{"id":594,"date":"2020-02-11T15:30:31","date_gmt":"2020-02-11T12:30:31","guid":{"rendered":"http:\/\/nalog.fr\/sqsi-te-zgjedhin-strategji-te-investuar-ne-te-prones-jashte-shtetit\/"},"modified":"2020-02-11T15:30:31","modified_gmt":"2020-02-11T12:30:31","slug":"sqsi-te-zgjedhin-strategji-te-investuar-ne-te-prones-jashte-shtetit","status":"publish","type":"post","link":"https:\/\/nalog.fr\/sq\/sqsi-te-zgjedhin-strategji-te-investuar-ne-te-prones-jashte-shtetit\/","title":{"rendered":"Si t\u00eb zgjedhin strategji t\u00eb investuar n\u00eb t\u00eb pron\u00ebs jasht\u00eb shtetit"},"content":{"rendered":"<p>Shum\u00eb investitor\u00eb q\u00eb t\u00eb investoj\u00eb n\u00eb t\u00eb pron\u00ebs jasht\u00eb shtetit, duke k\u00ebrkuar kthim t\u00eb lart\u00eb. Megjithat\u00eb, jo t\u00eb gjith\u00eb e kupton se nj\u00eb pjes\u00eb t\u00eb madhe fillestare t\u00eb jepnin do t\u00eb thot\u00eb rreziqe t\u00eb larta, q\u00eb \u00ebsht\u00eb, probabiliteti i t\u00eb ardhurave t\u00eb ul\u00ebta n\u00eb afat t\u00eb gjat\u00eb.<\/p>\n<p>Ne rekomandojm\u00eb klient\u00ebt p\u00ebr t\u00eb vler\u00ebsuar rreziqet dhe t\u00eb strategjis\u00eb s\u00eb investimit me nj\u00eb ekuilib\u00ebr optimal t\u00eb besueshm\u00ebris\u00eb, rentabilitetin, pun\u00ebs dhe faktor\u00ebve t\u00eb tjer\u00eb t\u00eb efikasitetit t\u00eb investimeve. Konsumator\u00ebt m\u00eb t\u00eb Tranio t\u00eb thjeshta t\u00eb p\u00ebrshtatshme me qira e biznesit n\u00eb nj\u00eb vend t\u00eb q\u00ebndrueshme me afat t\u00eb gjat\u00eb kontrat\u00ebn e qeras\u00eb dhe menaxhimit n\u00ebp\u00ebrmjet menaxhimit t\u00eb kompanis\u00eb. N\u00eb k\u00ebt\u00eb artikull, ne do t\u00eb shikojm\u00eb se si t\u00eb japin m\u00eb t\u00eb mir\u00eb t\u00eb jepnin me k\u00ebt\u00eb strategji.<\/p>\n<h2>Pse \u00ebsht\u00eb e thjesht\u00eb me qira biznesit<\/h2>\n<p>Tipike investitor\u00ebt, t\u00eb cil\u00ebt p\u00ebrdorin sh\u00ebrbimet Tranio nd\u00ebrmarr\u00ebs t\u00eb suksessh\u00ebm nga Rusia, Brazili, Irani apo Kina. Zakonisht n\u00eb sht\u00ebpi ata jan\u00eb t\u00eb hapur nj\u00eb biznes q\u00eb sjell t\u00eb ardhurat kryesore. Nga t\u00eb huaj t\u00eb pasurive t\u00eb patundshme ata preferojn\u00eb t\u00eb marrin t\u00eb ardhura pasive me minimale t\u00eb p\u00ebrfshirjes n\u00eb menaxhim. Ajo \u00ebsht\u00eb nj\u00eb investim jo vet\u00ebm p\u00ebr p\u00ebrfitim, por p\u00ebr t\u00eb ruajtur kapitalin dhe p\u00ebr t\u00eb mbrojtur at\u00eb nga politike dhe rreziqeve ekonomike e vendit t\u00eb tij.<\/p>\n<p>Konsumator\u00ebt m\u00eb nuk planifikojn\u00eb p\u00ebr t\u00eb shitur pron\u00eb me qira n\u00eb t\u00eb ardhmen e af\u00ebrt. Kjo pron\u00eb ofron investitor\u00ebve me nj\u00eb personal t\u00eb pensioneve dhe nj\u00eb garanci financiare mir\u00ebqenien e f\u00ebmij\u00ebve t\u00eb tyre. Motiv tjet\u00ebr i r\u00ebnd\u00ebsish\u00ebm \u2014 nj\u00eb leja e q\u00ebndrimit n\u00eb SHBA apo Europ\u00eb, e cila ofron mund\u00ebsi bler\u00ebsit n\u00eb sht\u00ebpi.<\/p>\n<p>Investitor\u00ebt tan\u00eb zakonisht nuk jan\u00eb t\u00eb p\u00ebrshtatshme projekte n\u00eb vler\u00ebn e shtuar \u2014 nd\u00ebrtimit ose rizhvillimit. Investimet n\u00eb to jan\u00eb t\u00eb lidhura me rreziqe t\u00eb larta, duke p\u00ebrfshir\u00eb kalon buxhetet, v\u00ebshtir\u00ebsit\u00eb me regjistrimin e lejuar dokumente, t\u00eb fryra t\u00eb blerjes dhe t\u00eb gjat\u00eb t\u00eb k\u00ebrkuar p\u00ebr nj\u00eb bler\u00ebs. Investitori k\u00ebrkon edhe pjes\u00ebmarrjen aktive n\u00eb projekt dhe t\u00eb ve\u00e7anta t\u00eb kualifikimeve n\u00eb nd\u00ebrtimin e biznesit. Projekti p\u00ebr zhvillimin efektiv si nj\u00eb profesioni dhe jo si nj\u00eb mjet p\u00ebr ruajtjen e kapitalit.<\/p>\n<p>K\u00ebshtu, jo-core investitor\u00ebt, ne rekomandojm\u00eb nj\u00eb t\u00eb thjesht\u00eb me qira biznesit: p\u00ebr t\u00eb bler\u00eb pron\u00ebn e grisi at\u00eb. Kjo \u00ebsht\u00eb rrezik t\u00eb ul\u00ebt dhe t\u00eb thjesht\u00eb p\u00ebr zbatimin e strategjis\u00eb.<\/p>\n<h2>Buxheti dhe llojet e objekteve t\u00eb<\/h2>\n<p>Ne rekomandojm\u00eb q\u00eb ju t\u00eb konsideroni duke investuar n\u00eb t\u00eb pron\u00ebs jasht\u00eb shtetit me nj\u00eb buxhet prej 200 mij\u00eb euro. M\u00eb e lir\u00eb, me p\u00ebrjashtime t\u00eb rralla, \u00ebsht\u00eb e v\u00ebshtir\u00eb p\u00ebr t\u00eb bler\u00eb t\u00eb l\u00ebngshme objekt. N\u00eb k\u00ebt\u00eb segment ne rekomandojm\u00eb p\u00ebr t\u00eb bler\u00eb apartamente banimi. Nd\u00ebr p\u00ebrpar\u00ebsit\u00eb e tyre, \u2014 t\u00eb lart\u00eb t\u00eb likuiditetit dhe t\u00eb q\u00ebndrueshme t\u00eb k\u00ebrkes\u00ebs.<\/p>\n<p>Me nj\u00eb buxhet prej mbi 2,5 milion Euro \u00ebsht\u00eb q\u00eb t\u00eb p\u00ebrq\u00ebndrohet n\u00eb komerciale \u2014 kryesisht me pakic\u00eb t\u00eb pronave dhe azilet.<\/p>\n<p>Pavar\u00ebsisht buxhetit, 50-60% t\u00eb vler\u00ebs s\u00eb pron\u00ebs q\u00eb ju zakonisht mund t\u00eb merrni nj\u00eb kredi, n\u00eb m\u00ebnyr\u00eb t\u00eb investuar n\u00eb pron\u00eb me qira mund t\u00eb filloj\u00eb dhe 100 mij\u00eb euro nga fondet e veta.<\/p>\n<\/p>\n<h3>Llojet e pasurive t\u00eb patundshme komerciale dhe parametrat e tyre<br \/>\nTranio t\u00eb t\u00eb dh\u00ebnave (mesataren e vlerave t\u00eb rekomanduara)*<\/h3>\n<table class=\"left\">\n<tr>\n<th>Llojet<br \/>\nobjektet<\/th>\n<th>Rendimenti,<br \/>\n% p<\/th>\n<th>Koh\u00eb<br \/>\nkontrata<br \/>\nqira<\/th>\n<th>Avantazhet<\/th>\n<th>Disavantazhet<\/th>\n<\/tr>\n<tbody>\n<tr>\n<th colspan=\"5\"><strong>Nga 300 mij\u00eb euro<\/strong><\/th>\n<\/tr>\n<tr>\n<td>Apartament (afat t\u00eb shkurt\u00ebr me qira)<\/td>\n<td>5-7<\/td>\n<td>Nga 1 dit\u00eb<\/td>\n<td>T\u00eb lart\u00eb t\u00eb likuiditetit; krahasuar me afatgjate p\u00ebr qiradh\u00ebnie \u2014 rendimenteve m\u00eb t\u00eb larta dhe ka probleme me d\u00ebbimin e qiramarr\u00ebsit; potenciali p\u00ebr rritje me qira<\/td>\n<td>Rreziqet dhe menaxhimin e joproduktive; krahasuar me nj\u00eb afat-gjat\u00eb qira \u2014 m\u00eb t\u00eb shpejt\u00eb t\u00eb veshin<\/td>\n<\/tr>\n<tr>\n<td>Apartament (afat gjat\u00eb qiraja)<\/td>\n<td>2-3<\/td>\n<td>Se 1 vit<\/td>\n<td>T\u00eb lart\u00eb t\u00eb likuiditetit; k\u00ebrkesa e lart\u00eb nga qiramarr\u00ebsit, t\u00eb q\u00ebndrueshme edhe gjat\u00eb kriz\u00ebs<\/td>\n<td>Rreziqet dhe menaxhimin e joproduktive; probleme me d\u00ebbimin e qiramarr\u00ebsve<\/td>\n<\/tr>\n<tr>\n<td>Banimit t\u00eb student\u00ebve<\/td>\n<td>4-6<\/td>\n<td>Nga 6 muaj<\/td>\n<td>K\u00ebrkesa e lart\u00eb nga qiramarr\u00ebsit<\/td>\n<td>N\u00eb krahasim me apartamente \u2014 m\u00eb t\u00eb ul\u00ebt t\u00eb likuiditetit, \u00ebsht\u00eb e v\u00ebshtir\u00eb p\u00ebr t\u00eb repurpose<\/td>\n<\/tr>\n<tr>\n<th colspan=\"5\"><strong>Nga 2.5 milion\u00eb euro<\/strong><\/th>\n<\/tr>\n<tr>\n<td>Apartament sht\u00ebpi<\/td>\n<td>3-5<\/td>\n<td>Se 1 vit<\/td>\n<td>T\u00eb lart\u00eb t\u00eb likuiditetit dhe rritjen e mundshme t\u00eb kapitalizimit<\/td>\n<td>T\u00eb ul\u00ebt t\u00eb jepnin, shum\u00eb e qiramarr\u00ebsve, problemet, d\u00ebbimin, duhet nj\u00eb kompani t\u00eb menaxhimit<\/td>\n<\/tr>\n<tr>\n<td>Rrug\u00eb e dyqane<\/td>\n<td>3-4<\/td>\n<td>3-10 vjet<\/td>\n<td>T\u00eb lart\u00eb t\u00eb likuiditetit dhe rritjen e mundshme t\u00eb kapitalizimit<\/td>\n<td>T\u00eb ul\u00ebt t\u00eb jepnin<\/td>\n<\/tr>\n<tr>\n<td>Supermarkete<\/td>\n<td>5-6,5<\/td>\n<td>12-15 vjet<\/td>\n<td>T\u00eb jepnin t\u00eb lart\u00eb, afatgjat\u00eb kontratave<\/td>\n<td>Af\u00ebr skadimit t\u00eb afatit t\u00eb kontrat\u00ebs, m\u00eb t\u00eb ul\u00ebt t\u00eb likuiditetit<\/td>\n<\/tr>\n<tr>\n<th colspan=\"5\"><strong>Nga 10 milion euro<\/strong><\/th>\n<\/tr>\n<tr>\n<td>Sht\u00ebpi pleqsh<\/td>\n<td>5-6,5<\/td>\n<td>20-25 vjet<\/td>\n<td>Rritja e numrit t\u00eb pensionist\u00ebve, afatgjat\u00eb kontratave<\/td>\n<td>\u00cbsht\u00eb e v\u00ebshtir\u00eb p\u00ebr t\u00eb repurpose<\/td>\n<\/tr>\n<tr>\n<td>Qendrat tregtare<\/td>\n<td>4-6<\/td>\n<td>5-15 vjet<\/td>\n<td>T\u00eb lart\u00eb t\u00eb jepnin<\/td>\n<td>Rreziqet p\u00ebr menaxhim t\u00eb nj\u00eb numri t\u00eb madh t\u00eb qiramarr\u00ebsit<\/td>\n<\/tr>\n<tr>\n<td>Hotele<\/td>\n<td>4-6<\/td>\n<td>10-20 vjet<\/td>\n<td>T\u00eb lart\u00eb t\u00eb jepnin<\/td>\n<td>\u00cbsht\u00eb e v\u00ebshtir\u00eb p\u00ebr t\u00eb repurpose<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>* Mesatarja e vlerave t\u00eb objekteve:<\/p>\n<ul>\n<li>n\u00eb zonat e pasura t\u00eb m\u00ebdha t\u00eb qyteteve Evropiane;<\/li>\n<li>objekte t\u00eb reja, ose pas m\u00ebdha riparime;<\/li>\n<li>kontrat\u00eb qiraje n\u00eb fillim t\u00eb periudh\u00ebs s\u00eb vlefshm\u00ebris\u00eb.<\/li>\n<\/ul>\n<h2>Location<\/h2>\n<p>Vendndodhjen e nj\u00eb objekti \u00ebsht\u00eb drejtp\u00ebrdrejt e varur nga rreziqet dhe t\u00eb investimeve t\u00eb kthimit. Ne rekomandojm\u00eb investim n\u00eb vendet me ekonomit\u00eb e zhvilluara dhe t\u00eb q\u00ebndruesh\u00ebm t\u00eb sistemit politik. T\u00eb pakt\u00ebn rrezik t\u00eb ndryshojn\u00eb Austri, BRITANI e madhe, Gjermani, SHBA, Franc\u00eb dhe Zvic\u00ebr; n\u00eb k\u00ebto vende m\u00eb pak t\u00eb ngjar\u00eb hiperinflacioni, r\u00ebnia e monedhave komb\u00ebtare dhe uljen e PBB-s\u00eb.<\/p>\n<p>M\u00eb ruse konsumator\u00ebt preferojn\u00eb Gjermani p\u00ebr shkak t\u00eb af\u00ebrsis\u00eb gjeografike, por edhe p\u00ebr shkak se n\u00eb krahasim me t\u00eb tjera t\u00eb listuara vendeve japin n\u00eb Gjermani \u00ebsht\u00eb nj\u00eb pak m\u00eb shum\u00eb, e kreditimit kushtet jan\u00eb m\u00eb t\u00eb mira dhe taksat jan\u00eb pak m\u00eb t\u00eb ul\u00ebt. Por vende t\u00eb tjera n\u00eb k\u00ebt\u00eb list\u00eb jan\u00eb edhe t\u00eb interesit: p\u00ebr shembull, disa investitor\u00eb t\u00eb zgjedhin NE p\u00ebr shkak se ata jan\u00eb duke pritur se ka m\u00eb shum\u00eb t\u00eb kapitalizimit, t\u00eb tjer\u00ebt t\u00eb ken\u00eb frik\u00eb nga dob\u00ebsimi i ekonomis\u00eb gjermane p\u00ebr shkak t\u00eb ngjarjeve politike, nd\u00ebrsa t\u00eb tjer\u00ebt t\u00eb fitojn\u00eb profitabile t\u00eb pasurive t\u00eb patundshme n\u00eb vende t\u00eb tjera, ku e tyre t\u00eb biznesit apo t\u00eb interesave personale.<\/p>\n<p>Ne sugjerojm\u00eb t\u00eb marrin n\u00eb konsiderat\u00eb edhe monedh\u00ebn n\u00eb t\u00eb cil\u00ebn jepen shpenzimet e investitorit e t\u00eb familjes n\u00eb 5-10 vjet. P\u00ebr shembull, n\u00ebse keni pron\u00eb banimi n\u00eb BRITANI t\u00eb madhe dhe nuk e f\u00ebmij\u00ebve tuaj, ju duhet t\u00eb shikoni p\u00ebr objekte me qira t\u00eb ardhurat nga e cila \u00ebsht\u00eb krijuar n\u00eb sterlina.<\/p>\n<p>Nd\u00ebr t\u00eb tjera lokalitete \u00ebsht\u00eb m\u00eb mir\u00eb p\u00ebr t\u00eb zgjedhur qytetet e m\u00ebdha dhe t\u00eb pasura periferi apo t\u00eb mesme qytetet me rritjen e popullsis\u00eb, dhe p\u00ebr t\u00eb zhvilluar tregun e pun\u00ebs dhe potencialin e rritjes ekonomike. Ne ju rekomandojm\u00eb q\u00eb t\u00eb p\u00ebrq\u00ebndrohet n\u00eb t\u00eb provuar vende q\u00eb tashm\u00eb t\u00eb ket\u00eb nj\u00eb investim t\u00eb suksessh\u00ebm p\u00ebrvoj\u00ebn e bashk\u00ebkomb\u00ebsve. P\u00ebr shembull, nj\u00eb t\u00eb mir\u00eb opsionet e Evrop\u00ebs Per\u00ebndimore kryeqyteteve dhe qyteteve t\u00eb m\u00ebdha t\u00eb Per\u00ebndimit, Gjermania.<\/p>\n<p>Zgjedhja e zon\u00ebs varet nga lloji i pron\u00ebs. P\u00ebr shembull, n\u00eb rrug\u00eb e dyqane, ajo \u00ebsht\u00eb m\u00eb mir\u00eb p\u00ebr t\u00eb bler\u00eb n\u00eb rrug\u00ebt kryesore me trafik t\u00eb r\u00ebnduar, dhe afariste-depo \u2014 n\u00eb periferi t\u00eb qyteteve t\u00eb m\u00ebdha n\u00eb af\u00ebrsi t\u00eb rrug\u00ebs.<\/p>\n<h2>Qiramarr\u00ebsit dhe marr\u00ebveshje p\u00ebr qiradh\u00ebnie<\/h2>\n<p>N\u00ebse ju merrni me qira pron\u00ebn banesore, qiramarr\u00ebsve preferuar nj\u00eb nga klasa e mesme e familjes me nj\u00eb t\u00eb mir\u00eb e historis\u00eb s\u00eb kredive dhe t\u00eb q\u00ebndrueshme t\u00eb t\u00eb ardhurave. Dhe n\u00eb segmentin e pasurive t\u00eb patundshme komerciale jan\u00eb m\u00eb pak t\u00eb rrezikshme p\u00ebr t\u00eb objekteve q\u00eb tashm\u00eb jan\u00eb dh\u00ebn\u00eb me qira p\u00ebr t\u00eb korporatave t\u00eb m\u00ebdha qiramarr\u00ebsit q\u00eb operojn\u00eb n\u00eb treg p\u00ebr dhjet\u00ebra apo qindra vite. Mund\u00ebsia e falimentimit t\u00eb tilla qiramarr\u00ebsi m\u00eb pak se t\u00eb vog\u00ebl t\u00eb kompanive private. Informacion rreth gjendjes financiare t\u00eb qiramarr\u00ebsit mund t\u00eb merret nga avokat\u00eb n\u00eb procesin e kontrollimit t\u00eb objektit (due Diligence).<\/p>\n<p>Objekte me nj\u00eb num\u00ebr t\u00eb madh t\u00eb qiramarr\u00ebsit (p.sh., apartament, sht\u00ebpi apo qendrat tregtare) nuk jan\u00eb t\u00eb p\u00ebrshtatshme t\u00eb huaj jo-core investitor\u00ebt. N\u00eb p\u00ebrvoj\u00ebn ton\u00eb, n\u00eb qoft\u00eb se qiramarr\u00ebsi \u00ebsht\u00eb m\u00eb shum\u00eb se pes\u00eb, ajo rrit ndjesh\u00ebm rrezikun e menaxhimit dhe rrit k\u00ebrkesat p\u00ebr profesionalizmin e menaxhimit t\u00eb kompanis\u00eb. Ajo q\u00eb \u00ebsht\u00eb m\u00eb e mira p\u00ebr t\u00eb bler\u00eb prona me t\u00eb vetmin qiramarr\u00ebsi.<\/p>\n<p>Nj\u00eb kusht i r\u00ebnd\u00ebsish\u00ebm e qiramarrjes me marr\u00ebveshjen p\u00ebr ndarjen e shpenzimeve t\u00eb institucionit n\u00eb mes t\u00eb pronarit dhe qiramarr\u00ebsi: kush i paguan tatimin n\u00eb pron\u00eb, t\u00eb sh\u00ebrbimeve publike, t\u00eb sigurimit dhe shpenzime t\u00eb tjera. Ne sugjerojm\u00eb p\u00ebr t\u00eb reduktuar rreziqet nga blerja e objekteve n\u00eb t\u00eb cilat maksimale e shpenzimeve operative t\u00eb akuzuar p\u00ebr qiramarr\u00ebsit. Kontratat e k\u00ebtij lloji jan\u00eb t\u00eb referuara si nj\u00eb NN Qira (t\u00eb Dyfisht\u00eb Neto i Qiras\u00eb) ose NNN Qira (Triple Neto i Qiras\u00eb), dallimet e tyre nga variantet e tjera treguar n\u00eb tabel\u00ebn e m\u00ebposhtme:<\/p>\n<\/p>\n<table>\n<tr>\n<th rowspan=\"2\">Lloji i qiras\u00eb<\/th>\n<th colspan=\"4\">Kostoja e pronarit<\/th>\n<\/tr>\n<tr>\n<td>Riparimi i fasad\u00ebs<br \/>\ndhe nd\u00ebrtimit<br \/>\nharton<\/td>\n<td>P\u00ebrmbajtja<br \/>\ndhe mir\u00ebmbajtjen e<\/td>\n<td>Sigurimi<\/td>\n<td>Tatimore<br \/>\nreal estate<\/td>\n<\/tr>\n<tbody>\n<tr>\n<th>T\u00eb Ardhurat Bruto T\u00eb Qiras\u00eb Kontrata E Qiras\u00eb<\/th>\n<td>\u2713<\/td>\n<td>\u2713<\/td>\n<td>\u2713<\/td>\n<td>\u2713<\/td>\n<\/tr>\n<tr>\n<th>N Qira<br \/>\n(E Vetme Neto I Qiras\u00eb)<\/th>\n<td style=\"vertical-align: middle;\">\u2713<\/td>\n<td style=\"vertical-align: middle;\">\u2713<\/td>\n<td style=\"vertical-align: middle;\">\u2713<\/td>\n<td style=\"vertical-align: middle;\">\u00b7<\/td>\n<\/tr>\n<tr>\n<th>NN Qira<br \/>\n(T\u00eb Dyfisht\u00eb Neto I Qiras\u00eb)<\/th>\n<td style=\"vertical-align: middle;\">\u2713<\/td>\n<td style=\"vertical-align: middle;\">\u2713<\/td>\n<td style=\"vertical-align: middle;\">\u00b7<\/td>\n<td style=\"vertical-align: middle;\">\u00b7<\/td>\n<\/tr>\n<tr>\n<th>NNN Qira<br \/>\n(Triple Neto T\u00eb Qiras\u00eb,<br \/>\nnj\u00eb homologe n\u00eb Gjermani \u2014Dach &amp; Fach)<\/th>\n<td style=\"vertical-align: middle;\">\u2713<\/td>\n<td style=\"vertical-align: middle;\">\u00b7<\/td>\n<td style=\"vertical-align: middle;\">\u00b7<\/td>\n<td style=\"vertical-align: middle;\">\u00b7<\/td>\n<\/tr>\n<tr>\n<th>Absolute NNN Qira<\/th>\n<td>\u00b7<\/td>\n<td>\u00b7<\/td>\n<td>\u00b7<\/td>\n<td>\u00b7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Ajo \u00ebsht\u00eb e rekomanduar p\u00ebr t\u00eb bler\u00eb artikuj c afat t\u00eb gjat\u00eb (10-20 vjet) qiras\u00eb kontrata jo-cancellable, dhe me t\u00eb v\u00ebshtir\u00eb me qira shkalla pa referenc\u00eb t\u00eb operimit performanca e biznesit t\u00eb qiramarr\u00ebsit. Mbani n\u00eb mend se kjo kontrat\u00eb \u00ebsht\u00eb e detyrueshme p\u00ebr t\u00eb dyja pal\u00ebt: nuk \u00ebsht\u00eb vet\u00ebm q\u00eb qiramarr\u00ebsi siguron t\u00eb q\u00ebndrueshme qirat\u00eb p\u00ebr t\u00eb gjith\u00eb k\u00ebt\u00eb periudh\u00eb, por se pronari nuk ka t\u00eb drejt\u00eb p\u00ebr t\u00eb p\u00ebrz\u00ebn\u00eb qiramarr\u00ebsi deri n\u00eb skadimin e kontrat\u00ebs.<\/p>\n<p>Gjat\u00eb kontratave me afat japin investitorit shtes\u00eb t\u00eb sigurimit n\u00eb \u00e7mim rregullime, t\u00eb cilat nuk jan\u00eb t\u00eb mbrojtur nga edhe m\u00eb t\u00eb fuqishme tregjet e pasurive t\u00eb patundshme. N\u00eb qoft\u00eb se ju keni investuar n\u00eb nj\u00eb objekt me nj\u00eb 15-20 vje\u00e7are kontrat\u00eb, at\u00ebher\u00eb me probabilitet t\u00eb lart\u00eb p\u00ebr periudh\u00ebn e \u00e7mime m\u00eb t\u00eb ul\u00ebta do t\u00eb ndodh\u00eb n\u00eb 10 vjet\u00ebt e par\u00eb t\u00eb pron\u00ebsis\u00eb, q\u00eb nga ciklet e tregut t\u00eb pasurive t\u00eb patundshme t\u00eb ndjekin nj\u00ebri-tjetrin \u00e7do 7-10 vjet. Strikt t\u00eb kontratave p\u00ebr 15-20 vjet, luhatjet e \u00e7mimeve nuk do t\u00eb ndikoj\u00eb n\u00eb t\u00eb ardhurat tuaja, ashtu si\u00e7 \u00ebsht\u00eb e pamundur t\u00eb zgjidh\u00eb kontrat\u00ebn ose t\u00eb reduktuar qira. K\u00ebshtu, ju do t\u00eb jet\u00eb n\u00eb gjendje t\u00eb pres\u00eb deri t\u00eb tregut t\u00eb rim\u00ebk\u00ebmbet, dhe p\u00ebr t\u00eb l\u00ebn\u00eb projektin n\u00eb kushte t\u00eb mira.<\/p>\n<p>Edhe me koh\u00eb t\u00eb kontrat\u00ebs kjo zakonisht \u00ebsht\u00eb e mundur t\u00eb indeksit t\u00eb qirat\u00eb n\u00eb p\u00ebrputhje me inflacionin \u00e7do vit n\u00eb rritje e tyre me rreth 1-2 %. N\u00eb qoft\u00eb se nj\u00eb pozitiv t\u00eb zhvillimit t\u00eb tregut n\u00eb k\u00ebt\u00eb ka disavantazhet e saj. P\u00ebr shembull, n\u00ebse e tregut t\u00eb strehimit vazhdon t\u00eb rritet \u00e7do vit me 4 %, dhe n\u00eb 10 vite ju do t\u00eb donte p\u00ebr t\u00eb kaluar nj\u00eb objekt m\u00ebnyr\u00eb t\u00eb konsiderueshme m\u00eb shum\u00eb se rritja e inflacionit \u2014 ju nuk do t\u00eb jet\u00eb n\u00eb gjendje t\u00eb b\u00ebj\u00eb k\u00ebt\u00eb, sepse limit i kontrat\u00ebs. Prandaj, investitor\u00ebt, t\u00eb cil\u00ebt besojn\u00eb n\u00eb rritjen e tregut n\u00eb afat t\u00eb gjat\u00eb, ajo \u00ebsht\u00eb e mir\u00eb p\u00ebr t\u00eb bler\u00eb prona me pes\u00eb-vje\u00e7ar kontrata (p.sh., pasurive t\u00eb patundshme komerciale, dhe rrug\u00ebt e k\u00ebmb\u00ebsor\u00ebve) dhe t\u00eb indeksit t\u00eb qiras\u00eb n\u00eb fund t\u00eb kontrat\u00ebs.<\/p>\n<h2>Potencialin e rritjes s\u00eb kostos<\/h2>\n<p>T\u00eb ul\u00ebt t\u00eb rrezikut t\u00eb mjeteve n\u00eb tregjet Per\u00ebndimore jan\u00eb shitur me nj\u00eb fillestar jepnin me qira prej 3 deri n\u00eb 7 %. P\u00ebr t\u00eb bler\u00eb objekte me nj\u00eb fillestar t\u00eb jepnin nga mbi 7% ne besojm\u00eb se \u00ebsht\u00eb e panevojshme dhe t\u00eb pafavorshme p\u00ebr nj\u00eb investitor t\u00eb huaj: n\u00eb projekte t\u00eb tilla t\u00eb lart\u00eb gjasat q\u00eb n\u00eb horizontin e 5-10 vjet zbatuar ndonj\u00eb rrezik, kostoja e likuidimit t\u00eb cilat do t\u00eb jet\u00eb m\u00eb e lart\u00eb se premium i rrezikut n\u00eb hyrje.<\/p>\n<p>P\u00ebrve\u00e7 k\u00ebsaj, tregjet me risk t\u00eb ul\u00ebt dhe kthim (si rregull, qendrat dhe prestigjioze n\u00eb zonat e qyteteve t\u00eb m\u00ebdha) jan\u00eb duke u b\u00ebr\u00eb m\u00eb t\u00eb shtrenjta, m\u00eb t\u00eb shpejta se ato q\u00eb karakterizohen nga nj\u00eb t\u00eb lart\u00eb fillestare t\u00eb jepnin dhe t\u00eb shoq\u00ebruara me rreziqe t\u00eb larta.<\/p>\n<p>P\u00ebr shembull, si\u00e7 tregohet nga Tranio retrospektiv analiza e \u00e7mimet e pasurive t\u00eb patundshme n\u00eb Shtetet e Bashkuara t\u00eb amerik\u00ebs, nga viti 2001 deri n\u00eb vitin 2015, objektet me fillestar t\u00eb jepnin e 3% u rrit n\u00eb \u00e7mimi nga nj\u00eb mesatare prej 5 % n\u00eb vit, me nj\u00eb t\u00eb jepnin prej 5% \u00ebsht\u00eb 4.7 %, me nj\u00eb t\u00eb jepnin t\u00eb 7 % \u2014 vet\u00ebm 3.5% n\u00eb vit, nd\u00ebrkoh\u00eb q\u00eb objekte me nj\u00eb t\u00eb jepnin t\u00eb 9% do t\u00eb mund t\u00eb binte n\u00eb \u00e7mim. N\u00eb mesin e t\u00eb bien n\u00eb objekte t\u00eb ishte i humbur n\u00eb vler\u00eb prej atyre q\u00eb ishin m\u00eb t\u00eb ul\u00ebt t\u00eb jepnin. Mund\u00ebsia e \u00e7mimet n\u00eb r\u00ebnie \u00ebsht\u00eb m\u00eb e lart\u00eb p\u00ebr t\u00eb objekteve me t\u00eb larta fillestare t\u00eb kthimit, k\u00ebshtu q\u00eb duke marr\u00eb parasysh mund\u00ebsia e k\u00ebtij rreziku ngjarje objekte me nj\u00eb fillestar rendimenti i 3-7% t\u00eb rezultoj\u00eb n\u00eb m\u00eb t\u00eb p\u00ebrgjithshme t\u00eb kthimit.