Rental squeeze to intensify
Property Institute CEO, Ashley Church says the housing polices of the new government, combined with uncertainty around housing investment over the next few years, will ‘”scare” some investors out of the market.
This will have a growing impact on the number of dwellings available for rental and will start to become a problem in the second half of 2018.
“While the cycles of property investment are largely predictable, there are always a number of less experienced property investors who panic, and sell, when a market flattens or who decide not to invest further during downturns.
“This means that an increasing number of rentals will convert to owner occupied dwellings – putting pressure on the rental market at a time when the demand for housing, both rental and owner occupied, is already acute.”
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