The number of properties up for rent has jumped as people who cannot sell their homes decide to let them instead.
aybe, but then less people buying homes also means more demand for rent?I would imagine the overall supply/demand is more about demand for property full stop versus available stock?
> Maybe, but then less people buying homes also means more demand for rent?Does it? I think people might just stay in their current situation longer.> would imagine the overall supply/demand is more about demand for property full stop versus available stock?I'd say availability of credit.
1) evidence is that people are renting to buy - they still need to move (from my estate agent friends).2) credit is subsidairy to the main cause and effect; albeit rather important at this time!
Even the most cursory of the housing market shows that rents are the most stable variable, they increase in line with earnings, no faster or slower. So all this debate about 'increasing supply of/demand for homes to rent' and the possible up or downwards impact on rents is pretty pointless.
Oi I think sentiment has a lot to do with how much people will try to rent out property for.
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