Rental Market Frenzy Continues Despite Overall Inflation Slowdown
TL;DR
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
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