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renting costs?

red_devil
red_devil Posts: 10,793 Forumite
in House buying, renting & selling
Why do rents keep going up when house prices go down?
:footie:

Comments

  • RupertTheCat
    RupertTheCat Posts: 113 Forumite
    Probably because the cost of maintaining a property keeps increasing, as do letting agents fees.

    If you are renting a flat, service charges increase every year, often by about 10%. Landlords may well factor this into rental costs.
  • R_P_W
    R_P_W Posts: 1,524 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Supply and demand?
  • Lagoon
    Lagoon Posts: 934 Forumite
    R_P_W wrote: »
    Supply and demand?

    This.

    People are struggling to buy, so there's a high demand for rental properties. Property owners can make a good amount of profit by increasing their rental prices, knowing that for many tenants there won't be an alternative.
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