Reported about 1 year ago
According to the latest consumer price index (CPI) data released by the Directorate-General of Budget, Accounting and Statistics on June 6th, rent prices in May increased by 2.6%, the highest in 28 years. Reasons for the persistent rise include overall inflation exceeding 2%, high housing maintenance costs, rising interest rates, and property prices. Mortgage borrowers also faced challenges with record-high average loan amounts and lower property sizes. Renters are feeling the strain, and mortgage borrowers are experiencing 'three highs and one low,' with down payments, mortgage amounts, and property prices all reaching new highs.
Source: YAHOO