Vler\u00ebsimi i rrezikut luan nj\u00eb rol t\u00eb r\u00ebnd\u00ebsish\u00ebm n\u00eb faz\u00ebn e formimit t\u00eb investimeve t\u00eb strategjis\u00eb, si investitori \u00ebsht\u00eb i gatsh\u00ebm p\u00ebr t\u00eb marr\u00eb rreziqe, n\u00eb mas\u00eb t\u00eb madhe varet nga buxheti, dhe pritja e kthimit. Pra, n\u00eb qoft\u00eb se investitor\u00ebt e konsiderojn\u00eb t\u00eb ardhmen real estate investime si rrezik t\u00eb ul\u00ebt, ata jan\u00eb t\u00eb gatsh\u00ebm t\u00eb paguajn\u00eb m\u00eb shum\u00eb p\u00ebr \u00e7do dollar t\u00eb parashikuar t\u00eb t\u00eb ardhurave, duke ulur norm\u00ebn e kthimit. Q\u00eb \u00ebsht\u00eb i, e ul\u00eb rrezikun e ul\u00eb rendimentin.<\/p>\n
Rrezik \u00ebsht\u00eb mund\u00ebsia e humbjeve si rezultat i ndonj\u00eb ndryshim. M\u00eb shum\u00eb mund\u00ebsi q\u00eb do t\u00eb ndodhin ngjarje negative, aq m\u00eb i madh rreziku. P\u00ebr t\u00eb investimeve t\u00eb pasurive t\u00eb patundshme m\u00eb tipik jan\u00eb dy grupet e rrezikut t\u00eb vendit, rreziqet dhe rreziqet q\u00eb lidhen me nj\u00eb projekt t\u00eb ve\u00e7ant\u00eb.<\/p>\n
Vendi rrezikon t\u00eb par\u00eb \u00ebsht\u00eb mund\u00ebsia e ekonomike, politike dhe sociale p\u00ebrmbysje n\u00eb nj\u00eb vend ku prona \u00ebsht\u00eb e vendosur.<\/p>\n
Niveli i rrezikut n\u00eb vend mund t\u00eb sigurohen nga raportet e agjencit\u00eb e vler\u00ebsimit ose t\u00eb firmave konsulente. P\u00ebr shembull, n\u00eb renditjen e Ekonomiste e Nj\u00ebsis\u00eb s\u00eb Inteligjenc\u00ebs m\u00eb i vog\u00ebl i vendit t\u00eb madh n\u00eb Austri, BRITANI t\u00eb madhe, Gjermani dhe Shtetet e Bashkuara t\u00eb amerik\u00ebs, m\u00eb e madhe \u00ebsht\u00eb Afganistani, Bjellorusi, Ukrain\u00eb, etj.<\/p>\n
Nj\u00eb nga faktor\u00ebt ekonomik\u00eb t\u00eb vendit t\u00eb rrezikut t\u00eb inflacionit<\/strong>. Var\u00ebsia \u00ebsht\u00eb si m\u00eb posht\u00eb: i lart\u00eb inflacioni, aq m\u00eb i madh rreziku. Rrezik m\u00eb t\u00eb ul\u00ebt inflacioni \u00ebsht\u00eb m\u00eb pak se 5 % n\u00eb vit, m\u00eb e madhe \u00ebsht\u00eb mbi 100 %. N\u00eb tregun e pasurive t\u00eb siguruar kund\u00ebr rrezikut t\u00eb inflacionit, p\u00ebr shkak se kostoja e qiras\u00eb \u00ebsht\u00eb rishikuar n\u00eb muaj ose n\u00eb vit, qirat\u00eb jan\u00eb t\u00eb lidhura p\u00ebr t\u00eb indeksit t\u00eb \u00e7mimeve t\u00eb konsumit, i cili pasqyron dinamik\u00ebn e inflacionit. M\u00eb shpesh normat jan\u00eb rishikuar, aq m\u00eb i lart\u00eb i ndjeshm\u00ebris\u00eb s\u00eb objektit t\u00eb inflacionit dhe m\u00eb t\u00eb madhe t\u00eb t\u00eb ardhurave t\u00eb investitor\u00ebve. P\u00ebr shembull, dhoma hoteli, dyqaneve, magazinave industriale dhe t\u00eb banimit, me qira p\u00ebr nj\u00eb afat t\u00eb shkurt\u00ebr, tradicionalisht konsiderohet t\u00eb jet\u00eb objekte me nj\u00eb t\u00eb rritur ndjeshm\u00ebria p\u00ebr t\u00eb inflacionit, zyra REIT mesatare, dhe e tok\u00ebs dhe e apartamenteve p\u00ebr afat t\u00eb gjat\u00eb me qira, \u00ebsht\u00eb i ul\u00ebt.