“The supply and demand imbalance continued in Q3. We did see an increase in tenancy changes for our existing stock, but it remains well below average. Rents for all property types continue to rise with tenants struggling to find a home. We are disappointed that the Cost of Living Legislation extension to March 31st has passed through parliament and the expectation is that some form of rent restrictions will remain in place beyond that. We continue to take on new ‘accidental’ landlords but there is little outside investor activity due to high mortgage rates, government policy uncertainty and tax changes. The low supply of PRS properties looks set to continue into 2024.”
I am a Tenant Landlord
