rentprices
The Royal Institution of Chartered Surveyors (RICS)’ UK residential market survey for April 2024 was released on Thursday, highlighting that house prices were little changed last month, registering a drop of -5%. This figure, however, largely missed analyst expectations of -2%. Most parts of England, especially southern parts and London saw mainly flat or slightly lower house prices, however, Scotland and Northern Ireland registered gains. Overall, the outlook for the next three months dropped to -13%, however, the outlook for the next year was significantly more upbeat, with house prices in t...
Euronews (English)
An increasing number of low-income Europeans are expecting to be late paying key bills over the coming months because of a rise in interest rates, rents and utilities costs, according to research by the European Central Bank (ECB). "The ability of households to meet their housing-related costs and mortgage payments is a source of concern, especially for lower-income households," the researchers wrote in an ECB economic bulletin article providing a snapshot of the "household housing burden" in the largest 11 eurozone economies. Since the ECB started to raise interest rate in July 2022, overall ...
Euronews (English)
The housing shortage in Ireland means that up to 58,000 new units are going to be needed in Ireland each year between now and 2027, according to estate agents Knight Frank and reported by RTE and the Irish Times. The number rises even further, to almost 62,000, when taking into account another 4,000 spaces needed for students, said the group. Of the 58,000 annual total, the report says, 32,000 properties should be for first time buyers or families while some 10,000 homes will be needed annually for those aged 75 and over. The report says 9,000 homes should be created for those in the 65 to 75 ...
Euronews (English)
The survey, which asked over 1,000 students about their experiences managing housing costs at university, also revealed that 7% experienced homelessness during their studies. "The results of this year's survey are deeply concerning, and highlight how life in a cost of living crisis is at risk of becoming the new normal for students," Save the Student's Communications Director, Tom Allingham, said. Which European countries have the highest and lowest salaries?In January 2024, the government announced that Maintenance Loans in England would see a 2.5% increase for the 2024/25 academic year mirro...
Euronews (English)
Nationwide, rents remained fairly flat in July. But in some markets, prices soared several dozen percentage points higher than they were a year ago. Jonas Bordo of Dwellsy shares 20 cities across America where renters are experiencing more than a little sticker shock. But when it comes to markets with the fastest-rising rents, well, that’s a different story. This group changes rapidly and unpredictably, and often includes cities you’d never expect. “July’s hottest rental markets are spread all over the country—from the East Coast to the West…and lots are in the Midwest, too,” says Bordo, coaut...
ValueWalk
The U.S. rental market is experiencing a moderation trend, but prices vary dramatically by region. Jonas Bordo of Dwellsy breaks down which parts of the country are most and least expensive for renters, and which regions are seeing rising (or falling) asking rents. “When our team looked at the data, we found that some of our preconceived notions about regional rents turned out to be correct – but other assumptions were soundly overturned,” says Bordo, coauthor along with Hannah Hildebolt of Everything You Need to Know About Renting But Didn’t Know to Ask (Matt Holt, August 2023, ISBN: 978-1-63...
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Dwellsy’s May data report reveals that while apartment rent continues to creep upward, price increases are still in the “expected” realm—and overall, the market can look forward to a period of moderation. Los Altos, CA (June 2023) – Sorry, apartment-dwellers. Once again, you’re facing an increase in asking rent. From March to April, rent for one-bedroom apartments rose 1.1 percent, or $14. And between April and May, it edged up a further 0.5 percent, or $6. “Everything we’re seeing is in line with a normal seasonal rent cycle, in which prices edge upward between April and October,” says Bordo,...
ValueWalk
For both apartments and single-family homes, asking rent hasn’t changed much since last month. Jonas Bordo of Dwellsy explains why he’s forecasting a flat-rent summer. Rents Flattened Out In May“After seeing rent increases between March and April, May’s numbers have largely flattened out,” says Bordo, coauthor along with Hannah Hildebolt of Everything You Need to Know About Renting But Didn’t Know to Ask: All the Insider Dirt to Help You Get the Best Deal and Avoid Disaster (Matt Holt, August 2023, ISBN: 978-1-6377439-2-8, $21.95). “It’s possible that despite adhering to established seasonal t...
ValueWalk
According to Dwellsy’s March data report, apartment rent has slipped slightly downward. But in some expensive cities, renting even a one-bedroom place will cost you plenty. If you back up and look at the year-over-year change for one-bedroom apartments, you’ll see that median asking rent has decreased 0.1 percent—which is (wait for it!) $1.00—since March of 2022. From February to March it decreased by 0.5 percent, or $7.00. (Hey, he never said you were getting rich—but every little bit helps, right?) “The good news for cash-strapped renters is that these decreases are part of a longer-lived tr...
ValueWalk
Dwellsy’s latest data analysis reveals which twenty cities have the fastest-rising rent. With year-over-year price increases of at least 20 percent, they’ve all earned their places on this list. Los Altos, CA (March 2023) – As the Fed continues to combat inflation and (hopefully) stave off a recession, most of us have been dismayed to find that our dollars aren’t going as far as they used to. Q4 2022 hedge fund letters, conferences and more “While year-over-year rent for both single-family home rentals (SFRs) and apartments is up, in most markets price increases have stayed under +10 percent,”...
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