It looks like there's more misery on the horizon as experts in the property sector warn that rents are likely to keep on climbing, putting further strain on people's finances
RENTAL BLUES: As renters already face financial pressures, this trend could further compound their challenges
As many as 63 per cent of experts expect rental prices to increase within the next three months, marking a fresh high in records going back to the second quarter of 1999. This situation could further strain the financial pressures faced by renters. Additionally, a net balance of 44 per cent of property professionals reported a decline in agreed sales during July. This represents the weakest reading for the sales measure since the early stages of the pandemic.
According to him, economic uncertainty, rising interest rates and a tougher credit environment are creating obstacles for prospective purchasers. Additionally, the lettings market continues to experience high demand coupled with limited supply, contributing to the anticipated increase in rent prices.The persistently high inflation rate has led some major mortgage lenders to cut rates.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
House prices down, with further declines predicted into next yearThe UK housing market has experienced a setback as average house prices saw a decline, with nearly £1,000 wiped off between June and July
Lire la suite »
India's Shaw hits 244 for Northants in One-Day CupNorthamptonshire's Prithvi Shaw smashes 244 against Somerset in the One-Day Cup at Wantage Road.
Lire la suite »
Big lenders are cutting mortgage rates - here's what you need to knowExciting news for homebuyers! Some of the largest lenders in Britain are getting ready to lower their mortgage rates, which could make it easier for you to buy your dream home
Lire la suite »
Rape victim filmed ordeal on her phone - now her attacker has been jailed'Shaw is now paying the consequences for his actions'
Lire la suite »
Vicky Pattison's 'gorgeous' River Island midi dress down to £35The summer sale has massive reductions on summer dresses, swimwear, comfortable trousers and more
Lire la suite »