Nowadays, owning a property has become less simple. Running costs are rising and many are wondering if the administration costs are justified.
Certainly real estate management has become more complicated in the last 10 years due to the introduction of numerous regulatory and tax obligations; the trend is that these will increase further in the coming years. This has caused many difficulties for the traditional administration.
In order to maintain and secure their services, many administrators felt they had to adjust their rates due to their increased workload. However, their customers have not perceived any change in the services provided, thus increasing their degree of dissatisfaction.