The demand for apartments and houses for rent has increased dramatically. The sharp drop in mortgage approvals is one of the main factors that are behind the huge demand for houses and apartments for rent. If you want to get a house on rent in Dakar Senegal then read the full info here.
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The supply of rental apartments is not in line with demand. Affordability is a problem compounded by growing demand. There is a concern that apartments and houses for rent take up more than thirty percent of tenants' income.
Positive employment growth has also driven demand for apartments and houses for rent. Homeownership is expensive and the cost of living continues to increase. As a result, many people choose not to be tied down to homeownership and are able to move out when a better job or location arises.
A housing report released by a national housing company found that rents for two-bedroom apartments rose 3.75%. Vacancy rates continue to decline. Rental prices are increasing; vacancies fell; Households are growing and the supply of apartments and houses for rent is limited.
A recent study by the Chicago-based risk management information firm Trans-Union found that landlords acknowledge the fact that many people today can't afford to raise rents. Steve Rowe, vice president of sales at Trans-Union, said if you look at wages and job growth and use landlords where they can, but in many other cases landlords admit that's not possible. . The basic tenants couldn't afford it.