<\/p>\n Gjermani \u2014 n\u00eb P\u00ebrgjith\u00ebsi, t\u00eb ul\u00ebt t\u00eb rrezikut t\u00eb vendit p\u00ebr investime n\u00eb pasuri t\u00eb patundshme, megjithat\u00eb, ekziston rreziku rajone. N\u00eb ve\u00e7anti, k\u00ebto p\u00ebrfshijn\u00eb Lindore tokat <\/i><\/p>\n Nj\u00eb tjet\u00ebr faktor ekonomik \u00ebsht\u00eb vendi rreziku i lidhur me paq\u00ebndrueshm\u00ebrin\u00eb e monedh\u00ebs komb\u00ebtare<\/strong>. Pa marr\u00eb parasysh, duke rritur norm\u00ebn e saj ose bie, \u00e7do devijim t\u00eb r\u00ebnd\u00ebsish\u00ebm paraqet rrezik. Nj\u00eb rrezik t\u00eb madh p\u00ebr tregjet \u00ebsht\u00eb m\u00eb shum\u00eb t\u00eb ngjar\u00eb t\u00eb ndodh\u00eb kur t\u00eb rritet ose t\u00eb bjer\u00eb nj\u00eb monedh\u00eb \u00ebsht\u00eb m\u00eb shum\u00eb se 20 %.<\/p>\n P\u00ebr mall e ekonomive me baz\u00eb jan\u00eb gjithashtu karakterizohet nga faktor\u00ebt e rrezikut si r\u00ebnia n\u00eb \u00e7mimet e naft\u00ebs<\/strong>. I ul\u00ebt \u00e7mimi, aq m\u00eb e madhe k\u00ebrc\u00ebnim p\u00ebr ekonomin\u00eb; m\u00eb t\u00eb madh n\u00eb reduktimin e rrezikut n\u00eb t\u00eb hidrokarbureve \u00e7mimet m\u00eb shum\u00eb se 20 %. K\u00ebshtu, sipas Savills, n\u00eb r\u00ebnien e \u00e7mimeve t\u00eb naft\u00ebs q\u00eb nga viti 2007 deri n\u00eb 2009, apartamente n\u00eb kryeqytetin rus ra me 51 %. N\u00eb janar-shkurt t\u00eb vitit 2009, \u00e7mimet e naft\u00ebs ka filluar t\u00eb rritet, dhe kostoja p\u00ebr met\u00ebr katror edhe doli. N\u00eb vitin 2015, vaj tregon nj\u00eb trend negativ, dhe \u00e7mimet e banesave jan\u00eb gjithashtu n\u00eb r\u00ebnie.<\/p>\n T\u00eb tjera faktor\u00ebt ekonomik \u2014 r\u00ebnia e PBB-s\u00eb, r\u00ebnien e prodhimit, r\u00ebnie e eksporteve dhe r\u00ebnia e fuqis\u00eb bler\u00ebse t\u00eb popullsis\u00eb. <\/strong> M\u00eb t\u00eb madh n\u00eb reduktimin e rrezikut p\u00ebr secil\u00ebn prej k\u00ebtyre treguesve m\u00eb shum\u00eb se 10 %.