Rental Market

What is happening to the rental market?

While the sales market is in crisis the rental market is doing it's own thing, as interest rates are being kept artificially high(compared to the BBR) by the lenders, some landlords are finding it necessary to keep rent going up.

People are naturally cautious of the future and so the desire to purchase a property is naturally reduced. This can mean that people want to rent instead of buying but at the same time it may mean that people have so little confidence in the future that where they would normally have decided to rent, they now don't want to change their own personal circumstances and so may not even decide to move from a stable situation(such as living with parents) into a possibly new and unfamiliar renting situation.