Rents increased in Neuquen due to higher demand and low vacancy rates. Real estate agents have clients on waiting lists for apartments, and rentals are not listed for long before being rented. Construction projects are underway for new apartment buildings, which should help increase the number of 2-3-bedroom apartments. However, with growing expatriate demand, rents may increase over the next 6-12 months.
Construction of new apartments and houses over the last four years has created a large rental supply in Santa Cruz. Lower demand for these rentals has resulted in dropping rents. Vacancy rates are high at all but the most popular apartment buildings. Construction continues, with more 2-3-bedroom apartments planned to enter the rental market in the next 6-18 months. However, sources believe rents have likely reached their lowest point.
I recently surveyed Yuzhno-Sakhalinsk, a city in the far east Russia, for the third time. Given the city’s size, it is easy to notice any changes. Sakhalin Island is developing in accordance with the government’s plan to promote tourism, which would also increase recreation options for expatriates.
Data Points brings you the latest updates from our Housing, Goods & Services, and Tax departments. These highlights are based on our expert international surveys, which are conducted on location by our global data collection team.
As expatriates assigned to Buenos Aires search for rental housing, they may soon ask an all too common question: "What is the ABL Tax and how much does it cost?”
Oil was discovered offshore Guyana nearly five years ago, but the country has taken a fairly measured approach to development, bringing in consultants to ensure that the oil industry (and the country’s future economy) is stable. The first extraction project, Liza Phase I, is on schedule to begin production of 120,000 barrels of oil per day starting in Q1 2020. The rate of incoming workers is picking up speed and demand has risen quickly not only for rentals properties, but also goods and services.
Since the 2015 discovery of vast oil deposits two hundred kilometers off Guyana’s coastline, the country has become one of the hottest oil and gas locations in the world. The capital city of Georgetown is now a center of activity as exploration, planning, and infrastructure development progress.
Barcelona has 1.6 million residents and an annual influx of 30 million temporary residents. This excessive number of tourists has brought instability to the city’s housing market as many long-term rentals have turned into short-term furnished units to cater to demand.
As expatriates in Japan search for rental housing, they should be aware of a common fee required on top of rent and security deposit. This payment is called ‘key money’ or in Japanese, ‘reikin’ (礼金).
East Timor, or Timor-Leste as it is known in one of its official languages, Portuguese, is a small country in Southeast Asia just north of Australia across the Timor Sea. It is one of the world’s youngest nations and still feels relatively undeveloped. The main expatriate population comes from embassies, NGOs, aid organizations, and banks.