<\/p>\n Vend t\u00eb p\u00ebrfshij\u00eb edhe socio-politike rreziqet. N\u00eb m\u00ebnyr\u00eb t\u00eb ve\u00e7ant\u00eb, tregu i pasurive t\u00eb patundshme mund t\u00eb negativisht negative t\u00eb rritjes s\u00eb popullsis\u00eb<\/strong>, dhe kjo \u00ebsht\u00eb e v\u00ebrtet\u00eb jo vet\u00ebm p\u00ebr vendin si nj\u00eb t\u00ebr\u00ebsi, por p\u00ebr nj\u00eb t\u00eb ve\u00e7ant\u00eb lokalitet dhe nj\u00eb rajon t\u00eb caktuar. P\u00ebr shembull, popullsia e Gjermanis\u00eb Lindore p\u00ebr t\u00eb l\u00ebvizur m\u00eb t\u00eb zhvilluar dhe premtuese Per\u00ebndimore tokat, k\u00ebshtu q\u00eb k\u00ebta t\u00eb fundit jan\u00eb konsideruar si m\u00eb pak t\u00eb rrezikshme t\u00eb tregjeve t\u00eb investimeve t\u00eb pasurive t\u00eb patundshme (me p\u00ebrjashtim t\u00eb nj\u00eb qytet t\u00eb vog\u00ebl n\u00eb Ruhr rajon, e cila \u00ebsht\u00eb humbja e popullsis\u00eb p\u00ebr shkak t\u00eb munges\u00ebs s\u00eb vendeve t\u00eb pun\u00ebs).<\/p>\n Situata politike q\u00eb<\/strong> gjithashtu ka nj\u00eb ndikim t\u00eb madh n\u00eb investitor sjellje dhe n\u00eb perceptimin e tyre n\u00eb rrezik. Sipas studimit “Tranio”, 17 % e t\u00eb anketuara realtors besojn\u00eb se situata politike (n\u00eb t\u00eb nj\u00ebjtin nivel me stabilitetin ekonomik) \u00ebsht\u00eb nj\u00eb nga arsyet kryesore pse ruse-fol\u00ebse bler\u00ebsit t\u00eb zgjedh\u00eb nj\u00eb vend t\u00eb caktuar p\u00ebr t\u00eb bler\u00eb prona. Ky faktor \u00ebsht\u00eb ve\u00e7an\u00ebrisht e theksuar n\u00eb vende t\u00eb tilla si BRITANIA e madhe, Gjermania, SHBA dhe Franc\u00eb.<\/p>\n Socio-trazira politike dhe ekonomike n\u00eb vend mund t\u00eb p\u00ebrhershme p\u00ebr t\u00eb tremb\u00eb investitor\u00ebt jasht\u00eb nga lokale t\u00eb tregut t\u00eb pasurive t\u00eb patundshme <\/i><\/p>\n Nj\u00eb tjet\u00ebr e r\u00ebnd\u00ebsishme e vendit t\u00eb rrezikut potencial t\u00eb ndryshimeve n\u00eb legjislacionin<\/strong>q\u00eb mund t\u00eb ndikoj\u00eb n\u00eb tregjet e pasurive t\u00eb patundshme. Ajo mund t\u00eb jet\u00eb ndryshimet n\u00eb legjislacionin tatimor (rritje ekzistues t\u00eb taksave dhe futja e re), futja e ligjeve kufizuese n\u00eb lidhje me nd\u00ebrtimin dhe investimet, si dhe vendosjen e kufizimeve n\u00eb l\u00ebvizjen e kapitalit.<\/p>\n Rreziqet q\u00eb lidhen me projektin mund t\u00eb ndahen n\u00eb dy kategori:<\/p>\n 1. Projektet Me Vler\u00eb T\u00eb Shtuar<\/strong><\/p>\n Projektet me Vler\u00eb t\u00eb Shtuar (vler\u00eb e shtuar) p\u00ebrfshijn\u00eb nd\u00ebrtimin dhe rizhvillimit. Rreziku i projekteve t\u00eb tilla \u00ebsht\u00eb mjaft i lart\u00eb, por rendimenti \u00ebsht\u00eb gjithashtu e lart\u00eb: nga 14 deri n\u00eb 25 %.<\/p>\n Rreziqet kryesore q\u00eb lidhen me nd\u00ebrtimin e:<\/p>\n T\u00eb gjitha k\u00ebto rreziqe mund t\u00eb “han\u00eb” japin, me rezultat q\u00eb investitori do t\u00eb jet\u00eb pa fitim ose madje edhe me humbje.