Rental Market Frenzy Continues Despite Overall Inflation Slowdown
TL;DR Summary
A shortage of rental properties to match demand from tenants is causing a rise in the cost of renting, according to the Royal Institution of Chartered Surveyors (RICS). The proportion of RICS members reporting growth in demand was at a five-month high in March, with rents expected to rise across the UK, averaging a 4% annual increase. The rental sector is constrained by a lack of homes, with tax and regulations leading many landlords to consider whether to continue or sell up.
- Renting: Shortfall of properties creates frenzied market, surveyors say BBC
- Where are rents (the largest inflation contributor) going up? USA TODAY
- The Tame March CPI Numbers Deceive as the Price of Rent Surges Again Mish Talk
- US Families Find Some Relief as Prices of Many Household Necessities Retreat Bloomberg
- Rental Prices Continue Soaring as Overall Inflation Slows Reason
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
87%
633 → 82 words
Want the full story? Read the original article
Read on BBC