Home Ownership as described by the layman is a single expense I.e., the purchasing price of the property. However, to know true worth, home ownership consists of several types of expenses. This might lead to forget some of them while budgeting. Here are some of the expenses that usually arise in such scenarios. They are as follows:
Rise in housing prices can be due to two scenarios:
- When the fundamental economy of a given location has gone through a change.
- Or, a speculative bubble wherein investors buy at a high price to be able to sell at a higher price later.
Therefore in order to know the market predictions one needs to look into certain factors which are mentioned as below:
Co-working space is a newly coined form of a business model emerging in real state space across the world. It is addressed by several other names like on-demand workplaces, shared offices, etc. This workspace model has gained rapid importance due to spiraling real estate costs. It is also very effective for companies who do not assign themselves to any long term lease obligations and instead proceed to have a flexible cost structure. Some of the trends of shared offices are mentioned below: