Warning to anyone renting a home as expert says rental market shows 'no signs of slowing down'
Experts are warning that renting could get even more expensive soon as a result of further increased demand and low supply. Rents are now expected to rise sharply once again in the next few months amid the already crippling cost of living crisis.
“Just as concerning are the insights being provided around the lettings markets. Demand shows no signs of letting up, supply remains constrained and that means rents are likely to continue rising sharply despite the cost-of-living crisis.” Looking at the housing market, 45 percent of property professionals reported new buyer inquiries falling rather than rising.
He added that higher mortgage rates have compounded issues for renters “which means the squeeze on tenants won’t vanish in the short term”. Among those who have given up on a home in the next decade, the cost-of-living crisis was seen as the main barrier to home ownership, house prices were highlighted by more than half as well as higher mortgage rates.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Conwy: Warning to avoid sea as E.coli found in north WalesSeveral beaches in north Wales have had warning signs put up due to bacterial pollution.
Læs mere »
State Pension warning as claimants hit by 'stealth tax' deductionMany are calling for it to be scrapped
Læs mere »
Urgent warning to anyone who registered to vote after 2014The Electoral Commission has revealed it was subject to a complex cyber-attack – but does not know what data was accessed, or who was behind the hack.
Læs mere »
Tornado warning issued for parts of Massachusetts: Watch live coverageAn ongoing complex of storms throughout the eastern half of the country will move through New England Tuesday. The storm will feature two distinct windows of opportunity for severe weather. The first arrived shortly before dawn and was expected to be the strongest of the two. Along the New England coast, scattered downpours and pockets of severe storms occurred during…
Læs mere »
DWP issues six-month warning after benefits eligibility criteria changeBereaved unmarried parents only have six months left to claim some extra money from the DWP
Læs mere »
WhatsApp scam alert as fraudsters target community groupsFraudsters have been posing as genuine members of large community and religious groups on the app, gaining people's trust, then taking over accounts and soliciting money from victims
Læs mere »