3 ESSENTIAL Reasons Why Rents Are Rising

The Property Nomads Podcast

Rob talks about the three essential reasons why rents are rising, challenging the mainstream media's portrayal of landlords and delving into the economic factors driving the increase in rents.

KEY TAKEAWAYS

• One of the main reasons for rising rents is the decrease in supply caused by landlords leaving the market. This imbalance between supply and demand leads to an increase in rental prices.
• Access to home ownership has become more expensive due to higher mortgage rates. As a result, more people are unable to buy a home and are forced to rent instead. This increased demand for rental properties further drives up rents.
• The lack of sufficient property construction contributes to the supply-demand imbalance in the rental market. Despite government efforts, the housing quota for new construction has not been met, resulting in limited availability of rental properties and higher rental prices.
• While not listed as a main reason, some argue that high levels of immigration can impact the rental market. The use of properties to house migrants or immigrants may reduce the supply of rental properties, leading to increased rents due to supply and demand dynamics.

BEST MOMENTS

"We're all right-wing capitalist pigs in the eyes of mainstream media."

"If landlords are leaving the market, this is decreasing supply... therefore rents have to go up. It's just natural market forces."

"Higher mortgage rates have made access to home ownership more expensive... that means the cost of borrowing is more expensive... more people being able to potentially afford to buy a home and now not being able to afford to buy a home."

"Not enough property is being built... supply is nowhere near the level of demand... that means that you're going to have high prices."

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast