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Low-end townhouses shoot rent prices

Rent prices are expected to keep rising this year amid rising demand for rental houses as opposed to mortgages, reveals Hass Residential Price Index for the final fourth quarter of 2013.Image

Releasing the Hass Property Index for the year ended 2013, Ms. Sakina Hassanali, Head of Marketing at HassConsult says that  for the country’s expanding middle classes, the path of progressing from renting to purchasing is being blocked, now for a third year running, by the nation’s exceptionally high mortgage rates. The report shows that there is a significant upsurge in the rate of rent from the month of October to December different from the second and third quarter reports which showed a fall in rent as we set into the start of last year.   Read the rest of this entry

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