Very striking results in the tenant survey

A survey of renters and landlords by Ipsos Research found that one in two renters experienced a rent increase of more than 25 percent last year, compared to seven in 10 renters this year.

According to the investigation, which underlines that this situation worsens with each passing day, the rate of renters who are exposed to a higher rate than the legal rate announced by the State increased from 51 percent to 69 percent in one year.

Last year, nearly three-quarters of tenants facing a higher-than-official rent increase demand had to accept this demand, while this year nine out of ten renters in this situation had to accept the demand for increase above the official limit.

Source: Ipsos

86 PERCENT HAD TO ACCEPT BECAUSE…

One of the most striking points of the investigation is the desperation experienced by tenants who are exposed to rent increases above the legal limit.

While the rate of those who had to accept the landlord-mandated rent increase was 73 percent in June 2022, this rate increased to 86 percent in July 2023.

The rate of those who did not accept decreased from 27 percent to 14 percent.

According to studies, 9 out of 10 renters think that if they had to move today they wouldn’t be able to find a home that fit their budget.

While the rate of those who are dissatisfied with the neighborhood they live in increased from 25 percent to 28 percent in one year, the rate of those who are dissatisfied with the home they live in increased from 31 percent to 35 percent.

RENTS FOR 51 PERCENT OF TENANTS INCREASED MORE THAN INCOME

The study also determined that the rent increases were higher than the income of half of the tenants, and it was determined that there was an increase of 4 points compared to 2022.

The rate of those who said, “My rent has increased more than my income in the last year,” rose from 47 percent to 51 percent.

The rate for those who said, “My income and my rent have increased to a similar level,” dropped from 39 percent to 35 percent.

HOMEOWNERS THINK THEY HAVE LOST

On the other hand, the owners think that they have suffered economic losses due to the former tenants.

The proportion of landlords who said, “While rents are rising steadily, current tenants are losing money” rose from 58 percent to 70 percent in one year.

The rate of those who declared that they suffered no financial loss decreased from 42 percent to 30 percent.