<\/p>\n Projektet e nd\u00ebrtimit jan\u00eb m\u00eb t\u00eb rrezikshme se sa me qira biznesit <\/i><\/p>\n T\u00eb gjitha k\u00ebto rreziqe rriten n\u00eb m\u00ebnyr\u00eb eksponenciale n\u00eb proporcion me ngarkes\u00ebn e borxhit t\u00eb zhvilluesi i saj, q\u00eb \u00ebsht\u00eb, m\u00eb shum\u00eb kredi t\u00eb holla ai p\u00ebrdor, m\u00eb t\u00eb lart\u00eb, secila prej k\u00ebtyre rreziqeve. N\u00eb skenarin m\u00eb t\u00eb keq, t\u00eb tilla si t\u00eb lart\u00eb ngarkes\u00ebn e borxhit t\u00eb nd\u00ebrtes\u00ebs dhe korrigjimi i vler\u00ebs mund t\u00eb jet\u00eb se zhvilluesi ose investitori do t\u00eb p\u00ebsoj\u00eb humbje. Me p\u00ebrvoj\u00eb zhvilluesit gjithmon\u00eb llogaritur skenar\u00eb t\u00eb ndrysh\u00ebm t\u00eb zhvillimit t\u00eb ngjarjeve, dhe t\u00eb pranueshme jan\u00eb ato n\u00eb t\u00eb cilat investitori daljet e projektit, duke fituar 15-20 % (klasik skenari) ose 20-25 % (skenar optimist).<\/p>\n Projekti rrezikon t\u00eb ndodh\u00eb para fillimit t\u00eb pun\u00ebs. N\u00eb ve\u00e7anti, ekziston nj\u00eb rrezik t\u00eb mos marrjen e nj\u00eb leje nd\u00ebrtimi (Leje Rrezik<\/strong>). Thelbi i saj \u00ebsht\u00eb se n\u00eb rastin e investimeve n\u00eb p\u00ebrt\u00ebritjen medha, riparimin ose nd\u00ebrtimin nga e para p\u00ebr t\u00eb zbatuar pas blerjes s\u00eb tok\u00ebs apo objekt duhet t\u00eb kaloj\u00eb miratimit dhe p\u00ebr t\u00eb marr\u00eb leje. Zakonisht \u00e7mimi i merr parasysh rrezikun e d\u00ebshtimit p\u00ebr t\u00eb marr\u00eb lejen e duhur apo se ajo do t\u00eb marr\u00eb nj\u00eb koh\u00eb t\u00eb gjat\u00eb. N\u00eb disa vende zhvilluesit jan\u00eb t\u00eb gatsh\u00ebm p\u00ebr t\u00eb marr\u00eb rrezikun e mosmarrjes leje.<\/p>\n P\u00ebr t\u00eb p\u00ebrcaktuar rreziqet q\u00eb lidhen me nj\u00eb send t\u00eb caktuar, ndihmon t\u00eb plot\u00eb check \u2014 Kujdes \u2014 e cila p\u00ebrfshin kat\u00ebr lloje t\u00eb ekspertiz\u00ebs:<\/p>\n 2. Me qira e biznesit<\/strong><\/p>\n M\u00eb pak t\u00eb rrezikshme p\u00ebr t\u00eb objekteve p\u00ebr qira, kan\u00eb karakteristikat e m\u00ebposhtme:<\/p>\n Vendndodhja \u00ebsht\u00eb m\u00eb e r\u00ebnd\u00ebsishme karakteristike: n\u00ebse prona \u00ebsht\u00eb e vendosur n\u00eb nj\u00eb t\u00eb mir\u00eb t\u00eb zon\u00ebs, at\u00ebher\u00eb rreziqet do t\u00eb jen\u00eb minimale, dhe objektin \u2014 t\u00eb l\u00ebngshme. Megjithat\u00eb, rreziku mund t\u00eb jet\u00eb shkak p\u00ebr m\u00eb tej zhvillimin e zon\u00ebs<\/strong>, k\u00ebshtu q\u00eb kur zgjedh nj\u00eb fitimprur\u00ebse objekt duhet t\u00eb k\u00ebrkoni t\u00eb planit dhe t\u00eb shohim n\u00ebse vjen dhe tashm\u00eb zbatohet ndryshimeve (t\u00eb zgjerimit t\u00eb rrjetit t\u00eb transportit, shfaqja e institucioneve t\u00eb reja, etj.) me