Tag #Rental Market

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theguardian.com

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Jan 14, 16:12

Australian Median-Income Households Face Record Rental Stress

A new report reveals that Australian households on median incomes now spend 33% of their pre-tax income on rent, the highest percentage since 2006, leading to increased household sharing and delayed moves from family homes, while advocates call for rent caps to address the ongoing housing crisis.

Australian Median-Income Households Face Record Rental Stress

A new report reveals that Australian households on median incomes now spend 33% of their pre-tax income on rent, the highest percentage since 2006, leading to increased household sharing and delayed moves from family homes, while advocates call for rent caps to address the ongoing housing crisis.

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What is the immediate impact of rising rental costs on Australian households, particularly those with median incomes?

Even Australians with median incomes are experiencing rental stress, allocating 33% of their pre-tax income to rent—the highest since 2006. This has led to delayed moves from family homes and increased household sharing.

faz.net

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Jan 11, 13:09

Wiesbaden Housing Market Shows Generational Divide in Homeownership

In Wiesbaden, Germany, from 2018-2023, around 6,300 new apartments were completed, adding to 12,200 since 2006; however, homeownership is concentrated among older residents (35.6% for those over 65), while those under 35 own only 2%, highlighting a significant generational divide in housing ownershi...

Wiesbaden Housing Market Shows Generational Divide in Homeownership

In Wiesbaden, Germany, from 2018-2023, around 6,300 new apartments were completed, adding to 12,200 since 2006; however, homeownership is concentrated among older residents (35.6% for those over 65), while those under 35 own only 2%, highlighting a significant generational divide in housing ownershi...

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What are the key factors contributing to the significant difference in homeownership rates between younger and older residents of Wiesbaden, and what are the immediate societal consequences of this imbalance?

Between 2018 and 2023, Wiesbaden saw approximately 6300 new apartments completed, adding to the 12,200 built since 2006. Half were owner-occupied or single/two-family homes. However, homeownership is highly skewed towards older residents (35.6% for those over 65), while those under 35 own only 2% of their homes.", A2="The data reveals a stark contrast in homeownership rates across age groups in Wiesbaden, with older residents significantly more likely to own their homes compared to younger residents. This disparity is particularly noteworthy given the substantial new housing construction in recent years. The distribution of housing ownership also varies across districts, with some showing high rates of owner-occupancy while others are dominated by rental housing.", A3="Wiesbaden's housing market displays a significant generational divide in homeownership, potentially leading to long-term societal challenges. The concentration of rental properties in certain districts, coupled with high construction in others, creates spatial inequalities. This trend, along with changes in the proportion of housing owned by different sectors, indicates evolving dynamics within the city's housing landscape.", Q1="What are the key factors contributing to the significant difference in homeownership rates between younger and older residents of Wiesbaden, and what are the immediate societal consequences of this imbalance?", Q2="How has the distribution of housing ownership in Wiesbaden changed since 2006, and what are the underlying causes of these shifts in the proportions of owner-occupied, privately rented, and publicly managed housing?", Q3="What are the potential long-term implications of the observed disparities in homeownership and the evolving dynamics in the ownership structure of Wiesbaden's housing stock for the city's social fabric and future development?", ShortDescription="In Wiesbaden, Germany, from 2018-2023, around 6,300 new apartments were completed, adding to 12,200 since 2006; however, homeownership is concentrated among older residents (35.6% for those over 65), while those under 35 own only 2%, highlighting a significant generational divide in housing ownership and spatial inequalities.", ShortTitle="Wiesbaden Housing Market Shows Generational Divide in Homeownership")) 或者print(default_api.final_result(A1="Between 2018 and 2023, approximately 6,300 new apartments were completed in Wiesbaden, Germany, in addition to the 12,200 built since 2006. This increase contrasts sharply with the low homeownership rate among younger residents (under 35 years old), at only 2%, while over 35% of residents over 65 own their homes.", A2="The data highlights a significant disparity in homeownership between age groups, with older residents significantly outpacing younger residents. This is notable given the substantial new housing construction. The distribution of housing ownership varies across districts, with some areas exhibiting much higher owner-occupancy rates than others.", A3="Wiesbaden's housing market exhibits a major generational divide, potentially posing future societal challenges. The combination of concentrated rental housing in some areas and high construction in others creates spatial inequalities. The shift in the proportion of housing owned by various sectors reflects dynamic changes within the city's housing landscape.", Q1="What factors are primarily responsible for the stark difference in homeownership rates between younger and older generations in Wiesbaden, and what immediate societal repercussions stem from this disparity?", Q2="How has the distribution of housing ownership in Wiesbaden evolved since 2006, and what are the underlying causes of these changes in the proportions of owner-occupied, privately rented, and publicly managed housing?", Q3="What are the potential long-term consequences of the observed differences in homeownership and shifts in the ownership structure of Wiesbaden's housing stock for the city's social structure and future growth?", ShortDescription="From 2018 to 2023, approximately 6,300 new apartments were completed in Wiesbaden, Germany, adding to the 12,200 built since 2006; however, a significant generational gap exists in homeownership, with only 2% ownership among those under 35 and 35.6% among those over 65, revealing spatial inequalities.", ShortTitle="Generational Divide in Wiesbaden Homeownership"))

dailymail.co.uk

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Dec 29, 01:05

Labour's Eco-Targets Hit MPs' Rental Properties

Labour's plan to improve energy efficiency in rental properties by 2030 requires landlords to achieve an EPC rating of C or above, impacting numerous Labour MPs who will face significant upgrade costs, potentially leading to increased rents or reduced housing supply.

