business

Good news for landlords. It’s about rental rates. “The potential for further growth is running out”

Good news for landlords.  It’s about rental rates.  “The potential for further growth is running out”

Good news for landlords. It’s about rental rates. “The potential for further growth is running out”

The report by Expander and Rentier.io shows that in October rents decreased in 9 out of 16 cities surveyed, in 2 out of 16 the rates did not change, and in 5 out of 16 further increases were recorded. “However, in most of the cities we studied, the rates fell. The probable reason is that some landlords did not find tenants in the hottest period (August, September) and were forced to lower prices.

Contents

Since December last year, we have observed a monthly increase in rental costs. The biggest increases took place in the spring, when there was a huge influx of refugees from Ukraine. After that, they continued to grow, but much more slowly. In total, this year (since January) rates in the cities surveyed by us have increased by an average of 23 percent. According to the report, the record holders are Kraków (36%), Warsaw (31%) and Wrocław (30%). At the same time, it was emphasized that the potential for further growth is exhausted.

Experts explain that rate increases were largely driven by a shortage of rental housing. Currently the supply of flats for rent has almost returned to normal. The number of all active rental ads in October was 30,000. A year ago it was 33,000, so there is still a little bit left.

– However, if we look at the newly added ads, then in October this year there were even more of them (15,000) than a year ago (13,000). In November, there may be even more active ads than a year ago, the authors of the report indicate.

Rates in October were lower in most cities than in September. – Apart from the already mentioned Katowice (-9% m/m), we recorded significant drops in Gdynia (-5% m/m), Sosnowiec (-5% m/m) and Gdańsk (-5% m/m). ) – replaced. In turn, further increases were recorded in five cities. These are Lublin (6% m/m), Częstochowa (5% m/m), Łódź (5% m/m), Warsaw (3% m/m) and Kraków (2% m/m). ).

.

#Good #news #landlords #rental #rates #potential #growth #running

Related Articles

Back to top button