<\/p>\n<p>P\u00ebr parashikimin e \u00e7mimeve t\u00eb rritjes jan\u00eb gjithashtu t\u00eb r\u00ebnd\u00ebsishme perspektivat p\u00ebr zhvillimin e qarkut. M\u00eb t\u00eb shpejt\u00eb t\u00eb shtrenjta t\u00eb pasurive t\u00eb patundshme, ku nuk \u00ebsht\u00eb gentrification \u2014 procesi me t\u00eb cilin zonave industriale jan\u00eb shnd\u00ebrruar n\u00eb qendra rezidenciale, fisnik\u00ebruar territorit, t\u00eb zhvilluar infrastruktur\u00ebn dhe nj\u00eb popullsis\u00eb me t\u00eb ardhura t\u00eb ul\u00ebta t\u00eb zhvendosur nga m\u00eb t\u00eb pasura. M\u00eb t\u00eb dobishme n\u00eb zonat q\u00eb jan\u00eb af\u00ebr qendr\u00ebs s\u00eb qytetit apo t\u00eb ket\u00eb t\u00eb mira lidhjet e transportit t\u00eb qendr\u00ebs.<\/p>\n<p>Optimale t\u00eb jepnin t\u00eb varet jo vet\u00ebm nga rreziqet, por edhe nga data e investimeve. Vogla t\u00eb asaj periudhe, aq m\u00eb i madh fillestare t\u00eb jepnin kuptim n\u00eb varg prej 3-7 %. P\u00ebr shembull, pa marr\u00eb parasysh me kredi me nj\u00eb 20-vje\u00e7are t\u00eb investimeve periudh\u00ebn m\u00eb t\u00eb lart\u00eb t\u00eb totalit t\u00eb kthehet (duke p\u00ebrfshir\u00eb rritjen e kapitalizimit) \u00ebsht\u00eb arritur n\u00eb nj\u00eb fillestar rendimenti i 3.8\u20135.8 p\u00ebrqind; dhe n\u00eb qoft\u00eb se n\u00eb afatin e investimit \u00ebsht\u00eb 10 vjet, optimale fillestare rendimenti i 4.5\u20136.5 %. Konstatimin e till\u00eb analist\u00ebt Tranio marr\u00eb si rezultat i studimit t\u00eb 100 \u00e7ifte t\u00eb &#8220;yield \u2014 rritje e kapitalizmit&#8221; p\u00ebr rezidenciale t\u00eb pasuris\u00eb n\u00eb Gjermani.<\/p>\n<p>     <i><\/i><\/p>\n<h2>Kredi<\/h2>\n<p>Ju mund t\u00eb rris\u00eb rendimentin me nj\u00eb peng.<\/p>\n<p>Parat\u00eb e ngritur p\u00ebrmes hipotek\u00ebs, jan\u00eb m\u00eb t\u00eb lir\u00eb se qeramarr\u00ebsi i paguan qiran\u00eb. P\u00ebr shembull, kur blejn\u00eb pron\u00ebn e investimeve n\u00eb Gjermani, ju mund t\u00eb mb\u00ebshteteni n\u00eb nj\u00eb kredis\u00eb deri n\u00eb 60% i projektit kostoja nga 2-3% n\u00eb vit. Kur ju merrni me qira rendimenti i 6.5% kthimit t\u00eb kapitalit t\u00eb investuar, bazuar n\u00eb kredi mund t\u00eb arrij\u00eb deri n\u00eb 8-10 %.<\/p>\n<p>N\u00eb P\u00ebrgjith\u00ebsi rast, m\u00eb t\u00eb lir\u00eb t\u00eb kredive norma e ndryshueshme me nuk ka mund\u00ebsin\u00eb e nj\u00eb shlyerje t\u00eb parakohshme, dhe m\u00eb t\u00eb shtrenjt\u00eb, me nj\u00eb norm\u00eb fikse, duke u mund\u00ebsuar t\u00eb hershme t\u00eb kthimit.<\/p>\n<p>M\u00eb mir\u00eb p\u00ebr t\u00eb marr\u00eb nj\u00eb kredi p\u00ebr nj\u00eb afat t\u00eb gjat\u00eb (10-15 vjet) afat m\u00eb t\u00eb gjat\u00eb, m\u00eb t\u00eb shtrenjta e parave, por e ul\u00eb rrezikun q\u00eb negative p\u00ebr kushtet e tregut, do t\u00eb ndikoj\u00eb n\u00eb kushtet e s\u00ebrish\u00ebm. N\u00eb rastin e pron\u00ebs komerciale, ajo \u00ebsht\u00eb e rekomanduar p\u00ebr t\u00eb rregulluar nj\u00eb peng skem\u00eb n\u00eb t\u00eb cil\u00ebn i par\u00eb p\u00ebr t\u00eb paguar interesit dhe principalit \u2014 n\u00eb fund t\u00eb kredis\u00eb n\u00eb afatin e caktuar. \u00cbsht\u00eb e d\u00ebshirueshme q\u00eb n\u00eb fund t\u00eb mandatit t\u00eb paguhen, t\u00eb pakt\u00ebn 40-50 % t\u00eb trupit.<\/p>\n<p>Nuk \u00ebsht\u00eb e nevojshme p\u00ebr t\u00eb ri-kreditit objekt dhe p\u00ebr t\u00eb marr\u00eb hua shum\u00eb. Por nuk duhet t\u00eb jet\u00eb shum\u00eb e vog\u00ebl sepse do t\u00eb ishte e \u00e7uditshme t\u00eb mos p\u00ebrdorni mund\u00ebsin\u00eb p\u00ebr t\u00eb marr\u00eb kredi m\u00eb t\u00eb lir\u00eb se sa paguajn\u00eb qiramarr\u00ebsi.<\/p>\n<h2>Tatimore optimization<\/h2>\n<p>N\u00eb lidhje me optimizimin e tatimit mbi t\u00eb ardhurat e personave fizik\u00eb n\u00eb Evrop\u00eb dhe Shtetet e Bashkuara p\u00ebr t\u00eb paguar saj proporcionale me sasin\u00eb e t\u00eb ardhurave dhe pasurive t\u00eb patundshme me vler\u00eb prej 1 milion euro \u00ebsht\u00eb m\u00eb e leht\u00eb p\u00ebr t\u00eb nxjerr\u00eb mbi nj\u00eb person. M\u00eb e shtrenjt\u00eb pika m\u00eb e lir\u00eb p\u00ebr t\u00eb regjistruar nj\u00eb kompani p\u00ebr shkak t\u00eb juridik\u00eb zakonisht shesht\u00eb dhe norm\u00eb m\u00eb t\u00eb ul\u00ebt t\u00eb t\u00eb ardhurave tatimore. Gjithashtu, kompanit\u00eb jan\u00eb m\u00eb t\u00eb leht\u00eb p\u00ebr t\u00eb ulur t\u00eb ardhurat e tatueshme p\u00ebrmes zhvler\u00ebsimit dhe zbritjet p\u00ebr kredi nga Banka dhe argjendari.<\/p>\n<p>Ajo \u00ebsht\u00eb e mir\u00eb n\u00eb qoft\u00eb se nj\u00eb marr\u00ebveshje mund t\u00eb jet\u00eb e organizuar n\u00eb m\u00ebnyr\u00eb q\u00eb t\u00eb paguajn\u00eb taksat vet\u00ebm n\u00eb vendin e vendndodhjes s\u00eb pron\u00ebs. K\u00ebt\u00eb mund\u00ebsi, varet nga taksa e q\u00ebndrimit p\u00ebr investitor, nd\u00ebrshtet\u00ebror t\u00eb marr\u00ebveshjeve p\u00ebr shmangien e tatimit t\u00eb dyfisht\u00eb, forma e pron\u00ebsis\u00eb, dhe faktor\u00eb t\u00eb tjer\u00eb. Tranio konsulent\u00ebve me k\u00ebshilltar\u00ebt tatimor t\u00eb ndihmoj\u00eb \u00e7do klienti individualisht p\u00ebr struktur\u00ebn e transaksionit dhe t\u00eb organizojm\u00eb kredis\u00eb n\u00eb kushte m\u00eb t\u00eb mira.<\/p>\n<h2>Rezultati i projektit<\/h2>\n<p>Zakonisht periudha e pron\u00ebsis\u00eb e t\u00eb ardhurave t\u00eb pasuris\u00eb para shitje \u2014 5-20 vjet. Si rregull, ju duhet t\u00eb pakt\u00ebn 13-14 vjet, objekti ka paguar dhe filloi p\u00ebr t\u00eb b\u00ebr\u00eb nj\u00eb fitim. N\u00eb disa vende, investitor\u00ebt mb\u00ebshtetet n\u00eb nj\u00eb afat q\u00eb \u00ebsht\u00eb n\u00eb shitje pasi q\u00eb nuk \u00ebsht\u00eb paguar nj\u00eb tatim mbi fitimet kapitale (p\u00ebr shembull, n\u00eb Gjermani ajo \u00ebsht\u00eb 10 vjet).<\/p>\n<p>N\u00ebse ajo do t\u00eb jet\u00eb fitimprur\u00ebs p\u00ebr t\u00eb shitur pron\u00ebn pas shum\u00eb vitesh \u2014 nj\u00eb ky\u00e7 t\u00eb investimit rreziqet, t\u00eb cilat shpesh nuk llogari p\u00ebr klient\u00ebt q\u00eb jan\u00eb t\u00eb interesuar n\u00eb nj\u00eb t\u00eb jepnin t\u00eb lart\u00eb. Ata jan\u00eb t\u00ebrhequr nga ofertat me nj\u00eb fillestar jepnin prej 8% dhe mbi t\u00eb; shembuj tipik jan\u00eb Parking apo t\u00eb strehimit p\u00ebr student\u00ebt n\u00eb periferi. \u00c7el\u00ebsi disavantazhi i k\u00ebtyre objekteve \u00ebsht\u00eb i ul\u00ebt likuiditeti, q\u00eb \u00ebsht\u00eb, pak k\u00ebrkesa p\u00ebr t\u00eb bler\u00eb. N\u00ebse ju jeni duke shkuar p\u00ebr t&#8217;i shitur, do t\u00eb reduktoj\u00eb ndjesh\u00ebm \u00e7mimi, e cila n\u00eb fund t\u00eb fundit eliminon t\u00eb lart\u00eb fillestare t\u00eb jepnin.<\/p>\n<p>Kur e planifikimit horizont \u00ebsht\u00eb 10-20 vjet ne sugjerojm\u00eb t\u00eb marrin n\u00eb konsiderat\u00eb nj\u00eb pron\u00eb komerciale me nj\u00eb fillestar jepnin prej 5 % (n\u00eb var\u00ebsi t\u00eb rekomandime t\u00eb tjera t\u00eb k\u00ebtij neni). Shpesh kostoja e tyre \u00ebsht\u00eb n\u00eb rritje me 2-3% n\u00eb vit me t\u00eb tregut, apo edhe m\u00eb t\u00eb shpejt\u00eb se ai. Ajo \u00ebsht\u00eb nj\u00eb fuqishme objekt q\u00eb mund t\u00eb jet\u00eb fitimprur\u00ebs p\u00ebr t\u00eb shitur para t\u00eb planifikuara data n\u00ebse planet tuaja t\u00eb ndryshoj\u00eb. Por n\u00ebn stres skenar t\u00eb till\u00eb, nj\u00eb pron\u00eb m\u00eb pak humbje n\u00eb vler\u00eb, aq m\u00eb i rreziksh\u00ebm projekte me t\u00eb lart\u00eb fillestare t\u00eb kthimit.<\/p>\n<p>Megjithat\u00eb, n\u00ebse ju jeni duke shkuar p\u00ebr t\u00eb shitur pron\u00ebn n\u00eb 1-3 vjet, ajo \u00ebsht\u00eb e mir\u00eb p\u00ebr t\u00eb bler\u00eb m\u00eb fitimprur\u00ebse t\u00eb pron\u00ebs n\u00eb rajon me rritje t\u00eb mundshme. Sot nj\u00eb e till\u00eb vende n\u00eb Evrop\u00eb \u00ebsht\u00eb Spanja, me seli Qendrore n\u00eb tregjet e Madridit dhe Barcelona. Megjithat\u00eb, \u00ebsht\u00eb e pamundur t\u00eb thuhet n\u00ebse rritja n\u00eb k\u00ebto tregje t\u00eb ardhsh\u00ebm 10-20 vjet, k\u00ebshtu q\u00eb p\u00ebr investimet afatgjata q\u00eb synojn\u00eb ruajtjen e kapitalit \u00ebsht\u00eb m\u00eb mir\u00eb p\u00ebr t\u00eb zgjedhur nj\u00eb vend t\u00eb parashikueshme.<\/p>\n<p>N\u00ebse ju nuk planifikojn\u00eb t\u00eb shesin pronat dhe t\u00eb l\u00ebn\u00eb at\u00eb p\u00ebr trash\u00ebgimtar\u00eb, \u00ebsht\u00eb e r\u00ebnd\u00ebsishme t\u00eb zgjidhni formatin e duhur e posedimit, n\u00eb m\u00ebnyr\u00eb q\u00eb t\u00eb zgjedh trash\u00ebgimia tatimore. P\u00ebr shembull, n\u00eb Franc\u00eb nuk ka taksa mbi trash\u00ebgimin\u00eb dhe dhurimi, n\u00eb qoft\u00eb se objektin \u00ebsht\u00eb e regjistruar n\u00eb civile kompani t\u00eb pasurive t\u00eb patundshme transaksioneve (SCI). Dhe n\u00eb BRITANI t\u00eb madhe trash\u00ebgimin e p\u00ebrjashtimit nga taksat e pron\u00ebs, i projektuar p\u00ebr t\u00eb n\u00eb det t\u00eb hapur t\u00eb kompanis\u00eb.<\/p>\n<p>\u2022<\/p>\n<p>K\u00ebtu \u00ebsht\u00eb nj\u00eb p\u00ebrmbledhje e rekomandimet kryesore Tranio p\u00ebr investitor\u00ebt e pron\u00ebs jasht\u00eb shtetit<\/p>\n<\/p>\n<table class=\"left\" style=\"max-width: 85%;\">\n<tr>\n<th>\u00a0<\/th>\n<th>Prona rezidenciale<\/th>\n<th>Jo-rezidenciale t\u00eb pasurive t\u00eb patundshme<\/th>\n<\/tr>\n<tbody>\n<tr>\n<td>Buxhet minimal<\/td>\n<td>300 mij\u00eb euro<\/td>\n<td>2.5 milion\u00eb euro<\/td>\n<\/tr>\n<tr>\n<td>Objekti llojet<\/td>\n<td>Apartamente banimi p\u00ebr student\u00ebt<\/td>\n<td>Pasurive t\u00eb patundshme komerciale n\u00eb mbushur rrug\u00ebt, supermarkete, azilet<\/td>\n<\/tr>\n<tr>\n<td>Vend<\/td>\n<td colspan=\"2\" style=\"text-align: center;\">Austri, BRITANI e madhe, Gjermani, SHBA, Franc\u00eb, Zvic\u00ebr<\/td>\n<\/tr>\n<tr>\n<td>Qyteti<\/td>\n<td colspan=\"2\" style=\"text-align: center;\">T\u00eb m\u00ebdha t\u00eb popullsis\u00eb n\u00eb qendrat e me t\u00eb mir\u00eb demografike dhe rritja potenciale<\/td>\n<\/tr>\n<tr>\n<td>Zonat<\/td>\n<td>Vendet me ambient t\u00eb mir\u00eb dhe t\u00eb infrastruktur\u00ebs, t\u00eb njohura n\u00eb mesin e klas\u00ebs s\u00eb mesme; e zon\u00ebs p\u00ebrreth universitetet, qendrat sh\u00ebndet\u00ebsore dhe rrethet e biznesit<\/td>\n<td>Af\u00ebrsi t\u00eb arterieve t\u00eb transportit dhe t\u00eb transportit publik, n\u00eb vendet ku objektet e tjera t\u00eb ngjashme profilit<\/td>\n<\/tr>\n<tr>\n<td>Rritja potenciale<br \/>\nkapitalizimin<\/td>\n<td>T\u00eb lart\u00eb<\/td>\n<td>Mesatare<\/td>\n<\/tr>\n<tr>\n<td>Investimet e periudh\u00ebs<\/td>\n<td colspan=\"2\" style=\"text-align: center;\">10 vjet<\/td>\n<\/tr>\n<tr>\n<td>Optimale fillestar<br \/>\nyield<\/td>\n<td colspan=\"2\" style=\"text-align: center;\">4-6 %<br \/>\n(ju mund t\u00eb p\u00ebrmir\u00ebsoj\u00eb kreditit pik\u00eb)<\/td>\n<\/tr>\n<tr>\n<td>LTV (levave raporti<br \/>\ni projektit kostoja)<\/td>\n<td colspan=\"2\" style=\"text-align: center;\">60 %<\/td>\n<\/tr>\n<tr>\n<td>Kredi<\/td>\n<td colspan=\"2\" style=\"text-align: center;\">Lir\u00eb kredive norma e ndryshueshme me nuk ka mund\u00ebsin\u00eb e nj\u00eb shlyerje t\u00eb parakohshme; ju duhet t\u00eb zgjidhni skem\u00eb n\u00eb t\u00eb cil\u00ebn e par\u00eb t\u00eb kthimit n\u00eb p\u00ebrqindje, dhe trupi \u00ebsht\u00eb m\u00eb af\u00ebr deri n\u00eb fund t\u00eb mandatit<\/td>\n<\/tr>\n<tr>\n<td>Afati i kredis\u00eb<\/td>\n<td colspan=\"2\" style=\"text-align: center;\">10-15 vjet<\/td>\n<\/tr>\n<tr>\n<td>Qiramarr\u00ebsit<\/td>\n<td>Klasa e mesme, familjet me f\u00ebmij\u00eb, nx\u00ebn\u00ebs, zyra e pun\u00ebtor\u00ebve, pensionist\u00ebve<\/td>\n<td>Big shit\u00ebsit dhe menaxhimin e kompanive, t\u00eb cilat operojn\u00eb n\u00eb treg p\u00ebr disa dekada dhe jan\u00eb n\u00eb form\u00eb t\u00eb mir\u00eb financiare<\/td>\n<\/tr>\n<tr>\n<td>Lloji i qiras\u00eb<\/td>\n<td colspan=\"2\" style=\"text-align: center;\">NN ose NNN (p\u00ebr nj\u00eb maksimum t\u00eb shpenzimeve operative p\u00ebr t\u00eb qiramarr\u00ebsit);<br \/>\np\u00ebr nj\u00eb koh\u00eb t\u00eb gjat\u00eb afatit t\u00eb kontrat\u00ebs, pa t\u00eb drejt\u00ebn e nd\u00ebrprerjes s\u00eb kontrat\u00ebs<\/td>\n<\/tr>\n<tr>\n<td>Afati i qiras\u00eb<\/td>\n<td>1 dit\u00eb (afatshkurt\u00ebr),<br \/>\n1 vit (afatgjat\u00eb)<\/td>\n<td>5-20 vjet<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Georgy Kachmazov, menaxhimin partner Tranio<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shum\u00eb investitor\u00eb q\u00eb t\u00eb investoj\u00eb n\u00eb t\u00eb pron\u00ebs jasht\u00eb shtetit, duke k\u00ebrkuar kthim t\u00eb lart\u00eb. 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