kalimin e koh\u00ebs p\u00ebr rritjen e kapitalizimit t\u00eb investuarit, ose n\u00eb t\u00eb kund\u00ebrt\u00ebn, do t\u00eb zvog\u00ebloj\u00eb p\u00ebrfitueshm\u00ebrin\u00eb e saj. P\u00ebr shembull, n\u00ebse nj\u00eb person bleu nj\u00eb apartament n\u00eb new York me pamje t\u00eb bukur t\u00eb Central Park, ajo \u00ebsht\u00eb a priori siguruar sigurin\u00eb e investimeve, si apartamente me k\u00ebt\u00eb lloj jan\u00eb t\u00eb pakta dhe t\u00eb reja jo m\u00eb shum\u00eb.<\/p>\n Rreziku \u00ebsht\u00eb gjithashtu e keqe e objekteve shtet\u00ebrore<\/strong> dhe e pamjaftueshme teknike t\u00eb pajisjeve<\/strong>. M\u00eb keq hap\u00ebsir\u00eb-planifikimi vendimet brenda nd\u00ebrtes\u00ebs, disponueshm\u00ebria e moderne e inxhinieris\u00eb sistemet dhe cil\u00ebsin\u00eb e mb\u00ebshtetjes s\u00eb strukturave t\u00eb ul\u00ebt t\u00eb konkurrueshm\u00ebris\u00eb n\u00eb treg, t\u00eb ulur vler\u00ebn e saj dhe t\u00eb k\u00ebrkoj\u00eb nga qiramarr\u00ebsit, dhe rreziqet m\u00eb t\u00eb larta. P\u00ebrkund\u00ebr faktit se t\u00eb vjet\u00ebr dhe t\u00eb lodhur nga objektet mund t\u00eb jap\u00eb nj\u00eb t\u00eb jepnin t\u00eb mir\u00eb n\u00eb k\u00ebt\u00eb moment, ata jan\u00eb gjithmon\u00eb m\u00eb t\u00eb rreziksh\u00ebm p\u00ebr investime sesa objektet n\u00eb gjendje t\u00eb mir\u00eb.<\/p>\n N\u00eb cil\u00ebsin\u00eb e qiramarr\u00ebsit dhe llojit t\u00eb kontrat\u00ebs s\u00eb qiras\u00eb<\/strong> mund edhe t\u00eb rritur ose ulur rreziqet. Investitor i cili nuk \u00ebsht\u00eb i gatsh\u00ebm p\u00ebr t\u00eb marr\u00eb rrezikun e humbjes s\u00eb qiramarr\u00ebsi ka t\u00eb ngjar\u00eb t\u00eb investuar n\u00eb pron\u00ebn me afat t\u00eb gjat\u00eb qiras\u00eb kontrata. N\u00eb t\u00eb kund\u00ebrt\u00ebn, kur rreziku p\u00ebr investitor \u00ebsht\u00eb e pranueshme, ai do t\u00eb konsideroj\u00eb pron\u00ebn e p\u00ebrshtatshme p\u00ebr nj\u00eb fund t\u00eb shkurt\u00ebr apo afat-qiradh\u00ebnie.<\/p>\n Kur zgjedh nj\u00eb pron\u00eb me qira duhet t\u00eb paguani v\u00ebmendje m\u00ebnyr\u00ebs se si e besuar qiramarr\u00ebsi <\/i><\/p>\n Nj\u00eb tjet\u00ebr rrezik \u00ebsht\u00eb i lidhur me zgjedhjen e metod\u00ebs s\u00eb financimit<\/strong> dhe p\u00ebr t\u00eb menaxhuar huamarrjen e fondeve. Si rregull, sa m\u00eb e lart\u00eb p\u00ebrqindja e kapitalit t\u00eb huazuar, aq m\u00eb i lart\u00eb rreziku.<\/p>\n Levave efekt \u00ebsht\u00eb kur kostoja e financimit t\u00eb borxhit \u00ebsht\u00eb m\u00eb e lir\u00eb se e rentabilitetit t\u00eb projektit. Investitori mund t\u00eb negocioj\u00eb me Bank\u00ebn n\u00eb m\u00ebnyr\u00eb q\u00eb t\u00eb paguaj\u00eb interes n\u00eb kredi, por p\u00ebr t\u00eb paguar nj\u00eb minimum t\u00eb kredis\u00eb. Kjo metod\u00eb \u00ebsht\u00eb e mundur p\u00ebr t\u00eb rritur e saj operative t\u00eb ardhurat nga investimet. Por kjo m\u00ebnyr\u00eb e p\u00ebrfitimit n\u00eb rritje t\u00eb \u00e7on n\u00eb nj\u00eb tjet\u00ebr rrezik. N\u00ebse \u00e7mimi i objektit do t\u00eb ulet kur keni nevoj\u00eb p\u00ebr t\u00eb zgjatur marr\u00ebveshje kredie, Banka do t\u00eb k\u00ebrkoj\u00eb n\u00eb m\u00ebnyr\u00eb t\u00eb matur p\u00ebr t\u00eb p\u00ebrfituar kredin\u00eb dhe p\u00ebr t\u00eb ofroj\u00eb kolateral shtes\u00eb (diferenc\u00eb thirrje). Prandaj, \u00ebsht\u00eb e r\u00ebnd\u00ebsishme p\u00ebr t\u00eb gjetur t\u00eb sakt\u00eb t\u00eb bilancit lev\u00eb e kthimit dhe rreziku \u00ebsht\u00eb aft\u00ebsia profesionale e investitor\u00ebve.<\/p>\n Kapitalit t\u00eb huazuar p\u00ebr investime duhet t\u00eb b\u00ebj\u00eb nj\u00eb fitim m\u00eb e madhe e kostos p\u00ebr p\u00ebrdorimin e saj. N\u00ebse e pasurive t\u00eb patundshme m\u00eb posht\u00eb tarifat p\u00ebr hua, investitori mban humbje, e cila \u00ebsht\u00eb m\u00eb e madhe, m\u00eb e madhe se vlera e fondet e huazuara.<\/p>\n Sipas ekspert\u00ebve, tregu i pasurive t\u00eb patundshme ka nj\u00eb tjet\u00ebr rrezik: si normat e interesit p\u00ebr huat\u00eb n\u00eb 2014-2015 n\u00eb shum\u00eb vende t\u00eb bot\u00ebs ka arritur nivelin m\u00eb t\u00eb ul\u00ebt n\u00eb historin\u00eb dhe pothuajse af\u00ebr zeros, pastaj n\u00eb 3-5 vite ato mund t\u00eb rriten n\u00eb m\u00ebnyr\u00eb t\u00eb konsiderueshme, dhe kur kjo ndodh, vlera e pron\u00ebs do t\u00eb ulet.<\/p>\n Rreziku \u00ebsht\u00eb edhe telekomand\u00eb objekt: <\/strong>e larg\u00ebsis\u00eb e t\u00eb pasurive t\u00eb patundshme dob\u00ebson kontrollin mbi at\u00eb, k\u00ebshtu q\u00eb t\u00eb p\u00ebrpiqet q\u00eb t\u00eb angazhohen n\u00eb menaxhimin e huaj t\u00eb projektit nga Rusia \u00ebsht\u00eb e lidhur me rreziqe t\u00eb m\u00ebdha. N\u00eb vend t\u00eb nj\u00eb t\u00eb larg\u00ebt t\u00eb vet\u00eb-kontrollit \u00ebsht\u00eb e rekomanduar p\u00ebr t\u00eb pun\u00ebsoj\u00eb nj\u00eb kompani t\u00eb specializuara.<\/p>\n Nj\u00eblloj e r\u00ebnd\u00ebsishme \u00ebsht\u00eb rreziku i lidhur me strukturimin e transaksionit<\/strong>. Nuk jan\u00eb t\u00eb ndryshme skemat q\u00eb ju lejon t\u00eb zgjedh tuaj taksa \u2014 p\u00ebr shembull, nj\u00eb e p\u00ebrbashk\u00ebt e kredis\u00eb ose t\u00eb aplikuar, p\u00ebrmes nj\u00eb serie t\u00eb kompanive. Kjo rrit prodhimin, por pak\u00ebson transparenc\u00ebn dhe rrit rrezikun e pron\u00ebsis\u00eb. IRS mund t\u00eb mos e pranojn\u00eb struktur\u00ebn optimization dhe