According to the data announced by the Turkish Statistical Institute (TÜIK), ...
Rental rates for premium-level housing in the second quarter of 2022 in the world increased by 11.3% year-on-year. According to a study by our partners Knight Frank, in 10 cities around the world, rental rates have changed in a positive direction. The top 10 is headed by New York, where the cost of rental housing has increased by 39%, London comes second with a 26.8% rise in prices, Singapore is the third (+15.8%).
Next in the list are:
But prices have not risen everywhere. So, in Auckland and Hong Kong, rental rates have even decreased.
The key factor in the recovery of rental prices was the victory over the coronavirus pandemic. In addition, mortgage interest rates are rising rapidly this year, which makes buying a home more expensive and more difficult. Against this background, both demand and supply in the premium real estate rental segment are increasing.
The nuance is also that rental housing becomes a kind of insurance against inflation. The consumer price index increased in 2021 and 2022, devaluing money faster than usual. The premium segment of rental housing in this case insures against inflationary pressure.
ARAVANA Multifamily Office specialists, together with partners, have considerable experience in finding and selecting elite-level real estate for rent and ownership – both in Russia and abroad. The implementation of successful cases gives the possibility to form a proposal taking into account the requirements and wishes of the client.
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