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Is it cost effective to have an empty house?

One should never be a source to generate losses, such as a home or property you leave empty and use it only causes expense.

What would be the best decision?
Owners should get the most out of the house, it is difficult to sell, but that would be the first choice for those who bought the house during the housing boom. Although the sale of the home can take between 8 and 24 months due to the purchasing power of citizens and the difficulties to get credit .. Thus it is better to prefer long-term, since housing has always been and will be a good safe value.

THE communications director for the Professional Association of Property Administrators in Madrid. Juan Bueno said “we are currently witnessing a depreciation of housing prices in many cities, which shows that understanding the home as an investment in the short to medium term was one of the causes that triggered the housing bubble. “

An alternative is the least time possible to sell the house lowered by at least 10% of the market price, so rather than ruin our finances the building keeping it year after year, it is best to try to sell or rent.

And one more thing, rental property would not be very profitable, since according to the Bank of Spain, the gross return on rental housing stood at almost 3.8% at the end of 2010, which would be a rather low percentage to buy a home with the sole purpose of extracting profit renting. In fact, that rate should be about 5% as in other European countries.

Finally, the Professional Association of Property Administrators in Madrid claim that “at present, no doubt, it is best to rent out because its return is greater than the sale of the home. ”

(Source and photo. ABC)