pages\u00eb shtes\u00eb taksat dhe gjobat. N\u00eb bot\u00eb rrit transparenc\u00ebn e sistemit bankar, OECD ka prezantuar masa p\u00ebr t\u00eb luftuar erozionin e baz\u00ebs tatimore, dhe Rusia k\u00ebrkon banor\u00ebt e saj p\u00ebr t\u00eb paguar tatimet mbi t\u00eb ardhurat e p\u00ebrfituara jasht\u00eb vendit. T\u00eb gjitha k\u00ebto ndryshime t\u00eb rris\u00eb rreziqet e tepruar strukturimin e objekteve me q\u00ebllim t\u00eb tatimit optimization. Rekomandimi yn\u00eb p\u00ebr klient\u00ebt: s\u00eb pari, p\u00ebr t\u00eb konsultuar me k\u00ebshilltar\u00ebt tatimor, dhe s\u00eb dyti, t\u00eb mos e teproj optimization, si \u00ebsht\u00eb e mbushur me probleme me autoritetet tatimore n\u00eb t\u00eb ardhmen e parashikueshme.<\/p>\n Pikat e p\u00ebrmendura m\u00eb lart t\u00eb p\u00ebrcaktoj\u00eb kryesor i rrezikut \u2014 rreziku i uljes s\u00eb likuiditetit, q\u00eb \u00ebsht\u00eb, uljen e potencialit t\u00eb nj\u00eb shitje t\u00eb shpejt\u00eb pa humbje n\u00eb vler\u00eb dhe n\u00eb uljen e potencialit t\u00eb rritjes s\u00eb capitalisation n\u00eb rast t\u00eb nj\u00eb skenar pozitiv t\u00eb zhvillimit t\u00eb tregut. N\u00eb p\u00ebrputhje me rrethanat, t\u00eb ulur rreziqet e sip\u00ebrp\u00ebrmendura pik\u00eb, sa m\u00eb i lart\u00eb t\u00eb likuiditetit dhe, rrjedhimisht, m\u00eb e ul\u00ebt duke filluar t\u00eb jepnin e objektit.<\/p>\n Rreziqet kryesore kur t\u00eb investuar n\u00eb pron\u00ebn jan\u00eb:<\/p>\n<\/p>\n \u00c7far\u00eb p\u00ebr t\u00eb zgjedhur \u2014 t\u00eb jepnin t\u00eb lart\u00eb apo t\u00eb ul\u00ebt t\u00eb rrezikut n\u00eb var\u00ebsi t\u00eb investitori dhe q\u00ebndrimin e tij ndaj rrezikut. Problemi kryesor me shum\u00eb bler\u00ebs \u00ebsht\u00eb se ata t\u00eb fillojn\u00eb bised\u00ebn me pyetjen “\u00c7far\u00eb \u00ebsht\u00eb profitabilitetit?”, dhe pyetja e par\u00eb me t\u00eb v\u00ebrtet\u00eb duhet t\u00eb jet\u00eb “cilat jan\u00eb rreziqet dhe si mund ta shitur k\u00ebt\u00eb objekt n\u00eb t\u00eb ardhmen?” N\u00ebse investitori do t\u00eb b\u00ebj\u00eb kthimit t\u00eb m\u00ebdha, ajo duhet t\u00eb jet\u00eb i gatsh\u00ebm t\u00eb pranoj\u00eb rrezik m\u00eb t\u00eb madh.<\/p>\n Yulia Kozhevnikova, “Tranio”<\/p>\n","protected":false},"excerpt":{"rendered":" Vler\u00ebsimi i rrezikut luan nj\u00eb rol t\u00eb r\u00ebnd\u00ebsish\u00ebm n\u00eb faz\u00ebn e formimit t\u00eb investimeve t\u00eb strategjis\u00eb, si investitori \u00ebsht\u00eb