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...The London rental market has started to “normalise” after a year of short supply and record recent increases in rents, according to Foxtons, with fewer prospective tenants chasing each listing....
...Campaigners representing private tenants want local authorities to cap holiday rentals in problem areas, such as where conversions to short-term lets or second homes almost outpace the supply of new houses...
...“The last two years have been characterised by an ongoing imbalance between rental supply and demand . . ....
...Hunt also abolished the furnished holiday lets regime, which gives tax breaks to holiday rental businesses....
...Higher borrowing costs on mortgages have forced some buy-to-let landlords to sell their properties, reducing supply, or pass on the increases to their tenants....
...Lucian Cook, head of UK residential research at estate agent Savills, conceded the short-term rental market had taken much needed housing stock out of the private rental sector....
...Then there is the issue of water supply....
...In principle, the rental and owned-home market are substitutes....
...“Older A320s are potentially able to realise around one-third higher monthly rental today than they were at the peak of the last demand cycle.”...
...There were signs of cooling in the still hot rental market....
...The agent benefited from fierce competition for a reduced supply of rental homes in London last year as high borrowing costs pushed some landlords out of the market and drove up rents....
...The company’s last proxy filing states that he remains eligible for free Hertz car rentals for the rest of his life....
...“It is critical that the volume and quality of supply of rental homes improves, which requires professional investors to step in as traditional sideline private landlords exit in droves,” she added....
...Tenants have been hit by skyrocketing rental costs in recent years after prolonged high demand and constrained supply. Many landlords have also passed on the costs of higher mortgage interest rates....
...for Brexit Technological innovation: e-scooter rentals Public finances: UK near bottom of IMF league Markets, supply/demand: cocoa prices Labour markets: Amazon pay rise Fed interest rate impact The...
...Surging rents and a lack of housing supply have made it difficult for most renters to find affordable housing in the UK....
...And if there are more people in the market for rentals, rental prices — a core component in the consumer price index — will increase,” says Stiglitz....
...Guice said the rental market had proved more resilient....
...At the same time, appetite for rental properties has risen pushing up rents. Rising rental costs also reflect landlords passing on higher borrowing costs to tenants and a shortage of rental stock....
...Experts said a shortage of supply was driving rental prices, together with high interest rates and increased tenancy demand as buying became harder....
...The previous peak in London’s rental problem was in 2017, when the ratio of rental prices to wages reached 50.3 per cent....
...Management noted “progressive improvement in the supply of new vehicles” and said its rental margin remained “close to historic highs” at 20 per cent....
...Offering rentals of up to a year represented a “huge opportunity”, Chesky said. Read more on his plans for the app. 4....
...From high mortgage rates putting extra pressure on the market, to Airbnb havens impacting supply for local people, readers told us about the issues impacting renters....
...“It will result in a hugely reduced supply of rental housing as people take their properties off the market,” he says....
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