Posted by
syed456
17 yrs ago
Does anyone think the rent will drop end of this year?
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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.
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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!
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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.
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Are there places that let you rent for 6 months?
Would that be through an agent still?
More info if possible please
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Rarely there are cases that Landlord might want to lend his flat for short time. It hapens to one of my freind
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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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