Labour's Eco-Targets Hit MPs' Rental Properties

Labour's plan to improve energy efficiency in rental properties by 2030 requires landlords to achieve an EPC rating of C or above, impacting numerous Labour MPs who will face significant upgrade costs, potentially leading to increased rents or reduced housing supply.

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How will the regional variation in upgrading costs affect landlords' ability to comply with the new EPC standards?

This policy, aiming to improve energy efficiency, disproportionately affects landlords of older properties, potentially driving up rental costs or reducing housing supply. The estimated collective cost for 2.9 million properties to reach a C rating is £23.4 billion, with regional cost variations impacting landlords differently. The policy's impact varies regionally, with higher costs in the North and Midlands compared to London and the South East.

news.sky.com

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Dec 18, 19:12

Record High English Rent Prices: 9.3% Year-on-Year Increase

English private rental prices hit a record high in November 2024, increasing by 9.3% year-on-year to an average of £1,362 per month, with London seeing the largest rise at 11.6%, driven by a shortage of rental properties and landlords exiting the market.

Record High English Rent Prices: 9.3% Year-on-Year Increase

English private rental prices hit a record high in November 2024, increasing by 9.3% year-on-year to an average of £1,362 per month, with London seeing the largest rise at 11.6%, driven by a shortage of rental properties and landlords exiting the market.

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What is the immediate impact of the record-high English rental price increase on renters?

English private rental prices surged 9.3% year-on-year in November 2024, reaching an average of £1,362 per month. This represents a £116 increase compared to the previous year and surpasses the 8.8% rise observed in October. London experienced the most significant increase, with rents climbing 11.6%.

theglobeandmail.com

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Dec 18, 01:09

Slower Rent Increases in Canada Amidst New Housing Supply

Canada's average two-bedroom apartment rent increased by 5.4 percent in 2024, down from 8 percent in 2023, due to a significant increase in new rental units; however, lower-income renters continue to struggle with arrears, with Toronto at 15.4 percent.

Slower Rent Increases in Canada Amidst New Housing Supply

Canada's average two-bedroom apartment rent increased by 5.4 percent in 2024, down from 8 percent in 2023, due to a significant increase in new rental units; however, lower-income renters continue to struggle with arrears, with Toronto at 15.4 percent.

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What is the primary factor contributing to the slowdown in Canada's apartment rent increases in 2024?

Canada's average two-bedroom apartment rent rose 5.4 percent in 2024, slower than the 8 percent increase in 2023. This slowdown is attributed to a surge in new rental units, particularly purpose-built rentals, exceeding historical levels in major cities. However, lower-income renters continue to face financial strain, with national rental arrears at 7.9 percent.

theglobeandmail.com

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Dec 13, 20:05

B.C. Rental Market Sees Decline as New Units and Regulations Impact Investors

In British Columbia's housing market, declining rental rates, especially in luxury downtown Vancouver condos, are impacting investors due to increased purpose-built rental units, fewer international students, and stricter short-term rental rules; some landlords offer incentives to fill suites, while...

B.C. Rental Market Sees Decline as New Units and Regulations Impact Investors

In British Columbia's housing market, declining rental rates, especially in luxury downtown Vancouver condos, are impacting investors due to increased purpose-built rental units, fewer international students, and stricter short-term rental rules; some landlords offer incentives to fill suites, while...

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What is the primary cause of declining rental rates in B.C.'s housing market, and what are the immediate consequences for investors?

The B.C. housing market shows a decline in rental rates, particularly in the luxury condo sector of downtown Vancouver, where rental returns for investors are dwindling. This is due to an influx of new purpose-built rental units and reduced international student numbers, impacting landlords who catered to this demographic. Consequently, many investor-owners are lowering rents to fill vacancies, facing financial difficulties exacerbated by variable-rate mortgages.

smh.com.au

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Jan 14, 16:12

Australia's Rental Market Slows, But Remains Unaffordable

Australia's national median rent rose 4.8% in 2024, slowing from previous years but remaining unaffordable; a median income household needs 33% for rent, the highest ever; the slowdown is attributed to normalized migration, increased investor participation, and larger household sizes.

Australia's Rental Market Slows, But Remains Unaffordable

Australia's national median rent rose 4.8% in 2024, slowing from previous years but remaining unaffordable; a median income household needs 33% for rent, the highest ever; the slowdown is attributed to normalized migration, increased investor participation, and larger household sizes.

