed. In this undated photo, Matthew Daigneault pushes his son Aden as he plays outside on the swings of his rental home in West Bremerton , Wash. (Larry Steagall/Kitsap Sun via AP) © 2017 Cox Media Group . Admiral Manor wasn 't the place Turner, a recovering addict, wanted to raise her boys. It was the place...

Hanoi’s most expensive land prices can be found around the West Lake area of Tay Ho District , where a square meter can fetch at least $20,000. Monthly rental rates in the area are also among the highest in the city, at 27 percent above the average rate, according to Savills, a global real estate services provider . Despite the sky-high prices, real estate hunters remain fixated on this golden piece of land. “While the real estate market in Hanoi has gone through many changes with many new projects appearing on the skyline, the West Lake area has never lost its attraction thanks to the rare natural beauty and clean atmosphere,” according to Matthew Powell, director at Savills Hanoi. The real estate rental market has witnessed a boom in recent years following rising demand among foreign expats working in Hanoi, according to a survey conducted by the financial institution Dragon Capital . The survey also noted that high-end apartments, especially those located around West Lak...