Posted by
Thames
18 yrs ago
My house lease will expire in a couple of months and I'm hoping to renew it. Before I start negotiating with my landlord, I'd like to get a feel for how much monthly rental rates have increased since 2005. I guess I should ring a couple of estate agents to hear what they say the general trend is, but I'd also be interested to hear from other tenants who can give me a real idea of what the market is like at present from a renter's perspective. Any feedback would be much appreciated.
F100
18 yrs ago
i have a couple of friends who told me that their rents have gone up 40% since 2005.
i think in the luxury sector the rents have gone up a lot (ie..repulse bay, south side, luxury mid-levels).
however, if you are renting a smaller unit under 1000 sq feet - the prices have gone up but not nearly as much as the high end.
mrsl
18 yrs ago
50-60%????? Oh boy, if our house counts under 'luxury sector', we'll certainly be moving when our lease is up in a few months!
F100
18 yrs ago
dear mrsl,
better ask your neighbours what the going rate is.
my friends were shocked when they found out.
they were expecting 10-20% but not 40-50%.
my friend told me that they are scrambling to find something more reasonable but meet their standards.
people are telling me that the supply is getting tight, especially if you want a larger unit with facilities that is located in a good area.
You must be logged in to be able to reply.
Login now
Copy Link
Facebook
Gmail
Mail