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What factors contributed to the recent slowdown in rent increases in Australia?

The slowdown in rent increases is linked to a combination of increased rental supply due to a rise in investor participation and a return to larger household sizes as home offices are repurposed. This contrasts with the previous rental boom fueled by post-pandemic city reopenings and limited housing options. The impact is a slight easing of competition for renters and a reduced pressure to bid up rents.

theglobeandmail.com

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Jan 8, 04:08

Justice Department Sues Landlords for Alleged Rent-Fixing Scheme

The U.S. Justice Department sued six major landlords for allegedly colluding to keep rents high using an algorithm and shared data, impacting millions of renters already struggling with affordability; one landlord denied the accusations.

Justice Department Sues Landlords for Alleged Rent-Fixing Scheme

The U.S. Justice Department sued six major landlords for allegedly colluding to keep rents high using an algorithm and shared data, impacting millions of renters already struggling with affordability; one landlord denied the accusations.

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How does the use of RealPage's algorithm contribute to the alleged anti-competitive practices of the landlords?

The lawsuit connects the landlords' actions—using an algorithm and sharing data to set rents—to the broader housing crisis and its impact on renters. The algorithm, from RealPage, allegedly uses sensitive competitive data to facilitate price alignment and avoid rent reductions. The high percentage of renters spending a significant portion of their income on rent underscores the severity of the situation.

smh.com.au

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Dec 19, 22:11

Victorian Property Investor Exodus Amidst Rising Costs

Increased land tax and stricter regulations in Victoria are prompting investors to sell properties, causing a 22.6% drop in new home loan commitments from May to September, impacting rental supply and potentially harming low and middle-income renters.

Victorian Property Investor Exodus Amidst Rising Costs

Increased land tax and stricter regulations in Victoria are prompting investors to sell properties, causing a 22.6% drop in new home loan commitments from May to September, impacting rental supply and potentially harming low and middle-income renters.

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What is the primary impact of increased land tax and stricter regulations on property investors in Victoria?

Recent changes in Victoria's property market, including increased land tax and stricter rental standards, have prompted a significant number of investors to sell their properties. This has led to a 22.6% drop in new home loan commitments by investors from May to September, according to ABS data.

welt.de

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Dec 18, 16:15

German Housing Shortage Worsens Amidst Permit Decline

Germany saw a 19.5 percent decrease in building permits from January to October 2024 compared to the previous year, falling short of the government's 400,000 new homes target and worsening the existing housing shortage, particularly in cities, despite some price corrections in the real estate market...

German Housing Shortage Worsens Amidst Permit Decline

Germany saw a 19.5 percent decrease in building permits from January to October 2024 compared to the previous year, falling short of the government's 400,000 new homes target and worsening the existing housing shortage, particularly in cities, despite some price corrections in the real estate market...

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How do recent price corrections in the real estate market affect the overall housing crisis in Germany?

The decline in building permits directly reflects the ongoing housing crisis in German cities. Fewer permits translate to fewer new homes constructed, exacerbating the existing shortage. Although some price reductions occurred, particularly in major cities, the high demand driven by population growth and recently decreased interest rates are preventing substantial relief.

kathimerini.gr

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Dec 18, 22:09

Greek Apartment Renovations Boost Rental Prices by up to 74.4%

A Protio study reveals that renovating apartments in Greece before renting increases rental prices by an average of 26%, reaching up to 74.4% in areas like Ymittos; 65% of rental apartments are unrenovated, while 89% of the country's housing stock is over 25 years old.

Greek Apartment Renovations Boost Rental Prices by up to 74.4%

A Protio study reveals that renovating apartments in Greece before renting increases rental prices by an average of 26%, reaching up to 74.4% in areas like Ymittos; 65% of rental apartments are unrenovated, while 89% of the country's housing stock is over 25 years old.

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What is the impact of apartment renovations on rental prices in Greece, and how does this affect both landlords and tenants?

Renovating apartments before renting in Greece adds significant value, increasing rental prices by an average of 26%, according to a Protio study. In areas like Ymittos, this increase can reach 74.4%. 65% of currently available rental apartments are unrenovated.

bbc.com

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Dec 11, 04:10

UK Rents Soar £3,240 Since Pandemic

UK average annual rent on newly let properties has increased by £3,240 (27%) since the end of the coronavirus pandemic, exceeding average earnings growth, placing a strain on renters; however, the rate of increase is slowing.

UK Rents Soar £3,240 Since Pandemic

UK average annual rent on newly let properties has increased by £3,240 (27%) since the end of the coronavirus pandemic, exceeding average earnings growth, placing a strain on renters; however, the rate of increase is slowing.

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What factors initially drove the sharp increase in rental costs in 2021, and how is the current market situation evolving?

High demand following lockdowns coupled with limited housing supply fueled the initial rent surge in 2021. While the rate of rent increase is slowing, it remains substantially higher than wage growth, disproportionately impacting low-income renters and students. This disparity is widening the affordability gap in the housing market.

Showing 61 to 72 of 76 results