Greycoat Real Estate Predicts Rent Rise
Greycoat Real Estate Predicts Rent Rise
Greycoat Real Estate is among the many real estate authorities who are predicting a massive rise in rents. This is a price rise phenomenon that is set to take place in the very near future. According to the specialists, the immediate cause of this concerning event is paradoxical.
It represents no less than the very thing that ought to be leading to the exact opposite result. The price of the average rent is expected to rise by at least 25%. According to Greycoat specialists, this will take place between the present time and the end of 2026. Many believe that the cause of this rise will be due to rising mortgage costs.
Other experts point to a steeply widening imbalance of supply and demand. Many potential home buyers are renting while waiting for home prices to drop. According to Greycoat real estate specialists, this creates a higher level of competition in the national rental market.
As it turns out, the culprit to blame for rising rents will be a stabilization in the house market. As prices grow steadier, they will also continue to rise out of the reach of many people. Greycoat informs that this creates a ripple effect that forces many prospective buyers back into the rental market.
The result is a major issue when rents also become too high. Members of the U.K. real estate industry, such as Greycoat Real Estate agency among others, have been frank about this development. This is an issue that will occupy the thoughts of many senior members of the public and private sector. At the moment, no solution has yet been proposed.