Shift in Rental Trends

During the lockdown, many tenants have realised the necessary changes needed in their day-to-day living arrangements.

The confinement of working from home has left tenants with a preference for more exterior space, gardens and a view from their home. The demand for apartments in urban areas have shifted to the tranquil, suburban lifestyle offering outdoor spaces.

Landlords of apartments are advised to reduce the prices of their units, rather than wait for a client to commit to a higher rental amount, as the demand has greatly decreased. Tenants are no longer prepared to pay the higher rentals for the sake of previously deemed advantages such as close proximity to work and amenities of the urban lifestyle. Tenants have found themselves seeking solace in freestanding homes to entertain themselves, and families with the lifestyle within their immediate surroundings.

Seek the assistance of an experienced agency to help make informed decisions when trying to find a home that suits your needs.