Posted by
syed456
17 yrs ago
Does anyone think the rent will drop end of this year?
very dependent on the area you are looking at ? if it stays at the same rate as 12 months ago, you already get a good deal.
well ! Though I'm talking about Kowloon area! Anyway no matter about the location, it seems everywhere atlst 20- 30% up. And lot of talk that it might go down overall later this year, No idea how sure!
until the landlords take a beating in the valuation of properties, next 6 months plus the rental market should not lag far behind. If you have to rent now, ask for a 2 year contract but 6 months get out renegotiate clause with 2 month notice to get out. This should put you into the property in the time frame needed for correction. That is what I'm doing prior too buying as well.
Are there places that let you rent for 6 months?
Would that be through an agent still?
More info if possible please
Rarely there are cases that Landlord might want to lend his flat for short time. It hapens to one of my freind
ask for it, base it on 2 year term, 6 months and 2 months notice to leave. It then gives them the freedom to sell as well.
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