The demand for housing for rent exceeded the demand for housing for sale for the first time
Emlakjet published the real estate data for the month of May, which were prepared based on the movements in a database of 400,000 real estate ads for sale and rent.
Emlakjet CEO Tolga İdikat stated that they have observed an upward trend in rental housing searches for a while, saying, “As we have not seen for a long time in real estate searches, rental housing searches have outsold as of May for the first time.”
Noting that they predict that this trend will continue for a while due to the decrease in the housing stock and the increase in prices, İdikat said: “As the trend turns towards the search for rental housing, the increase in rental housing prices also attracts attention. “
28.4 PERCENT ARE SEEKING AGAIN BECAUSE THE RENT IS RAISED TOO MUCH
On the other hand, according to the research, the most important factor for those looking for rental housing was the “price” with 72.2 percent.
“Finding a home that meets your desired criteria” was identified as the biggest difficulty faced by those looking for a rental home with 42 percent.
Among the reasons for looking for rental housing, the response of those looking for rental housing stood out, “because there is too much rent increase in my current house” with a rate of 28.4 percent.
87.4 PERCENT OF OWNERS DO NOT RENT THEIR HOMES
Owners who participated in the survey stated that they do not intend to rent their home at a very high rate of 87.4 percent.
Among the factors that affect the decision of the owners to rent their home, the response “Financial Income-High Rental Income” stood out with 44.9 percent.
The second factor that influenced the decision to rent the house was the “reduction in the costs of maintenance and repair of the house” with 12 percent.
The biggest concern experienced by owners in the process of renting their home was “the possibility that tenants do not pay on time” with 41.7 percent.
Home damage, legal proceedings, and disagreements were listed as other concerns experienced by those considering renting their home.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
