Rents for various properties will start to come down, but it is too early to see an entire reduction happening across the ball. Properties that have active leases will not of course decrease so until leases are freed up, we won't see general decreases.
The apartment scene will be the first to see rents fall, particularly the older buildings without services and limited maintenance. Stand alone villas will eventually also come down, but only when the landlord is convinced after being turned down by a few potential tenants due to his rent rate offer.
Sought after flat blocks and compounds will be the last to creep down rent wise. Demand is still high for the same. When some new compounds come on the lease market and give people more housing options, prices should also start to come down at other compounds as and when houses are empty. Exceptions to this case will be present, meaning the popular compounds as long as certain companies are content to keep paying the escalated rents. Another exception will be properties that are well finished off, designed well for living and known to be good maintenance wise. Compounds leased by a sole company will remain high until the company has other options to house their staff giving them space to pressure the landlord.
Rents for various properties will start to come down, but it is too early to see an entire reduction happening across the ball. Properties that have active leases will not of course decrease so until leases are freed up, we won't see general decreases.
The apartment scene will be the first to see rents fall, particularly the older buildings without services and limited maintenance. Stand alone villas will eventually also come down, but only when the landlord is convinced after being turned down by a few potential tenants due to his rent rate offer.
Sought after flat blocks and compounds will be the last to creep down rent wise. Demand is still high for the same. When some new compounds come on the lease market and give people more housing options, prices should also start to come down at other compounds as and when houses are empty. Exceptions to this case will be present, meaning the popular compounds as long as certain companies are content to keep paying the escalated rents. Another exception will be properties that are well finished off, designed well for living and known to be good maintenance wise. Compounds leased by a sole company will remain high until the company has other options to house their staff giving them space to pressure the landlord.