i<\/p>\n","protected":false},"author":1,"featured_media":468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[128],"tags":[],"class_list":["post-575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-informacione-tatimore-ne-france"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"sq","enabled_languages":["ru","uk","en","de","fr","it","es","pl","pt","bg","cs","da","et","fi","hr","hu","lt","lv","mk","no","ro","sk","sl","sq","sr","tr","nl","am","ca","sv"],"languages":{"ru":{"title":false,"content":false,"excerpt":false},"uk":{"title":false,"content":false,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false},"it":{"title":false,"content":false,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"pl":{"title":false,"content":false,"excerpt":false},"pt":{"title":false,"content":false,"excerpt":false},"bg":{"title":false,"content":false,"excerpt":false},"cs":{"title":false,"content":false,"excerpt":false},"da":{"title":false,"content":false,"excerpt":false},"et":{"title":false,"content":false,"excerpt":false},"fi":{"title":false,"content":false,"excerpt":false},"hr":{"title":false,"content":false,"excerpt":false},"hu":{"title":false,"content":false,"excerpt":false},"lt":{"title":false,"content":false,"excerpt":false},"lv":{"title":false,"content":false,"excerpt":false},"mk":{"title":false,"content":false,"excerpt":false},"no":{"title":false,"content":false,"excerpt":false},"ro":{"title":false,"content":false,"excerpt":false},"sk":{"title":false,"content":false,"excerpt":false},"sl":{"title":false,"content":false,"excerpt":false},"sq":{"title":true,"content":true,"excerpt":false},"sr":{"title":false,"content":false,"excerpt":false},"tr":{"title":false,"content":false,"excerpt":false},"nl":{"title":false,"content":false,"excerpt":false},"am":{"title":false,"content":false,"excerpt":false},"ca":{"title":false,"content":false,"excerpt":false},"sv":{"title":false,"content":false,"excerpt":false}}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/posts\/575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/comments?post=575"}],"version-history":[{"count":0,"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/posts\/575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/media\/468"}],"wp:attachment":[{"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/media?parent=575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/categories?post=575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nalog.fr\/sq\/wp-json\/wp\/v2\/tags?post=575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Projekti rreziqet<\/h2>\n
\n
\n
\n
\n
N\u00eb fund t\u00eb<\/h2>\n
\n\n
\n Vendi rreziqet<\/strong><\/td>\n<\/tr>\n \n Ekonomike<\/strong><\/td>\n \n \n
\n Socio-politike<\/strong><\/td>\n \n \n
\n Projekti rreziqet<\/strong><\/td>\n<\/tr>\n \n Vlera E Shtuar<\/strong><\/td>\n \n \n
\n Me qira e biznesit<\/strong><\/td>\n \n \n